DeFi

In 2020, the "DeFi Summer" left people fascinated by the charm of Decentralized Finance, and also brought the Ethereum ecosystem to the forefront of crypto space. Let us show you here how to play with the DeFi "Money Legos".

Articles (1923)

What Is Metaplex (MPLX)? A Complete Overview of Solana Token and Digital Asset Issuance Infrastructure
Beginner

What Is Metaplex (MPLX)? A Complete Overview of Solana Token and Digital Asset Issuance Infrastructure

Metaplex is the primary infrastructure for asset issuance on Solana, enabling the creation, minting, management, and distribution of assets—from NFTs to broader on-chain assets—through composable program standards and developer tools. MPLX functions as the governance and parameter coordination layer within the ecosystem. Core, Candy Machine, and the standardized metadata system collectively establish the technical foundation, allowing project teams to develop verifiable, scalable, and sustainable digital asset products within a unified framework.
2026-07-08 03:42:25
KAS tokenomics and KHeavyHash farming mechanism analysis
Beginner

KAS tokenomics and KHeavyHash farming mechanism analysis

KAS was launched fairly, with no pre-mining and no ICO, and all tokens are released through competitive KHeavyHash farming. The total supply is limited to about 2.87 billion tokens. The issuance curve includes a pre-deflationary phase and a chromatic phase, with block rewards smoothly decreasing based on DAA scores. KHeavyHash utilizes Keccak hash matrix multiplication as its core, with miners and RustyKaspa full nodes collaboratively maintaining blockDAG security.
2026-07-07 03:40:21
How does Kaspa differ from other PoW public blockchains like Litecoin, Monero, and others?
Beginner

How does Kaspa differ from other PoW public blockchains like Litecoin, Monero, and others?

The primary distinction between Kaspa (KAS) and established PoW blockchains like Litecoin (LTC) and Monero (XMR) is their ledger architecture. Kaspa employs a blockDAG alongside the GHOSTDAG consensus mechanism to achieve parallel, high-frequency block generation. In contrast, Litecoin and Monero retain the conventional single-chain linear block structure, with each blockchain adopting unique approaches to payment efficiency and on-chain privacy.
2026-07-07 03:38:04
What Is Kaspa (KAS)? Understanding PoW blockDAG, GHOSTDAG Consensus, and the KAS Token Mechanism
Beginner

What Is Kaspa (KAS)? Understanding PoW blockDAG, GHOSTDAG Consensus, and the KAS Token Mechanism

Kaspa (KAS) is a Layer 1 public blockchain utilizing Proof of Work (PoW), replacing the conventional single-chain architecture with blockDAG technology. Leveraging the GHOSTDAG consensus protocol, Kaspa organizes parallel blocks into an orderly ledger, aiming for a block production rate of about 10 blocks per second. The network was launched fairly, with no pre-mining or undisclosed allocations. It employs the KHeavyHash mining algorithm, and its node implementation is RustyKaspa.
2026-07-07 03:31:27
How do blockDAG and GHOSTDAG consensus mechanisms operate?
Beginner

How do blockDAG and GHOSTDAG consensus mechanisms operate?

GHOSTDAG consensus serves as the primary ordering engine in Kaspa (KAS) PoW blockDAG architecture. This allows miners to broadcast multiple valid blocks simultaneously, while GHOSTDAG applies Blue/Red classification and k-cluster rules to transform the parallel block graph into a globally consistent, sequential ledger.
2026-07-07 03:30:23
What distinguishes Kaspa (KAS) from Bitcoin (BTC)?
Beginner

What distinguishes Kaspa (KAS) from Bitcoin (BTC)?

The fundamental distinction between Kaspa (KAS) and Bitcoin (BTC) is in their ledger architectures: Bitcoin employs a single-chain, linear block structure to chronicle transaction history, whereas Kaspa leverages a blockDAG, enabling parallel block generation and establishing a global order via the GHOSTDAG consensus mechanism. Although both systems utilize Proof of Work (PoW), they differ in terms of data architecture, block generation speed, orphan block management, and farming algorithm.
2026-07-07 03:27:48
What are the use cases for Cap? Stablecoin aggregation, USD-denominated yield, and on-chain credit practices.
Beginner

What are the use cases for Cap? Stablecoin aggregation, USD-denominated yield, and on-chain credit practices.

