Stablecoin yeild
Price volatility continues to be a large barrier to entry for many new users with cryptocurrencies. When it comes to establishing a reliable medium of exchange, stablecoins, or cryptocurrencies pegged to a predetermined value, have quickly become a core focal point for the industry at large. Fiat-collateralized stablecoins retain their peg by utilizing trusted third parties to hold an equivalent amount of legal tender in reserves. Similarly, when a redemption request is made, the issuer will send the buyer USD and burn the redeemed stablecoin.
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Content:
- Stablecoins get their moment as selloff in crypto tokens drives yield hunt
- The only fully regulated platform in the world offering fiat and cryptocurrency deposit rewards
- Coinbase shares fall after it reveals SEC plans to sue over interest-earning product
- A Beginner's Guide to Yield Farming
- Backed by leading investors
- Maximum Yield for Stablecoins: Degenbox by Abracadabra Money
- Different Avenues of Stablecoin Yield Farming
- Crypto Banking and Decentralized Finance, Explained
- e-Money’s Yield-Bearing Stablecoins Are Smart Money for the Crypto Generation
Stablecoins get their moment as selloff in crypto tokens drives yield hunt
News broke on June 28th, when Compound announced their new service through a Medium article which introduced their stablecoin yield service called Compound Treasury. To learn more about Compound Treasury or wish to reach out, they have provided a support email for institutions with inquiries: treasury compound.
The stablecoin yields which are being offered by Coinbase and Compound are very impressive. The exchange offers the majority of the most popular crypto assets to buy and sell, including but not limited to: Bitcoin, Ethereum, Bitcoin Cash, Cardano, Polkadot, Uniswap and Solana. The exchange is simple to use and geared towards beginners, which has resulted in Coinbase becoming one of the most popular crypto currency exchanges in the world.
Coinbase is now available in over countries. The protocol offers investors and users the ability to earn interest on their cryptocurrency by lending the money to the protocol, which in turn offers the investor an APY on the deposited money. The protocol also lets users borrow money against their cryptocurrency on the platform, which is a hugely powerful function which Compound offers.
Compound makes borrowing and lending crypto assets an incredibly efficient process for investors, which as a result, has helped the protocol grow in popularity and size. Sadly for the team behind Qubit, this is not their first encounter as the team faced a couple of hacks in working with PancakeBunny. The latest attack was first pointed out by Twitter user claudeshannon. A little more than an hour later the hack was recognized and acknowledged by PeckShield, a prominent blockchain security auditor.
Certik, another blockchain security auditor, also gave their perspective on Twitter. As more news unraveled, the Qubit team informed the community of the exploit with several tweets. The Qubit Team ultimately published a post-mortem in the early hours of January 28, which explained the details of the attack.
So far, the team has not caught the malefactor and is tracking the associated wallets closely. Qubit has enlisted the support of Binance to help ascertain more information and suss out a solution. The team has put out a plea to the hacker to work with them and return the funds. BSC News will monitor the situation closely and hopes that all parties can find a peaceful solution.
Hacks are never positive and are always a reminder to monitor funds. The developers at Qubit were known to have been vulnerable in the past while working under PancakeBunny. Qubit Finance is a decentralized lending and borrowing platform built on the BSC. Developed by the PancakeBunny team, Qubit connects borrowers and lenders in automated money markets, offering speed, automation, and blockchain security.
Qubit is designed to bring continuous innovation to DeFi. The metaverse is getting more and more popular every day, accelerated by Facebook's strategic move to rebrand to Meta and develop their own metaverse. TCG World , a metaverse project in which everything that the player owns exists on the blockchain, recently announced a partnership with WhiteBIT who will become the first cryptocurrency exchange to build their virtual office in the TCG World Metaverse.
The metaverse will provide WhiteBit a new opportunity to connect with customers and players through the experiences developed on their virtual land. The trailer takes you on a cinematic tour of their virtual building in the snow covered north region of TCG World and offers players an early glimpse of the metaverse development and graphics.
With the game set to go live in Q3 of for community testing, players are excited to jump into TCG World. You can join its popular Telegram or Discord communities in preparation for the release.
Further information can be found over on the official website , where virtual land is currently on presale. The stablecoin yield services will be available to both retail and institutional investors. John Tunney is an accomplished analyst and crypto enthusiast. The UCLA alum has been actively reporting and blogging for 3 years, and has a passion for all things finance. Lorem ipsum dolor sit amet, consectetur adipiscing elit.
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Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere. In-depth analytics revolving around analytics on Binance Smart Chain. The latest Binance Smart Chain crypto news covering developing stories. The latest market wide crypto news covering developing stories focusing on all blockchains. Transcripts of the latest DeFi protocols opening up to questions regarding their DApps.
