DeFi
In 2020, the " DeFi Summer" left people fascinated by the charm of Decentralized Finance, and also brought the Ethereum ecosystem to the forefront of crypto space. Let us show you here how to play with the DeFi "Money Legos".
DeFi 2.0 refers to the DeFi innovation phase, a subset of decentralized protocols built on breakthroughs like yield farming, lending, and other innovations.
Connection and asset transfer between blockchains
A tool for price regulation of digital assets in Decentralized Finance (DeFi)
The liquidity pool is a basic component of the DeFi ecosystem. In addition to the core services, including trading, borrowing, and lending, liquidity pools also provide a way for investors who prefer high risks and high returns.
Gate Pay is a contactless, borderless, secure cryptocurrency payment technology fully developed by Gate.io. It supports fast cryptocurrency payment and is free to use. Users can access Gate Pay simply by registering a Gate.io account to receive a variety of services such as online shopping, airline ticket and hotel booking, and entertainment services from third-party business partners.
Lend or borrow crypto at your desired prices, without intermediaries
A parachain auction, as it is also known, involves two types of crypto coins: Polkadot (DOT) and Kusama (KSM).
A smart and safe way to get passive income.
Liquidity Farming is a new trend in Decentralized Finance (DeFi), which enables crypto investors to fully utilize their crypto assets and obtain high returns.
Use MetaMask to interact with Ethereum or other blockchains directly from your browser.
No matter how you store your digital assets, it is crucial that you don't put all your assets in the same place, which is risky. Therefore, it is suggested that you put them in at least three or more different places, which is a relatively safe practice. By doing so, you can sail in the crypto space with peace of mind.
Newcomers to cryptocurrencies will probably put all of their cryptocurrencies on exchanges. Actually, cryptocurrencies can be stored in many ways which can be classified according to centralization, decentralization and whether they are stored in centralized exchanges.
The centralized exchanges we usually use can be considerd as bank accounts, on which assets are managed in centralized ways. It means that your cryptocurrencies are actually stored in the wallets of these exchanges, not in your own wallets. The amount displayed is the balance we can use or withdraw, similar to our usual bank account. We don't actually own the cryptocurrencies shown in the exchange balance.
In addition to stor
The AAVE team is known for its vital innovation and execution, making it a dark horse that has quickly grown to become a famous DeFi protocol alongside MakerDAO and Compound, expanding into a broader market and maintaining a stable lending service even during a market downturn. AAVE is planning to launch a native stablecoin, GHO, on a protocol with high liquidity to create a more decentralized on-chain financial ecosystem.
A stablecoin is a cryptocurrency with a stable price, which is often pegged to a legal tender in the real world. Take USDT, currently the most commonly used stablecoin, for example, USDT is pegged to the US dollar, with 1 USDT = 1 USD.
Yearn.finance is a decentralized smart financial product built on Ethereum. It implements algorithms to shift assets between different smart contracts to attain the highest yields.
Yearn.finance launched the YFI token in July 2020. Its price soared from $3 to $30,000 within one month, which rapidly attracted a large number of investors. Its founder, Andre Cronje, is a South African fintech developer. He created Yearn.finance when he realized that different DeFi applications offer different yields.
Users flocked to Yearn.finance soon after it was launched. Its market cap reached $1.5 billion by September 2020. Data shows that its total value locked in the network exceeded $6 billion at its peak in November 2021. How did the craze sweep the whole crypto space? How does it work? Let’s explore.
Blockchain bridges are specific protocols whose function is to connect two blockchains creating the possibility of transferring assets from one network to another