This Little Known DeFi Token Is Attracting Investors – Find Out Here
This DeFi token, which only ranks 138th among cryptocurrencies according to total market capitalization, is starting to make some real loud noise in the crypto space this ‘Uptober.’ Even though the market continues to struggle to recover from its dismal September performance, SUSHI – the native token of SushiSwap – is making impressive leaps over the past couple of days. At press time, according to data from CoinGecko, SUSHI is trading at $1.33 and has been up by 3.5% for the past 24 hours. It currently carries a 20.1% price increase for the past seven days while....
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DeFi tokens are attracting investors as bitcoin's rally fades and new protocols are updated.
Investors have embraced Abracadabra Money’s truly decentralized approach to DeFi and the option to draw stablecoin loans off a growing list of assets appears to be backing SPELL’s rally to new highs. Stablecoins and their use in decentralized finance (DeFi) have played a key role in the 2021 cryptocurrency bull market because allow investors to participate in the ever-growing number of protocols that offer high yield staking pools and they ease the process of transacting without needing to use a centralized exchange. One project that has seen a significant amount of adoption thanks to its....
A leaked Telegram discussion by 50 so-called crypto influencers has exposed the extraordinary steps they take in order to profit on the back off unsuspecting defi investors. According to a leaked screenshot of the chat, an elaborate plan to defraud defi investors using the worthless “$Few” tokens had been hatched. $Few tokens would be airdropped to some of the influencers who in turn promoted these to unsuspecting followers on Twitter. Once the “new flash mob project” gained traction, members of this conspiracy planned to sell the “airdropped” tokens to....
WINk’s low-cost yield farming offerings are attracting retail DeFi investors who have been priced out of Uniswap due to high Ethereum gas costs. Decentralized finance has exploded in popularity over the past year and many analysts have pointed to the 2020 'summer of DeFi' as the primary catalyst for the rallies seen in Ether (ETH) and Bitcoin (BTC). In the beginning, investors were able to easily secure 4-digit annual percentage yield (APY) on an almost endless number of attractively priced assets on Uniswap but the increased activity on the Etheruem network eventually led to....
While the exponential growth of decentralized finance is evident from the increased awareness and utility, the industry still remains complex to navigate for new users. However, with the growing progress and growth, a new concept of decentralized finance has evolved as DeFi 3.0. DeFi 3.0 is a modular approach to decentralized finance in harmony with Web 3.0 with an aim to improve user participation using simplification. DeFi 3.0 is an initiative taken by several projects to promote a community-centric approach where the investors and traders benefit the most. With the right approach and....