online resources

These DeFi tokens Maker [MKR], Compound [COMP], CAKE are taking traders back to spring of 2017

Circa 2017, Bitcoin’s bull run triggered an altcoin rally; XRP, ETH, BCH, LTC, ADA, offered double-digit returns to HODLers and traders within a short-term, less than a month. The current rally of some DeFi tokens – UNI, LUNA, AAVE, MKR, COMP is taking traders back to the spring of 2017. It has been noted that […]

Continue Reading These DeFi tokens Maker [MKR], Compound [COMP], CAKE are taking traders back to spring of 2017

Altcoins rally as analyst warns Bitcoin is in the ‘$50K – $60K twilight zone’

Ether, MKR and SOL rally to new all-time highs, while Bitcoin's price is stuck in what one analyst says is a range dominated by bots. Bitcoin (BTC) price is still stuck in what traders hope will be a short-term downtrend as the impact of the April 18 rumors of a crackdown on “unnamed financial institutions” for facilitating money laundering using cryptocurrencies have yet to be shaken off.  Data from Cointelegraph Markets and TradingView shows that since being pummeled below the $51,000 level on April 18, the price of BTC has been trading in a range between $52,500 and $57,500 and establishing…

Continue Reading Altcoins rally as analyst warns Bitcoin is in the ‘$50K – $60K twilight zone’

Shift toward full decentralization pushes Maker (MKR) price above $4K

Maker price rallies to a new all-time high as the MakerDAO community makes preparations to become fully decentralized. Stablecoins have become a significant foundational piece for the cryptocurrency sector because they serve as a deeply liquid base pair for most assets and also offer investors a secure place to capture gains. Data also shows that stablecoins play a significant role in functioning as a gateway for capital inflow to the crypto ecosystem. While the largest stablecoins in the market are currently controlled and issued by centralized entities like Tether or Circle, DAI and its issuer Maker (MKR) is one stablecoin…

Continue Reading Shift toward full decentralization pushes Maker (MKR) price above $4K

Dogecoin (DOGE) and Maker (MKR) soar as the altcoin market cap tops $1T

Dogecoin and Maker stole the spotlight as the hype around COIN faded and Bitcoin consolidates near $63,500. Now that the Coinbase (COIN) stock listing is out of the way, the focus of traders has shifted back to the crypto market as Bitcoin (BTC) price works to regain its footing above $63,000 and altcoins move higher. After reaching a new all-time high near $65,000, BTC price dipped below $62,000 before finding a bit of momentum in the range which one fund manager called a “great opportunity to buy.” Data from Cointelegraph Markets and TradingView shows that Bitcoin has steadily climbed higher…

Continue Reading Dogecoin (DOGE) and Maker (MKR) soar as the altcoin market cap tops $1T

How are DeFi tokens MKR, UNI impacting markets this week?

With the alt rally kicking in, the top 25 altcoins are rallying towards local ATH or discovery beyond their new ATH. At the same time DeFi tokens like Cosmos (ATOM), Uniswap (UNI), Compound (COMP), Aave (AAVE), Sushiswap (SUSHI) are rallying and offering over 5% daily returns. The 24-hour trade volume on top spot exchanges has […]

Continue Reading How are DeFi tokens MKR, UNI impacting markets this week?

DeFi tokens are oversold but revenue and TVL show traders expect a bounce

The pullback in the value of Yearn.finance and Aave signals that the DeFi market may be oversold but increasing revenues of the top projects suggests otherwise. Over the last month the crypto market has seen a significant amount of volatility as a 6-month altcoin bull market abruptly came to an end with the most recent Bitcoin (BTC) price rejection at $12,000. At the same time, the DeFi sector saw an amazing run as the total value locked in DeFi platforms surged above $10 billion but at the time of writing the sector is in the midst of a mild correction.…

Continue Reading DeFi tokens are oversold but revenue and TVL show traders expect a bounce

Did a class-action suit play a role in Maker’s refusal to compensate March crash victims?

