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Ethereum price prediction 2020 Update 24.10.2020:source: ETH price prediction (medium paywall)
Eth at $500 by the end of the year?
Hello everyone, welcome to another update of my Ethereum price prediction 2020, the price of Ethereum (ETH) has recently passed the mark of 400 US dollars in the slipstream of Bitcoin (BTC). The start of Ethereum 2.0 Phase 0 is getting closer.
Although Bitcoin (BTC) recently made the jump above the $ 13,000 mark, Ethereum (ETH) has performed significantly better than Bitcoin this year. While Bitcoin has grown by more than 80% since the beginning of the year, Ethereum investors can look forward to a price increase of around 220%.
Although the daily transactions on the Ethereum Blockchain remain almost at a record level (1.2 million transactions per day), the average transaction costs have recently fallen slightly below the mark of $2.
This is still relatively high compared to the beginning of the year (transaction fees approx. 5 cents), but way better than in September. About 1 month ago, Ethereum users had to pay an average of over $10 for a transaction due to the Defi boom.
Many crypto experts pointed out the hype surrounding decentralized financial services (Defi) as the cause of the drastic increase in transaction fees.
Decentralized applications such as Uniswap (UNI), Compound (COMP), YearnFinance (YFI), CurveFinance (CRV), and Balancer (BAL) faced tough competition to accommodate transactions in blocks so that these transactions are processed relatively quickly — the result is that the network fees are exploding.
The utilization of the Ethereum Blockchain is still over 97%, with Uniswap still using the largest capacities. Nevertheless, the trading volume on Uniswap (UNI) has temporarily fallen below $200 million a day in the last few weeks, after almost $1 billion a day at the beginning of September. This should have contributed to at least a partial relief of the network.
The scaling problems are not yet solved. The Ethereum developers hope, however, with Ethereum 2.0 phase 0 and with the help of 2-layer solutions such as rollups, to get the problems under control in the next few months.
Investors reward this with rising prices.
Ethereum price prediction 2020 Summary At the moment, the chances are still good that Eth 2.0 Phase 0 can start in late November or December.
The start of Eth 2.0 does not solve all of Ethereum’s (ETH) scaling problems, but it lays the foundation for further scaling in 2021. From a market-technical point of view, things are now looking very good for Ethereum.
After a brief consolidation above the 50-day line in mid-October, Ethereum (ETH) continued its upward trend. The trend-following indicator MACD indicates further rising prices in the next few days, while the Relative Strength Index (RSI) is slowly but surely moving into the overbought area.
In the short term, Ether can run to $450 in the next few days, then the risk of a correction increases. However, In my opinion, the price of Ethereum could be by the end of the year, at $500 and more may well be possible if the start of Ethereum 2.0 succeeds on time and smoothly.
submitted by Smart_Smell to Robopay [link] [comments]
Why is it worthy to invest not only in bitcoin. 13 alternatives.
In 2020, investing in BTC brought its holders several times less profit than buying altcoins. Some of them have risen in price by thousands of percent. Analysts told which cryptocurrencies remain undervalued and retain great potential for price growth
In 2020, Bitcoin remains a symbol of the cryptocurrency market, but it is not a leader in terms of profitability. BTC has risen 46% since January, significantly weaker than most other coins. For example, Ethereum added 170% of its value over the same period. The key reason for this growth was the expectation of updating the ETH blockchain to the second version, which will introduce the possibility of passively increasing the number of coins by staking.
Since the beginning of the year, the Binance exchange token (BNB) has also shown significant growth — 100%. One of the drivers of the coin’s rise in price was its entry into the decentralized finance (DeFi) market. The trading platform also provided customers with the opportunity to make deposits in cryptocurrency in order to receive rewards in other coins. At the moment, the annual profitability from the use of this product reached 1200%, but later the rate dropped significantly.
The largest growth in 2020 was shown by assets related to the DeFi sector directly. For example, the Chainlink token rate has grown by 450% since January, to $10, in August, rising to $20. A similar dynamic was demonstrated by the BAND coin. Over the same period, its rate rose by 2900%, from $0.22 to $6.6, briefly reaching $17.6. Both projects provide oracles — products that allow you to track cryptocurrency rates with decentralized applications.
