Osmosis relies on smart contracts instead of middlemen to execute trades between users. Much of its value proposition, however, arises from its future plans. The DEX aims to expand to other blockchains, such as Ethereum, as well as blockchains compliant with the Inter-Blockchain Communication (IBC) protocol. Source link … [Read more...] about Cosmos-Based Exchange Osmosis Crosses $1B in Locked Value
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DeFi Protocol Convex Finance Crosses $20B in Locked Value
To solve this problem, Convex pools all user assets together so that it can purchase curve tokens, convert them into veCRV, and maximize rewards for its liquidity providers. This allows Convex users to receive Curve rewards without locking up curve tokens for lengthy periods. Source link … [Read more...] about DeFi Protocol Convex Finance Crosses $20B in Locked Value
Nervos enters DeFi arena with ‘Yokaiswap,’ $70 million locked up on first day
Nervos today announced that “YokaiSwap,” a decentralized trading platform, is now live on the mainnet. YokaiSwap is the first decentralized exchange (DEX) built on Nervos, marking an important step for the network’s development as emerging projects begin building and launching decentralized apps (dApps) within the ecosystem.As DeFi continues to take off and crypto users move … [Read more...] about Nervos enters DeFi arena with ‘Yokaiswap,’ $70 million locked up on first day
There’s over $4.2 billion locked in Ethereum layer-2 protocols
According to data from analytics platform L2BEAT, there has never been more value locked in Ethereum’s layer-2 scaling solutions.With increasing gas fees driving the adoption of networks such as Arbitrum, Optimism, and Loopring, layer-2 TVL increased by more than 44% in less than a month.Users pour their money into L2s as Ethereum fees skyrocketWith the average transaction fee … [Read more...] about There’s over $4.2 billion locked in Ethereum layer-2 protocols
Locked In: Bitcoin’s Taproot Upgrade Gets Its 90% Mandate
Finally, in November, when Bitcoin reaches a specified "block height" (Bitcoin block 709,632), Taproot will activate; that is, the Bitcoin Improvement Proposals (BIPs) relevant to Taproot and contained in Bitcoin Core 0.21.1 will automatically kick in. At that point, all upgraded nodes and devices will be able to recognize and accept transactions made using that upgraded … [Read more...] about Locked In: Bitcoin’s Taproot Upgrade Gets Its 90% Mandate