Investors are often lured to DeFi by the four-digit APYs on offer, but in many instances, impermanent loss actually siphons away any potential profits investors might have accrued.

Decentralized Finance (DeFi) is currently expanding at a breakneck pace, both in terms of products and users. Uniswap, an Ethereum ...

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Today, more and more investors want to explore blockchain technology and its potential to transform finance. Tempus is here to meet such demands and provide a new way to approach blockchain investments. Blockchain technology has become one of the leading technological innovations and has received a lot of attention over the past decade, particularly in [...]

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Read Time: 5 minutes In the last couple of years, we have seen several centralized exchanges emerge from the crypto space to ease the buying and selling cryptocurrencies. The bulk of these exchanges is concentrated on the Ethereum network, as it is one of the first blockchains to use smart contracts. It has a community of devs and tools …

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Price uncertainties usually characterize the cryptocurrency market. This can be worsened by factors such as war and inflation, therefore there is a need for a way to protect investments even at such times. Degis is an Avalanche-based protocol built to protect crypto investors’ assets from any kind of risk. This is the first all-in-one protection […]

Solidex, a new yield optimizer on Fantom, has crossed $2.1B in Total Value Locked.

Bashoswap, a multi-protocol decentralized exchange based on the Cardano network, seeks to facilitate swaps between ADA and other crypto assets on Cardano. Bashoswap DEX will be a new DeFi protocol on Cardano that will utilize automated market maker (AMM) protocol for token swaps. Bashoswap will follow the EUTXO protocol to create a trustless environment for […]

The Acardex Defi platform has begun token sales to develop the world’s largest decentralized exchange and cross-chain NFT marketplace on the Cardano Blockchain. The Acardex platform enables users to transfer native tokens and NFTs from other Blockchains to the Cardano Blockchain efficiently and seamlessly. Acardex functionalities When users join liquidity pools, Acardex allows them to become a liquidity provider on the Cardano Blockchain using the AMM protocol and generate passive revenue by collecting fees on “ADA — Cardano Native Tokens pairs.” Acardex’s development team is also developing a native assets lending protocol, which will allow users to obtain loans and pool assets for usage in various DeFi applications. The native token for the Acardex network will be $ACX, with a total quantity of 1,000,000,000 ACX. $ACX Token Use Cases Examples of Acardex use cases include, but are not limited to: ADA may be exchanged for other Cardano Native Tokens. Ability to vote and participate in the platform’s governance Swap and slippage charges, for example, can be paid. Participation in Acardex’s NFT decentralized marketplace, which is open and accessible to all. (Will be launched in Q3 this year.) Early adopters of the Acardex token will have exclusive access to NFT Drops, be able to list their NFTs, establish a price, and sell their assets on its marketplace. ACX Token Seed-Sale Details 1 ACX = 0.00125 ADA 1 ADA = 800 ACX Minimum Buy: 300 ADA Maximum Buy: 30,000 Users should only utilize Cardano native wallets like Yoroi Wallet, Daedalus Wallet, Nami Wallet, or Adalite Wallet to participate in the ongoing $ACX Seed-Sale. A complete guideline on participating in the ACX Seed-Sale will be made available. Users should keep in mind that they may only engage in the Seed-Sale via the website: https://acardex.io/seed-sale.html.

Safety is one of the most important topics of the crypto sphere, and with good reason. Even the most significant self-custody platforms, such as OpenSea, are vulnerable to malicious behavior and attacks. Read on to find out why security should be your number one priority, and learn from a recent, serious phishing attempt on OpenSea. What does self-custody mean? Essentially, self-custody in crypto refers to holders’ sole responsibility to handle and store their information data such as private keys. Consequently, a self-custody platform does not keep any kind of record of private keys, and thus delegates the task of safeguarding them to key owners. About the OpenSea phishing attack Phishing is a type of malicious activity that manipulates the victim into sharing confidential credentials or information, mostly by fake communication. Phishing is a serious threat even today, and it’s also one of the hardest attacks to discover, as it’s disguised as ordinary messaging. To demonstrate how real this issue is, here’s the recent case of OpenSea, one of the most important Non-Fungible Token (NFT) marketplaces of its time. According to official sources, the phishing attack influenced 32 platform users, who actually suffered damages to their holdings because of the event. The company’s CEO, David Finzer, highlighted that the attack is likely not directly connected to OpenSea’s platform, and users signed the malicious action elements somewhere else, which just underlines the significance of keeping your sensitive data safe when using a self-custody platform. Overall, while some rumors said that the stolen value was somewhere in the $200M range, David Finzer mentioned that the address, which they believe to be the hacker’s, has $1.7M to its name, which is still an outstandingly high figure. Why should safety be a priority? With the advancement of technology came the progress of hacks as well, and so nowadays, it’s more important than ever to take all the necessary precautions that aim to prevent such events. This is especially true when using self-custody platforms, since it’s the users’ responsibility to safeguard their private information, including their private keys. The reason why safety should come first is quite straightforward: the more one accumulates, the better the target for hackers, and if security is neglected, all those hard-earned funds can permanently disappear, faster than one would think. Implications of safety while trading Safety is also vital when it comes to trading cryptocurrencies, be it on a centralized exchange (CEX), or a decentralized exchange (DEX). Unfortunately, there are very few platforms out there that actually put sufficient emphasis on the topic. A great example of a DEX that ticks the box of high-level security is FOMODex, which is a multichain automated market maker (AMM), supporting Binance Smart Chain (BSC), Ethereum (ETH), and Polygon (MATIC). The platform recognized that without proper safety measures, everything else is basically useless, as results are only as good as their protection. Therefore, its team reportedly created FOMODex to be one of the most secure DEXs, despite its multichain environment and high volume of transactions. To further emphasize this, FOMODex launched as the first DEX that is regulated in the U.S., which means users’ protection is elevated, and grounds are provided for legal cases, should fraud occur. This is a remarkable achievement, as U.S. regulators are notoriously hard to get approval from. Final thoughts As demonstrated by both theory and real-world events, safety is truly one of the most overlooked, yet extremely vital aspects of dealing with cryptocurrencies. However, with next-generation platforms and users recognizing its importance, proper security will become the number one feature users look for when choosing where to conduct business in the near future.

Elrond has positioned itself as one of the dark horses in the DeFi industry. Moreover, the team is now exploring broader Web3 opportunities by introducing a new wave of incentives. Metabonding, the community accelerator, rewards builders, contributors, and long-term holders alike. Checking Off DeFi Milestones It has been an exciting year for Elrond, especially where [...]

The post Elrond Ventures Into Web3 Through Strong Incentives For Long-Term Ecosystem Supporters And Builders appeared first on Blockonomi.

In December 2021, Polkadot achieved something it had been working on for a long time:  Parachains from its first round of auctions went live.  This was years in the making, and with all roadmaps that reach a major milestone, it was a big win for Polkadot, the parachains, and the blockchain industry as a whole. […]

If you are familiar with the workings of decentralized finance (DeFi), you may have heard about the term ‘Impermanent Loss’ at some point in your journey. This arises from providing liquidity to liquidity pools, which are controlled by an automatic market maker (AMM). Simply, Impermanent Loss (IL) happens when the prices of your tokens change […]