Investors pinpoint DeFi insurance as the next big thing—YFI keeps surgingBTC $11,860 (+1.2%) • ETH $416 (+3.4%) • XRP $0.29 (+1.5%)
Investors believe insurance on Decentralized Finance (DeFi) could become the next big market within the Ethereum space. Major DeFi projects working on insurance, like Yearn Finance (YFI), have surged in recent weeks as a result. Fred Ehrsam, the co-founder of Paradigm, and Andrew Kang, an investor at Mechanism Capital, both say that DeFi insurance could become the next billion-dollar market. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬4chan’s Chainlink, Tendies picks made it the top “crypto fund” of 2020A bunch of internet anons and their crypto picks have purportedly outperformed hedge funds in the crypto space, according to data by on-chain analytics firm Messari. Thanks to our premium sponsors⭐️ CryptoAltum - CryptoAltum is a leading trading platform with a special leaning towards digital assets. Its mission is to make crypto trading easy and accessible to everyone. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Something “unexpected” will need to happen to stop the Bitcoin rally: Bloomberg analystBitcoin has begun to lose grip of the bullish uptrend it was embroiled in. DeFi yield farming is an “unsustainable zero sum game”: Ethereum innovatorIt’s been fair to say that Ethereum’s decentralized finance (DeFi) has entered a mania phase. A coin worth hundreds of thousands of dollars was minted due to a DeFi meme. Yam Finance announces migration to YAMv2 following successful auditThe DeFi craze has led investors and so-called “yield farmers” to jump into just about any protocol that is offering high yields – including ones named after vegetables, like Yam Finance (YAM). This on-chain metric suggests Chainlink is ready to extend its uptrendChainlink has witnessed some intense volatility in recent days, with its strong macro uptrend stalling after it set fresh all-time highs of $20.00 earlier this week. The CEO of Band Protocol on integrating with Binance’s Smart Chain, profitability, and future plansIntegrating Band Protocol’s oracle with Binance Smart Chain has opened a new door for the DeFi industry. Litecoin has massive fundamentals lined up ahead, says Charlie LeeLitecoin — long called the “digital silver” — has strong developments lined up to ensure the token’s long-term growth, said founder Charlie Lee on Twitter earlier today. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article. If you liked this post from CryptoSlate, why not share it? |