You’re probably familiar with traditional cryptocurrency exchanges like Coinbase or Binance. And, you probably know that these exchanges are run by central authorities which hold your funds in custody while you trade. This puts your money out of your control and at risk of theft. But did you know that many decentralized exchanges or DEXs …
A coin burn is when you take cryptocurrency, coins, or tokens and destroy them. Many coins or tokens have built-in mechanisms which periodically burn a portion of their existing supply. The idea is pretty simple. When you burn a coin, you lower the total supply of the coins in circulation. And according to the law of …
A decentralized exchange, or DEX for short, is like a stock exchange run by a smart contract on the Ethereum blockchain. Although both allow you to trade assets, a decentralized exchange trades cryptocurrency only and so does not require a centralized authority to operate. Instead, a decentralized exchange uses a smart contract to enforce the …
Thanks to the support of the community DeFi Pulse has quickly become a resource people turn to when discussing decentralized finance. Up until now, DeFi Pulse only ranks on-chain DeFi projects. But we know that the DeFi community is larger than what’s listed on the leaderboard. And some aspects of our community aren’t as easily …
cDai is like an instant Dai savings account Lending is one of the most popular ways in DeFi to earn interest. But did you know it just got easier than ever? As you may know, Compound, a money market protocol, allows you to earn a variable interest rate in return for supplying tokens that other users …
