DeFi Defensibility - How Decentralized Protection Works

DeFi Defensibility: How Decentralized Protection Works

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 Loan Attack – DeFi Hacking Explained

Flash Loan Attack – DeFi Hacking Explained

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

Decentralized Exchange (DEX) Explained

Decentralized Exchange (DEX) Explained Clearly

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

Binance Futures Volume Reaches Record $2.1 Trillion

Binance Futures Volume Reaches Record $2.1 Trillion

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

Binance Futures Contracts (USDT-Margin, Leveraged, Vanilla)

Binance Futures Contracts (USDT-Margin, Leveraged, Vanilla)

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

Crypto Lending Ultimate Guide to Decentralized Loans

Crypto Lending: Everything You Need to Know

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

Binance Futures Launch to the Moon

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

Binance Launches Ethereum 2.0 Staking

Binance Launches Ethereum 2.0 Staking

Binance Staking finally launched support for Ethereum 2.0 at the end of 2020. Now the staking service allows users to get exposure to ETH 2.0’s newly launched Beacon Chain. Initially, Binance will provide customers with an annual percentage yield of 20%, which starts high and drops with staked ETH. As you may know, the minimum … Read more

What is DeFi Yield Farming?

What is DeFi Yield Farming?

While Bitcoin is in the spotlight in November 2020 due to the incredible rally that pushed it closer to the all-time high than ever, DeFi tokens are still making headlines, and many of them are still performing well and are worthy of attention. In the present article, we’ll discuss the phenomenon of yield farming, which … Read more

What Are Synthetic Assets in Cryptocurrency Market

What Are Synthetic Assets in Cryptocurrency Market?

Synthetic Assets often referred to as synths, are a new trend in the crypto market’s Decentralized Finance (DeFi) sector, which is the fastest-growing niche within the crypto space. In the present article, we’ll define synthetic assets in the context of the cryptocurrency market and list the best platforms to create synths. The Origin of Synthetic … Read more