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Shapeshift Reveals Platform Supports Unwrapped Swaps via Thorchain With No KYC

Just recently, Shapeshift founder and CEO Erik Voorhees published a blog post about a new project called Thorchain, a protocol that allows for decentralized exchanges without wrapping or bridging technology commonly used today. Thorchain launched on April 13, 2021, and the Shapeshift founder recently revealed his company is first to leverage the multi-chain protocol in order to provide decentralized swaps in a noncustodial fashion. Shapeshift Leverages Thorchain for Multi-Chain Unwrapped Swaps Back in September 2018, the popular trading application Shapeshift changed its business model to a mandatory membership program and users had to submit specific identity criteria in order to…

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As DeFi tokens surge, CRV indicates a bumper crop for ‘DeFi Summer 2.0’

The seasons are turning and the markets are shifting — could it be a strong summer for decentralized finance? Fire up your tractors: The farmer’s almanac of decentralized finance is indicating that DeFi Summer 2.0 could feature some healthy yields across the ecosystem.  Multiple common metrics used to gauge the health of the DeFi space are pointing toward a looming bull market, but perhaps most promising of all might be the surge in Curve’s CRV governance token price. Often referred to as one of the “backbone” protocols of DeFi, Curve is an essential tool for many retail and protocol-level yield…

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Coinbase Listed Storj, Ankr And Curve: What Does It Mean For Them?

Coinbase listed Storj, Ankr and Curve on its platform and they immediately surged by several percent upon the news but what function will they serve? Let’s find out in our Coinbase news today. US Crypto exchange Coinbase said it will list three altcoins in a move that will expectedly boost the prices of the listed coins. Coinbase listed Storj, Ankr and Curve in a wave of adding new cryptocurrencies to the list of offerings and also it is known for its strict compliance and regulatory stance:  “ANKR, CRV & STORJ are now live on Coinbase.com and in the Coinbase iOS…

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Here’s how Synthetix is tackling Ethereum’s congestion, high gas costs

Ethereum has been very popular this year, not usually for all the right reasons, however, since network congestion and high gas costs have often kept it in the limelight. While the reason for these issues accelerating was the boom in Decentralized Finance [DeFi] protocols on Ethereum, some projects have already started to work on a […] The post Here’s how Synthetix is tackling Ethereum’s congestion, high gas costs appeared first on AMBCrypto.

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Curve’s Governance Model Is A Threat For Other Tokens In DeFi

Curve’s governance model is a threat to other Defi tokens as the protocol’s governance tokens could bring huge profits but the liquidity providers don’t actively participate in the governance process which leaves decision making into the hands of the few powerful stakeholders so let’s find out more in our latest altcoin news. With the latest reward boosting the initiative that improved the situation, it doesn’t actually solve the fundamental governance problem. The non-financial incentives are quite important for building long-lasting decentralized communities. A few yield farming schemes over the summer have made a handful of users quite rich. When it…

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DeFi users turn to USDC stablecoin to earn high-yield interest — Data shows

Data shows DeFi platforms and their users are rapidly increasing their use of USDC stablecoin after Curve Finance launched. Data from on-chain analytics firm, Flipside Crypto, reveals that members of the decentralized finance (DeFi) ecosystem are turning to USD Coin USDC in order to interact with DeFi protocols either by earning high-yield income on lending protocols like Compound and Aave. Users are also providing liquidity to liquidity pools like Uniswap and Curve, the latter of which offers stablecoin to stablecoin trading. Following the launch of Curve’s governance token, CRV, on August 14, there was a surge in USDC on-chain activity.…

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Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade Volume

The decentralized exchange (dex) Uniswap has seen a massive amount of trade volume during the last seven days. Following Uniswap’s rapid increase in global trade volumes, the platform’s founder Hayden Adams celebrated the dex outpacing the centralized exchange Coinbase’s volumes this past weekend. News.Bitcoin.com recently reported on the decentralized finance (defi) economy’s total value locked (TVL) assets nearing $8 billion in value. While a mad rush toward defi coins and applications has been taking place during the last few months, dex trade volumes have been soaring. Data from Dune Analytics shows that close to $11 billion has been swapped on…

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Total Value Locked in Defi Jumped 85% in August, $8 Billion in Assets Held

A lot has changed during the last month, as the popular decentralized finance (defi) ecosystem has swelled considerably in value. Since the first week of August, the total value locked in defi jumped over 85% in 27 days from $4.2 billion to $7.88 billion on August 30. The total value locked (TVL) in the decentralized finance (defi) economy is nearing $8 billion in value, as crypto funds have poured into the surrounding infrastructure. Statistics from the website defipulse.com show that the current TVL on Sunday, August 30, 2020, is $7.8 billion. The defi lending platform Aave makes up 21.86% of…

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Curve Decentralization Flaw Comes Into Play as Founder Seizes 71% Voting Power

Decentralized finance (DeFi) platform Curve DAO has found itself in another controversy, as a recent ownership hijack is putting its decentralization in question. Michael Egorov, the company’s founder, announced on Telegram that he had taken 71 percent ownership of the DAO as a precaution against a possible attack. Curve’s Controversial Launch Curve functions as an Ethereum-based lending platform and liquidity pool. The platform operates two tokens — CRV, a governance token that holders purchase, and veCRV, a voting token created for voting on network proposals. Members can also use the veCRV to make proposals of their own. Curve DAO has had…

