The DeFiMoon blog is about news and developments concerning decentralized finance (DeFi) protocols (Compound, Maker, AAVE, DDEX, dYdX) and stablecoins (USDC, DAI, USDT, TUSD, PAX).
22 Apr 2020 1 minute read 0 comments DefiMoon
DAI is finally starting to make its way back to the $1 mark. Since MakerDAO voters lowered the interest rates on vaults collateralized with ETH and BAT to 0%, the supply of DAI has steadily grown by about 10 million DAI. This growth shows confidence...
21 Apr 2020 1 minute read 2 comments DefiMoon
One of the big stories in defi last week was Atomic Loan's seed round of $2.45 million to bridge the gap between bitcoin and the decentralized finance movement taking place on ethereum. Some big names were involved in the seed round: Initialized (),...
21 Apr 2020 1 minute read 0 comments DefiMoon
Crypto markets crashed hard in March, with bitcoin and eth seeing their biggest one-day busts in history. However, there is a silver lining here: dex popularity has increased even more. Decentralized exchanges like Kyber and Uniswap saw record-set...
21 Apr 2020 1 minute read 0 comments DefiMoon
Despite numerous attempts by MakerDAO voters (lowering the stability fee to 0.5% on all collateral coins, adding USDC as collateral to the system) the DAI stablecoins has been trading above $1 since Black Thursday (March 12). https://dai.stablecoin....
21 Apr 2020 1 minute read 0 comments DefiMoon
Two major announcement today from dYdX and newcomers Futureswap. dYdX launched a private alpha for perpetual leveraged bitcoin futures today. https://medium.com/dydxderivatives/dydx-launches-btc-perpetual-contract...
19 Apr 2020 1 minute read 0 comments DefiMoon
Programmatic yield chasers like Iearn.Finance and Idle.Finance have become popular with the rise of the defi economy on ethereum. What better hands-off way to earn passive inco...
19 Apr 2020 1 minute read 0 comments DefiMoon
This beautiful graphic was released today by Flipside Crypto and I'm fascinated by it. The key takeaways for me here is the clear division between centralized and decentralized finance camps. It's clear that USDT is the proffered stablecoin of choice...
19 Apr 2020 1 minute read 0 comments DefiMoon
Since Tether launched their stablecoin USDT on the ethereum blockchain, USDT on Bitcoin has dwindled to just $1.5B. Why this growth in supply never took place on bitcoin? Well, ethereum transactions are much cheaper, they confirm within seconds, whic...
