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This DeFi Project Will Pay You ETH for Borrowing Crypto

28 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

On Jan. 28, the UMA (UMA) project published a post detailing how users could use a Yield Dollar token to get paid to borrow crypto, as the asset currently has a negative interest rate. Set to expire on March 31, the Yield Dollar token lets users bor...

SushiSwap Attacked, According to Crypto Intelligence Firm

28 Jan 2021 1 minute read 1 comment Abhimanyu Krishnan

Crypto intelligence firm SlowMist published a report on Jan. 27 that detailed how SushiSwap (SUSHI) had undergone a “scavenger attack” for a second time. SlowMist states that a transaction fee for a DIGG-WBTC trading pair had been “taken away by the...

Opium Network Introduces Novel Liquidity Mining Concept

28 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

Derivatives trading protocol Opium Network has launched its liquidity mining program, the team announced in a blog post published on Jan. 27. The Opium designed a new approach to airdrops, where users seeking a quick profit will be paid less  They c...

0x Governance Confirms v4 Upgrade

27 Jan 2021 1 minute read 2 comments Abhimanyu Krishnan

The 0x (ZRX) governance community approved the upgrade to 0x v4 on Jan. 23, which is set to bring improvements to pricing, liquidity and upgradability.  11.6 million ZRX tokens were staked, making it the largest vote in terms of voting power, and th...

Solana Allocating $5M in Grants for Development in Asia

27 Jan 2021 1 minute read 1 comment Abhimanyu Krishnan

The Solana project is working with Coin98 Ventures to fund development of solutions on the Solana blockchain by setting aside $5 million in grants, according to an announcement made on Jan. 26. The Coin98 Solana Ecosystem Fund will provide $100,000...

dYdX Raises $10M to Add New Features and Market Expansion

27 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

DEX dYdX closed a $10 million Series B funding round led by Three Arrows Capital and DeFiance Capital, according to an official announcement made on Jan. 26. Led by Three Arrows Capital and DeFiance Capital, other participants include Wintermute, Ha...

Ren Brings Dogecoin to Ethereum

27 Jan 2021 1 minute read 5 comments Abhimanyu Krishnan

Ren and OpenDAO have revealed the next milestone in their partnership, bringing Dogecoin (DOGE) to Ethereum (ETH) via the synthetic asset renDOGE, according to an announcement made on Jan. 26. Users can now mint renDOGE with DOGE on OpenDAO’s Dapp a...

Loopring (LRC) Unveils New Tokenomics Model

27 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

On Jan. 27, The Loopring (LRC) team revealed the new tokenomics model for the protocol, which is better designed to reward those who contribute towards the growth of protocol. The goal of the new model is to incentivize behavior that supports the gr...

Vitalik Buterin Stakes $9K Worth of SNX via Optimistic Ethereum

26 Jan 2021 1 minute read 8 comments Abhimanyu Krishnan

Ethereum co-founder Vitalik Buterin has staked SNX via the Optimistic layer 2 solution on Jan. 25, as seen in data from Ethscan. Buterin staked just under $10,000 on the Synthetix L2 bridge on Jan. 25, making him the most high profile staker yet But...

LRC Staking on v1 to End, Staking Rewards to Be Distributed on v2

26 Jan 2021 1 minute read 0 comments Abhimanyu Krishnan

According to a blog post published on Jan. 23, Loopring (LRC) will end staking on Loopring v1 and fully transition to v2, with a new token model also expected next week. Staking on Loopring v1 will end to provide more support for the all-round bette...