Uniswap

Surging Interest in ‘Yam’ Yield Farming — But Is It Too risky?

Source Node: https://cointelegraph.com/news/surging-interest-in-yam-yield-farming-but-is-it-too-risky
Time Stamp: August 11, 2020 11:38 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The latest craze in the DeFi sector is a new yield farming protocol called Yam which promises ‘equal opportunity’ staking with no premine, no founder shares, and a zero value token at launch.The experimental Yam Protocol is the talk of Crypto Twitter right now — with many excited about the big potential returns, while others worry about the risks. The recently launched project offers an elastic supply token, similar to Ampleforth, that can expand and contract depending on market conditions, with the aim of seeking eventual price stability and a peg

DeFi Token Serum Surges 1500% in 12 Hours After Listing

Source Node: https://cointelegraph.com/news/defi-token-serum-surges-1500-in-12-hours-after-listing
Time Stamp: August 11, 2020 9:42 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The latest DeFi token to moon is for the decentralized derivatives exchange Serum ,which surged by four figures following its launch and exchange listings.The Serum Project is a new, non-custodial DEX that launched on August 11 and its native SRM token has since surged 1500%. The Serum Project is a collaboration between centralized derivatives trading platform FTX, and Solana, a low-fee, high-speed, interoperable smart contract blockchain. Launched less than 12 hours ago at the time of writing, the token has skyrocketed from the launch price of $0.11 to more than $1.80

The Stars are Aligning for Ethereum’s Price; But Will Bears Prevail?

Source Node: https://bitcoinist.com/the-stars-are-aligning-for-ethereums-price-but-will-bears-prevail/?utm_source=rss&utm_medium=rss&utm_campaign=the-stars-are-aligning-for-ethereums-price-but-will-bears-prevail
Time Stamp: August 11, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Ethereum has been struggling to garner any further upwards momentum in recent times This comes as the cryptocurrency struggles to break above the heavy resistance that has emerged around $400 ETH has been moving in lockstep with Bitcoin – which is also struggling to break its resistance at $12,000 Until both of these digital assets are able to push higher and shatter the massive selling pressure they are currently facing, they will likely extend their macro consolidation phases Analysts are noting that there are a plethora of different factors counting

Web Traffic on Global Crypto Exchanges Surged 13% in July

Source Node: https://cointelegraph.com/news/web-traffic-on-global-crypto-exchanges-surged-13-in-july
Time Stamp: August 10, 2020 8:59 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Global crypto exchanges have reportedly seen a significant increase in web traffic in July as cryptocurrency prices gained momentum.According to data from crypto analytics startup ICO Analytics, web traffic on global crypto exchanges increased by 13% on average in July 2020. Illia Kmez, head of content at ICO Analytics, told Cointelegraph that centralized crypto exchanges added 26% in web traffic since December 2020. In order to provide calculations, the startup analyzed web traffic of around 100 exchanges including international trading platforms and exchanges that only operate in one country, Kmez said.While

Ampleforth Down 66% — Welcome to Rebasing

Source Node: https://beincrypto.com/ampleforth-down-66-welcome-to-rebasing/
Time Stamp: August 9, 2020 9:55 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The elastic supply token Ampleforth (AMPL) has lost two-thirds of its market cap in a matter of days. The atypical characteristics of the token attracted many investors that jumped in. After a dramatic surge in price and market cap, the tables have turned and Ampleforth has entered a corrective phase. The token is understood by many as just an experiment, and it may impact the way future tokens are created. AMPL: The Ultimate Digital Money? Ampleforth is not your typical cryptocurrency. It’s quite a complex token with some revolutionary ideas,

InstaDapp Guide: Bridge to All DeFi Platforms

Source Node: https://www.asiacryptotoday.com/instadapp-guide-bridge-to-all-defi-platforms/
Time Stamp: August 5, 2020 11:21 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

One of the drawbacks of decentralized finance (DeFi) protocols today is that you need different platforms to perform specific functions instead of having them all in one place. And that’s the problem that Instadapp is trying to solve. Instadapp is a DeFi platform that provides users and developers with a single point of integration to access all the DeFi protocols. As we are in the early days of the decentralized web, Instadapp aims to be a window into multiple DeFi services — tools that make transactions of crypto assets easier.

DEX Trading Volume Tops $4 Billion in July 2020

Source Node: https://beincrypto.com/dex-trading-volume-tops-4-billion-in-july-2020/
Time Stamp: August 3, 2020 12:58 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The meteoric growth in the trading activity for decentralized exchanges (DEX) is not slowing down as the total volume for July exceeds $4 billion. Monthly DEX volumes have been on a tear since the start of 2020 with increasing returns seen in the last three consecutive months. DEX platforms continue to attract massive trading volume and their native tokens are reportedly providing greater returns than centralized exchange (CEX) counterparts. DEX July 2020 Volume Sees 12x Year-on-Year Growth According to data from on-chain analytics platform Dune Analytics, the total DEX volume

Ampleforth: A Guide to the AMPL DeFi Protocol

Source Node: https://www.asiacryptotoday.com/ampleforth-a-guide-to-the-ampl-defi-protocol/
Time Stamp: August 2, 2020 9:53 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Imagine the possibilities of reinventing money. One that is powered by blockchain and crypto-based solutions. That is what Ampleforth hopes to achieve within and beyond the crypto community. Since the inception of decentralized finance (DeFi), various notable projects have spawned, giving life to a new sector in the cryptosphere. At the moment, investors and crypto traders alike are quite stoked with DeFi and liquidity mining. We have witnessed several protocols like Maker, Aave, and Compound attracting hundreds of thousands of users, enabling the DeFi ecosystem to proliferate far and wide.

Bitcoin Joins the Alt-Season Breaking $10k: The Crypto Weekly Market Update

Source Node: https://cryptopotato.com/bitcoin-joins-the-alt-season-breaking-10k-the-crypto-weekly-market-update/
Time Stamp: August 1, 2020 7:09 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of crypto took its toll.In seven short days, Bitcoin went from around $9,600 to $11,400, charting gains upwards of just shy of 20%. Earlier on Monday, the cryptocurrency catalyzed its performance, jumping from $9,800 to $11,200. After that, it consolidated for a few days, and just today, it painted fresh 2020

Why This DeFi Exchange is a One Way Ticket for Ethereum’s ERC-20 Tokens?

Source Node: https://coingape.com/why-this-defi-exchange-is-a-one-way-bullish-ticket-for-cryptocurrencies/
Time Stamp: August 1, 2020 4:31 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

advertisement Uniswap is a decentralized exchange with a unique mechanism for trading ERC-20 tokens on its platform. Apparently, its the perfect platform for pumping tokens. CryptoGainz, prominent crypto trader tweeted, Advertisement there’s no orderbook to scare buyers or induce selling, only a bullish narrative and sell side liquidity crisisUniswap evaluates the price of a token based on the balance of Ethereum and of the token. On a successful trade or exchange, the value is added in accordance with the Ethereum swapped for the token. Hence, there are no order books