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Dot.Finance: Everything About The DeFi-Driven Yield Farming Solution

Yield Farming

The post Dot.Finance: Everything About The DeFi-Driven Yield Farming Solution appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

In the crypto space, Dot.Finance and its DeFi-powered platform is one new set-up to look out for in the coming years. Leading the yield farming innovation, Dot.Finance features a variety of products that give investors access to a range of superior financial tools. This allows the optimal use of digital assets via techniques that give …

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In the crypto space, Dot.Finance and its DeFi-powered platform is one new set-up to look out for in the coming years.

Leading the yield farming innovation, Dot.Finance features a variety of products that give investors access to a range of superior financial tools.

This allows the optimal use of digital assets via techniques that give impressive compounding interest. 

Dot.Finance is a platform that sets its sights on incentivizing a worldwide network of computers to run on a blockchain.

Users can launch and even operate their blockchains through Dot.Finance. In this article, you’ll find out everything you need to know about Dot.Finance.

Dot.Finance Offering and Polkadot Ecosystem

Dot.Finance focuses on putting the Polkadot ecosystem and its diverse uses in the spotlight for a wide range of investors.

This helps make Polkadot adoption around the world spread faster.

What’s more, it helps leverage the adoption of services that Dot.Finance runs on a reliable, resilient, and secure architecture.

Dot.Finance is a project that is backed by several brilliant minds well versed in all things decentralized finance.

It runs on the Polkadot network with staking functionality, yield farming, liquidity pools, and other DeFi products in its sights. One thing Dot.Finance hopes to achieve sooner rather than later is to draw different types of users closer to DeFi. 

By doing this, it increases their exposure to unrivaled advantages of the Polkadot ecosystem.

With its sights and operations set firmly on Polkadot, Dot.Finance will mix solid, powerful DeFi solutions with Polkadot’s architecture that is simply powered by creativity.

Doing so should open a window to needful innovations in financial services that will benefit enthusiasts and investors in the blockchain industry.

The Nature of Dot.Finance’s Yield Farm 

While yield farming and staking share a resemblance, Dot.Finance hosts both protocols and makes it easy to earn through them.

Yield farming entails providing liquidity in form of loans with the aim of earning interests after a stipulated period. 

Staking, however, involves funding proof of stake (PoS) protocols to enable the network to mine and confirm transactions while investors can earn rewards in return.

Both concepts are applications of DeFi protocols and are getting mainstream among crypto enthusiasts.

Investors provide funds known as liquidity pool (LP) tokens to the Dot.Finance farming pools to be used as loans. Usually, users can get these LP tokens from BSC decentralized exchanges (DEX).

They include stable coins such as USDT and BUSD and tokens such as BNB, PINK, DOT, and LINK.

Dot.Finance’s LP tokens come in underlying pairs using formats such as DOT-BNB LP, PINK-USDT LP, PINK-BNB LP, etc.

Dot.Finance partners with BSC-backed Pancakeswap, which supports a sundry of Dot.Finance’s LP tokens. You can follow these steps to purchase LP tokens on Pancakeswap:

  • Visit Pankcakeswap and connect your web wallet by navigating to the top right section and tapping “Connect Wallet.”
  • Next, go to farms and select your preferred Liquidity pair. Tap on “Details” to expand it.
  • Next, click on the “Get Pair” link and “Confirm Supply” to complete the transaction.

There is a more detailed guide on Dot.Finance’s FAQ on how to get LP tokens.

The PINK Token, Staking, Collecting Rewards, and Fee Structure

The PINK token is Dot.Finance’s governance token earned as a CAKE reward on its platform.

With this, users can earn the privilege of partaking in DAO governance protocols which will see them flex their innovative contributions to the future of Dot.Finance.

The PINK token was introduced as an incentive to increase the earning margin of investors. Not only that, users can participate in staking pools and earn interests aside from their initial investments.

After successfully staking, rewards can be withdrawn as BNB, a BEP20 token available in BSC-driven exchanges.

Dot.Finance’s native token has surged by over 47% in stakes, with a market cap of over $9 million and over $6 million in total value locked (TVL).

The token has also garnered a worth of over $1.02, which proves its rising adoption in the crypto market.

