Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
DeFi abandons Ponzi farms for ‘real yield’
Decentralized finance is beginning to embrace a hot new phrase: “real yield.” It refers to DeFi projects that survive purely on distributing the actual revenue they generate rather than incentivizing stakeholders by handing out dilutionary free tokens.
Where does this real yield come from? Are “fees” really a sustainable model for growth at this early stage?
It depends on who you ask.
The DeFi ponzinomics problem is our natural starting point.
Ponzi farming
DeFi started to arrive as a concept in 2018, and 2020’s “DeFi summer” saw market entrants — DeGens — piling headfirst into DeFi to early mind-blowing returns of 1,000% a year for staking or using a protocol. Many attributed the real explosion of interest in DeFi to when Compound launched the COMP token to reward users for providing liquidity.
DeFi abandons Ponzi farms for ‘real yield’
Decentralized finance is beginning to embrace a hot new phrase: “real yield.” It refers to DeFi projects that survive purely on distributing the actual revenue they generate rather than incentivizing stakeholders by handing out dilutionary free tokens.
Where does this real yield come from? Are “fees” really a sustainable model for growth at this early stage?
It depends on who you ask.
The DeFi ponzinomics problem is our natural starting point.
Ponzi farming
DeFi started to arrive as a concept in 2018, and 2020’s “DeFi summer” saw market entrants — DeGens — piling headfirst into DeFi to early mind-blowing returns of 1,000% a year for staking or using a protocol. Many attributed the real explosion of interest in DeFi to when Compound launched the COMP token to reward users for providing liquidity.
DeFi abandons Ponzi farms for ‘real yield’
Decentralized finance is beginning to embrace a hot new phrase: “real yield.” It refers to DeFi projects that survive purely on distributing the actual revenue they generate rather than incentivizing stakeholders by handing out dilutionary free tokens.
Where does this real yield come from? Are “fees” really a sustainable model for growth at this early stage?
It depends on who you ask.
The DeFi ponzinomics problem is our natural starting point.
Ponzi farming
DeFi started to arrive as a concept in 2018, and 2020’s “DeFi summer” saw market entrants — DeGens — piling headfirst into DeFi to early mind-blowing returns of 1,000% a year for staking or using a protocol. Many attributed the real explosion of interest in DeFi to when Compound launched the COMP token to reward users for providing liquidity.
DeFi abandons Ponzi farms for ‘real yield’
Decentralized finance is beginning to embrace a hot new phrase: “real yield.” It refers to DeFi projects that survive purely on distributing the actual revenue they generate rather than incentivizing stakeholders by handing out dilutionary free tokens.
Where does this real yield come from? Are “fees” really a sustainable model for growth at this early stage?
It depends on who you ask.
The DeFi ponzinomics problem is our natural starting point.
Ponzi farming
DeFi started to arrive as a concept in 2018, and 2020’s “DeFi summer” saw market entrants — DeGens — piling headfirst into DeFi to early mind-blowing returns of 1,000% a year for staking or using a protocol. Many attributed the real explosion of interest in DeFi to when Compound launched the COMP token to reward users for providing liquidity.
Kraken crypto exchange is next to close doors to Russian users
Former Kraken CEO Jesse Powell previously warned crypto investors about the risks of holding crypto on a centralized exchange.
Kraken crypto exchange is next to close doors to Russian users
Former Kraken CEO Jesse Powell previously warned crypto investors about the risks of holding crypto on a centralized exchange.
Capitulation or profit-taking? Bitcoin whale moves 32K BTC dormant since 2018
What is "usually" an OTC transaction signals change is afoot among 2018 bear market buyers, says Whalemap.
Capitulation or profit-taking? Bitcoin whale moves 32K BTC dormant since 2018
Bitcoin (BTC) worth over $600 million moved for the first time since the last bear market on Oct. 18, analysis has revealed.
In a Twitter thread, monitoring resource Whalemap flagged a transaction involving 32,000 BTC.
Buyer could be “willing to acquire” 32,000 BTC at $19,000
In the latest sign that the current spot price is affecting the behavior of even longer-term holders, a whale entity that purchased BTC near the pit of the last bear market appears to have sold.
According to Whalemap, 32,000 coins left their wallet for the first time since December 2018 this week.
“32,000 Bitcoins belonging to a whale wallet moved yesterday. They were dormant since Dec 2018,” the Whalemap team wrote in accompanying commentary.
Russian users are welcomed by crypto exchanges in Kazakhstan, but there’s a catch
Non-sanctioned foreigners are “more than welcome” at Intebix, but they need to set up a local bank card for crypto-to-fiat transactions, the CEO said.
Russian users are welcomed by crypto exchanges in Kazakhstan, but there’s a catch
Non-sanctioned foreigners are “more than welcome” at Intebix, but they need to set up a local bank card for crypto-to-fiat transactions, the CEO said.
HODL! Tesla hangs onto all its remaining $218M in Bitcoin in Q3
The vehicle manufacturer's latest earnings report for the third quarter shows it's made no changes to its Bitcoin holdings since its huge sell-off in the second quarter.
$4.5T asset manager Fidelity offers ETH custody and trading to clients
According to an email reportedly sent to clients, Fidelity Digital Assets is offering institutional Ethereum capabilities for their clients starting next week.
Bitcoin's discount to hash rate highest since early 2020 — Mike McGlone
The senior commodity strategist is bullish on Bitcoin, revealing on Oct. 18 that its relative discount to hash rate has hit levels not seen since the first quarter of 2020.
'Secretly circulating' draft crypto bill could be a ‘boon’ to DeFi
A crypto bill that industry advocates previously said would “kill DeFi” has seen an updated draft released online with one commentator saying the U.S. is “finally getting their act together.”
Twitter user saves cross-chain bridge from potential exploit
The BitBTC bridge reportedly had a bug that would essentially allow an attacker to mint fake tokens on one side of the bridge, and swap them for real ones on the other.
4,400 disgruntled investors are hunting for Terra's Do Kwon
A retail investor group is trying to track down Terraform Labs co-founder Do Kwon following the crash of the Terra ecosystems’ cryptocurrencies.