Skip to main content

Tag: DeFi

DeFi is short for decentralized finance that includes digital assets, protocols, smart contracts, and dApps built on blockchain.

GMX surged more than 500% during the bear market

The protocol’s ability to maintain its value despite the precipitous drop in the bitcoin market this year has made it a popular choice. The total locked value (TVL) of GMX has steadily increased and currently stands at a record $455 million, according to cryptocurrency data source DefiLlama, while the TVL of other decentralized finance protocols has declined. Token holders on the GMX exchange get 30% of all transaction fees. On Wednesday,...

$GMX, Cryptocurrencies, DeFi, Exchanges, Front page, News

Continue reading

Olympus: goodbye Defi 2.0, hello “Real Yield”? 

Olympus, a DeFi protocol with more than $200 million in total value locked up, will reduce the sky-high yield that holders of its native token have enjoyed over the past year and a half as part of its “bond-centric future.” $OHM has now lost more than 99% of its value from its all-time high and is currently worth less than $11. OHM’s staking used to provide double-digit annual returns. OHM’s staking on Thursday produced...

$OHM, Cryptocurrencies, DAOs, DeFi, DeFi 2.0, Featured, Front page, News

Continue reading

Liquid Staking with $NEAR

Liquidity is a problem for most crypto investors, who can’t easily convert their funds into cash in order to access real-world assets. Liquidity is also a problem for DEX protocols like NEAR and Aurora—often, these protocols need liquidity to operate smoothly but don’t have enough to cover their needs. But here is a way you could use your crypto to get both liquidity and rewards. Meta Pool lets you stake your $NEAR on the blockchain...

$NEAR, Cryptocurrencies, DeFi, Staking

Continue reading

How to avoid the risks of cryptocurrency yield farms

Crypto Yield Farms have the potential to be an excellent method to make passive income; but, investing in them is not without its associated dangers. What is Yield Farming? Yield farming is a means for any digital asset or cryptocurrency owner to earn passive income as incentives or interest. Depending on whatever crypto farm services you use, your deposit interest may be constant or fluctuate over time. Yield farming requires “Liquidity...

DeFi, Featured, Guides, Yield farming

Continue reading

Top Yield Farms on Polygon

We’ve all been there: you’re looking for a way to make money, but you don’t know where to start. Luckily, there are a lot of options out there for earning crypto. Whether you’re interested in mining or just want a passive income, here are some of the best crypto Yield Farms on Polygon. What is Polygon? Polygon is a blockchain-based ecosystem that aims to help users manage their crypto assets more effectively. It...

$MATIC, DeFi, Front page, Polygon, Staking, Yield farming

Continue reading

© Cryptopress. All rights reserved.