Degens for Hire: Based.Money Is Launching Moonbase, a Place for DeFi Projects...
BASED has a new method for aligning decentralized finance (DeFi) projects with each other. At its core is a smart contract called Moonbase.
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PRESS RELEASE. DeFi is a risky investment. It can deliver huge returns – but also you can waste all your money. Objectively, many DeFi projects are a scam, and if they give dishonest promises or steal your money you have no way to get your money back or find the responsible persons. For this reason, the odds of becoming rich with investing in DeFi are against you. On the other hand, safe investing like government bonds or a stock market is also not very interesting. The 3% annual yield is interesting only to pensions funds and old-fashioned investors. The real trick is finding the....
More than $1 billion worth of Ether is still locked in the ArbiNYAN yield farm despite the price of its native token crashing more than 90% in 24 hours. Ethereum layer-two rollup network Arbitrum One is beginning to see significant growth, with its total value locked (TVL) surging by roughly 2,300% this past week.According to L2beat, an analysis platform comparing layer-two protocols, Arbitrum’s TVL tagged an all-time high of $1.5 billion on Sept. 11 as DeFi degens rushed to invest in early farming DApps launching on the network.Off-chain Labs launched Arbitrum to mainnet following a $120....