Dot.Finance is relatively free as fees are reinvested and shared among investors.

However, to provide liquidity and orderliness in the platform, Dot.Finance charges a 0.5% fee if staked PINK tokens are withdrawn within 72 hours of staking.

Collecting Rewards On Dot.Finance

Dot.Finance intuitive UI makes it easy to collect rewards. Investors have the option of withdrawing only their profits or both their initial deposits and profit.

That said, Investors can, at a glance, find their way to the collection section. Here are the steps you can take to collect your rewards on Dot.Finance:

  1. First, toggle to the farming section on the Dot.Finance homepage, and click on it.
  2. Next, by the left, you will find a section labeled “Earnings,” click on the “Withdraw” button to move your funds to your connected wallet.

The “Withdraw and Collect” option, on the other hand, entails collecting both your initial capital and interest.

It is no different from the process of just collecting rewards. Enter the number of tokens you wish to withdraw in the “Amount” box provided and click on “Withdraw and Collect” so you can complete the process.

But if you wish to withdraw just your initial investment, click on “Withdraw.”

Why Dot.Finance

When it comes to the issues that farmers may encounter in other spaces, Dot.Finance takes a different, problem-solving approach to yield farming.

The platform assists farmers in avoiding these cuts to yields and earning the highest returns they possibly can.

What’s more, working on the Binance Smart Chain means that the transactions are not only faster, the gas fees are incredibly low.

When compared to a space like Ethereum, this is a steal. Besides, Dot.Finance’s smart contracts help users automatically compound their returns at the optimal frequency.

This is so they can increase their APY. Dot.Finance gives yield farmers impressive compounding and automation scale.

In summary, Dot.Finance brings ease, speed, and value to yield farming opening a whole new world to profitability and efficiency.

Conclusion

The team at Dot.Finance has been working round the clock since the launch of the platform and its yield aggregator.

Strategic cooperation with enthusiastic partners is helping the team at Dot.Finance expand its ecosystem with hopes of launching a governance model on the way.

With Chainlink, STONE DeFi, and Polkadot as key partners, Dot.Finance has its focus on yield farming seekers with funds on the Binance Smart Chain network.

And with a team of widely-known and reputable auto-compounding and blockchain juggernauts, users can be sure of beneficial optimization when it comes to yield farming.

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Source: https://coinpedia.org/news/learn-defi-yield-farming-solutions-by-dot-finance/

Blockchain

MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily

MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily

Rate this post MIOTA (IOTA) is a distributed ledger on the proprietary technology which is known as Tangle. There is no fee that has to be paid to the miners because it is not built on blockchain, and it does not require mining. IOTA allows safe and secure transactions which are recorded immutably on the network. Let us look at the technical analysis of IOTA. Past Performance On 11th September 2021, IOTA started trading the day at $1.54 and on 17th September 2021, it closed at $1.74. Thus, in the past week, not much change has been measured in the IOTA price range. In the last 24 hours, IOTA has traded between $1.49-$1.76. https://www.tradingview.com/x/UKThRKwE/ MIOTA Technical Analysis At the time of writing, IOTA is trading at $1.68 and has increased approximately by 12.31% in the past 24 hours. Since 2nd September, IOTA broke out of its long-term resistance and created support at around $1.41 level. This might be an accumulation period as the volume has also increased by almost 200% during the same time, indicating a trend reversal. The MACD is currently completing its bearish crossover after a small pullback to the support level going forward we might see a bullish trend. The lines are above the zero range. Thus, suggesting a buy on this token. The Relative Strength Index has been pulled towards its support zone, near the equilibrium. Thus, indicating the sellers are dominating the market. After this strong accumulation period is over, the price can retest the resistance level. A breakout from that level will indicate a bullish strength. Day-Ahead and Tomorrow  As per the Fibonacci pivot levels, the MIOTA price is trading above the support level of $1.41. It has tested the level twice on the daily chart. And has bounced back from the support level. If the price crosses this level on the downside, traders can short the position with an immediate target of $1.17 and the stop loss at $1.46. On the other hand, if the price bounces back from this support level, traders can take a long position keeping the target at $1.98 followed by $2.12 and the ideal stop-loss level would be $1.77.

