Ethereum Watch

Key Takeaways Strong pullbacks in the price of governance tokens signal that the DeFi bubble has burst.  The annual percentage return (APR) on DeFi platforms has dropped significantly since September.  The total value locked (TVL) in DeFi has turned south, currently testing $10 billion as support.  Share this article Falling yields and demand for popular […]

Key Takeaways Their are five pillars making up the Flamingo Finance ecosystem: Wrapper, Swap, Vault, Perp, and DAO. Despite how lucrative its Mint Rush event was, the protocol quickly faltered under the duress of heavy traffic. The rocky start for the Chinese DeFi protocol has kept Flamingo from major adoption, but it’s still early days. […]

Ethereum topped near the $370 resistance and declined sharply against the US Dollar. ETH price is showing bearish signs below $355 and it might continue to move down. Advertisements ETH price started a fresh decline after it failed to clear $370-$375 against the US Dollar. The price is now trading below the $355 support and […]

Leading decentralized finance (DeFi) coin LEND, the native token of the Aave protocol, is up 5% in the past 24 hours. Its performance comes as the prices of both Bitcoin and Ethereum have stagnated. Advertisements LEND’s outperformance seems to stem from a crucial technical change to the Aave protocol and the cryptocurrency itself. This technical […]

Chainlink’s recent price action closely resembles a sharp pullback in Ethereum in 2017 during the crypto market bull run. If the booming decentralized oracle token continues to follow the top altcoin’s previous trajectory, $75 per LINK token might be possible as its next major peak. Advertisements Chainlink Price Action Matches Another Top Altcoin’s Crypto Bubble […]

Key Takeaways Zapper is the perfect tool for LPs, but doesn’t have integrations across DeFi’s various verticals. Zerion, on the other hand, doesn’t have comprehensive integrations in a single vertical, but allows its users to interact with a select few protocols in each sub-niche. Overall, the decision of choosing Zapper or Zerion depends on a […]

Key Takeaways The KuCoin hacker stole $150 million in customer funds, pushing some projects to freeze stolen tokens. Tether’s decision to freeze funds came as no surprise, but projects that claimed to be decentralized have done the same. Ocean Protocol took the Ethereum approach of hard forking the protocol from a block before the hack […]

Key Takeaways Decentralized exchanges are still rife with various imperfections including slippage and impermanent loss. Chinese crypto project DODO hopes to resolve some of these shortcomings with its novel “Proactive Market Maker” algorithm. The platform is nascent, and has yet to prove the test of time like incumbents Uniswap and Curve. Share this article Though […]

Share this article “Decentralized stablecoin is an oxymoron,” tweeted crypto analyst Loomdart. The dominance of centralized stablecoins like USDT and USDC on DeFi platforms poises grave risks for the entire niche. Instances of Centralized Control  Tether Limited is the issuer of the largest stablecoin in the crypto space, USDT. It is a U.S. dollar-pegged cryptocurrency […]

Ethereum is recovering nicely above the $350 resistance zone against the US Dollar. ETH price is likely to accelerate higher if it settles above $362 and the 100 SMA (H4). Advertisements ETH price started a decent recovery wave from the $310-$315 support zone against the US Dollar. The price is now trading above the $350 […]