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Author: CryptoPress

MetaMask’s Sell Feature for Crypto-to-Fiat Conversion

MetaMask’s Sell Feature for Crypto-to-Fiat Conversion

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MetaMask has introduced a new Sell feature. The feature allows users to convert their crypto to fiat. It supports ETH on Ethereum Mainnet, with plans to expand to native gas tokens on layer 2 networks. The service is available in the US, UK, and parts of Europe. MetaMask, a leading Ethereum crypto wallet, has recently launched a new feature that is set to revolutionize the way users convert their crypto assets into fiat...

Ethereum, Front page, Main, News

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Liquidity Pool

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Crypto liquidity pools are groups of cryptocurrencies that are locked into a smart contract to provide liquidity to decentralized exchanges (DEXs). DEXs are cryptocurrency exchange platforms that do not require an intermediary, such as a bank or stock exchange. Liquidity pools allow users to buy and sell cryptocurrencies without having to trust a third party. Liquidity pools work as follows: A user deposits cryptocurrency into a...

DeFi, Glossary

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Realized Cap

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Realized cap is a market capitalization metric that values each UTXO (unspent transaction output) based on the price when it was last moved as opposed to its current value. As such, it represents the realized value of all the coins in the network, as opposed to their market value. To calculate the realized cap, you first need to find the total number of UTXOs in circulation. Then, you need to find the price at which each UTXO was last...

Blockchain, Glossary

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Crypto Market Update: September 5, 2023

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Dogecoin captured people’s interest as a result of a recently published biography about Musk as well as its possible function on the X platform. The value of Toncoin skyrocketed due to tokens from a Telegram bot. XRP’s ongoing legal disputes with the SEC and Coinbase could have far-reaching implications for the status of other cryptocurrencies. Despite experiencing selling pressure, Solana remains popular. Australian...

Bitcoin, Crypto market, Cryptocurrencies, News

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Aave - sDAI pool

sDAI Pool on Aave

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Aave v3 Adds sDAI Pool Aave v3, the leading decentralized lending protocol, has announced the launch of a new pool for sDAI, a token that represents DAI stablecoins deposited in MakerDAO’s DAI Savings Rate (DSR) module. The pool allows users to use sDAI as collateral and earn interest on their deposits. Aave’s Marc Zeller noted that sDAI’s yields enable delta-neutral lending on the protocol. MakerDAO Boosts and Cuts DSR Yields The...

Yield farming

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