Introducing Interest Per Year, or IPY for short, a new metric created by DeFi Pulse used to track the performance of DeFi lending markets. Imagine IPY like the speedometer for DeFi measuring the speed at which interest is accruing in DeFi lending protocols given the borrow rate and outstanding debt at that moment. IPY is useful …
Decentralized finance (DeFi) is changing the way people interact with their money. However, we know it can be a lot to take in. Don’t worry, because we’ve put together this quick guide to give you jump start. Start making money on DeFi in 4 steps If you’re familiar with Ethereum, these steps will only take …
The Maker Foundation announced at Devcon5 that Multi-Collateral Dai is coming November 18th, 2019. This means that you will soon have the opportunity to earn interest with your DAI. It’s all thanks to a new feature coming with Multi-Collateral Dai called the Dai Savings Rate, or DSR for short. What is the Dai Savings Rate …
Margin trading is extremely popular in the cryptocurrency markets. In the past, traders used to rely on centralized exchanges to trade using leverage. But recently, DApps that provide this kind of trading have become some of the most popular services in DeFi. What is margin trading? Margin trading is a method of trading using borrowed …
The internet has evolved over time to become a vital part of our daily lives. Web3 marks the next evolution of the internet where websites, applications, or services are controlled by their users. When you see the phrase “Web3 compatible” this often means that the website or service interacts with the Ethereum network. If you’re …
So you keep hearing about Ethereum and DeFi from a co-worker, family member, or friend and want to learn more. It’s no wonder everyone is talking about DeFi, or rather decentralized finance, when it’s the fastest growing sector of finance. DeFi applications built on the Ethereum blockchain currently in control of $500 million worth of …
Decentralized application (DApp) commonly refers to an application built on top of the Ethereum blockchain using smart contracts. The exact definition of DApp can be hard to pin down because things change so quickly. But, the term DApp can be loosely defined by the qualities that decentralized applications share. Decentralized applications come in many different …
Smart contracts exist on the blockchain and can only access data available on-chain. They rely on what’s called an oracle to interact with real world, or off-chain, data. An oracle is a source of data that is being fed to a smart contract. For example, oracles provide data like the price of a stock, weather …
DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum. In simpler terms, it’s financial software built on the blockchain that can be pieced together like Money Legos. To get a feel for the products and services …
CDP stands for Collateralized Debt Position. In laymen’s terms, it’s when you put up assets as collateral in order to take out a loan or debt against said collateral. When you’re talking about Ethereum, a CDP specifically refers to a position or loan taken out in DAI through the MakerDAO smart contract which is backed …
tBTC is an ERC-20 token that’s trustlessly backed by and redeemable for Bitcoin (BTC). In other words, it’s a way for users to deposit their Bitcoin and mint Bitcoin tokens on Ethereum without a middleman or KYC. How does tBTC work? If you’re familiar with MakerDAO and how DAI is created, you might recognize some …
Lately, we’ve been receiving a lot of feedback from those of you in the community about new features and metrics you’d like to see included on DeFi Pulse. We want to let you know that we appreciate this feedback as well as your support of DeFi Pulse. And needless to say, we’re excited to watch …
