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New Loopring's Release Can Be a Remedy to High AMM Fees

2 Sep 2020 1 minute read 3 comments Abhimanyu Krishnan

Decentralized exchange protocol Loopring (LRC) has published a monthly update on September 1, detailing development progress, including support for Automatic Market Makers in version 3.6. The update will bring several new features, including orderbo...

Aave's Bid to Tokenize Mortgages Moves Forward with RealT Collaboration

2 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending and borrowing protocol Aave (LEND) has provided an update on its bid to tokenize mortgages, as revealed in a blog post published on September 1. Aave will also add a proposal to add RealT Markets to the protocol, which will all...

New DeFi Protocol SushiSwap Launches

2 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

On August 26, a new DeFi protocol called SushiSwap launched. The protocol is a hard fork of Uniswap and aims to improve upon the latter’s core design by adding community-oriented features.  SushiSwap has been described by the team as evolution of Un...

Sushi Fork Kimchi Receives Millions of Dollars in Hours

2 Sep 2020 1 minute read 1 comment Abhimanyu Krishnan

Yet another DeFi protocol has been introduced to the market, with the Kimchi protocol launching on September 1. The Kimchi protocol is a fork of Yuno and Sushi, the latter itself being a fork of Uniswap The token crossed over $500 million in staked...

DEX Volume in August Crossed $11B, Led by Uniswap

2 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

The total trading volume on decentralized exchanges in August crossed $11 billion, beating the all-time high set in July by 160%, according to data analytics platform Dune Analytics.  At $11.6 billion, August 2020’s DEX volume is over 65 times as mu...

Aave Co-founder Says DeFi is Unfair with "Smaller People Paying for the Bigger People"

2 Sep 2020 1 minute read 1 comment Abhimanyu Krishnan

Aave co-founder Stani Kulechov, in a podcast with Decrypt’s Matthew Aaron on September 2, offered a sharp response to the profit-seeking in the DeFi space, criticizing it as a system that currently rewards the rich. When asked if yield farming resem...

1400BTC Stolen from User, Trace Ends in Russia

1 Sep 2020 1 minute read 15 comments Abhimanyu Krishnan

A Russian hacker is believed to have stolen 1,400 Bitcoin (BTC) from a Electrum user’s wallet, according to the victim’s post made on Github on August 30. User says that he had 1400 BTC in an Electrum wallet he had not accessed since 2017 The user h...

yEarn Launches yDAO Funding Vaults

1 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

On August 29, DeFi yield aggregator yEarn launched a new delegated vault for decentralized funding called yDAO.  The yDAO vaults will let users fund the vaults with YFI token, which can be utilized by applicants for a variety of needs, such as produ...

Compound's Farming Rewards Drop by 20% Following Proposal

1 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

The governance community of interest rate protocol Compound Finance (COMP) has voted to cut yield farming rewards by 20%, as seen in the poll which concluded on August 31. A total of 1,119,629 votes in favor of the change; 44 addressed voted yes, wh...

Aave Reaches $300M in Flash Loans Issuance

1 Sep 2020 1 minute read 0 comments Abhimanyu Krishnan

Decentralized lending and borrowing platform Aave (LEND) has hit a new milestone, crossing $300 million in flash loans on August 30, according to Aave tracker Aavewatch. A flash loan worth $14 million executed on August 29, with trend of an overall...