The community had originally voted in favor of compensation, but the final tally showed a different outcome. After multiple rounds of voting and heated discussion, the final vote to compensate losses for Maker (MKR) users that were liquidated “unfairly” during the March crash failed. About 52,500 MKR voted against any compensation, which accounted for 65% of the total votes. This amounts to about 8% of the total MKR supply, which some commentators took as a sign of low turnout. Nevertheless, Maker community member monetsupply, who was part of the working group designing the compensation proposal, told Cointelegraph that this was…

Continue Reading Did a class-action suit play a role in Maker’s refusal to compensate March crash victims?

Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism

Large Makerdao holders decided not to compensate the victims that were liquidated during the unexpected flash crash that took place on March 12, otherwise known as ‘Black Thursday.’ An aggregate total of 38 votes was cast and more than 65% of the governance portal participants voted for zero compensation. The day after March 12, otherwise known as ‘Black Thursday,’ the Makerdao project made headlines after between $4 to $6 million worth of the stablecoin DAI was left underwater due to an auction failure. A vote held this Tuesday indicates that the Makerdao project doesn’t plan to compensate any of the…

Continue Reading Makerdao Vote to Not Compensate Black Thursday Victims Receives Harsh Criticism

Over 15% of ETH Supply Locked in Smart Contracts, BTC Dominance Declining

The rapid growth of decentralized finance (defi) protocols is contributing to the increasing proportion of ETH supply that is now locked in smart contracts. More than 15% of the total ETH supply is now locked, compared to 11.5% from a year ago. This growth led to the inevitable decline of BTC dominance. According to a report, over 5% of ETH is locked up in the WETH (wrapped ether) smart contracts, enabling it to interact with other tokens more easily. Most of this WETH has then been locked up in defi contracts, including Maker, Uniswap, and Balancer. The report also notes…

Continue Reading Over 15% of ETH Supply Locked in Smart Contracts, BTC Dominance Declining

Maker seemingly gives up on Dai peg as interest rates are raised above 0%

It seems zero interest rates were not enough to keep DAI stable. A MakerDAO (MKR) governance proposal enacted on Tuesday set interest rates on most assets, with the notable exclusion of Ether (ETH), back above 0%. According to Daistats, interest rates for the USDC-A, WBTC and other minor vaults are now back to being at 2%, meaning that the protocol is once again collecting revenue for those who borrow DAI against these assets. Lowering interest rates is generally seen as a way of stimulating DAI creation, which is supposed to lower its price to its intended $1 peg. While Cointelegraph…

Continue Reading Maker seemingly gives up on Dai peg as interest rates are raised above 0%

Maker community thanks yEarn for seemingly restoring DAI peg

A massive yield farming strategy finally provides a mechanism to push the DAI price down. A new vault launched on yearn.finance is being credited for finally restoring the peg of Dai (DAI), the algorithmic stablecoin of the MakerDAO (MKR) project. As Cointelegraph previously reported, Maker had struggled with maintaining a strict $1 peg for DAI since the start of the yield farming wars in June.  Though it’s had ups and downs, the price of DAI consistently hovered around $1.02 in the past 30 days. As of press time, the price came down to $1. The community is crediting the yearn.finance…

Continue Reading Maker community thanks yEarn for seemingly restoring DAI peg

Money Market Protocol Aave Settles $300 Million in Defi Flash Loans

This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time soon. In just a short period of time, the Aave protocol (the Finnish word for “ghost”) has seen enormous demand. Essentially, Aave is a decentralized finance (defi) protocol that currently has 19 supported tokens including ethereum (ETH). To-date the total-value locked (TVL) is around $1.5 billion at the time of…

Continue Reading Money Market Protocol Aave Settles $300 Million in Defi Flash Loans

Ethereum’s Vitalik Buterin’s call to fork Maker, does it make sense?

