Uniswap

1.1 Million In USDC Invested Into Uniswap and PoolTogether By Coinbase

Source Node: https://insidebitcoins.com/news/1-1-million-in-usdc-invested-into-uniswap-and-pooltogether-by-coinbase/256195
Time Stamp: April 2, 2020 8:55 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Coinbase, one of the world’s heavyweight exchanges, has recently invested 1.1 million in USDC to the decentralized finance protocols of PoolTogether and Uniswap.Pushing In 1.1 Million In USDC To Smart ContractsAccording to the announcement the San Francisco-based crypto exchange had made, the funding itself comes from its USDC Bootstrap Fund. This Fund was created back in September of last year, with an initial funding clocking in at $2 million. The move itself comes as a bid from the exchange to stimulate the growth of the USDC within the Decentralized Finance

Insight on Liquidity from DeFi Protocols

Source Node: https://cointelegraph.com/news/insight-on-liquidity-from-defi-protocols
Time Stamp: April 2, 2020 6:16 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Over the last year and a half, decentralized finance has had an explosion of activity. Lending and borrowing decentralized applications, margin trading, liquidity protocols, stablecoins, insurance and derivatives have all grown in user numbers, in on-chain activity and in product maturity. As DeFi has grown, the need to exchange value from one form to another has grown with it, and multiple liquidity providers have stepped up to service this growing need for liquidity. This is the natural evolution of any system, introducing expanding functionality and connectivity and as it grows. Based

Coinbase Bootstraps USDC; Invests $1.1M in DeFi Products Uniswap and PoolTogether

Source Node: https://coinfomania.com/coinbase-invests-1-1m-usdc-uniswap-pooltogether/?utm_source=rss&utm_medium=rss&utm_campaign=coinbase-invests-1-1m-usdc-uniswap-pooltogether
Time Stamp: April 1, 2020 2:27 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

 Leading US-based cryptocurrency exchange and wallet provider, Coinbase has announced that it has made a direct investment up to the tune of $1.1 million in two different Decentralized Finance (DeFi) products – Uniswap and PoolTogether.  According to the official announcement today, the funding was made via the exchange’s stablecoin, USD Coin (USDC) and it is part of Coinbase efforts to increase the projects’ chances of competing against other existing financial products.  Uniswap The Uniswap platform is an automated market maker built on the Ethereum blockchain that is currently simplifying exchanges’