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We evaluate DEFI-projects and invest in the best. Own evaluation system and the team of analysts. Smart Bitcoin - @BitcoinSmarts Crypto NEO - @CryptoNeoTODAY Crypt Signals - @CryptSignalToday Manager - @Lishats
🌶 Key DeFi Events You Should Know About:
▪️ Alchemix
In short: Alchemix, a new protocol based on "synthetic tokens that represent the future return on the deposit."
▪️DEXTF protocol
In short: the new DEXTF protocol offers fixed income in DeFi.
▪️ Optimism
In short: Ethereum L2 Optimism raised $ 25 million in Series A funding round from a16z.
▪️ Joint Announcement of Refund
In short: Alpha Homora has agreed to a payback scheme for a recent two-protocol exploit.
▪️ Aave and Balancer will create the first Asset Manager for Balancer V2
In short: The Aave and Balancer teams are joining forces to enable "unused assets in V2 pools to generate revenue on Aave."
▪️ Layer 2
In short: Ethereum dYdX decentralized derivatives exchange is moving to L2 scaling with StarkWare.
Mettalex has launched its farming program on Binance Smart chain. Users can now farm anyMTLX tokens at over 275% APY in any MTLX:BUSD pool with the 72h bonus period. 250k anyMTLX tokens will be distributed to yield farmers. Mettalex is a decentralized commodity derivatives exchange that expected to go live later this week.
How to Move BUSD from ETH to BSC
👉 https://www.binance.org/en/bridge
Learn How to Farming in Amplify on BSC:
👉 http://bit.ly/2NGBeI1
What DeFi projects have survived the hacks?
Here are five DeFi projects that recovered from the hack and continued to work.
The DeFi community has once again questioned the "test in action" approach after Alpha Finance Labs and CREAM Finance lost $ 37.5 million in a hacker attack.
Compound (COMP)
COMP is a decentralized lending platform. COMP users borrow and lend to each other without intermediaries.
Currently, over $ 5.25 billion in assets are locked in the protocol. It is the third largest DeFi protocol after Aave (AAVE) and Maker (MKR).
Last November, a hacker exploited a vulnerability in the Coinbase oracle code that the platform used to determine the value of the dai stablecoin (DAI). A mistake or attack pushed the stablecoin price up to $ 1.30.
To get a loan from Compound, you need to provide collateral that exceeds the loan amount. When the dai rate rose, the cost of collateral for many borrowers was less than required, so their positions were liquidated.
Yearn Finance (YFI)
On February 5, 2021, a vulnerability was discovered in the yDAI Yearn Finance repository that resulted in the loss of $ 11 million.
The attackers stole money through a series of flash credits from the dYdX and Aave pools. The hacker then used the money thus obtained as collateral for other loans on Compound's DeFi platform.
Basically, he tried to capitalize on the price differential in Yearn's vaults to accumulate Curve DAO (CRV) token and exchange it for stablecoins.
Analysts believe that the attacker's net profit did not exceed $ 3 million, as about $ 8.5 million was spent on expenses related to the attack.
SushiSwap (SUSHI)
SushiSwap is an Automated Market Maker (AMM) fork of the popular Uniswap platform.
In January of this year, user SUSHI discovered a loophole that allowed him to steal 81 ETH (at that time, just over $ 100,000).
The exploit involved a transaction using the DICG token. He tried to convert a small amount of fees in the DICG / WBTC pool through the DICG / ETH pool.
Extremely low liquidity in the latter (and, accordingly, high slippage) led to high commissions. The hacker tried to take staker commissions for himself using an error in the code.
However, the amount stolen is small, and users believe that this loophole has not affected the protocol.
Cover Protocol (COVER)
Cover Protocol has suffered the most from this list. A white hacker from Grap Finance (although nothing was known at the time) took advantage of the vulnerability to mint 40 quintillion COVER tokens.
These tokens were under the direct control of a hacker who quickly brought them to Binance. The sharp increase in supply, as well as the “reset” in the COVER / ETH markets, resulted in the COVER price falling more than 50% in a matter of minutes.
When market participants began to understand what had happened, the collapse reached catastrophic proportions. The token fell from $ 720 to below $ 100. Binance crypto exchange suspended trading, and the Cover Protocol team froze the token.
Fortunately, the hacker returned the funds, and Binance even reimbursed the losses to traders who “bought in the downturn” from its own SaFu fund.
Alpha Finance Labs (ALPHA)
Nakoents, recently Homora v2 Alpha Finance Lab and Iron Bank from CREAM Finance became victims of hackers.
As a result of the exploit, the hacker managed to steal $ 37.5 million. Subsequently, it turned out that the attackers used loans for Homora v2 hosted in the Iron Bank of the CREAM protocol.
