Decentralized exchange CoFiX, which aims to offer more accurate and less costly trading with a new oracle solution, has raised half a million dollars from several crypto investors including Huobi’s DeFi Labs, Dragonfly Capital and Coinbase Ventures. Many existing decentralized finance (DeFi) platforms such as UniSwap and Compound use oracles that fetch external data from centralized exchanges and other DEXs to provide price feeds on-chain. This […]
DEX
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Curve, the robot decentralized exchange for stablecoins, is kicking off a new dividend program for holders of its governance token, CRV. “We’ll start moving towards a cashflow-based protocol because the numbers are too sweet to not do it,” Curve founder Michael Egorov told CoinDesk in an email. In order to participate in governance, users need to stake their CRV to the voting contract, exchanging CRV for […]
ParaSwap has raised $2.7 million in seed funding from 32 investors including Blockchain Capital, Alameda Research, CoinGecko and more. Source link
Within a week of going online, DeFi project SushiSwap’s total value locked (TVL) surpassed $1.5 billion. At its peak, it made up almost 70% of liquidity on the decentralized exchange Uniswap. SushiSwap only took seven days to launch. This article was originally published by CoinDesk China on Tuesday. SushiSwap co-founder 0xMaki (later referred to as Maki) once proudly said, “It took Uniswap two years to get to […]
Markets excited by the prospect of declining ETH fees may have caused a surge in 0x, an Ethereum-based DEX that will benefit from decongestion. Source link
Launched by software engineers from Porsche and NEAR Protocol, 1inch has raised $2.8 million in a funding round led by Binance Labs. The platform was launched at the ETHGlobal hackathon last year as a liquidity aggregator connecting multiple decentralized exchanges (DEXs). This summer, it reported passing $1 billion threshold in the total volume of tokens going through its smart contracts. Investors in its funding round, announced […]
New research shows certain wallets are vulnerable to a quasi double-spending attack, a federal appeals court effectively said blockchain data is not protected under the Fourth Amendment and more. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Law of the LandThe […]
One of the newer entrants to the decentralized finance (DeFi) space, Curve, is riding the wave of demand for the freshly issued Compound governance token, COMP, which has surged to a $774.3 million market cap since first being distributed on Monday. Curve is an automated market maker devoted exclusively to stablecoins. On Sunday, it saw $3.5 million in daily trading volume, according to its self-reported stats. […]
Synthetix is putting over $40,000 in crypto on the line to entice users to try out the faster beta of its decentralized exchange (DEX). “While DEXs offer significant improvements over CEXs [centralized exchanges] in terms of safety of funds and transparency, there is typically a painful trade-off on transaction speed,” Synthetix CEO Kain Warwick told CoinDesk in an email. It doesn’t cost anything more than a […]