The post Avalanche Lending Protocol BENQI Hits $1B in TVL Just Days After Going Live appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Avalanche lending protocol BENQI hits $1 billion in total value locked(TVL) just a few days after it went live. It’s worth noting that it took DeFi lending platform Aave (AAVE) 8 months to reach the billion-dollar mark. As explained by its creators, BENQI is an algorithmic liquidity market protocol.This Decentralized Platform has attracted $1B since …

May 12th, 2021 – Jenny, the first Metaverse DAO and social token on Unicly, has announced the completion of a $7 million pool led by prominent VCs Multicoin Capital, Ascensive Assets, Animoca Brands and Metapurse (by Metakovan). Funds will support Jenny DAO’s NFT collection on Unicly, the SushiSwap-based AMM for trading shared ownership in NFTRead More

NAOS Finance, one of the most exciting DeFi projects in 2021, recently announced that they successfully closed a private funding round, through which they raised $5.1 M from strategic investors. This success is an indication of investor confidence in the project as only a few projects have managed to raise such a huge amount.  The […]

Alpha Finance is an ecosystem of products focusing on interoperability, high returns, and low risk for users in the DeFi space. The decentralized finance (DeFi) space has expanded from mere simple token swapping platforms to complex offerings such as derivatives. But the problem is that most of these DeFi protocols are only cloning other more-reputable […]

The post What is Alpha Finance? New Multi-DeFi Products appeared first on Asia Crypto Today.

Yearn.finance’s YFI governance token has seen a strong rebound over the past 24 hours. Its price had previously been facing an unrelenting selloff that drove it down towards $13,000, but it has since formed a “v-shaped” recovery. The intensity of the rally seen over the past day has come about due to news of a […]

Over the past few years, Chinese authorities have undergone a strong crackdown on most things crypto in the country. Late last year, the...

Altcoins have performed extremely well in 2020, with a majority of reputable crypto projects easily outpacing Bitcoin. For instance, Ethereum is up 220...

In the traditional world of finance, risk management is a key aspect of any investor’s skillset. In crypto, it seems that investors throw...

A year or two ago, most decentralized finance (DeFi) protocols and their respective tokens were unknown. Save for Maker (MKR), there were few...

Almost all the best-performing altcoins of recent weeks have one thing in common: they’re all related to decentralized finance — often DeFi protocols...

This weekend’s epic crypto market momentum has been a remnant of the volatile action witnessed in late 2017. Ethereum has been in...

Over the past few weeks, there’s been a strong uptick in excitement about the Ethereum 2.0 upgrade. The excitement is surrounding the improvements the upgrade is expected to have on the Ethereum blockchain. At Token2049’s Ethereum Asia Supermeetup in March 2019, the blockchain’s enigmatic founder Vitalik Buterin told a crowd on the upgrade: “[It is] a way to bring technical improvements, like PoS and sharding, together to improve the Virtual Machine, Merkle Trees, the efficiency […]