ALPHA users familiar with the situation indicated that the person behind the attack was the one who knew more about how the protocol worked.
Analysis of the situation after the fact has confirmed this. He stated that the specific funding pool used in the exploit was at the contract level for HomoraBankV2 in preparation for the upcoming launch.
Aavegotchi kicks off on March 2nd.
Get ready NFT lovers for one of the largest sites AaveBazar from the AAVE project (TVL $ 5bn) 👻🚀
🔥 DeFi Strategy # 20 / Farm + 300% APY via Tornado.Cash Anonymity Mining
Let's say you want to anonymously navigate to a new Ethereum address, well, you're in luck because the Tornado.Cash privacy protocol is running an anonymity mining campaign.
What's the point? You deposit ETH at Tornado, wait and that's it! You can then later exchange the “Anonymity Points” (AP) received from your deposit for a protocol management token, TORN.
❗️ How does the AP system work?
Points are earned by contributors for each block:
- 20 AP / block for 1 ETH,
- 50 AP / block for 10 ETH
- 400 AP / block for 100 ETH.
✖️ When you request your AP through the Tornado mining dashboard, the relay actually makes the request for you to protect your anonymity. You pay a small AP fee to the repeater for this service.
✖️ When you are about to exchange your AP for TORN, the repeater takes over the process again and is compensated by the AP for privacy.
❗️ The key news is that Tornado contributors are collecting a lot of APs as there are ~ 6.5k Ethereum blocks per day, ~ 195k per month, etc. We will multiply 50 AP per block by 195,000 blocks. which will give us 9.75 million AP.
Subtracting 2 million from this amount to pay for the repeaters gives us 7.75 million AP, so if you divide that amount by the current AP / TORN exchange rate of 580,626, you get 13.34 TORN tokens per month.
💲 At the time of writing TORN, the price was $ 410, so multiplying that figure by 13.34 gives us $ 5.47k. With an initial deposit of 10 ETH (~ 18 thousand dollars at the present time), this indicator per month increases to + 300% per annum.
We love this farm because there is almost no risk involved. The only real vulnerability that you will face, apart from potential vulnerabilities, is the possibility of losing your deposit note (private key).
Disclaimer. Remember: APY will hesitate. Every project has a risk, so weigh it twice before entering
Xfinite is a decentralised entertainment platform on the Algorand blockchain.
They reward users with tokens on their first dApp, Mzaalo. The rewards include XET tokens and NFTs that can be generated by staking XETs. Users can earn these rewards by watching premium content, engaging with fans and influencers, creating NTFs based digital avatars for verified users and participating in in-app games and competitions.
Xfinite will launch their token via IDO soon and will create a decentralised ecosystem governance with XfiniteDAO. Governace tokens will be distributed to the community with a fair launch, where users can stake their XETs and NFTs to mint the governance token.
Telegram group: /channel/XfiniteOfficialCommunity
Twitter: https://twitter.com/xfiniteofficial?s=21
Instagram: https://instagram.com/xfiniteofficial?igshid=1ci14eubsxcal
Website: https://www.xfinite.io
Algorand partnership on business wire: https://www.businesswire.com/news/home/20210203005740/en/Xfinite-and-Algorand-Form-Strategic-Partnership-With-Eye-on-Mass-Adoption
📌What awaits you in the private channel:
▪️Information on pre-sale starts
▪️Information on whitelist project launches
▪️New listings on Uniswap (you trade yourself)
▪️Consulting on projects
▪️Training (how to enter a deal correctly, entry / exit points, how to understand which project will give X, how not to get into a scam).
✅Prices per channel for DeFi:
Trial tariff (can be purchased once):
2 weeks = $ 100
Basic tariff:
3 months = $ 300
Lifetime tariff $ 500
@Lishats
The ingenious work of the PancakeSwap team and the Binance Smart Chain is producing outstanding results.
PancakeSwap - Number One 🥃☑️
The crypto market has overtaken Google!
(Crypto market capitalization against the largest companies)
Cryptocurrency market capitalization has bypassed Google's capitalization, coming close to Amazon's capitalization.
I wonder if the crypto market can overtake Apple this year?
#BreakingNews
MicroStrategy Announces Proposed Private Offering of $600 Million of Convertible Senior Note to Buy More Bitcoin
https://bit.ly/3dcXsMi
For Trading signals follow us: https://bit.ly/3tahtsa
According to CoinTelegraph, the second major reason for the BTC record was the technical breakout of the $ 38,000 resistance area and the lengthy consolidation phase.