The post MIOTA Technical Analysis: Trading Above the Support Level of $1.41, Tested the Level Twice Daily appeared first on Cryptoknowmics-Crypto News and Media Platform.

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MIOTA (IOTA) is a distributed ledger on the proprietary technology which is known as Tangle. There is no fee that has to be paid to the miners because it is not built on blockchain, and it does not require mining. IOTA allows safe and secure transactions which are recorded immutably on the network. Let us look at the technical analysis of IOTA.

Past Performance

On 11th September 2021, IOTA started trading the day at $1.54 and on 17th September 2021, it closed at $1.74. Thus, in the past week, not much change has been measured in the IOTA price range. In the last 24 hours, IOTA has traded between $1.49-$1.76.

TradingView Chart

MIOTA Technical Analysis

At the time of writing, IOTA is trading at $1.68 and has increased approximately by 12.31% in the past 24 hours. Since 2nd September, IOTA broke out of its long-term resistance and created support at around $1.41 level. This might be an accumulation period as the volume has also increased by almost 200% during the same time, indicating a trend reversal.

The MACD is currently completing its bearish crossover after a small pullback to the support level going forward we might see a bullish trend. The lines are above the zero range. Thus, suggesting a buy on this token.

The Relative Strength Index has been pulled towards its support zone, near the equilibrium. Thus, indicating the sellers are dominating the market. After this strong accumulation period is over, the price can retest the resistance level. A breakout from that level will indicate a bullish strength.

Day-Ahead and Tomorrow 

As per the Fibonacci pivot levels, the MIOTA price is trading above the support level of $1.41. It has tested the level twice on the daily chart. And has bounced back from the support level. If the price crosses this level on the downside, traders can short the position with an immediate target of $1.17 and the stop loss at $1.46.

On the other hand, if the price bounces back from this support level, traders can take a long position keeping the target at $1.98 followed by $2.12 and the ideal stop-loss level would be $1.77.

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Source: https://www.cryptoknowmics.com/news/miota-technical-analysis-trading-above-the-support-level-of-1-41-tested-the-level-twice-daily/

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Blockchain

SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run

SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run

Rate this post According to Sia’s whitepaper, its long-term goal is to compete against existing storage solutions. It considers itself to be in direct competition with cloud storage providers like Amazon, Google, and Microsoft. Sia (SC) can offer storage rates competitively because of its decentralized nature. Files on the Sia network can be divided into 30 encrypted segments. Each segment is uploaded to a different host for redundancy. Smart contracts are used to enforce agreements between hosts and uploaders. Siacoin is the payment method on the network. Renters pay hosts using SC, and hosts lock SC in smart contracts to secure it. Skynet, the company behind Siacoin and Siastream, has announced a number of products that are built on top of Sia’s network. These include SiaStream, a cloud-based media streaming app, and the Skynet network, its flagship content delivery network and file-sharing network. The company has received grants and funding from Paradigm, Bain Capital Ventures, and INBlockchain in several rounds. Each storage-related transaction on Sianet is subject to a 3.9% charge. This fee is paid to Siafund holders — Skynet owns approximately 85%. Past Performance of SC SC coin price faces rejection from a crucial resistance level of $0.025. This projects the possibility of a downtrend if the price fails to sustain above the $0.013 support level. On September 06, 2021, Siacoin opened at $0.024. On September 12, 2021, the price closed at $0.019. Thus, in the past week, the Siacoin price fell by approximately 22.50%. Source – Tradingview SC Technical Analysis At the time of writing, the SC coin price is trading at $0.01806 with a decline of 4.36% in the past 24 hours. The growth in underlying bearishness projects the increased possibility of a downfall. Source – Tradingview The recent rejection from the $0.025 resistance results in the formation of the bearish engulfing candlestick. This may briefly cause a downfall with a follow-through. In the daily chart, the SC token price consolidates below the $0.020 level that may soon give a decisive breakout. However, in the case of a bearish turn, the solid support level of $0.0080 might be able to reverse the trend. As the support level has been able to reverse the bearish attack twice in the last 3 months. As per the price action, the coin price may find resistance near $0.025 and $0.030. And the support levels are at $0.010 and $0.0080. The exponential moving averages of 50, 100, and 200-days move sideways as the price consolidates below the 50-day EMA and close to the 100-day EMA. The 200-day EMA might be able to provide the push to increase the bullish pressure. Currently, the RSI indicator is resting at 46% as it projects a draw between bullish and bearish powers. The slope of RSI is moving sideways within the neutral zone. The breakout of RSI from the range of 50%-43% may decide the future trend. Day-Ahead and Tomorrow As per Siacoin cryptocurrency’s technical analysis, the trend is bearish but may soon find demand near the crucial support levels that are in close proximity. Moreover, the ongoing accumulation phase may give a bullish breakout. Hence, investors might want to wait till a decisive trend is in action.

