Day: June 5, 2021

Yearn and Convex Are Competing for Curve Tokens

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Key Takeaways Convex Finance is a new DeFi protocol offering yield farming optimization on Curve Finance’s stablecoin pools. In order to boost yields, both Convex Finance and Yearn Finance need to lock CRV tokens in Curve Finance’s vesting escrow. As a result of the battle between the two projects, CRV has jumped 59.5% in the last week. Share this article Optimizing yield on Curve Finance’s pools is Yearn Finance’s bread and butter, but newcomer Convex Finance is gaining rapid traction as the two DeFi protocols fight for Curve’s liquidity provider…

Social applications are the next big trend in crypto

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Last week’s tumultuous 30% crypto market dip and subsequent quick recovery left many wondering what comes next. Crypto circles aside, the conversation around the importance of building solid, broadly usable applications is louder than ever. Crypto will cease to be perceived as a casino on the edges of the internet when participation outweighs speculation.  An interesting dynamic we are seeing is that the conversations around the future of Web 3.0 are still happening on centralized Web 2.0 platforms. The need for crypto-native principles and flows within the social application landscape…

2021 has brought crypto to unparalleled heights

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Challenges stimulate progress. Technology, pretty much like life itself, cannot be static. Only dynamics stimulate positive changes. Amid the collapse of the cryptocurrency market in mid-May, many retail and institutional investors began to lose faith in the bright future of cryptocurrencies in general and Bitcoin (BTC) in particular. Corporations and institutions, whales, and early adopters converged in a single impulse — the internet was overwhelmed by a wave of mistrust towards “cryptocurrency number one” as the best defensive asset, superior to gold and everything else that had been invented prior.…