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Not So DeFi: Curve (CRV) Founder Takes Over 71% of Platform’s Governance DAO

The founder of DeFi platform Curve, a decentralized liquidity pool, took over 70% of the network’s voting power over the weekend. His move came as Yearn.finance, the yield farming app, attained over 58% of the voting power on the network. Founder Takes over Network It’s never a dull day in DeFi land. Over the weekend, Curve founderRead MoreRead More. The post by Shaurya Malwa appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Inter-Blockchain Liquidity: Minting Synthetic Bitcoin Cash With the Ren Protocol

The decentralized finance (defi) ecosystem has matured quite a bit in 2020 and one project that’s seen some growth is the Ren Protocol. The application that allows people to access inter-blockchain liquidity for a number of defi applications. The following post is a step-by-step guide on how to leverage the Ren Protocol with Bitcoin Cash and a Metamask wallet. This week news.Bitcoin.com tested the Ren Protocol, another decentralized finance (defi) application that has been making waves within the crypto community. This is because the total value locked (TVL) in the Ren-VM system right now is more than 12,600 BTC ($146…

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Yearn Finance Token Jumps 270% in 5 Days – Defi Token YFI Worth More Than a Single Bitcoin

Decentralized finance (defi) continues to make waves this week, as the Yearn Finance project token (YFI) jumped over 270% during the last five days. The digital token is worth more per coin than the price of bitcoin today, as the asset is currently trading for $15,934 per YFI. It’s very rare to see another token price higher than the price of bitcoin (BTC) but during the last five days, the Yearn Finance token (YFI) jumped well above the BTC price per coin. The project developed by Andre Cronje is a platform built on top of the Ethereum blockchain that allows…

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Ethereum Stars Aave and Curve Join DeFi’s $1B Total Value Locked (TVL) Club

Less than one month ago, Ethereum’s biggest dApp, the lending protocol MakerDAO, became the first DeFi project to manage over $1 billion in crypto assets. Now, two more projects have just crossed that impressive early milestone: Aave and Curve. For a time, it seemed lending protocol Compound might be the second to reach the $1 billion total value locked (TVL) mark, with TVL essentially meaning “assets under management.” Yet a flurry of recent developments around Aave and Curve propelled these projects past the line first. Aave Ascending Lending protocol Aave joined the $1 billion TVL club on August 15th on…

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Curve (CRV) Holders Can Soon 2.5x Their Rewards, Here’s How

Curve – the decentralized exchange for stablecoin trading – users will soon be able to accumulate voting power and increase their rewards by 2.5x after an implementation goes live later this month. Users with over 2,500 in “voting power” will be able to submit their own proposals while those holding lesser will still be ableRead MoreRead More. The post by Shaurya Malwa appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week

Years ago the cryptocurrency community did not have access to a plethora of decentralized exchanges (dex). In 2020 with the rise of Ethereum, dex platforms have grown exponentially with trading applications like Uniswap, 0x, Kyber, and more. Dex trading growth has spiked over 68% this week alone and during the last seven days, $2.4 billion was swapped on these exchanges. Onchain data from Dune analytics shows that more than $2.4 billion in decentralized exchange (dex) swaps took place last week and $448 million worth during the last 24 hours. Dex stats from Dune Analytics shows 24-hour dex volumes for Saturday,…

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Curve Finance Deploys CRV Token Under Controversial Circumstances

Curve Finance has just deployed its CRV token by an anonymous developer and later adopted the token as legitimate but the circumstances around it have been extremely controversial so let’s find out more in the upcoming altcoin news today. One of the most popular protocols in the Defi space, Curve Finance has seen its CRV token deployed by the anonymous developer who seems to have front-run their efforts. The team confirmed the legitimacy of the deployment and the further adoption while some exchanges such as Poloniex and Binance have already announced support for the token. Things happen fast in the…

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Curve, One of Ethereum’s Top DeFi Protocols, Launches Governance Coin

Just minutes ago, the team behind Ethereum DeFi’s Curve Finance protocol made a massive announcement: developers are rolling out the native governance token, CRV. In the project’s Telegram channel, the pinned announcement reads: “The Curve team is proud to announce that Curve Finance native token CRV has officially launched. CRV will reward liquidity providers in Curve pools.” The launch of the Ethereum-based token is already controversial as the contracts for the cryptocurrency were technically deployed many hours ago. During this period between the public announcement of the token and the deploying of the smart contracts, those with knowledge of Solidity,…

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Curve, One of Ethereum’s Top DeFi Protocols, Launches Governance Coin

Just minutes ago, the team behind Ethereum DeFi’s Curve Finance protocol made a massive announcement: developers are rolling out the native governance token, CRV. In the project’s Telegram channel, the pinned announcement reads: “The Curve team is proud to announce that Curve Finance native token CRV has officially launched. CRV will reward liquidity providers in Curve pools.” The launch of the Ethereum-based token is already controversial as the contracts for the cryptocurrency were technically deployed many hours ago. During this period between the public announcement of the token and the deploying of the smart contracts, those with knowledge of Solidity,…

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