DeFi oracles, explained
The oracle problem and latency are the major risks of running oracles on a blockchain. The oracle problem arises due to a trust conflict that...
Tag : Compound
DeFi users turn to USDC stablecoin to earn high-yield interest — Data shows
Data from on-chain analytics firm, Flipside Crypto, reveals that members of the decentralized finance (DeFi) ecosystem are turning to USD Coin USDC in order to...
Network Effect at Risk? Why 50% of DAI Locked in Compound Is a Concern
Data from blockchain intelligence firm Flipside Crypto show that 50% of DAI, Maker’s decentralized stablecoin, is now on Compound (COMP). While the figure seems a...
Yield Farming Fuels Buzz Around DeFi, but Fundamentals Are Lagging
The hype surrounding decentralized finance is sometimes credited with triggering a wider market rally in July, as new protocols began releasing tokens that were immediately...
As DeFi Booms, Yearn Finance (YFI) Shifts 100% of Token Supply to Users
As Decentralized Finance protocols continue to grow on all fronts, their infrastructure grows alongside them. While the total value of USD locked in DeFi recently...
Maker’s Value Locked Breaches $1B Ceiling, but There’s a Caveat
MakerDAO (MKR), the foundational protocol of decentralized finance on Ethereum, hit a new all-time high in the total value locked in its vaults. According to...
Five dead, dozens arrested after church hostage drama in South Africa
At least five people were left dead and more than 40 arrested after a church hostage drama unfolded on Saturday at the International Pentecostal Holiness...
Hacker Steals Balancer’s COMP Allowance in Second Attack Within 24 Hours
We recently reported that the Balancer DeFit protocol suffered a $500,000 attack. Less than 24 hours later, a second attack claimed about $2,300 worth of...
COMP Token Spikes 25% on Surprise Binance Listing
The price of the Compound Governance Token (COMP) has jumped by one-quarter on news of a surprise listing on leading cryptocurrency exchange Binance. COMP tokens...