What is the role of Stablecoins in DeFi? Which is the most successful stablecoin in DeFi? It is necessary for us to understand the current state of stable coins and opportunities in future, thus preparing forward-looking strategic reserves for the changing crypto market. We share our analys...
What is MOV JieDai protocol? The MOV JieDai protocol is a crypto asset rate protocol based on the Bytom mainchain and Bytom layer2 sidechain Vapor. Simply speaking, MOV actually realizes the lending service like a bank through rate algorithm model based on smart contract. User...
The DeFi industry in China and Southeast Asia is about to get a major liquidity injection, thanks to the latest fund started by one of China’s largest banks. According to the latest reports, CMB International, a wholly-owned subsidiary of the China Merchants Bank, has launched a fund...
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...
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...
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...
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 ...
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...
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...
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. ...
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