The growth of thousands of percent was shown by the tokens of DeFi sites. The leader in terms of profitability in this area is the token of the Yearn Finance platform (YFI). It was released on July 18 and was trading at $ 32 at the time. Now the asset is worth almost 100,000% more, $32,400, and in mid-September the price peaked at $44,000.
There is a “whole palette” of tools in which you can invest instead of bitcoin, the founder of the stable cryptocurrency platform STASIS Grigory Klumov is sure. As an example, he cited the NEO token, on the blockchain of which its own DeFi platform will soon be launched. Another option is YFI coin. Both assets have an average degree of risk, the investor should take into account that their price can fall by up to 50%.
Klumov named Balancer (BAL), Synthetix (SNX), REN (REN), Curve (CRV) and Aave (LEND) from the high-risk, but interesting from the point of view of investing, DeFi tokens. Their rate is quite volatile, but in September it corrected and now has good prospects.
In exchange for bitcoin with medium-term goals, you can invest in altcoins that are in the top cryptocurrency rating by capitalization, says Dmitry Lavrov, trader and founder of Tradunity. Fluctuations in their price will depend on bitcoin, if it enters the growth phase again, altoins will also rise in price and bring even greater profitability.
“Ethereum is the first altcoin to be added to an investment portfolio. The coin has corrected its past upward movement and is poised for a return to 2020 highs and possibly a refresh. The coin looks strong in terms of technical and fundamental analysis. Also of interest are Binance Coin, EOS, they are at acceptable levels for opening long positions”, Lavrov shared.
On the horizon of the next year, representatives of the TOP-30 of the crypto market are interesting altcoins for investment, said Viktor Pershikov, a leading analyst at 8848 Invest. For example, Ethereum. The transition to version 2.0 and the development of the Proof-of-Stake protocol will allow the price to rise significantly. Also, the driver of its growth may be the development of the DeFi sector, related to which applications are mainly built on the basis of ETH.
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submitted by BryanM_Crypto to Crypto_com [link] [comments]
Curve DAO Token (CRV) is listed on the Crypto.com App today, 1 September 2020. CRV joins a growing list of 70+ cryptocurrencies and stablecoins on our App, such as Bitcoin (BTC), Ether (ETH), XRP, Cardano (ADA), Chainlink (LINK), VeChain (VET), USD Coin (USDC), as well as CRO Tokens. In addition, deposits and withdrawals of CRV are enabled on the Crypto.com App.
Read the blog for details: https://blog.crypto.com/crypto-com-lists-curve/
One of the most prominent reasons people invest in cryptocurrencies is that it is a hedge. It has been proven with some clarity that the asset class operates independently of traditional markets. A lot of established investors and firms have invested in the market just to diversify their portfolio, the most recent being MicroStrategy, which invested $250 million in Bitcoin and other assets.submitted by QDAODeFi to u/QDAODeFi [link] [comments]
But even within the cryptocurrency asset class, there are several ways in which one can diversify their income. In some ways, it may even be better than other assets classes, as it can be tokenized in digital form. There are challenges too, most notably, a high barrier of entry for the non-tech-savvy.
We’ll get to the ‘how’ in a bit. Let’s turn our attention back to the ‘why’.
Cryptocurrencies provide many ways in which to diversify your portfolio but one of the best ways is with passive income options, of which there are several. The most talked about option is easily Decentralized Finance (DeFi), which will be the subject of our discussion today.
It’s important to know how the service works in order to make the most out of it. Unfortunately, there are many out there seeking to capitalize on the mania and make quick a buck — but that’ll never happen.
The purpose of this piece is to help you position yourself for passive income maximization with DeFi and possibly even make a decent profit. The time frame you are looking at is months, not days, so don’t get hasty. The best value comes from long-term investments.
The QDeFi team is here to make everything easy for you.
What is DeFi and Yield Farming?