The most important reason for the continued growth of bitcoins, the next target of which is $ 100,000, is the continued institutional inclusion of bitcoins as a new asset class
Given that over 60% of the Bitcoin supply has remained unchanged for over a year, the $ 300 billion inflow is almost unimaginable for an asset with $ 355 billion in free float. Moreover, the number of new BTC mined by miners is 341,640 annually, which is only $ 16.3 billion.And it is safe to conclude that the constant allocation of BTC to corporate treasuries could more than double the current price of bitcoins
According to CoinTelegraph, 24 companies have accumulated over 460,500 BTC, which is equivalent to $ 22 billion
"Every major announcement like the one made by BNY Mellon or Tesla encourages other companies to deploy digital assets faster," comments Patrick Camp
▪️ The purchase of bitcoin by Tesla was the biggest success in at least the last 3 years. Now banks, payment systems and companies are racing to make cautious and at the same time promising statements regarding cryptocurrencies, which are close to $ 50,000 🤑
▪️ Google Trends signals a return of interest in Bitcoin, and the media once again consider it a good practice to write regularly about cryptocurrencies. We saw similar activity at the end of 2017. The difference is that now we can be in the middle or even at the beginning of the active growth phase. If only not at the end, but let's not talk about the bad ... 😇
▪️ XRP at $ 0.6 and again in the top 4 in terms of capitalization and no one remembers the trial on February 22. Litecoin at $ 220, BNB at $ 134, Monero at $ 231, etc. If your altcoin is up less than 30% in a week, then you are out of luck. Ethereum unexpectedly turned out to be the losers against the background of a large amount of positive news, it is possible that the spring is simply compr
Ripple has received a patent for ODL technology 💸
On-Demand Liquidity or liquidity on demand allows you to transfer currencies by exchanging them to XRP and vice versa. The concept of the technology is not new, but the description of the Ripple patent states the ability to convert any assets, including stocks, bonds and even goods.
Separately, the possibility of using ODL by corporations and state banks is noted, which may indicate work with national digital currencies 🧐
Protection against XRP price volatility is provided by the high transaction speed, the bill goes by a second.
The current XRP rate is $ 0.58, growth over the last 7 days - 30%.
Average commission on bitcoin network reaches $ 25.4
If on February 7 the average cost of one transaction on the bitcoin network was just over $ 11, now it reaches $ 25.4. This is evidenced by the latest data from the BitinfoCharts service.
Transaction fees soared after it was revealed that Tesla had invested $ 1.5 billion in BTC.
Over the past three days, commissions have skyrocketed 122%. However, compared to December 2017, the cost of one operation is still much lower now. During the first historic run of Bitcoin, transaction fees reached $ 55.
One of the developers of BTC Leon Johnson believes that there is no reason to panic. According to him, now the overwhelming majority of investors prefer to store cryptocurrencies, rather than sell them.
Therefore, as soon as the excitement around Tesla's participation in buying BTC subsides, commissions will begin to decline again.
At the same time, the number of operations processed by the so-called second-level solution or Lightning Network, that is, outside
Tether prints 1 billion USDT on TRON
Paulo Ardoino (CTO of Bitfinex and Tether) reported that this is an authorized transaction but not issued, i.e. this amount will be used as inventory for release requests.
https://twitter.com/whale_alert/status/1359587927291011080
https://twitter.com/paoloardoino/status/1359527667180134401
➕ DeFi Summary / Week 8 2020
🔻In recent days and for the first time in 2021, we have seen a DeFi correction.
💲 This week we saw the Total Ecosystem Locked Value (TVL) fall from a new all-time high of $ 45 billion that was reached last Sunday to the current TVL of $ 36.56 billion. This amount is still impressive!
In other words, a correction should be inevitable, and such ebb and flow are normal for the cryptoeconomy in general. And regardless of short-term market conditions, the best DeFi projects are still impressive and have huge growth potential.
✖️ The best performance of tokens last week UNI (+ 16%), xSUSHI (+ 11%) and SUSHI (+ 7%).
All of Ethereum's competitors press for low fees and fast transactions. However, as early as next month, two full-fledged L2 solutions will start working on $ ETH, which will radically solve the problem of expensive and long transactions 🧐
And why wait for March, when L2 projects with growing turnovers are on the air right now.
1) $ LRC $ 27m turnover in 24 hours
2) $ ZKS $ 7.7M
3) $ NEX $ 1.8M
4) Deversifi $ 1m
5) Leverj io $ 0.2m
$ LRC coin in our long-term portfolio.
What do we want to say with this message?
First, despite the success of BSC, it is too early to put an end to the growth of ether, because the main problems of the network will soon be solved.
Secondly, if successful, the number of users of the Ethereum ecosystem will soar to such values that the most successful first months of this year will seem like a drop in the ocean.
