DeFi | ForkLog - Part 76

ForkLog 17 22.10.2020

Hodl Hodl launches DeFi project for Bitcoin-backed loans

On October 22, Hodl Hodl launched a non-custodial p2p platform, Lend at Hodl Hodl, through which users will be able to arrange loans secured by Bitcoin.

AI translated

uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 11 21.10.2020

Crypto investors burned by a new experimental token from yEarn.Finance founder

Users suffered losses after another pump-and-dump scheme involving the token of the new DeFi experiment by yEarn Finance founder Andre Cronje, reports Cointelegraph.

AI translated

ForkLog 9 21.10.2020

American regulator: DeFi will redefine the role of banks in society

Distributed ledger technology and decentralized finance (DeFi) will turn the traditional banking sector into an archaic structure, according to Brian Brooks, head of the Office of the Comptroller of the Currency (OCC).

AI translated

ForkLog 10 21.10.2020

Currency.com adds DeFi tokens LINK, COMP and UNI to its listings

Currency.com, the exchange of tokenized assets, added DeFi project tokens Chainlink (LINK), Compound (COMP) and Uniswap (UNI) to its listings. ForkLog was informed of this by Currency.com representatives.

AI translated

ForkLog 11 20.10.2020

R3 consortium unveils token for the DeFi sector

Banking blockchain consortium R3 will release a digital currency in the Corda ecosystem. The token, named XDC, will be suitable for DeFi applications and for launching central-bank digital currencies, CoinDesk reports.

AI translated

ForkLog 12 14.10.2020

Waves integrates Solana into Gravity protocol to spur cross-chain DeFi

The Solana blockchain will become the first external element in Waves' strategy to drive mass cross-chain DeFi via the Gravity interoperability protocol.

AI translated

ForkLog 14 14.10.2020

yEarn.Finance founder releases a ‘useless’ token

The founder of the DeFi project yEarn Finance, Andre Cronje, proposed developing the concept of tokens that act as a liquidity bridge between different exchanges. However his warning that they are created solely for research purposes and cannot be used to earn money did not deter users.

AI translated

ForkLog 22 14.10.2020

Binance awards grants to six DeFi projects

The cryptocurrency exchange Binance has selected the first batch of projects that will receive grants from the seed investment fund with a $100 million capital. ForkLog said representatives of the company said.

AI translated

ForkLog 15 14.10.2020

DEXs Without Native Tokens — Relic of the Past or Viable Path Forward?

Yield farming is one of the most topical trends in the decentralized finance (DeFi) space. The decentralized exchange (DEX) segment is no exception—many trading venues have issued native tokens. Among such platforms is Uniswap, which has risen to the lead in total value locked.

AI translated

ForkLog 10 13.10.2020

Opinion: Governance-token airdrops do not threaten DeFi decentralisation

An airdrop of Uniswap's governance tokens is a good example of rewarding users for participating in early testing of the project. This view was expressed to ForkLog by Waves Technologies evangelist, co-founder of the Neutrino and Gravity protocols, Alexey Pupyshev.

AI translated

ForkLog 25 12.10.2020

DeFi project Aave raises $25 million for institutional lending development

The lending protocol Aave raised $25 million in funding from Blockchain Capital, Standard Crypto, Blockchain.com and several other firms.

AI translated

ForkLog 7 12.10.2020

WLEO token plunges to near zero after hack enables unlimited minting

On October 11, attackers targeted the Wrapped LEO (WLEO) contract and drained $42,000 in crypto assets from the Uniswap pool. The vulnerability they discovered allowed them to mint WLEO tokens that could be exchanged for ETH. Details of the incident are described in the Leo Finance decentralized protocol blog.

AI translated

#DeFi