The chances are, you have heard of DeFi. Given the buzz, it’s been hitting the headlines and is even being talked about in mainstream finance. So there is a good probability that you know about this rapidly developing niche in the cryptocurrency space.
Even if the practical aspect of investing is a little technical, the concept itself is fairly simple.
DeFi is simply various financial services (like lending and borrowing) that are completely decentralized. There is no middleman involved in the process of lending or trading, meaning that there is no centralized entity to take a cut or slow down the process. Everything happens between the two concerned parties, which results in greater security and faster transactions.
How is this done, you might ask. Mostly through smart contracts and other technologies that take care of dispute resolutions to ensure disagreements are settled fairly. Governance by all of the asset holders also means that the terms of the services can be adjusted, according to their liking and not by some centralized party charging rates to benefit themselves.
But perhaps the most salient feature of DeFi is that anyone can easily participate. You don’t need to go through a lengthy process just to be eligible and you don’t need to have extensive documentation either.
Since this is a new space with evolving technology, the tricky part is making your first investments, which can be challenging. This is true for all cryptocurrency activities but doubly so for such a recent thing as DeFi.
The issue can boil down to user-friendliness. Most DeFi protocols and platforms are not user-friendly at the moment, leaving participation accessible only to those who possess some technical knowledge. But that’s why we’re writing this — so you can begin your foray into DeFi following this a step by step guide without having to worry about making a mistake.
But before that, we’ll have to learn a little about yield farming.
What is Yield Farming in detail ?
Ifyou’re going to invest in something, you’re going to want to choose something to invest in. And any investor in the market will tell you that yield farming is where it’s at.
Strange name, you might think, but cryptocurrencies are no strangers to terms like this (“mining” for example). And the phrase is pretty self-explanatory. Investors simply use their existing assets/collateral on certain platforms, providing liquidity and generating revenue for their contribution.
This may all sound confusing, but let’s break it down (we’ll go through specific examples shortly as well).
In a nutshell, yield farming is simply letting idle assets generate revenue by making them useful to others. The hot topic right now is liquidity pools, which is where you contribute to an asset’s liquidity by providing it to a liquidity pool on a platform like Uniswap.
But the real trick is knowing how to find the synergies between the various DeFi services, i.e. forming a yield farming strategy. As another example, you can borrow a stake on a platform and use that to contribute to a liquidity pool and earn fees. These are the yield farming strategies that some individuals are very adept at forming.
Compound this with governance tokens that platforms release and you have a pretty nifty way of earning tokens, which could potentially reach a high value in the medium to long term. That’s why investors have been rushing towards DeFi.
Now we get to the most exciting part of learning about yield farming — what are the best performing protocols and how much can we realistically make?
Some of the most notable choices for yield farming protocols and platforms are the following:
We’ve mentioned different types of protocols because rates may vary and it does take some constant supervision of the market to know where the best rates lie. The aforementioned projects are only some of the choices you have for yield farming, but they are among the better ones because they have avoided catastrophic incidents so far.
Going over the particulars of each protocol is out of the scope of this guide but we’ll use some of them to run you through your first DeFi investment. From there, you should be able to manage on your own and use the plentiful resources of the internet to refine your strategies.
MXC Exchange ( www.mxc.com ) is a world-leading digital assets trading platform. We aim at providing Secure, Convenient, Smart blockchain assets trading service, covering the market and price of cryptocurrencies including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), EOS, etc. Below are the weekly reports from August 31 to September 4， including major activities and some new listings on MXC.submitted by MXC_Exchange to MXCexchange [link] [comments]
1.MXC launches a new session of "Deposit for Free Listing" campaign for KIMCHI.finance (KIMCHI), Carrot Finance (CRT), Akropolis Delphi (ADEL), Sentivate (SNTVT), Cream (CREAM) and CORN（CORN) from 15:00, September 3 to 15:00, September 5 (UTC+8).
4.MXC launches the "Polkadot Ecosystem Margin Trading Contest with 3,400 USDT Giveaway" activity from 10:00 August 31 to 24:00 September 3 (UTC+8).
5.MXC holds the Contract Referral Contest with Huawei P40 and other Super Airdrops to be Won activity from 10:00, August 28 to 24:00, August 31 (UTC+8). The user who invites new users to deposit on MXC can win Huawei P40 Pro+5G and other super airdrops according to the number of the invited users, and the new user can win USDT bonus up to 10 USDT.
3.The major new listings of spot trading, margin trading, perpetual contract, and leveraged ETF products from August 31-September 4.
Margin Trading: MXC addS support to RING/USDT and SUSHI/USDT margin trading pairs
Perpetual Contract: MXC resumes the XRPUSDT, ETCUSDT, LTCUSDT, DASHUSDT.
Leveraged ETF Products: MXC launches DEFI3L and DEFI3S, YFI3L and YFI3S, SUSHI3L and SUSHI3S, BAL3L and BAL3S, CRV3L and CRV3S.
In 2020, many Defi projects are introduced to the crypto community. Below is the top 5 Defi projects that you should invest in.submitted by vakafxofficial to u/vakafxofficial [link] [comments]
One of the best rated Defi projects is YFVaule (YFV). YFV is a YEarn-inspired governance token that rewards investors. The project aims to bring real value in profitable farming finance (Yield Farming) to all users, whether you are whales or baby fish. Supply inflation rate voting and a referral system with automatic burning are performed entirely online.
Compound Finance (COMP)
Compound Finance was one of the first projects to shift the focus of investors away from Bitcoin to profitable farming. By lending digital assets through the Compound's liquidity pool, investors immediately began earning compound interest.
Yearn Finance (YFI)
With a circulating supply of 29,961 YFI, Yearn Finance has exploded cryptocurrency. Due to demand, the value of YFI has skyrocketed compared with Bitcoin's current value of around $ 12,000. At the time of writing, YFI is trading at $ 13,797 after hitting an all-time high of $ 16,700.
Yam Finance (YAM)
Yam Finance's story has a few similarities with DogeCoin in the sense that the project was launched as an experiment. The creators of Yam Finance even warned investors that its code was still unaudited but by the time YAM had first glitched, more than $ 477 million had been locked on the Defi platform.
Curve Finance (CRV)
Like Compound, Curve Finance gained prominence in Q3 2020. At the time of writing, around $ 1 billion in assets are locked in the platform. Launched in January 2020, Curve allows users to trade between stablecoins with minimal slippage and low fees.
To learn more about the best Defi projects, please visit our website.
🚀Curve DeFi Protocol Issues Its Own Tokensubmitted by MarshalLionGroup to u/MarshalLionGroup [link] [comments]
A few hours ago, the Curve Finance protocol issued its own token, CRV, which will now directly work with the liquidity pools of the DeFi tokens supported by the project.
📈BTC above $ 11'600 opened the possibility of growth by another 5-10%
Bitcoin price broke through the strong 100 SMA level and returned above the key $ 11,600 barrier. According to technical analysis, the price is likely to continue to rise.
💪Best Blockchain ETFs for Q4 2020
In this article, we take a look at the top 3 best blockchain ETFs based on large stocks: composition and potential return.
MLGC defi platform.
Very soon our platform will be released online. It will be new DeFi platform to participate in loan programs created by Marshal Lion Group.
We see new people coming to group, wait for updates! Stay tuned!
Author: Gamals Ahmed, Business Ambassadorsubmitted by CoinEx_Institution to u/CoinEx_Institution [link] [comments]
One of the key themes in 2020 is the rise of decentralized financing (DeFi), a new type of financing that works on decentralized protocols and without the need for financial intermediaries. Lately, the number of DeFi apps has increased significantly, but many have not been seen or heard by many of us.
In this Article I will be building a list of the best DApps, which will likely lead the next phase. DeFi apps can be categorized into different subcategories such as:
Note: Some of the projects in the report categorized into more than one section in the types of dApps.
The rise of DeFi Bitcoin (BTC) was the first implementation of decentralized financing. It enabled individuals to conduct financial transactions with other individuals without the need for a financial intermediary in the digital age. Bitcoin and similar cryptocurrencies were the first wave of DeFi. The second wave of DeFi was enabled by Ethereum blockchain which added another layer of programmability to the blockchain. Now, at the beginning of 2020, individuals and companies can borrow, lend, trade, invest, exchange and store crypto assets in an unreliable way. In 2020, we can expect the amount of money held in lending protocols to increase as long-term investors diversify into interest-bearing offers, especially if the market fails to rise towards the 2017/18 highs. On the other hand, active crypto traders are becoming increasingly interested in decentralized trading offers. The increasing level of money security offered by decentralized trading platforms should not only see an increase in trading of DApp users, but also in the number of non-custodial trading and exchange platforms available.
Lending: DeFi allows anyone to obtain or provide a loan without third party approval. The vast majority of lending products use common cryptocurrencies such as Ether ($ ETH) to secure outstanding loans through over-collateral. Thanks to the emergence of smart contracts, maintenance margins and interest rates can be programmed directly into a borrowing agreement with liquidations occurring automatically if the account balance falls below the specified collateral. The relative benefit gained from supplying different cryptocurrencies is different for the asset and the underlying platform used.
Compound is a money market protocol on the Ethereum blockchain — allowing individuals, institutions, and applications to frictionlessly earn interest on or borrow cryptographic assets without having to negotiate with a counterparty or peer. Each market has a dynamic borrowing interest rate, which floats in real-time as market conditions adjust. Compound focuses on allowing borrowers to take out loans and lenders to provide loans by locking their crypto assets into the protocol. The interest rates paid and received by borrowers and lenders are determined by the supply and demand of each crypto asset. Interest rates are generated with every block mined. Loans can be paid back and locked assets can be withdrawn at any time. While DeFi may seem overwhelming complex to the average individual, Compound prides itself on building a product that is digestible for users of all backgrounds. Compound is a protocol on the Ethereum blockchain that establishes money markets, which are pools of assets with algorithmically derived interest rates, based on the supply and demand for the asset. Suppliers (and borrowers) of an asset interact directly with the protocol, earning (and paying) a floating interest rate, without having to negotiate terms such as maturity, interest rate, or collateral with a peer or counterparty. Built on top of that principle is cTokens, Compound’s native token that allows users to earn interest on their money while also being able to transfer, trade, and use that money in other applications. OVERVIEW ABOUT COMPOUND PROTOCOL Compound Finance is a San Francisco based company, which raised an $8.2 M seed round in May of 2018, and a $25M Series A round in November of 2019. Financing rounds were lead by industry giants including but not limited to Andressen Horowitz, Polychain Capital, Coinbase Ventures and Bain Capital Ventures, Compound Finance is a sector-leading lending protocol enabling users to lend and borrow popular cryptocurrencies like Ether, Dai and Tether. Compound leverages audited smart contracts responsible for the storage, management, and facilitation of all pooled capital. Users connect to Compound through web3 wallets like MetaMask with all positions being tracked using interest-earning tokens called cTokens.
Compound recently introduced a governance token — COMP. It holds no economic benefits and is solely used to vote on protocol proposals. The distribution of COMP has absolutely exceeded expectations on all fronts. Compound is now the leading DeFi protocol both in terms of Total Value Locked and in terms of COMP’s marketcap relative to other DeFi tokens. COMP was recently listed on Coinbase — the leading US cryptocurrency exchange and has seen strong interest from dozens of other exchanges including futures platforms like FTX. Compound’s new governance system is well underway, with close to close to 10 proposals being passed since it’s launch. What’s unique about COMP’s governance model is that tokenholders can delegate their tokens to an address of their choice. Only those who hold more than 1% of the supply can make new proposals. Besides earning interest on your crypto assets, which is a straightforward process of depositing crypto assets on the platform and receiving cTokens, you can also borrow crypto on Compound. Borrowing crypto assets has the added step of making sure the value of your collateral stays above a minimum amount relative to your loan. Compound and DeFi more broadly wants to help people have more access and control over the money they earn and save. While the project has had its criticisms, the long-term goal of Compound has always been to become fully decentralized over time. The Compound team currently manages the protocol, but they plan to eventually transfer all authority over to a Decentralized Autonomous Organization (DAO) governed by the Compound community. For following the project:
DEXs: Decentralized exchanges allow users to switch their assets without the need to transfer custody of basic collateral. DEXs aim to provide unreliable and interoperable trading across a wide range of trading pairs.
Kyber is a blockchain-based liquidity protocol that allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem. Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps helping to build a world where any token is usable anywhere. Kyber’s ecosystem is growing rapidly. In about a month, the team got an investment and partnered with some of the best projects. ParaFi Capital, a blockchain-focused investment company, has made a strategic purchase of KNC codes. The company will assist the DeFi project by qualifying new clients and improving professional market manufacture. The project’s recent partnerships seem impressive. Includes Chainlink, Chicago DeFi Alliance, and Digifox Wallet.
An important DeFi integration was also made with MakerDAO. KNC can now be used as a DAI warranty. The project has reached a milestone worth $ 1 billion of total turnover since its inception. More importantly, volume on an annual basis is moving and accelerating from $ 70 million in the first year to more than $ 600 million in 2020. Recently five million KNC (about 2.4% of total supply) were burned, improving Kyber’s supply and demand ratio. In July, the Kyber network witnessed a Katalyst upgrade that will improve governance, signature, delegation and structural improvements.
When Katalyst hits the main network, users will be able to either vote directly or delegate tokens to shareholder groups led by either companies like Stake Capital or community members. The KNC used to vote is burned, and in turn, voters get ETH as a reward. This setting creates a model for staking an uncommon contraction for the Kyber network. KyberDAO will facilitate chain governance, like many other projects based on Ethereum. An interesting partnership with xToken has been set up to help less-participating users stake out via xKNC. xKNC automatically makes specific voting decisions, making it easier for users to join and enjoy the return. The pool was created to draw BTC to Curve. Users who do this are eligible for returns in SNX, REN, CRV, and BAL. The more BTC lock on Synthetix, the more liquid it becomes, and the more attractive it is for traders. The project plans to continue expanding its products and move towards more decentralization. Synthetix futures are scheduled to appear on the exchange within a few months. The initial leverage is expected to be 10 to 20 times. The team aims to neglect its central oracle and replace it with one from Chainlink during the second stage of the migration. This will significantly increase the decentralization and flexibility of the platform. For following the project:
Derivatives: In traditional finance, a derivative represents a contract where the value is derived from an agreement based on the performance of an underlying asset. There are four main types of derivative contracts: futures, forwards, options, and swaps.
Synthetix is a decentralized artificial asset issuance protocol based on Ethereum. These synthetic assets are guaranteed by the Synthetix Network (SNX) code which enables, upon conclusion of the contract, the release of Synths. This combined collateral model allows users to make transfers between Compound directly with the smart contract, avoiding the need for counterparties. This mechanism solves DEX’s liquidity and sliding issues. Synthetix currently supports artificial banknotes, cryptocurrencies (long and short) and commodities.
SNX holders are encouraged to share their tokens as part of their proportionate percentage of activity fees are paid on Synthetix.Exchange, based on their contribution to the network. It contains three DApp applications for trading, signature and analysis: Exchange (Synths at no cost). Mintr (SNX lock for tuning and fee collection). Synthetix Network Token is a great platform in the ethereum ecosystem that leverages blockchain technology to help bridge the gap between the often mysterious cryptocurrency world and the more realistic world of traditional assets. That is, on the Synthetix network, there are Synths, which are artificial assets that provide exposure to assets such as gold, bitcoin, US dollars, and various stocks such as Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL). The whole idea of these artificial assets is to create shared assets where users benefit from exposure to the assets, without actually owning the asset.
It is a very unique idea, and a promising project in the ethereum landscape. Since it helps bridge the gap between cryptocurrencies and traditional assets, it creates a level of familiarity and value that is often lost in the assets of other digital currencies. This will make Synthetix take his seat in the next stage. On June 15, BitGo announced support for SNX and on June 19, Synthetix announced via blog post that Synthetix, Curve, and Ren “collaborated to launch a new stimulus group to provide liquidity for premium bitcoin on Ethereum”, and said the goal was to “create the most liquid Ethereum — the BTC-based suite available to provide traders with the lowest slippage” In trade between sBTC, renBTC and WBTC. “ For following the project:
Wallets: Wallets are a crucial gateway for interacting with DeFi products. While they commonly vary in their underlying product and asset support, across the board we’ve seen drastic improvements in usability and access thanks to the growing DeFi narrative.
It is the startup for consumer game-changing financial technology, which makes decentralized web access safer and easier. The company has built a smart and easy-to-use mobile wallet for Ethereum, which gives users the ability to easily retrieve their encrypted currencies on the go.
Asset Management: With such a vast amount of DeFi products, it’s crucial that tools are in place to better track and manage assets. In line with the permissionless nature of the wider DeFi ecosystem, these assets management projects provide users with the ability to seamlessly track their balances across various tokens, products and services in an intuitive fashion.
It is a smart wallet for DeFi that allows users to seamlessly manage multiple DeFi applications to maximize returns across different protocols in a fraction of the time. With InstaDapp, users can take advantage of industry-leading projects like Compound, MakerDAO and Uniswap in one easy-to-use portal. Instadapp currently supports dapps MakerDAO and Compound DeFi, allowing users to add collateral, borrow, redeem and redeem their collateral on each dapp, as well as refinance debt positions between the two. In addition to its ease of use, InstaDapp also adds additional benefits and use cases for supported projects that are not already supported. The project focuses on making DeFi easier for non-technical users by maintaining a decentralized spirit while stripping many of the confusing terms that many products bring with them.
InstaDapp has launched a one-click and one-transaction solution that allows users to quadruple the COMP Codes they can earn from using quadruple borrowing and lending. A good timing feature for sure, but this kind of simplification is exactly why Instadapp was created. Its goal is to create a simple interface into multiple DeFi applications running on the Ethereum Blockchain and then automate complex interactions in a way that enables users to maximize their profits while reducing transactions and Ethereum gas charges. To use Instadapp you will need Ethereum wallet and you will also have to create what is called Instadapp smart wallet in which token you want to use. For following the project:
Savings: There are a select few DeFi projects which offer unique and novel ways to earn a return by saving cryptocurrencies. This differs from lending as there is no borrower on the other side of the table.
Dharma is an easy-to-use layer above the compound protocol. It introduces new and non-technical users to transaction encryption and allows them to easily borrow or lend in DeFi markets and earn interest in stable currencies. You can start by simply using a debit card. Funds are kept in a non-portfolio portfolio, which constantly earns interest on all of your deposited assets. The value of Dharma’s DeFi lending experience is:
To raise money, recipients simply download the Dharma app. After creating a Dharma account, users connect their Twitter account to receive access to the money sent. They can choose to transfer money to US dollars and withdraw to a bank account, or leave DAI in a Dharma account where it will earn interest like all Dharma deposits. The submitted DAI will gain interest even before the receiving user requests it while waiting for the claim. In her ad, Dharma demonstrated a number of ways in which the new social payments feature can be used, including tips for your favorite Twitter personalities, accepting payments for goods or services in a very clear way, charitable donations across borders or transfer payments. The Dharma app is available for both Android and iOS. Dharma and Compound
Dharma generates interest by DAI signing the Compound Protocol. Dharma also appeared in the news recently after the release of a specification outlining a Layer 2 expansion solution allowing the platform to expand to handle current transaction volume 10x, ensuring users can transfer their money quickly even in times of heavy congestion on the Ethereum network. Dharma is developing its “core” and “underwriting” contracts within the company. Underwriting contracts are open source and non-custodian, while each loan contract is closed source. This means that the receiving address contains nodes that interact with a script on a central Dharma server.For following the project:
Insurance: Decentralized insurance protocols allow users to take out policies on smart contracts, funds, or any other cryptocurrencies through pooled funds and reserves.