Thirdly, the use of the ether platform directly affects the price of $ ETH and it is possible that this economic cycle will be marked by the fact that Ethereum will overtake Bitcoin in capitalization 📈
Sounds crazy, but achievable under certain conditions.
⌚️ Key News of Governance Tokens
- Maker launched a vote to raise the ETH-A debt ceiling to $ 2.5 billion and increase the system's surplus buffer to $ 30 million.
- Balancer plans to extend its Gas Reimbursement Program for another 4 weeks.
- Aave suggests creating Aave management badges.
- PoolTogether launched decentralized governance through the POOL token.
- Yearn suggests temporarily extending Yearn's multi-user signature capabilities.
➕ What is Governance token?
Governance tokens give their owners the right to influence decisions, protocol, product or roadmap of functions, as well as changes in governance parameters. ... Another common form of project management is token-based treasury management.
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➕ DeFi Week Results
💲 DeFi's Total Locked Value (TVL) hit a new all-time high of $ 39.91 billion last week, and since then TVL has grown ~ $ 3.72 billion to $ 43.63 billion, which means we continue to push our record forward with confidence.
Overall, Maker DAO was the first DeFi project to hit the $ 7.39 billion mark. Aave and Compound with TVL's $ 6.01 billion and $ 5.51 billion, respectively, are not far behind. The top 6 DeFi currently includes three major decentralized exchanges: Uniswap ($ 4.48 billion), Curve ($ 4.41 billion) and Sushiswap ($ 3.85 billion).
✖️ In terms of news, last week there were two main streams that received a lot of hype in the cryptoeconomics: BTC (+ $ 57k) and ETH (+ $ 2k), which reached new record highs, and the growth of Binance Smart Chain as the main competitor Ethereum.
Pricing news everywhere, on TV, podcasts, public pages and various information channels. More and more we see institutional and retail investors going into digital assets as DeFi is becoming more and more global and the media around it is having a very positive impact on Mass Adoption.
➕ Binance Smart Chain is suddenly on the radar of the DeFi community. What happened? According to Binance CEO Changpeng Zhao (CZ), massive user churn has gone from Ethereum's extremely high fees to an ultra-fast blockchain with low BSC fees.
Finally, it was another week of good results for some DeFi tokens. The best gains in the week included DODO (+ 222%), BNT (+ 58%), REN (+ 42%), SFI (+ 42%) and COVER (+ 23%).
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The ecosystem of projects of the Cosmos Network (ATOM) is not standing still. The Band protocol was placed at the center (market cap
$ 395 million), this is an analogue of Link (capitalization
$ 13 billion), only 33 times cheaper.
NFT transactions exceeded $ 250 million in 2020
NonFungible and L & # 39; Atelier's non-fungible token transaction (NFT) turnover has grown from $ 62 million in 2019 to over $ 250 million in 2020. The number of active wallets increased by 97%.
25 000 users left Uniswap to join 1inch
Meanwhile, 1inch exchange continues to rock the DeFi world. Due to aggressive marketing 1inch brought up breaking news to the Uniswap traders. According to the platform they distribute 6 million 1INCH tokens to Uniswap users. 😉
However, there are a few things to be aware of. Token will go only to those who have been trading on Uniswap for at least 20 days.🔥
Besides, these traders are considered a part of airdrop only if they haven’t swapped on 1inch platform. Another important condition is to finish 3 trades in 2021. The accuracy of distribution isn’t ideal, so some addresses could be missing.
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The amount of funds in the decentralized finance industry has surpassed the equivalent of $ 40 billion. So the DeFi niche continues to gain new users.
Читать полностью…
I wont be surprised if $NWC hits 2 usd in the upcoming week.
Their fundamentals are amazing, they launched crypto mobile app, partnered with KuCoin and Coinmarketcal.
Rumor is they are about to list on Binance, they will do 10x easy.
Currently on KuCoin👇
https://welcome.newscrypto.io/3d3mNrU
And Uniswap👇
https://welcome.newscrypto.io/3aUkDrV
🔥🔥AirDrop🔥🔥
Werewolf Token (WWC)
Reward: 40 WWC
Focus: Distribute reward on every full moon.
Bot Airdrop Link: @WerewolfExchangeBot
🔹Join Telegram Group and Channel
🔹Follow Twitter , Like and Retweet Pinned Post
🔹Submit your ETH wallet and other info
🔹Also get 3 WWC for each referral.
Note: Airdrop will be on every full moon.
Additional Information:
Werewolf is the Ethereum-based Decentralized Finance Platform, trusted daily earning rewards,Digital Asset Management, and Blockchain Gaming platform. It is considered decentralized because no individual entity controls the protocol and it is operated by smart contracts.
