Several BAYC and CryptoPunks collectors who put up their tokens as collateral backing for Ethereum loans have been unable to settle their dues. Crypto analysts believe this could mark the onset of the first major liquidation crisis in the NFT industry. BendDAO Loans and Possible Risks Rumors of a liquidation spiral began earlier this week following a post about NFT lending platform BendDAO. BendDAO is a web3 protocol that allows users to take out loans in Ethereum using their non-fungible…
Tag: dYdX
Beginner’s Guide to Trade Cryptocurrencies Derivatives on dYdX Crypto Exchange
With the rise of decentralized finance, the cryptocurrency market has seen an influx of interest from investors. Traders hope to profit from interest on their holdings or long- or short-term asset movements. Traders only need to connect their wallets to dYdX to start using this platform. This mechanism wishes to reduce the overall complexity of the system. Do you wish to learn more about dYdX? Our team reviewed this platform to provide you with a guide on this popular crypto…
2 months ago 
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Top DeFi (Decentralized Finance) Coins to Trade on OKEx
Blockchain technology has brought with it numerous innovations, one of them being Decentralized Finance (DeFi). DeFi platforms are the next-generation of financial primitives set to transform "traditional" financial services such as borrowing, trading, lending, payments, and investing. These platforms employ open-source software and composable frameworks, i.e., smart contracts to offer financial services with no border limitations and in a trustless and transparent manner with no intermediaries present. DeFi is among the hottest topics in the blockchain space this year. Over…
2 years ago 587
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