Yield farming fuels 623% growth in DAI supply to nearly $1B
Demand for Ethereum-based stablecoins exploded during the third-quarter DeFi bubble, with DAI’s supply growing by more than 600% and USDC expanding 200%. Decentralized finance’s (DeFi) explosive third-quarter brought significant growth to Ethereum (ETH)-compatible stablecoins.According to crypto market data aggregator Messari, the supply of MakerDAO’s DAI stablecoin grew by 623% in Q3 2020, pushing the token’s value above $1 for four consecutive months.Since starting July with a market cap of nearly $130 million, DAI’s supply has expanded to more than $940 million today.DAI is created when....
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Today, we will talk about one of the most important things you should be thinking about and researching right now: crypto and the blockchain – and specifically, yield farming. Now, why do you think that this is so important? Cryptocurrency is going to forever change the way that we interact with the world and the Internet. Plus, what blockchain is really introducing is a revolution of sovereignty (Source: IN Groupe). It is certainly going to put the power back in your own hands. Many feel that this may be the single greatest moment of wealth transfer that any of us are going to live....
Yield is everything when finding the best crypto-assets for your portfolio, and there is no substitute for BNBMatrix. As always, let us not forget the power of blockchain, the magic of smart contracts, and lately, the growth of Binance Smart Chain (BSC) as fuel for the Dapp market. High-Yield Farming: All You Need to Know […]
Yield farming was the defi craze of summer 2020, taking the nascent industry by storm and ushering in new ways to distribute tokens, engage communities, and strengthen network effects. After peaking in October, when yield farms helped send Ethereum network fees to record highs, the yield farming craze abated slightly due to saturation and diminished […]
PRESS RELEASE. DeFi Yield Protocol (DYP) is a decentralized yield farming platform that allows liquidity providers to earn rewards in Ethereum and its native token DYP. It offers a solution to the risk involved in Yield Farming by offering different options for investors to earn while maintaining full decentralization of its platform. DYP users can bank on the anti-manipulation feature that ensures that the volatility of tokens is controlled and prevents whales from taking over its token price mechanism (DYP). Massive Earning Potentials via Staking Pool DYP has been able to generate....
Yield farming is a still-nascent crypto strategy to high return on investment (ROI) on depositing cryptocurrencies, including bitcoin, ethereum, Binance coin (BNB), and stablecoins. While traditional investments in banks pay a quarter percent, yield farming can give triple-digit % yields. Yup! that’s right; some dapps are offering 100% plus yields. However, one that has left […]