At press time, ADA was trading near $1.36, a 10.6% fall in the last 24-hour. Scaling solution Polygon's MATIC token fell 6% even as the network implemented Ethereum's fee-burning mechanism, which will destroy MATIC tokens making its supply deflationary. Solana's token SOL, binance token BNB, and ether each fell over 2%, while bitcoin traded 1% lower near $41,200, according to … [Read more...] about Cardano’s ADA Token Leads Crypto Majors Lower, Bitcoin Nears $41K as Bond Yields Rise
Yields
Deriving High Yields From Decentralized Derivative Markets
When compared to other decentralized derivative systems such as Perpetual Protocol and DYDX, Qilin stands out for its innovations, while staying true to the ethos of decentralization. Its liquidity design is peer-to-pool, rather than a virtual automated market maker (vAMM) or even a centralized order book, while the liquidity providers are token holders not approved market … [Read more...] about Deriving High Yields From Decentralized Derivative Markets
Coinbase Offers Access to DeFi Yields With DAI and Compound
“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
Bitcoin slumps as Treasury yields and the dollar rise again
The price of Bitcoin (BTC) is struggling to break past $51,000 on March 8 as the U.S. Treasury yield is rising again, while the U.S. Dollar Index (DXY) is at the highest levels in over three months.The global stock market, including equities in the United States and Asia, has pulled back in tandem as the U.S. Senate's stimulus approval has sparked inflation fears.BTC (orange) … [Read more...] about Bitcoin slumps as Treasury yields and the dollar rise again