First Mover: As Bitcoin Rally Pauses, DeFi Keeps Astounding
Don't even think of using the term "DeFi winter," because DeFi might be hotter than last year's summer of DeFi.
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Compound, one of the leading defi-based protocols, is launching a new service called Treasury. Compound’s Treasury is a new product designed to help institutions enter the defi space. Launched in partnership with Circle and Fireblocks, it skips the uber astounding rates conventional defi protocols offer. However, it seeks to offer stable revenue for companies looking to get passive income from their funds in dollars. Compound to Coax Institutions With Treasury Compound Labs, the company behind the Compound defi protocol, launched Treasury, a new defi service designed for....
Bitcoin lost steam on Wednesday, pausing a bull run that had accelerated on the backs of Tesla's $1.5 billion investment.
A pause in the Bitcoin price rally has created room for other alternative cryptocurrencies to take over the bull trend. AAVE is leading the pack by logging maximum gains. The decentralized finance token surged by as much as 128 percent in five consecutive winning sessions, hitting $56.21, a level it last touched three weeks ago. […]
The latest rally leaves bitcoin up 80% year to date, an enviable performance that's bound to inspire the fear of missing out among some investors.
Latest rally extends bitcoin's lead over U.S. stocks in 2020 returns, potentially setting up a self-reinforcing trend as more investors take notice.