“Today we’re introducing a new way for Coinbase’s global customers to put their crypto to work and earn yield. We are making DeFi more accessible, enabling eligible customers in more than 70 countries to access the attractive yields of DeFi lending on their Dai with no fees, lockups, or set-up hassle,” the Coinbase blog says. Source link … [Read more...] about Coinbase Offers Access to DeFi Yields With DAI and Compound
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Data shows how Aave overtook Compound in DeFi lending
In an industry with plenty of fast ascents and precipitous falls, many wondered whether the platform had the staying power to remain a central institution in DeFi lending.Nearly 2 years later, Aave is still going strong, especially in relation to its one-time close rival. This article will take a closer look at the two platform’s strengths and weaknesses and explain why Aave … [Read more...] about Data shows how Aave overtook Compound in DeFi lending
$66M in Tokens Added to Recently Hacked, Still Vulnerable Compound Contract
A faulty Compound Finance contract intended to disburse liquidity mining rewards over time has been topped off with $66 million - and counting - in tokens on Sunday morning.Over a quarter of those funds may have been exploited due to the same bug that drained $80 million in tokens throughout the latter half of last week, per one DeFi developer.Read more: DeFi Money Market … [Read more...] about $66M in Tokens Added to Recently Hacked, Still Vulnerable Compound Contract
DeFi resurgence lifts Maker, Aave and Compound price to new highs
Analyzing the activity on lending platforms can sometimes be used as a barometer for measuring the sentiment of the cryptocurrency market as a higher number of collateral-backed loans may signal that traders are eager to trade a rising market. The month of April saw the total value locked on Maker (MKR), Aave (AAVE) and Compound (COMP) climb to new highs alongside rising token … [Read more...] about DeFi resurgence lifts Maker, Aave and Compound price to new highs
Celer (CELR), Cartesi (CTSI) and Compound (COMP) rally as DeFi heats up
Bitcoin bulls are still struggling to push the price to a new high but the positive sign is that BTC has not corrected sharply in the past few days and the top-ranked cryptocurrency has held a market capitalization above $1 trillion since March 26. While many are wondering what Bitcoin’s next move will be, a Bloomberg Intelligence report by senior commodity strategist Mike … [Read more...] about Celer (CELR), Cartesi (CTSI) and Compound (COMP) rally as DeFi heats up