Ethereum has been a hotbed for emerging crypto projects like DeFi and yield farming. However, Vitalik Buterin seems to think that forking Maker is the best idea going forward. Maker was one of its kind when launched during the mania of 2017 and turned the game sideways. Maker’s governance protocols allowed people to vote to decide, this was embracing decentralization at its core, however, there were flaws. Recently, Vitalik Buterin tweeted about forking Maker and has some thoughts on it. All I want for defi is for someone to fork Maker, rip out the governance and replace it with automated…

Continue Reading Ethereum’s Vitalik Buterin’s call to fork Maker, does it make sense?

Maker, Synthetix, Ethereum Price Analysis: 27 August

Synthetix is the only bullish crypto among the likes of Ethereum and Maker, with the latter two pointing to a bearish retracement on the charts soon. Ethereum’s development has been slow. However, altcoins like Synthetix and Maker are playing a crucial role in DeFi – a budding ecosystem. Ethereum [ETH] Source: ETHUSD on TradingView Stuck between the 200 and the 100 EMA, Ethereum was trying to wriggle its way out of this. However, considering the recent surge in value, the exit could be heading South. After a rejection at the hands of 100 EMA [Pink] the price was heading towards…

Continue Reading Maker, Synthetix, Ethereum Price Analysis: 27 August

Compound governance proposal seeks to end COMP yield farming craze

A Compound proposal could put a major dent in the profits for all yield farmers. A new Compound governance proposal from Gauntlet founder Tarun Chitra would see all future COMP token distributions locked in a vesting schedule.The proposal was submitted on Wednesday and outlines several ways that the vesting could be implemented. One would involve discrete vesting where the tokens could be claimed at periodic intervals, while another proposes “continuous vesting” that frees tokens gradually as they reach maturity.Either solution would be in stark contrast to how the reward system is set up right now, where the vesting time is…

Continue Reading Compound governance proposal seeks to end COMP yield farming craze

Aave Pulls Ahead Of MakerDAO In Most Collateral Staked On Ethereum

Aave pulls ahead of MakerDAO for the title of most collateral staked on Ethereum according to the reports by Defi Pulse so let’s find out more in today’s altcoin news. Aave now has $1.47 billion worth of crypto assets staked for credit lines while MakerDAO has about $1.45 billion in total value locked. Stani Kulechov said:  “Reaching the highest TVL was possible due to the wide range of developers building on top of Aave who are expressing their innovation in DeFi. This innovation has sparked interest from institutions [that] are now dipping their toes into Aave.” This is the second…

Continue Reading Aave Pulls Ahead Of MakerDAO In Most Collateral Staked On Ethereum

Ross Ulbricht Uses Snail Mail to Send Correction for Blog Post on MakerDAO

Getting all the facts right is hard, especially when you don’t have internet access. Ross Ulbricht, the founder of SilkRoad, has issued a short follow-up to his essay on MakerDAO (MKR) and how it could be redesigned and improved.The follow-up amounts to a small correction to an assumption he made earlier about the Maker system. In his essay, he was puzzled that the DAI Savings Rate, a reward for “staking” the stablecoin, was higher than what DAI minters paid as interest rate. Indeed this is not the case as the savings rate is obtained from stability fee payments. Raising it…

Continue Reading Ross Ulbricht Uses Snail Mail to Send Correction for Blog Post on MakerDAO

Maker MKR Token Jumps 40% But Analysts Say Correction Is Imminent

The Maker MKR token jumped by 40% recently but the altcoin seems like it’s ready for retracement despite the massive gains reached overnight. In today’s Maker MKR news we find out more about the price analysis. The DeFi market sector is booming and looking at the token rankings, we can see that the top 10 altcoins by market cap are posting massive gains except for DAI since it’s a stabelcoin. Among all of the surging cryptocurrency tokens in the DeFi space, Maker MKR token is up by 30% in the past day. Despite the significant bullish impulse that MKR went…

Continue Reading Maker MKR Token Jumps 40% But Analysts Say Correction Is Imminent

End of content

No more pages to load