8btc Interview | Fei Protocol: How to Build a Sustainable Algorithmic Stablecoin

Mar 5, 2021

At present, as DeFi’s cornerstone, stablecoins are still in the stage of being dominated by centralized assets such as USDT and USDC. Traditional decentralized over collateral stablecoins (like DAI), have problems of low asset efficiency. In order to solve this problem, since last y...

Crypto User Index Shows Low DeFi Interest in China 

Jan 29, 2021

While decentralized finance (DeFi) is most popular in Southeast Asia where more than 50% of users use their decentralized applications (dApps), crypto users from China are least likely to use DeFi applications, findings from Binance’s 2021 Global Crypto User Index suggest. 54% of t...

2020 Review: DeFi in My Eyes

Jan 6, 2021

Editor’s note: the story is written by Pingfeng, a DeFi analyst with 8btc. “Participating in blockchain is a bit like playing Adventure Island. With the progress bar moving forward, you’re driven to follow it closely, otherwise, game over.” This is what I thought about DeFi last A...

DeFi’s path to overtake traditional finance

Nov 17, 2020

The summer of 2020 witnessed the mania of Decentralized Finance (DeFi) which swept the crypto world with its market value once exceeding US$1 bn and hundreds of billions of digital assets involved in the financial services provided by DeFi products. As the market gradually cools down, you ...

View MOV SuperTx From Perspective of Harvest+Curve

Oct 26, 2020

After news broke of this incident, rates of corresponding stablecoins fluctuated as Curve.fi’s rate balance was broken by a flash loan attack. As you would expect, some aggregators, especially stablecoin yield farms, are linked to curve.  Therefore, these events may result in an instant rat...

Chinese State Media Outlets Engage in Coordinated Effort to Promote Cryptoassets

Sep 27, 2020

While blockchain technology has been heavily discussed and promoted in China, digital assets themselves have fallen into the shadow of the country’s upcoming digital yuan. However, this might soon become a thing of the past as the latest reports from China show that the country’s Communist P...

Why China’s Central Exhange DeFi Offerings Seem Half Baked

Sep 21, 2020

Two types of DeFi players emerged in China during the past few weeks: the OGs who are busy claiming airdropped UNI tokens, the governance token of Uniswap; and the newbies who are scratching their heads trying to get in the game but can’t because of high gas fees, or lack of know-how. ...

Liquidity Mining in Chinese Traditional Crypto Miners’ Eyes

Sep 15, 2020

Liquidity Mining has evolved into a low rumble as more and more people get interested, including Chinese crypto players. But what do traditional crypto miners in China think of liquidity mining? Capital is not safe in liquidity mining Traditional POW miners focus on machine, coin ...

8btc Interview | How the Nine Multisigs Lead Sushiswap to Decentralization

Sep 15, 2020

‘Crypto drama of the year’, ‘Uniswap killer’, when you hear people using these words, what will you think of? In crypto community this year, it's definitely Sushiswap. Sushiswap, was born as a fork of Uniswap, but is not willing to become just the shadow of Uniswap. Having locked up $...

Chang Jia: By Cross-chaining, Bytom’s MOV Protocol Can be Deployed on Ethereum

Sep 15, 2020

According to data from defipulse.com on September 2, DeFi's locked assets have reached 9.44 billion US dollars. In the past 3 months, this value has increased nearly 10 times. DeFi, like a lightning bolt, divided the crypto world into two eras. We are entering the second era as we speak...