Top venture capital firm Andreessen Horowitz looked at four key metrics for three cycles of cryptocurrency showing consistent growth. Venture capital firm Andreessen Horowitz thinks the past growth of social media, developers, prices, and startups among cryptocurrencies could mean a crypto cycle favorable to investors in the future. The United States-based company released a report […]
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Though cryptocurrencies are difficult to evaluate properly, DeFi protocol revenue allows stock market measures like P/E to be used. While it is difficult to define the intrinsic value of most cryptocurrencies, decentralized finance, or DeFi, tokens appear to be an important exception. As explained by Lucas Campbell, analyst at Fitzner Blockchain Consulting, in his Bankless […]
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Maker continues to garner criticism due to its onboarding of centralized collateral. The original MakerDAO (MKR) protocol shut down on May 12 at 4 PM UTC after an expedited shutdown procedure was initiated as a result of the Black Thursday events. With Single Collateral DAI, or Sai, only Ethereum (ETH) was usable as collateral for […]
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Paradigm has incubated its first crypto project — an Ethereum-based DeFi protocol promising fixed-rate lending and interest markets. A researcher from the crypto asset investment firm, Paradigm, has co-authored a whitepaper for a new decentralized finance, or DeFi, lending protocol boasting fixed-interest rates. The whitepaper for Yield protocol was written by Paradigm’s Dan Robinson and […]
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Crypto analysts AlfaBlock claim that the MakerDAO protocol will need to host several trillion Dai by 2040 to maintain its current market capitalization. Crypto analysts AlfaBlok has published a report that claims the number of circulating Dai will need to increase by more than 70% each year in order for MakerDAO (MKR) to maintain its […]
Continue ReadingThe DeFi lending market MakerDAO has updated its governance protocols to prevent another occurrence of forced liquidations that lead to huge losses. The decentralized finance lending market Maker, like many crypto participants, suffered losses during the price collapse of “Black Thursday” on March 12. The price of Ether (ETH) declined by about 50% within 24 […]
Continue ReadingMakerDAO governance token holders voted to accept wBTC as the fourth collateral asset in the Maker DeFi Protocol. MakerDao governance, a decentralized community of MKR token holders that govern the Maker Protocol, has voted to pull Bitcoin onto the Ethereum blockchain by accepting Wrapped Bitcoin as a new collateral asset in the Maker Protocol, according […]
Continue ReadingCompound has implemented two historic community-driven proposals amid the launch of its governance token. Decentralized finance, or DeFi, protocol, Compound, has implemented its first two community-driven governance proposals in the past week. The proposals come ahead of the launch of Compound’s Governance token (COMP) — which will be used to facilitate community-driven protocol upgrades and […]
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Top venture capital firm Andreessen Horowitz forms its second crypto asset fund totaling $515 Million, surpassing the initial goal by $65 million. Top venture capital firm Andreessen Horowitz is expanding its presence in the crypto sector. The United States-based company has raised $515 million for its second crypto-focused fund, according to an April 14 article […]
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The president of crypto custodian Anchorage, Diogo Monica, believes that DeFi is exposing the shortcomings of cold storage and manual operations. Cointelegraph spoke to Anchorage co-founder and president, Diogo Monica, to get his take on how the rise of decentralized finance (DeFi) is impacting the crypto custodian sector. Monica stated that the increasing complexity of […]
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