For decades, humans have been starved for options when it comes to availing of financial services. With DeFi, this comes to an end. While DeFi doesn’t remove the existing system, it offers users of financial services an improved and...
The largest hack in the history of DeFi has hit cross-chain protocol Poly Network, a development that has seen the firm lose $612 million in multiple cryptocurrencies. “We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum...
USDT is a popular stablecoin that is pegged to the dollar and largely free from the volatility that is common in major cryptocurrencies. Volatility has become an issue in the crypto realm, which has discouraged potential crypto users from...
Since the inception of Bitcoin more than a decade ago, the crypto and blockchain industry has come a long way. Before we were introduced to them, the financial sector relied on banks as central authorities to ensure the safety...
NFTs have taken the digital art and collectibles niche by storm. While the first-ever NFT, Quantum was created by Kevin McCoy on May 3, 2014, it was only in 2020 that NFTs caught mainstream attention. In 2020 and 2021,...
Telling some centralized or traditional finance enthusiasts to embrace cryptocurrencies can be likened to advising them to bear the burdens of Hercules on their shoulders. Many tend to look at some of the issues plaguing crypto, and volatility is...
Introduction The DeFi space has grown immensely in the past few years. The growth of DeFi has led to the launch of many DeFi protocols offering different financial services like lending/borrowing, derivatives, and payments. While lending platforms like Maker...
Binance Chain and Binance Smart Chain are different blockchains belonging to the same ecosystem. Binance Coin (BNB) is the native token of the Binance ecosystem. Binance Chain was an earlier version that was fraught with issues that undermined the...
Yield farming is one of the most trending topics in the world of DeFi. While the DeFi summer is known for the surging prices of DeFi tokens, it is yield farming that provides the most value in the DeFi...
TLDR: Decentralized Finance (DeFi) is a growing industry that promises to disrupt Traditional Finance (TradFi). DeFi is a set of decentralized, permissionless protocols that provide financial services without a middleman or central authority to facilitate operations. There is a...
