Decentralized Finance or DeFi can be defined as an ecosystem of financial applications that run on the blockchain (Ethereum, Binance Smart Chain, etc). DeFi enables traditional financial services: lending, borrowing trading, asset management; without a single entity having control over user-assets. According to DeFi Pulse, there are over $79.34 billion in total value locked in … Read more
Flash loans have gained popularity, however, that led to the unfortunate events of flash loan attacks. Flash Loan attack are an unfortunate reality of decentralized finance (DeFi). There have been numerous proposed solutions for flash loan attacks, however, there has not been a permanent fix To get a better understanding of flash loan attacks, today … Read more
What is a decentralized exchange (DEX)? First, you’ll first need to understand how cryptocurrencies work. You see, many cryptocurrencies are mined in one way or another. After they are mined, they can be used for a variety of functions, from voting rights to consensus, and most importantly, they can be traded, sold, or bought. The … Read more
DeFi Aggregator(s) essentially identify and share successful trading strategies with their users, who are able to adapt the combinations provided to them to their own DeFi trading strategy. Within them, all transactions, as well as combinations, are visible to users to follow them, and this leads to an open as well as a collaborative, and … Read more
Binance’s cryptocurrency derivatives platform, which revolves around futures contracts, continues to surge in popularity, especially thanks to an increased interest from retail traders. Many cryptocurrencies continue their bull run while Bitcoin is on hold. Despite Bitcoin’s underperformance, Binance’s futures trading platform saw record activity last month, processing $2.14 trillion in volume, up 54% from March, … Read more
GPU mining is this process where people who have mining systems that work through a graphics processing unit (GPU) can solve a complex map problem, which has the intention of solving and verifying electronic transactions. Miners that decide to participate can create digital coins, or get paid for the processing power itself. Crypto-mining originated with … Read more
Binance currently runs the largest derivatives platform in the world in terms of trading volume. In only three years, the futures platform has managed to become the unmatched leader, with approximately $40 billion in 24-hour trading volume as of today. In February alone, Binance Futures contracts handled more than $1.3 trillion in volume and hit … Read more
The main advantage of crypto lending. You can save currency, and earn interest on your stash of the coin in question, and it also enables borrows to unlock the value of their digital assets by using it as collateral for taking up a loan. If you ever decide to talk to someone who’s a crypto … Read more
Non-Fungible Tokens (NFT) are in a way the future of collectibles. They can represent just about anything, and one of the primary reasons why they are sought after by both individual traders, gamers, up to millionaires and celebrities is due to their scarcity as well as popularity. None of these tokens are the same, and … Read more
Binance Futures has experienced an incredible year in 2020, as Binance is looking to consolidate its position as the leading crypto futures exchange platform in 2021. The Binance Futures launch officially began at the end of 2019, it has managed to overcome the likes of BitMEX, which dominated the crypto futures and derivatives market up … Read more