Interlay raises funds of $6.5 million. Funds to proceed for establishing BTC DeFi services. Interlay plans in bringing more affinity for BTC financially. The way Decentralized Finance (DeFi) has come forth upon the blockchain technology is indistinguishable. Being one of the most primitive attributes of blockchain technology, the DeFi sector
FTX, one of the world’s leading crypto derivatives exchanges, recently announced that it has become a member of the International Swaps and Derivatives Association (ISDA). The US subsidiary of FTX will work with the ISDA to build up the crypto derivatives markets in the US and around the world. The
In the defi economy, yield farmers lend or stake their crypto funds (cryptocurrencies or crypto assets) against interest to earn a profit – similar to banks in the traditional finance system. In 2020, a few risk-takers made vast amounts of money on Defi and Ethereum, earning 1000%+ APY on their
Avalanche continues to build strong momentum in the world of decentralized finance. Its overall Total Value Locked has risen sharply, making it the fourth-most valuable chain in DeFi. Moreover, the launch of the USDC stablecoin on this network will further enhance Avalanche’s appeal in this space. The Growth of Avalanche
Compound (COMP) gains more than 12% in 24 hours. Reaches price of $215.07 from low of $183.62. At the current pace, the COMP target will be $250. The Compound (COMP) is one of the most anticipated altcoin, based on the Decentralized Finance (DeFi) protocols. The native token of the Compound
ADASwap, who is the builder for the Cardano ecosystem, plans to set up the first DEX on the Cardano network. ADASwap is also launching a token sale on Cardstarter in efforts to raise funds from passionate investors and therefore be an enabler for sustainable growth of the Cardano network. Cardano
U.S Congress Financial Services department interiens deep into crypto space. A gathering of law makers and crypto people, CEOs of various top crypto firms discussed constructiveness towards crypto space. New laws in favour of crypto will be out soon. They say with the passage of time, time will heal everything.
Terra claims to be a viable alternative to fiat currencies. Chainlink’s decentralized oracle network provides vital off-chain information. Let us look at the top 3 DeFi tokens based on volume in the past 24 hours. Terra (LUNA) To provide price-stable worldwide payments, Terra uses fiat-pegged stablecoins. With the price stability
Parallel Finance is a Decentralized Money Market Protocol which empowers the users to possess easy access to the financial services. The institutional-grade lending platform is very determined to provide the new era for crowdloan through its innovative developments. As one of its achievements, Parallel Finance successfully completed its 4th round
Yield is everything when finding the best crypto-assets for your portfolio, and there is no substitute for BNBPeach.io. As always, let us not forget the power of blockchain, the magic of smart contracts, and lately, the growth of Binance Smart Chain (BSC) as fuel for the Dapp market. High-Yield Farming:
