Ethereum
$1,305.13 -3.87%
ETH · 2w

Decentralized Finance Assets Under Management Surpass $20 Billion

Decentralized finance (defi) has now become one of the biggest asset manager in the world with $22 billion in the custody of ethereum financial smart contracts.

MakerDAO alone holds more value than almost all cryptos, besides bitcoin and eth, at some $4.28 billion.

While flashloaning and collateralized lending Aave has risen to second place, automatically managing $2.9 billion.

Top defi projects, Jan 2021

Uniswap is now one of the biggest exchange in the world with close to $3 billion in assets traded across an incredible 28,000 pairs that generate close to $1 billion in trading volumes.

Its copy clone fork, SushiSwap, is not far behind with circa $2 billion in assets as defiers provide liquidity to get more sushis.

Balancer, which is somewhat similar except its liquidity pools are bigger, and thus strategizing is more complex, is now close to $1 billion.

The stock market exchange Synthetix is close to double its size, while Compound has risen to $2.7 billion, quite a bit more than Curve’s $1.9 billion.

Badger is a new one, but it claims its Setts automatically execute yield producing strategies for tokenized bitcoin, like wbtc or renbtc, to optimize returns and reduce costs.

Then this has the more complex digg, “an elastic supply cryptocurrency that’s pegged to the price of Bitcoin. Through its vault strategies Badger is attempting to stabilize the price of DIGG to be closer to its target BTC price daily.”

Then there’s Alpha Homora, which “will borrow ETH to yield farm or provide liquidity on leverage for you when taking on leveraged positions.”

So… the bots are here, and now they’re available to your MetaMask with just one click functions to order them to work for you in the wilderness of defi fields with their snakes and bears and bulls and tigers, also whales.

Be careful what you press and expect losses before any gains because there are many traps, known like impermanent loss a...

Continue on trustnodes.com
Recent news
ETH -3.87% · publish0x.com · 2h

Classic Bullish Breakout Forming (1/27/21 Forecast)

Ethereum rallied a bit on Tuesday, initally falling earlier in the day before turning around and closing the daily candle just under the $1,400 level. The trend is well-defined and the fundamentals ar...
ETH -3.87% · yfdfifinancexcrust.fun · 12h

New Partnership: YfDFI Finance x Crust Network

In this article we will look at our new partnership with Crust Network, discuss why have we chosen Crust and how they will add value to our ecosystem. Secure and rapid data storage is one of the most…
ETH -3.87% · whatiscopytrading.space · 12h

What is Copy Trading?

If their actions lead to success, you can replicate them and make a profit as well, with no specific knowledge and experience. This, in short, is the main principle of Copy Trading. The strategy…
ETH -3.87% · btcethereum.com · 13h

Bitcoin vs Ethereum: Third week of January 2021

Both Bitcoin and Ethereum have started the new year by hitting new all-time highs Bitcoin more than doubled its 2017 record, although it saw a sharp drop afterwards As for Ethereum, it breached its ow...