The flurry of Yearn.finance (YFI) “mergers” continues as the project announces the tightest DeFi integration yet, this time with SushiSwap (SUSHI), the decentralized exchange that began its life as a Uniswap fork. Announced by Yearn founder Andre Cronje on Tuesday, the collaboration involves a variety of synergies between the two ecosystems and other projects launched by Cronje. Like with previous integrations, the two teams will merge development resources and integrate their liquidity pools to increase the total value locked. Yearn will help in creating an xSushi vault to farm SUSHI, Ether (ETH), YFI and Wrapped BTC (wBTC). Yearn will subsequently …

DeFi protocol Money on Chain, a lending platform and stablecoin issuer based on Bitcoin (BTC) sidechain RSK, announced Wednesday the launch of TEX, an automated token swap platform based on an order book — with a unique twist. Instead of being available instantaneously, orders are processed in batches according to a slightly variable interval of a few minutes. Each execution, called a tick, matches the orders submitted to the blockchain. Each trade occurring in a given tick is performed at the same average price between all orders submitted by traders. Limit orders submitted by users indicate the maximum or minimum …

The Mooniswap decentralized exchange protocol, developed by DEX aggregator 1inch, will be the first Ethereum DeFi protocol to develop on NEAR, a sharded smart contract platform. As part of a collaboration announced on Tuesday, the 1inch team pledged to port its automated market maker protocol to NEAR. Sergej Kunz, CEO of 1inch, told Cointelegraph that its Pathfinder aggregation algorithm will be eventually implemented as well. The NEAR iteration of Mooniswap will remain independent from the existing version on Ethereum for the time being. While users will be able to use the NEAR Rainbow Bridge to bring Ethereum tokens to the …

A fraudulent mobile application claiming to be the Uniswap exchange has reportedly stolen money from an investor, offering an important reminder of the scams that still pervade the nascent cryptocurrency industry. Alex Saunders, founder and CEO of the Australia-based Nuggets News, recently reported that one of his members lost $20,000 to a fake Uniswap mobile application that was listed on the Google Play Store. The app, called “Uniswap DEX,” was published Nov. 10 by a person or entity called Uniswap Inc. The user reportedly entered in their private key backup phrase, thinking they were accessing the Uniswap decentralized exchange, when …

Just a few months ago, the global finance sector witnessed the meteoric rise of yield farming, which in large part helped to spur the growth of the decentralized finance domain. During Q3 2020 alone, the DeFi market ushered in significant growth for many stablecoins compatible with Ethereum (ETH), such as MakerDAO’s Dai. According to information released by crypto market data aggregator Messari, the overall supply of the Dai stablecoin increased by a mammoth 623% during Q3, propelling the token’s value above $1 for 120 days running. The report also goes on to add that 65% of Dai’s entire token supply …

Some of the biggest names in blockchain have thrown their weight behind a new cryptocurrency derivatives exchange, signaling that the next bull market could be driven by institutional investors. Crypto derivatives platform Globe has raised $3 million in seed investments to launch its Globe Derivative Exchange. The new platform is aimed at bringing institutional investors into the world of cryptocurrency. Early-stage investors in the new venture include billionaire Tim Draper, blockchain investment fund Pantera Capital and venture capital firm Y Combinator. Pantera executive Paul Veradittakit cited growing institutional interest in crypto as one of the primary reasons why his company …

Since topping out at $18,476 on Nov. 17, Bitcoin price has been flirting with the $18,000 level as bulls fight to flip the level to support and chase after the all-time high at $19,789. While this battle takes place and the bulk of crypto and mainstream finance outlets focus on Bitcoin price, a number of less-loved crypto assets are producing generous returns for investors. As shown by Messari’s DeFi assets index, many of the top tokens are providing hefty double-digit gains. Within the last 7 days, AAVE ricocheted off its double bottom to rally 214% and currently trades slightly above …

Long-standing smart-contract platform Qtum will be home to a new decentralized exchange on Friday after QiSwap, an independent liquidity protocol, completed its testnet phase. Qtum indicated in a recent press release that the integration of QiSwap has moved the platform “one step closer to realizing its decentralized finance ambitions.” The launch of the QiSwap mainnet on Friday will allow anyone to build decentralized finance applications and provide liquidity on top of the Qtum blockchain. QiSwap is a decentralized exchange that provides liquidity for the Qtum cryptocurrency and other native assets, dubbed QRC20 tokens. During Phase 1 of the mainnet, QiSwap …

DeFi projects have flourished in 2020. There’s just one problem: questions are being raised about how decentralized some of these platforms really are. As reported by Cointelegraph in September, Uniswap came under scrutiny after it emerged that its team, investors and advisors had been allocated 40% of all UNI tokens. To make matters worse, it appeared that these assets were not locked. Glassnode also criticized the project’s governance, as proposals can only be submitted by those who possess 1% of the entire UNI supply. By its estimations, there’s just one entity that can meet this requirement without embarking on some …

With leading decentralized exchange Uniswap having ceased its yield-farming incentive program, rival automated market makers 1inch, SushiSwap and Bancor are snapping up liquidity providers with targeted rewards. On Nov. 17, the same day that Uniswap’s rewards ended, the cloned, automated market maker SushiSwap announced a new incentive scheme for the same four pairings previously incentivized by Uniswap. Uniswap’s total value locked, or TVL, plummeted by more than $1 billion in less than 24 hours that day. Since posting a record high of $3.07 billion on Nov. 14, Uniswap’s TVL has crashed 57.5% down to $1.3 billion. By contrast, SushiSwap’s TVL …

Since the Financial Action Task Force, or FATF, introduced its controversial “travel rule” for businesses in the crypto space, the debate over the suitability of established regulatory frameworks for cryptocurrencies has been unrelenting. Some experts, however, believe that the industry’s experience with the FATF guidelines is only the tip of the iceberg and hints at more significant challenges down the line. During the concluding panel of the V20 conference on Nov. 18, Siân Jones said that the collision between new, decentralized models of finance and older models of regulation has implications that both regulators and the community are not yet …

Ethereum-powered decentralized applications, or DApps, have attracted more than one million active users over the last 30 days according to analytics platform DappRadar. This milestone comes as interest in decentralized finance, commonly referred to as DeFi, received a second wind, with the number of users growing by 11% in the first 11 days of November. The ten DApps, six of which describe themselves as providing “DeFi and exchange” services, represent more than $21 billion in combined trading volume over the last 30 days. The top three DApps — Crypto.com’s DeFi Swap, Uniswap, and Compound — account for the lion’s share, …