Nexus Mutual uses blockchain technology to return mutual values to insurance by creating consistent incentives with the smart contract symbol on the Ethereum blockchain. It is built on the Ethchaum blockchain and uses a modular system to aggregate smart Ethereum nodes, allowing to upgrade the system’s logical components without affecting other components.
The way Nexus works is members of the mutual association by purchasing NXM codes that allow them to participate in the decentralized independent organization (DAO). All decisions are voted on by members, who are motivated to pay real claims. It sees plenty of opportunities in a gradual transition of Ethereum to Eth 2.0, which is expected to start later this year. Eth 2.0 moves the network from the power-hungry Proof-of-Consensus (PoW) algorithm to Proof-of-Stake (PoS), a way to sign cryptocurrency in order to keep the network afloat. Having a steady return on signature from the Ether (ETH) can be somewhat compared to the way in which insurance companies invest in the real world the premiums they collect.
By setting a strong set of conditions for Nexus Mutual, anyone will be able to bring in and acquire a new form of risk for mutual coverage — assuming that members are willing to share NXM. With this design, the mutual discretion will be able to expand into much broader fields beyond smart contracts. In addition to defining multi-layered term agreements, Nexus Mutual also has some other advantages needed to achieve this visualization. For following the project:
Disclaimer: This report is a study of what is happening in the market at the present time and we do not support or promote any of the mentioned projects or cryptocurrencies. Any descriptions of the jobs and services provided are for information only. We are not responsible for any loss of funds or other damages caused.
submitted by QSMarketingCorp to BetTronLive [link] [comments]
The BetTronLive platform uses two currencies — TRX and RAKE. Both tokens have the TRC-20 format and the RAKE token is a registered name. To further drive the value of the RAKE token, only 100,000,000 tokens will be minted, and this number will never be increased.
RAKE tokens can be mined by playing certain games on the BetTronLive platform and by watching video ads before the live dealer games begin.
Find out more here: https://medium.com/…/rake-mining-and-how-it-works-1ab3f7912…
Join our community: https://t.me/BetTronLive
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Der aktuelle Bitcoin-Kurs (13,025.81 $) im Live-Chart in EUR, USD & CHF im Überblick Bitcoin-Rechner Verfolge den aktuellen Kursverlauf live! Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume Curve DAO Token/Bitcoin Ratio: 1 BTC = 37312.22 CRV Popular coins right now on CoinGecko. eToro Sponsored. DIA 6.3%. ShareToken -3.8%. Electroneum -0.9%. Darwinia Network Native Token -4.9%. NEM -0.2%. Ampleforth -1.9%. TRON 0.8%. Spot. Perpetuals. Futures. Affiliate disclosures Support CoinGecko. Links on this page may contain affiliate links. CoinGecko may be compensated when you sign up and ... Wollen Sie wissen, wie viel Bitcoin 1 Crowdvilla Ownership ist? 1 CRV zu BTC Rechner: Wechselkurs-Preis. Hier können Sie die Börsen überprüfen, an denen Sie mit Crowdvilla Ownership zu BTC Paaren handeln können. Hello again friends, I personally think CRV is a good coin to trade, I've been profitable with it in the past. But this is a coin to be careful with the entry, as I think it can still fall another 5%. If you'd like to trade it, try to accumulate inside the box (which is there for entertainment purposes only) anywhere between 88 cents and 93 cents.
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Curve CRV comment apporter de la liquidite ? Bitcoin staking Yield farming 🔥Bybit $90 Bonus: https://www.bybit.com/app/register?ref=nOnj5 🔥 Bitcoin Technical Analysis & Bitcoin News Today: I'll use technical analysis on the Bitcoin ... Dec.20 -- Andy Bromberg, Coinlist co-founder, talks about what Bitcoin and crypto will do in 2020. He appears on "What'd You Miss?" You want to become rich: https://gera.capital/r/22388 The restyled 2020 CR-V and all-new CR-V Hybrid are ready to take you just about anywhere you want to go. Sign up to receive the latest updates and learn more...