Badger DAO is yet another interesting DeFi project that seeks to accelerate the use of Bitcoin in DeFi. Read on to learn all about Badger DAO and its BADGER token!
A few decades ago, the traditional finance field looked more or less like it had always done. However, innovations in technology, payment processors, and applications have now made it possible for centralized finance (CeFi) and decentralized finance (DeFi) solutions to offer the same services historically offered within traditional finance.
There are hundreds of new decentralized finance (DeFi) applications popping up, with new utility tokens, crypto launchpads, and non-fungible tokens (NFTs) among some of the most popular trends in 2021 so far. Nord Finance is focusing on creating additional utility and profitability to stablecoins, a seemingly less exciting form of digital assets compared to their more volatile cryptocurrency counterparts. Nevertheless, stablecoins play a vital role in the cryptocurrency infrastructure and are often a key part of any crypto investment portfolio. The Nord Finance ecosystem and its native NORD token are allowing users to stake, farm, and earn high interest on a range of stablecoins. Moreover, this is achieved by minimizing risk whilst maximizing rewards.
The decentralized finance (DeFi) sector is arguably hotter than ever, and has grown at a tremendous rate in the past year. In fact, the DeFi industry has grown from around $1 billion in Total Value Locked (TVL) in March of 2020, to around $38 billion as of today, according to DeFi Pulse. This highlights how the DeFi industry is one of the hottest trends in crypto and how money is pouring into the sector. Not only has the amount of money locked in DeFi projects increased, so has also the number of decentralized applications and solutions. However, the sheer number of various alternatives creates problems for users, as functionality becomes spread out across many different platforms. To make the users’ lives easier, we have been provided with a solution in the form of Instadapp.
You might be forgiven for thinking that food-themed cryptocurrencies were just a ‘flash in the pan’, so to speak. To an extent, you may have even been correct. The yield farming frenzy during Summer 2020 produced several food-based yield farming protocols and tokens. PancakeSwap is a decentralized cryptocurrency exchange (DEX) built on Binance Smart Chain (BSC), powered by the BEP-20 Pancake token (CAKE). The CAKE token is one of several tokens used within the PancakeSwap protocol and made available for token swaps. Similar to Uniswap, PancakeSwap is an automated market maker (AMM) and decentralized application (dApp) that features liquidity pools where users can earn fees from staking, lending, and yield farming.
Fans of decentralized finance (DeFi) who are familiar with a particular children’s book series following the adventures of a young wizard may be pleased to hear that Alpha Homora is aiming to bring the magic back to DeFi. Launched by Alpha Finance Lab on Ethereum mainnet and powered by the ERC-20 ALPHA token, Alpha Homora is a leveraged liquidity and yield farming protocol. Coincidently, “Alohomora” is a spell in the Harry Potter universe for unlocking doors and windows. This begs the question, could Alpha Homora “siriusly” be unlocking the power of DeFi? Also, how many Harry Potter puns can we “Slytherin” to this article?
Reef Finance aims to make DeFi easy for everyone by providing a multi-chain on-ramp for yield optimization, protocol and liquidity aggregation, and proprietary analytics. Powered by Polkadot, Reef aggregates liquidity from both decentralized exchanges (DEXs) and centralized exchanges (CEXs) to provide reliable liquidity. Furthermore, Reef is lowering the perceived technical barrier into DeFi by serving a simple, all-in-one DeFi solution. Also, the REEF token plays a key role in the Reef Finance ecosystem, but what is Reef Finance?
SuperFarm is a decentralized DeFi protocol, complete with a cross-chain platform for NFT farming, and it promotes token utility. That might sound like a mouthful, but don't worry. If you're new to crypto, we'll explain what all of that means. And since we know all about the many decentralized finance (DeFi) platforms and protocols out there, we'll also explain what makes SuperFarm different.
Since the 2020 Christmas airdrop of the 1INCH token, 1inch Exchange has gained great popularity among users of decentralized finance (DeFi). The decentralized exchange (DEX) aggregator made a name for itself after tackling the issue of high slippage for traders and arbitrageurs profiting at the expense of liquidity providers (LPs). With the addition of the Mooniswap automated market maker (AMM), 1inch Exchange seems to be expanding into new territory. But, what is 1inch Exchange, and why is it becoming so popular?
On-chain analysis is one of the most interesting emerging fields in crypto. Moreover, while there are many firms offering blockchain data analysis today, there are a few things that make Dune Analytics unique.