Ethereum Watch

Advertisements Ethereum led the cryptocurrency market to enormous gains early in 2020 fresh on the heels of a booming DeFi industry, but concerns surrounding the coronavirus stopped the rally dead in its tracks.

Several DeFi projects have fallen to some exploit since the beginning of 2020. But instead of casting the entire sector aside as broken, some investors say that despite these failures, DeFi survived.  Advertisements And in a world full of shortsighted scammers and experiments, that’s very bullish. Did DeFi Survive?  Headlines surrounding the crypto market crash have dominated […]

A lack of Maker borrowers minting DAI to sell on the open market for a profit is causing the stablecoin to overshoot its peg. Advertisements Various initiatives are underway to bring the DAI peg price closer to $1, including unique experiments from the community. DeFi Users Ignore Maker Incentives MakerDAO’s stablecoin has lost its peg with the […]

Advertisements The cryptocurrency community isn’t buying a theory suggesting that a coronavirus-prompted recession will make Ethereum decentralized financial (DeFi) applications more popular. Investor Ryan Sean Adams made the case that efforts to mitigate the impact of an increasingly likely recession would create further confidence in Ethereum, driving DAI rates up and attracting “millions” of users. […]

Vega, a blockchain project building a decentralized protocol and infrastructure to run programmable financial markets, launched its testnet today. Advertisements Vega to Bridge DeFi and Traditional Finance As the DeFi sector continues to boom, Vega is seeking to create a more trading-focused platform to help close the gap between niche crypto speculating and professional market […]

Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, and Aave Protocol, an open-source and non-custodial protocol, are working together to bring wider adoption of Tether (USDT) to the nascent DeFi ecosystem. Advertisements Tether Wants its Share of the DeFi Market USDT is powering a variety of innovative DeFi lending projects. According […]

To answer the problem of slow adoption, an increasing number of companies have put their focus on bringing cross-chain liquidity to DeFi. Ren Protocol and Provable Things are two notable companies developing these advancements. Advertisements Last month, Ren Protocol introduced its cross-chain interoperability tool RenVM, while pBTC, an interoperability token aimed to bring Bitcoin’s liquidity […]

In the last 24-hours, $38 million of Dai were traded for Ethereum on decentralized exchanges and Coinbase. Moreover, a massive spike in Dai trading volume confirmed this pattern, suggesting that investors are bracing for further drops.A whopping ~$38M of $Dai traded for $ETH in the past 24hrs (v slightly above peg). Mostly on @dydxprotocol and […]

Advertisements A recent smart contract exploit resulted in the loss of 1,193 ETH. The incident has prompted questioning of the security of the rapidly evolving DeFi sector. Over the weekend, the exploitation of a smart contract vulnerability forced developers at Ethereum-based app Fulcrum to partially disable its smart contract. A recent postmortem of the security […]

The proliferation of DeFi protocols was the crypto story of last year. But how do the major token valuations compare? Advertisements Valuing DeFi Protocol Tokens DeFi protocols earn money by charging usage fees. The fees are distributed to token holders in the form of earnings or through burns that reduce the supply of tokens. Earnings […]