Category: defi






Rice-Based Stablecoin Is Being Launched in Indonesia


Rice-Based Stablecoin Is Being Launched in IndonesiaPRESS RELEASE. Penjaga Lilin Nusantara, an Indonesian Cooperative in Malang- East java is setting up Ricetron.com a Tron-based DeFi to tokenized rice-based stablecoin. The website aims to invite crypto enthusiasts to stake Tron and mint RET (Rice Economy Token), a governance token that will fund RIC (Rice Inventory Coin) stablecoin. RET token holders will benefit […]



xSigma Announces Its ETF-Like Decentralized Fund and Platform


xSigma Announces Its ETF-Like Decentralized Fund and PlatformPRESS RELEASE. ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN“, “ZK International” or the “Company”), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, is pleased to announce its ETF-like decentralized fund and platform, which is the second DeFi project in […]







Uniswap’s founder wants your advice on how to spend $500 million


With Uniswap's treasury now worth more than $500 million, creator Hayden Adams has asked the crypto community for suggestions on how to spend it.

Unsiwap creator Hayden Adams has taken to crypto-twitter to source feedback on how the DEX should allocate its $500 million governance treasury.

With Uniswap’s native UNI token currently trading at $9.30 after rallying to break its previous all-time high of $7.10 last week, the vested share of Uniswap’s warchest is now valued at more than half a billion dollars.

“What are some of the most impactful ways governance can allocate this UNI?” Adams asked the community.

Adams received a variety of suggestions, including a request for a second UNI airdrop to recent Uniswap users, a call for 90% of Uniswap’s governance tokens to be burned, and tongue-in-check proposals for the funds be invested in hiring the “shilling” services of various Twitter-users.

Cihan Oztunc, product manager at the New York Stock Exchange, recommended Uniswap launch a VC firm to invest the treasury into promising new crypto projects:

Meanwhile, Marquet exchange co-founder, Emiliano Bonassi, tweeted that Uniswap should invest in accelerating the development of Layer 2 scaling solutions.

DeFi commentator Samuel Shadrach asserted Uniswap should buy up a majority share of SushiSwap’s supply and try to force a merger between the two platforms.

In September, Uniswap suddenly unveiled its native UNI token, with 43% of the token’s one billion supply retained by the project’s governance treasury for distribution over “an ongoing basis through contributor grants, community initiatives, liquidity mining, and other programs.”

In its four year token release cycle, the protocol will vest to the governance treasury on a continuous basis starting at 40% of the total allocation of 430 million UNI in the first year and reducing to 10%, or 43 million UNI by year four.











Multiple DeFi mainstays crack top 20 in long-awaited ‘Great Repricing’


For DeFi believers, vindication has been every bit as profitable as it’s been sweet

Hardcore decentralized finance (DeFi) adherents woke up today to a long-awaited sight on Coingecko’s top 100 rankings by marketcap: native tokens for popular DeFi platforms Synthetix and Aave have cracked into the top 20, an event DeFi observers have heralded as “The Great Repricing.”

DeFi investors, users, and builders have long argued that the sector writ large is wildly undervalued relative to other cryptocurrency projects given DeFi projects’ growing userbases, cash flows from protocol fees, and high levels of activity compared to “zombie chain” layer-1 networks scattered throughout the top of the marketcap rankings.

The wider market appears to have finally woken up to the incongruities. SNX and AAVE are up 40% and 74% on the week, both topping $2.3 billion by marketcap and eclipsing layer-1s such as Tezos and Tron. 

The moves follow promising developments for both projects. Aave has a proposal in the works that, if approved by governance, will alter the $370 million Safety Module to potentially create a whole new insurance product line, while Synthetix has been buoyed by the launch of a layer-2 scaling solution

What’s more, some think this could be just the start for DeFi assets as a new “alt szn” dawns.

“While this is an important milestone, it is only the beginning of a trend we’ve been talking about for a while,” said Delphi Digital partner José Macedo in an interview with Cointelegraph. “[...] In terms of where this is going, the TAM for consumer finance is $3.2T. We see the value prop for DeFi as doing to finance what the internet did to data; transforming financial primitives into “Money Legos” and creating an open ecosystem that enables permissionless innovation across the stack.” 

It’s a long-term view that could have accomplishments like reaching the top 20 by cryptocurrency rankings seem like a pittance, but Macedo warns that the road to reaching such lofty goals won’t necessarily be a smooth one:

While the general direction is clear, it’s worth remembering that you cannot have massive upside without volatility. We are undoubtedly in for a bumpy ride, with regulation looming large and DeFi being declared dead many times over.


$100 Swaps: Ethereum Dex Volumes Saw $39 Billion Last Month Despite ‘Insane’ Trading Fees


$100 Swaps: Ethereum Dex Volumes Saw $39 Billion Last Month Despite 'Insane' Trading FeesDuring the last 12 months, Ethereum-based decentralized finance (defi) solutions and decentralized exchange (dex) platforms have been very popular. Dex applications, in particular, have seen massive demand and during the last 30 days, dex trade volumes have reached $39 billion in swaps. However, one of the biggest issues confronting dex users continues to be the […]


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