The post SC Technical Analysis: Hold Through the Fall for Upcoming Bull Run appeared first on Cryptoknowmics-Crypto News and Media Platform.

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According to Sia’s whitepaper, its long-term goal is to compete against existing storage solutions. It considers itself to be in direct competition with cloud storage providers like Amazon, Google, and Microsoft. Sia (SC) can offer storage rates competitively because of its decentralized nature.

Files on the Sia network can be divided into 30 encrypted segments. Each segment is uploaded to a different host for redundancy. Smart contracts are used to enforce agreements between hosts and uploaders. Siacoin is the payment method on the network. Renters pay hosts using SC, and hosts lock SC in smart contracts to secure it.

Skynet, the company behind Siacoin and Siastream, has announced a number of products that are built on top of Sia’s network. These include SiaStream, a cloud-based media streaming app, and the Skynet network, its flagship content delivery network and file-sharing network.

The company has received grants and funding from Paradigm, Bain Capital Ventures, and INBlockchain in several rounds. Each storage-related transaction on Sianet is subject to a 3.9% charge. This fee is paid to Siafund holders — Skynet owns approximately 85%.

Past Performance of SC

SC coin price faces rejection from a crucial resistance level of $0.025. This projects the possibility of a downtrend if the price fails to sustain above the $0.013 support level.

On September 06, 2021, Siacoin opened at $0.024. On September 12, 2021, the price closed at $0.019. Thus, in the past week, the Siacoin price fell by approximately 22.50%.

SC Technical Analysis

At the time of writing, the SC coin price is trading at $0.01806 with a decline of 4.36% in the past 24 hours. The growth in underlying bearishness projects the increased possibility of a downfall.

The recent rejection from the $0.025 resistance results in the formation of the bearish engulfing candlestick. This may briefly cause a downfall with a follow-through.

In the daily chart, the SC token price consolidates below the $0.020 level that may soon give a decisive breakout. However, in the case of a bearish turn, the solid support level of $0.0080 might be able to reverse the trend. As the support level has been able to reverse the bearish attack twice in the last 3 months.

As per the price action, the coin price may find resistance near $0.025 and $0.030. And the support levels are at $0.010 and $0.0080.

The exponential moving averages of 50, 100, and 200-days move sideways as the price consolidates below the 50-day EMA and close to the 100-day EMA. The 200-day EMA might be able to provide the push to increase the bullish pressure.

Currently, the RSI indicator is resting at 46% as it projects a draw between bullish and bearish powers. The slope of RSI is moving sideways within the neutral zone. The breakout of RSI from the range of 50%-43% may decide the future trend.

Day-Ahead and Tomorrow

As per Siacoin cryptocurrency’s technical analysis, the trend is bearish but may soon find demand near the crucial support levels that are in close proximity. Moreover, the ongoing accumulation phase may give a bullish breakout. Hence, investors might want to wait till a decisive trend is in action.

