DEXs, MinSwap and MuesliSwap, currently have $30 million and $6.5 million worth of liquidity locked in them respectively On Thursday, COTI Network, the issuer of the Cardano-backed stablecoin Djed announced its upcoming listing on major DEXs MinSwap and Muesliswap. COTI also added that Shen, its reserve coin, would be on that listing. MuesliSwap to List DJED and SHEN On Thursday afternoon, COTI retweeted the MuesliSwap announcement that revealed the exchange’s plan to list $Djed and $Shen in the coming…
Crypto
What is an ASIC Miner?
An ASIC (Application-Specific Integrated Circuit) miner is a computer designed specifically to mine cryptocurrency. It is a piece of hardware designed to perform one specific task, in this case, mining for cryptocurrency. ASIC miners are designed to be as efficient as possible at mining for a particular cryptocurrency, and they can be much more effective at mining than a general-purpose computer. This is because they are built using specialized microchips to perform the hashing algorithms used to mine the cryptocurrency.…
3 weeks ago 113 views
Is DeFi Dead? A Critical Look at the Decentralized Finance Sector
The strong contraction recorded in all DeFi-related tokens in 2022 has prompted many to ask: is DeFi dead? Overview of the Decentralized Finance (DeFi) Sector When DeFi originally appeared, many welcomed it as a groundbreaking crypto advance. Many envisioned decentralized financial services that anybody with an internet connection might access. The promise of decentralization offered the potential to reduce costs, eliminate counterparty risk, and offer greater financial inclusion. DeFi is a set of protocols and applications that let individuals interact…
3 weeks ago 237 views