In-depth project research displaying the core features of the latest DeFi protocols. Exclusive biographies revolving around prominent crypto investors, developers and influencers. A complete guide to developing a working understanding of trading in cryptocurrency markets. User-friendly tutorials on the latest DApps that directly cater to the new user.
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Overall it is vital to proceed with caution when purchasing tokens that have just been listed. This is a paid press release, BSC. Readers should do their own research before taking any actions related to the company.
News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release. Related News. DinoX Wins Battle of the Dapps 2. Kyle Heise. Another situation where the developers behind Qubit are left with few answers for their community.
The collaboration begins to bridge more DeFi services into the metaverse. The Growing Metaverse The metaverse is getting more and more popular every day, accelerated by Facebook's strategic move to rebrand to Meta and develop their own metaverse. Compound and Coinbase Release Stablecoin Yield Products The stablecoin yield services will be available to both retail and institutional investors.
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The only fully regulated platform in the world offering fiat and cryptocurrency deposit rewards
Stablecoins have seen explosive adoption over the last few years. Their broad use started with trading and transferring across centralized exchanges. They have since found their way into DeFi as a staple primitive in the ecosystem. Most importantly, perhaps, is a shift for many crypto natives to holding stablecoins instead of their native currency when exiting risk. The rise of DeFi has enabled users to put these idle assets to work.
Coinbase shares fall after it reveals SEC plans to sue over interest-earning product
Decentralized finance DeFi offers financial instruments without relying on intermediaries such as brokerages , exchanges , or banks. Instead, it uses smart contracts on a blockchain. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on assets using derivatives, trade cryptocurrencies , insure against risks, and earn interest in savings-like accounts. The Ethereum blockchain popularised smart contracts, which are the basis of DeFi, in Other blockchains have since implemented smart contracts. Through a set of smart contracts that govern the loan, repayment, and liquidation processes, MakerDAO aims to maintain the stable value of Dai in a decentralized and autonomous manner. In June , Compound Finance started rewarding lenders and borrowers of cryptocurrencies with, in addition to typical interest payments to lenders, units of a cryptocurrency called COMP. This token, which is used for running Compound, can also be traded on cryptocurrency exchanges.
A Beginner's Guide to Yield Farming
Coinbase has received notice of a possible enforcement action from the Securities and Exchange Commission related to its interest-earning product, which the company had planned to launch in the coming weeks. The cryptocurrency exchange and services firm received a Wells notice from the SEC last Wednesday saying the regulator intends to sue Coinbase over the product, called Coinbase Lend, the company disclosed in a Tuesday night blog post. The SEC didn't immediately return a call for comment. Shares of Coinbase fell 3. The company's chief legal officer, Paul Grewal, indicated in the post that the company was caught off guard by the threat considering its efforts to engage with the regulatory agency for the last six months.
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Maximum Yield for Stablecoins: Degenbox by Abracadabra Money
News broke on June 28th, when Compound announced their new service through a Medium article which introduced their stablecoin yield service called Compound Treasury. To learn more about Compound Treasury or wish to reach out, they have provided a support email for institutions with inquiries: treasury compound. The stablecoin yields which are being offered by Coinbase and Compound are very impressive. The exchange offers the majority of the most popular crypto assets to buy and sell, including but not limited to: Bitcoin, Ethereum, Bitcoin Cash, Cardano, Polkadot, Uniswap and Solana. The exchange is simple to use and geared towards beginners, which has resulted in Coinbase becoming one of the most popular crypto currency exchanges in the world. Coinbase is now available in over countries. The protocol offers investors and users the ability to earn interest on their cryptocurrency by lending the money to the protocol, which in turn offers the investor an APY on the deposited money. The protocol also lets users borrow money against their cryptocurrency on the platform, which is a hugely powerful function which Compound offers.
Different Avenues of Stablecoin Yield Farming
People who've been keeping up with developments in the cryptocurrency space have probably heard the buzz about yield farming. Many of them may want to add this option to their crypto-related activities but feel they need more information first. This guide gives a breakdown of the key topics related to yield farming.
Crypto Banking and Decentralized Finance, Explained
New platforms are allowing users to lend and borrow cryptocurrencies for profit — and threatening to make traditional financial intermediaries obsolete. Of all of the disruptive possible uses of blockchain, decentralized finance or DeFi might be the one most likely to bring this technology to a wide audience — and challenge the established finance industry in the process. By using self-executing contracts on newly formed marketplaces, DeFi allows users to stand in place of large institutions to loan and borrow money to each other, and to earn interest and fees by doing so. There is significant risk inherent these crypto markets, but DeFi offers a less volatile and more accessible point of entry than other markets — and may just have enough appeal to bring blockchain into the mainstream.
e-Money’s Yield-Bearing Stablecoins Are Smart Money for the Crypto Generation
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