OpenDAO Builds New Yield Dollar Interface on Top of UMA, Accepts BTC as Colla...
PRESS RELEASE. OpenDAO is proud and excited to announce that it is one of the first DeFi projects to participate in UMA’s dapp mining program. Check out the new Yield Dollar interface at ydollar.opendao.io For the past few months, OpenDAO has been working closely with the team at UMA to build a new interface for the Yield Dollar (yDollar) as part of UMA’s dapp mining initiative. The aim is to create an interface which is more accessible and intuitive to use, whilst still leveraging the robust contracts which have been built by UMA. The yield dollar will be a pre-cursor of sorts....
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New decentralized organization Opendao gave users of Opensea, one of the biggest NFT marketplaces by trading volume, a gift on Christmas. The organization launched its own token and organized an airdrop to distribute it to users that had purchased NFTs using Opensea, allowing them to claim 50% of the total supply of SOS, its native token, as an act of gratitude for popularizing NFTs.
Opensea Users Receive Opendao Airdrop
Users of Opensea got a Christmas gift this year from a new DAO (decentralized autonomous organization) that launched an airdrop to thank users of the marketplace....
In this week's newsletter, we will explore some of the key developments from the DeFi space that had an impact on the Ukraine donations and look at some of the trendsetters in our industry. The crypto community has emerged as one of the leading aid providers for Ukrainians, as crypto donations surged over $50 million. This week, many in the decentralized finance, or DeFi, community have come forward to donate and make it simpler for other people to donate to Ukraine. LUNA continued its price dominance with another double-digit surge over the past week and also flipped Ether to become the....
“We built this interface so anyone who wants to donate but holds other ERC-20 tokens can do so with one click,” said the Uniswap team. On Tuesday, decentralized exchange Uniswap launched an interface that directly converts ERC-20 tokens — such as Aave, Chainlink’s LINK and Decentraland’s MANA — to Ether (ETH). The coins are then sent to the official crypto wallet addresses of the Ukrainian government, all in a single transaction. In explaining the rollout, Uniswap claimed that the address shared by Ukraine is located on a centralized exchange and only accepts Ether and Tether (USDT). Thus,....
Two years ago the cryptocurrency firm Circle announced the launch of USDC, a stablecoin pegged to the U.S. dollar. This week, Circle revealed the launch of high yield digital dollar business accounts with APY up to 10.75%. On September 26, 2018, Circle and the Centre open-source consortium launched an ERC20 token called USD Coin or USDC. At the time of publication, USDC is the 12th largest blockchain in terms of market capitalization with $2.8 billion circulating today. Under tether (USDT), USDC is the second-most popular stablecoin. “USDC is the first of several fiat tokens Centre....
Yield farming could result in promising developments in the DeFi ecosystem. Nonetheless, each yield farmer told CoinDesk the same thing: This stuff is really, really risky.