Aug 31, 2022
The DeFi bubble burst this year. The prices of the coins have fallen, and so has the overall value locked up in those protocols. But that doesn't mean the apps stopped working. On the contrary, they kept working flawlessly during the last crash and are still raking in nice transaction fees. Which chains and apps are doing best in this respect?
Aug 30, 2022
Last week Trader Joe launched a new iteration of its trading platform, called Liquidity Book. Trader Joe is a decentralized exchange that is an example of Avalanche's (AVAX) thriving developer community. The new version proposes some interesting improvements for liquidity providers. Long story short, it will lead to higher fees and less risk of impermanent loss.
Aug 29, 2022
During the DeFi summers of 2020 and 2021, one thing became clear. If you are using a protocol early and to a certain extent good things may come to you. Many dApps opted to give their users an airdrop that is usually been given in the form of the protocol’s native token. The most famous and notable airdrops were those of Uniswap and 1Inch which brought a lot of attention and created wealth for all participants. How do you participate in an airdrop that might not even happen and why are there airdrops at all?
Aug 19, 2022
After the sanctions two weeks ago against mixer Tornado Cash, the discussion has flared up in the crypto world about how censorship-resistant crypto is. Addresses that were hit could no longer trade on Aave, for example. If it is already so easy to put down DeFi, what does this mean for the future of crypto? How censorship-proof are Ethereum and Bitcoin anyway?
Aug 12, 2022
MakerDAO is a decentralized stablecoin protocol that works fine. The protocol’s stablecoin is backed by digital assets like USDC. Recently it became clear that Circle, the issuer of USDC, would follow through and start to freeze funds on the Ethereum blockchain when the US Department of the Treasury sanctioned Tornado Cash. There is a huge debate going on whether this is a good thing or if a decentralized economy should be 100 % censorship resistant no matter what. Why is MakerDAO discussing turning in $3,5 billion USDC for Ethereum and is this a good idea?
Aug 07, 2022
An overwhelming majority of UNI holders are voting in favor of the pilot to introduce a fee switch. This means that in the future, Uniswap's liquidity providers may receive a fraction less of the transaction fees paid by traders. The money this would free up could be used for the development of Uniswap.
Aug 03, 2022
Terra wasn’t the only protocol that saw a stablecoin crisis. Waves also took a big loss one month prior in April when the stablecoin Neutrino USD (USDN) started depegging. Another consequence was a liquidity crisis for the DeFi protocol Vires Finance. Vires provides similar services as Aave or Compound on Ethereum. It seems that the community came to a resolution on how to deal with this situation and revive Vires Finance.
Jul 27, 2022
Stablecoins are facing a tough time in 2022. In May Terra failed and about $60 billion got lost within weeks. The aftermath of the crash is keeping the market and regulators still busy. Even established stablecoins as USDT and USDC came under scrutiny by investors, despite the fact that none of the rumors about their balance sheets have been proven so far. Curve DAO is developing its own stablecoin and it seems that its approach is very different from Terra and UST.
Jul 19, 2022
Lido announced that it will make it possible to trade a wrapped version of staked Ether (stEth) on Layer-2 solutions for Ethereum. This will make it cheaper for users to move around their stEth and, for example, generate yield on it.
Jul 18, 2022
Uniswap is the original decentralized exchange and still unique in a few ways. Besides being innovative - it will soon allow NFT's to be traded - it is conservative in another respect: the trading fees don't accrue to the holders of its coin UNI. Will this stay the same or will the so-called fee switch be enabled?
Jul 12, 2022
Terra crashed in May 2022 and while this statement is true when it comes down to the stablecoin TerraUSD (UST) the rest of Terra’s ecosystem on its blockchain survived. Among those survivors were lending protocols, NFT marketplaces, and NFT collections to just name a few examples. How did the remaining projects deal with the difficult situation and how are they going to continue?