DeFi
In 2020, the " DeFi Summer" left people fascinated by the charm of Decentralized Finance, and also brought the Ethereum ecosystem to the forefront of crypto space. Let us show you here how to play with the DeFi "Money Legos".
Yearn.finance is a decentralized smart financial product built on Ethereum. It implements algorithms to shift assets between different smart contracts to attain the highest yields.
Yearn.finance launched the YFI token in July 2020. Its price soared from $3 to $30,000 within one month, which rapidly attracted a large number of investors. Its founder, Andre Cronje, is a South African fintech developer. He created Yearn.finance when he realized that different DeFi applications offer different yields.
Users flocked to Yearn.finance soon after it was launched. Its market cap reached $1.5 billion by September 2020. Data shows that its total value locked in the network exceeded $6 billion at its peak in November 2021. How did the craze sweep the whole crypto space? How does it work? Let’s explore.
12/14/2022, 4:54:15 AM
Blockchain bridges are specific protocols whose function is to connect two blockchains creating the possibility of transferring assets from one network to another
12/14/2022, 4:14:02 AM
What blockchain is, its utility, the meaning behind layers and rollups, blockchain comparisons and how different crypto ecosystems are being built?
12/14/2022, 3:56:02 AM
When NFT is used to obtain more liquid assets, we call this NFTFi.
By combining DeFi and NFT, we can apply NFT to more scenarios, endowing it with the potential to develop practical applications.
12/6/2022, 9:15:39 AM
Governance tokens are an important part of today's crypto industry, and there are a lot of debates about them. These debates reflect their significant value in different ways.
12/2/2022, 9:01:39 AM
Hashflow is a multi-chain decentralized trading protocol that uses the RFQ model to price cryptocurrency assets, solving the capital efficiency problems of traditional automated market maker protocols through novel thinking and enabling zero price slippage trading.
11/28/2022, 9:09:13 AM
Uniswap is a decentralized crypto trading protocol built on the Ethereum blockchain that allows anyone to swap ERC-20 tokens directly from their wallet or to create liquidity pools of the tokens.
11/21/2022, 10:42:26 AM
Tornado Cash is an industry-leading coin mixer that enables anonymous transactions. On August 8, the U.S. Department of the Treasury’s Office of Foreign Assets Control announced that it would sanction Tornado Cash, roiling the community.
On August 8, U.S. local time, the Office of Foreign Assets Control of the US Department of the Treasury (OFAC) announced the sanctions against the mixed currency protocol Tornado Cash, roiling the community.
This event is expected to be a watershed in the growth of DeFi, and even the entire crypto industry. Then, what is Tornado Cash? How does it work? How did it become the target of sanctions by the US government? You’ll find all the answers to these questions in this article.
11/21/2022, 10:37:22 AM
Developed by the DFINITY Foundation, Internet Computer (IC) is a blockchain service provider with a grand vision. It aims to become a basic computing service facility in the entire blockchain field. Similar to the blockchain versions of AWS (Amazon Cloud Computing Service) and Azure (Microsoft Cloud Service Platform), the Internet Computer (IC) provides solutions for all network services and cloud computing needs. If it is able to keep developing in the long term, it will be capable of bringing huge innovation to the crypto industry.
11/21/2022, 10:23:35 AM
What is TVL and how can you calculate it? What are the applications of TVL in DeFi? What is the largest network by TVL? Follow us to find answers in this article.
11/21/2022, 9:14:00 AM
Rollups represent one of the most popular and effective Ethereum scaling solutions. As a Layer 2 off-chain scaling solution, Rollup bundles thousands of off-chain transactions into batches and sends them to the main blockchain for storage and verification. It greatly improves transaction volume and transaction speed while inheriting the security of Ethereum Mainnet.
11/21/2022, 8:38:36 AM
IGOs provide blockchain gaming startups within the channel to raise funds without relying on venture capitalists or game publishers. IGOs grant investors early access to obtain higher returns.
11/21/2022, 8:34:53 AM
NFT games are one of the directions in NFT applications of the current Web3 developments.
11/21/2022, 8:34:29 AM