The Bitcoin (BTC) network uses a proof-of-work (PoW) consensus protocol to secure the network, which means network participants can earn mining rewards (if they choose to mine the digital currency), but they can’t earn staking rewards natively.
Fortunately, for BTC holders who would like to earn staking rewards on their bitcoin investment, you can tokenize your coins into Wrapped Bitcoin to earn staking rewards in the Ethereum (ETH)-based DeFi ecosystem. …
Read More: How to Stake (Wrapped) Bitcoin: A Beginner’s Guide…
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Olga Ortega, the co-founder and CPO of the real-time DeFi explorer AnalytEx by HashEx._______
Currently, there are many decentralized protocols and their use cases, and not everyone is well-versed in the terminology of DeFi to start working with protocols right away. It requires a certain level of knowledge – that is why today we start with figuring out what a liquidity pool or a farm is. …
Read More: What are Pools and Farms of DeFi Protocols?…
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Several DeFi tokens, including Aave and Lido, have shown strong gains following increased on-chain user activity….
Continue reading on https://decrypt.co/104692/defi-tokens-aave-lido-rally-alongside-ethereum-recovery
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The self-doxxed DeFi entrepreneur Jason Stone alleges that Celsius used customer funds to manipulate markets….
Continue reading on https://decrypt.co/104681/keyfi-ceo-behind-0xb1-twitter-account-sues-celsius-for-ponzi-scheme
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The proposal now goes to the Aave DAO for a vote….
Continue reading on https://decrypt.co/104642/defi-aave-stablecoin-gho
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Chandler De Kock is Growth Strategist at UMA, an optimistic oracle built for Web3.
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It’s easy to get caught up in the chatter and concern that erupted in recent weeks around the collapse of TerraUSD stablecoin and then the latest round of losses that has set off job cuts and extreme market conditions throughout the broader crypto and [decentralized finance] DeFi ecosystems….
Read More: Bull or Build, There is No Bear…
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Decentralized finance (DeFi) protocols “don’t need to get bailed out,” and were “designed specifically to avoid this bullshit,” the founder of DeFi protocol Compound (COMP), Robert Leshner, has said.
Discussing the troubles currently faced by centralized crypto lenders like Celsius (CEL), Voyager Digital, and BlockFi in a recent episode of the Unchained Podcast, Leshner said that the companies are all in trouble because of the way they are operated….
Read More: DeFi is ‘Designed to Avoid This Bullshit,’ Compound Founder Says About Crypto Bailouts…
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Hackers and fraudsters stole a total of USD 670.7m from various crypto protocols during the second quarter of the year, according to a report by major bug bounty and security services platform Immunifi….
Read More: Hackers Stole USD 670M from DeFi Projects in Q2, Up by 50% from Q2 2021…
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“If any part of their business model incorporates centralization <…> then it is centralized no matter what other decentralized features it deploys.”
“It is vital that people understand how the assets they are pledging to a centralized entity are being used.”
‘“If users demand more decentralization within crypto lending they simply have to vote with their funds by moving them.”_____…
Read More: DeFi Suffers from Too Much Centralization, What Can Be Done?…
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The Ronin bridge is back online more than three months after attackers completed one of the largest DeFi heists to date….
Continue reading on https://decrypt.co/103999/axie-infinitys-ethereum-bridge-back-online-after-622m-hack
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