DeFi

Privacy coins provide data protection for blockchains by hiding the sender, receiver, and transaction amount. Their use cases go far beyond anonymous payments, extending into commercial transactions, asset security management, and identity privacy protection. Zcash, which uses zero-knowledge proofs, introduces an “optional privacy” model that allows users to choose between transparent and private transactions, making it adaptable to a wide range of real-world needs.

A parachain auction, as it is also known, involves two types of crypto coins: Polkadot (DOT) and Kusama (KSM).

Lend or borrow crypto at your desired prices, without intermediaries

Use MetaMask to interact with Ethereum or other blockchains directly from your browser.

What blockchain is, its utility, the meaning behind layers and rollups, blockchain comparisons and how different crypto ecosystems are being built?

Liquidity Farming is a new trend in Decentralized Finance (DeFi), which enables crypto investors to fully utilize their crypto assets and obtain high returns.

A stablecoin is a cryptocurrency with a stable price, which is often pegged to a legal tender in the real world. Take USDT, currently the most commonly used stablecoin, for example, USDT is pegged to the US dollar, with 1 USDT = 1 USD.

Uniswap is a decentralized crypto trading protocol built on the Ethereum blockchain that allows anyone to swap ERC-20 tokens directly from their wallet or to create liquidity pools of the tokens.

Yield Farming is an earning strategy in DeFi that allows crypto owners to receive rewards or other interest in exchange for lending or staking their funds.

Connection and asset transfer between blockchains

Blockchain bridges are specific protocols whose function is to connect two blockchains creating the possibility of transferring assets from one network to another

Yearn.finance is a decentralized smart financial product built on Ethereum. It implements algorithms to shift assets between different smart contracts to attain the highest yields. Yearn.finance launched the YFI token in July 2020. Its price soared from $3 to $30,000 within one month, which rapidly attracted a large number of investors. Its founder, Andre Cronje, is a South African fintech developer. He created Yearn.finance when he realized that different DeFi applications offer different yields. Users flocked to Yearn.finance soon after it was launched. Its market cap reached $1.5 billion by September 2020. Data shows that its total value locked in the network exceeded $6 billion at its peak in November 2021. How did the craze sweep the whole crypto space? How does it work? Let’s explore.

Rollups represent one of the most popular and effective Ethereum scaling solutions. As a Layer 2 off-chain scaling solution, Rollup bundles thousands of off-chain transactions into batches and sends them to the main blockchain for storage and verification. It greatly improves transaction volume and transaction speed while inheriting the security of Ethereum Mainnet.

Wrapped tokens are tokens that are pegged against other cryptocurrencies and exist on other blockchains. They increase interoperability among blockchain networks.

Flash loans are a form of unsecured loans available to cryptocurrency traders on some DeFi protocols that require no collateral or intermediaries.