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Source: https://www.cryptoknowmics.com/news/sc-technical-analysis-hold-through-the-fall-for-upcoming-bull-run/

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Blockchain

AVAX Technical Analysis: Price Is Likely to Rise Above the 50% FIB Resistance Level

AVAX Technical Analysis: Price Is Likely to Rise Above the 50% FIB Resistance Level

Rate this post Avalanche is an open-source platform for decentralized applications and enterprise blockchain deployments in a highly scalable, interoperable ecosystem. It enables the participation of millions of independent blockchain validators as full block producers through the entire Ethereum development toolkit and confirms transactions in under one second. With over 1,000 nodes, the testnet broke the world record for most active nodes. Let us look at the technical analysis of AVAX. Past Performance On September 11, 2021, AVAX opened at $49.48. On September 17, 2021, AVAX closed at $69.93. Thus, in the past week, the AVAX price has increased by approximately 40.39%. In the last 24 hours, AVAX has traded between $60.92-$74.16. https://www.tradingview.com/x/Vj8ZU6nE/ AVAX Technical Analysis At the time of writing, AVAX is trading at $49.48. The price has increased from the day’s opening price of $69.93. Thus, indicating a bullish day ahead. The MACD is currently above the zero range. However, we can witness a bullish crossover by the signal line over the MACD line, near the zero range. If the buying pressure overcomes the selling pressure, the lagging indicator may breakout above the zero range. Talking about the RSI indicator. It is more than 70%. It is constantly facing rejection at the 51% mark, which is acting as a strong support level. However, it is making a bullish divergence. Thus, buying pressures are slowly mounting.  We have to wait and watch if buying pressures become strong enough to bring about a fresh breakout. The OBV indicator has broken its downtrend and picked up an upward trajectory. In short, when we look at oscillators, we can say that the price may continue to rise for the rest of the day. However, we cannot rule out the possibility of a trend reversal. Day-Ahead and Tomorrow Currently, AVAX is trading below the second Fibonacci pivot point of $78.83. If the bulls remain strong till day end, then the price is likely to rise above the 50% FIB resistance level. Since it will enter into an uncharted zone, we can not give the price levels. On the downside, if the price breaks the support level of $60.38, then we can expect a strong downward movement in the price. It will highlight the next support level of $48.26. Thereafter, we have to wait and watch if the price retests and breaks out of these levels. In that case, the price downswing is likely to continue tomorrow as well.

The post AVAX Technical Analysis: Price Is Likely to Rise Above the 50% FIB Resistance Level appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Avalanche is an open-source platform for decentralized applications and enterprise blockchain deployments in a highly scalable, interoperable ecosystem. It enables the participation of millions of independent blockchain validators as full block producers through the entire Ethereum development toolkit and confirms transactions in under one second. With over 1,000 nodes, the testnet broke the world record for most active nodes. Let us look at the technical analysis of AVAX.

Past Performance

On September 11, 2021, AVAX opened at $49.48. On September 17, 2021, AVAX closed at $69.93. Thus, in the past week, the AVAX price has increased by approximately 40.39%. In the last 24 hours, AVAX has traded between $60.92-$74.16.

TradingView Chart

AVAX Technical Analysis

At the time of writing, AVAX is trading at $49.48. The price has increased from the day’s opening price of $69.93. Thus, indicating a bullish day ahead.

The MACD is currently above the zero range. However, we can witness a bullish crossover by the signal line over the MACD line, near the zero range. If the buying pressure overcomes the selling pressure, the lagging indicator may breakout above the zero range.

Talking about the RSI indicator. It is more than 70%. It is constantly facing rejection at the 51% mark, which is acting as a strong support level. However, it is making a bullish divergence. Thus, buying pressures are slowly mounting.  We have to wait and watch if buying pressures become strong enough to bring about a fresh breakout.

The OBV indicator has broken its downtrend and picked up an upward trajectory.

In short, when we look at oscillators, we can say that the price may continue to rise for the rest of the day. However, we cannot rule out the possibility of a trend reversal.

Day-Ahead and Tomorrow

Currently, AVAX is trading below the second Fibonacci pivot point of $78.83. If the bulls remain strong till day end, then the price is likely to rise above the 50% FIB resistance level. Since it will enter into an uncharted zone, we can not give the price levels.

On the downside, if the price breaks the support level of $60.38, then we can expect a strong downward movement in the price. It will highlight the next support level of $48.26.

Thereafter, we have to wait and watch if the price retests and breaks out of these levels. In that case, the price downswing is likely to continue tomorrow as well.

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Source: https://www.cryptoknowmics.com/news/avax-technical-analysis-price-is-likely-to-rise-above-the-50-fib-resistance-level/

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