On Thursday March 12, 2020, the price of Ether (ETH) dropped over 30% in about 24 hours. The result sent chain reaction rippling through DeFi in an event many will likely come to refer to as Black Thursday. DeFi users rushed to make transactions like trading on DEXes, paying off debts, bolstering collateral ratio, etc. …
Lately there’s been some buzz around the concept of social money in the crypto space. If you’re not familiar with the term, you’re probably asking yourself: “What is social money?” And to be honest, the term’s so loosely defined to the point it’s probably easier to see a few examples. So, here’s a Uniswap interface …
No, we’re not talking about the beverage. We’re talking about this new token creating buzz in the Ethereum community lately called Chai. CHAI is an ERC20 token that’s like DAI which earns interest from Maker’s Dai Savings Rate (DSR), currently 4% as of writing this. It’s a lot like how cDAI represents DAI supplied to …
At 12:25 AM (UTC) on December 8th, 2019, the Ethereum network mined block 9,069,000 activating the Istanbul network upgrade. Let’s take a look at how the upgrade might affect existing and future DeFi applications. So what’s changed with the Istanbul Upgrade? Istanbul included 6 Ethereum Improvement Proposals (EIPs). EIP-152: Add Blake2 compression function `F` precompile …
Don’t panic. Everything is ok. The Maker system has been upgraded to Multi-Collateral Dai. You should see SAI in your wallet instead of DAI. This just means it’s time to migrate your “DAI”, now referred to as SAI, to Maker’s new architecture. With the launch of Multi-Collateral Dai on November 18th, 2019, the name and …
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 …
