Decentralized finance protocol Cryption is planning to launch cross-chain yield farming in what it claims is a world first. In a blog post on September 9, the DeFi protocol revealed that it will be launching the first-ever cross-chain farming services. The new liquidity mining incentives will be available on the PolyDEX exchange, which it launched…
Posts published by “Martin Young”
NFTs on Ethereum use gas to mint them on its proof-of-work blockchain. Immutable X has found a way to offset this drain on resources through scaling. On March 30, BeInCrypto reported that over $1 million was spent in gas fees for the newly launched Polkamon NFT collection. So, there is a clear need to address…
The latest ‘State of the Vaults’ update for Yearn Finance was posted on March 21. It reveals that collateral has surged on the platform for its version two vaults which were launched in mid-January 2021. The findings were posted by core developer “banteg” on March 18. They show the TVL for both has increased in…
The Float Protocol was introduced in early February as the ‘first truly native internet currency’ which is stable, yet floating. As reported by BeInCrypto, it has entered a market that already has similar products. The Ethereum-backed Rai stablecoin launched on Feb. 17, and the new economy Fei Protocol kicked off on March 22. On March…