Is DeFi Back? GMX Rallies Toward All-Time High and LOOKS Price Gains 30%
The week prior to Nov. 16 provided decentralized Finance (<a href="https://cointelegraph.com/defi-101/defi-a-comprehensive-guide-to-decentralized-finance">DeFi</a>) with a significant<a href="https://cointelegraph.com/news/defi-platforms-see-profits-amid-ftx-collapse-and-cex-exodus"> influx in fees</a> after the centralized exchange (<a href="https://cointelegraph.com/explained/centralized-cryptocurrency-exchanges-explained">CEX</a>) exodus triggered by FTX’s bankruptcy. The temporary high inflows to DeFi propelled GMX to <a href="https://cointelegraph.com/news/dex-token-gmx-rallies-35-after-beating-uniswap-on-trading-fees-for-the-first-time">outperform Uniswap in protocol fees</a>.
BudBlockz (BLUNT): The Promising ERC-20 Token That Will Dominate The Ethereum Ecosystem
The Ethereum ecosystem continues to grow in popularity thanks to a loyal community betting big on the development of decentralized applications (dApps) and decentralized finance (DeFi) products. While there are thousands of ERC20 tokens, knowing which token or project to invest in takes time and effort. This is why it is worth keeping an eye on BudBlockz (BLUNT) - a new ERC20 token that offers unique investment opportunities while trying to solve real-world issues.
DeFi Infrastructure Provider Sooho. Io Raises $4.5M for Bridging Blockchains
The South Korean company will use the funds to develop a range of blockchain tools for building decentralized finance applications that link the country's independent crypto networks.
Maple Finance Debt Indicates Crypto Lending Risks With No Collateral
The emergence of Maple Finance brought a different approach to the entire process. This bold DeFi lending protocol requires no deposit of extra crypto tokens as collateral for borrowing.
Panther Completes the Decentralized Launch of Its Protocol’s v0․5, a DAO-Led Effort
Panther, a cross-chain application that will allow retail users as well as institutions to access DeFi privately and compliantly, has launched its v0.5. This was achieved by the protocol’s community in conjunction with Panther Ventures Limited, a Web3 development company destined to develop the blockchain technology and zero-knowledge components of Panther.
What is DeFi 2.0?
DeFi 2.0 is the second generation of decentralized finance, with projects addressing the issues that plagued the “first version.” How does it work? Is it truly necessary?
Coinbase Users Now Have the Fastest Path from Cash to DeFi with Native USDC on Avalanche
With more than $850 million in circulating supply, Avalanche’s native USDC on Coinbase gives crypto traders and major institutions the best fiat-to-crypto experience in Web3
SynFutures Says New V2 Upgrade Adds ‘Permissionless Listing’ of Futures
SynFutures, a decentralized exchange on the Polygon network, said its new V2 upgrade will allow for the permissionless listing of futures trading pairs. The Singapore-based company, backed by the crypto investment firms Polychain and Dragonfly, says the new upgrade could meet growing interest among retail traders in decentralized finance, or DeFi. The trend accelerated after the collapse of Sam Bankman-Fried’s FTX exchange and Three Arrows Capital added a “sense of urgency to the need for transparency and retail user protections,” SynFutures said in a press release. (Coindesk)
Industry Execs Voice Confidence in DeFi Adoption Despite Security Flaws
With decentralized finance (DeFi) being a hub for various hacks and exploits, some may feel discouraged or wary of entering the space. However, professionals within the crypto space are confident that DeFi will have broader adoption in the future.
Maple Finance's $54M of Sour Debt Shows Risks of Crypto Lending Without Collateral
The blockchain-based lending protocol Maple Finance started in May 2021 with a bold concept: Build a decentralized credit marketplace for cryptocurrencies, where lenders and borrowers could come together. Unlike many other decentralized finance (DeFi) lending platforms that have cropped up in recent years in the nascent digital-asset industry, Maple’s model would not require extra cryptocurrencies to be deposited as collateral that could be seized or quickly liquidated in the event of a default. Instead, underwriters of various lending “pools” would make the decision on whether to grant loans – essentially evaluating the borrower’s ability to pay based on their creditworthiness alone. (Coindesk)