Cap’s use cases center on stablecoin aggregation, USD yield generation, on-chain credit markets, and institutional fund management. Leveraging core modules including cUSD, stcUSD, Vault, and Delegation, Cap aims to create a unified on-chain USD asset layer that bridges the yield market with the risk management framework.
2026-07-06 08:37:55
What Is the Role of CAP Tokens? Governance, Parameter Management, and Protocol Integration Analysis.
Beginner

What Is the Role of CAP Tokens? Governance, Parameter Management, and Protocol Integration Analysis.

CAP token is the native governance asset of Cap Protocol, used primarily for protocol governance, parameter management, Operator access coordination, and ecosystem incentives. CAP does not function as a stablecoin; rather, it connects protocol participants with the governance decision-making system.
2026-07-06 08:37:09
What Is Cap (CAP)? A Comprehensive Guide to Its Principles, Mechanisms, and Ecosystem
Beginner

What Is Cap (CAP)? A Comprehensive Guide to Its Principles, Mechanisms, and Ecosystem

Cap (CAP) is an on-chain financial protocol designed around stablecoin aggregation, yield generation, and risk coordination. Through its modules—cUSD, stcUSD, Vault, Lender, and Delegation—it unites stablecoin liquidity, yield demand, and security safeguards within a unified ecosystem.
2026-07-06 08:35:46
How Does B-Lucky Run an On-Chain Lottery? a Breakdown of User Participation Steps.
Beginner

How Does B-Lucky Run an On-Chain Lottery? a Breakdown of User Participation Steps.

B-Lucky's on-chain lottery ties user engagement and reward distribution together via a sorteo mechanism, a Jackpot pool, and the LUCKY token system, creating a complete GambleFi ecosystem.
2026-07-06 04:03:55
What Does the LUCKY Token Do? Understanding B-Lucky's Economic Model and Reward System
Beginner

What Does the LUCKY Token Do? Understanding B-Lucky's Economic Model and Reward System

LUCKY token is the core asset of the B-Lucky ecosystem, primarily used to connect the rewards mechanism, Jackpot prize pool, and community incentive system.
2026-07-06 04:00:09
What Is B-Lucky (LUCKY)? A Comprehensive Overview of Its On-Chain Lottery Mechanism and GambleFi Ecosystem.
Beginner

What Is B-Lucky (LUCKY)? A Comprehensive Overview of Its On-Chain Lottery Mechanism and GambleFi Ecosystem.

B-Lucky (LUCKY) is a GambleFi platform that integrates on-chain lottery, reward mechanisms, and a community ecosystem, connecting user participation, prize pool system, and value cycle through the LUCKY token.
2026-07-06 03:55:47
Key differences between OUSD and USDC, USDT: governance, fees, and yield structures
Intermediate

Key differences between OUSD and USDC, USDT: governance, fees, and yield structures

OUSD (Open Standard), USDC (Circle), and USDT (Tether) differ fundamentally in governance and economic models. OUSD employs collaborative governance through a partner board, offers zero mint/redeem fees, and allocates reserve yields to ecosystem partners. In contrast, USDC and USDT are managed by single issuers who make unilateral decisions, generally impose mint/redeem fees, and retain reserve yields for themselves. While all three stablecoins are pegged to the US dollar, their mechanisms serve different roles in large-scale enterprise capital flows.
2026-07-03 08:50:18
OUSD vs. USDG (GDN) Comparison: How Do These Two Consortium Stablecoin Networks Differ?
Intermediate

OUSD vs. USDG (GDN) Comparison: How Do These Two Consortium Stablecoin Networks Differ?

The main distinction between OUSD (Open Standard) and USDG (Global Dollar Network) centers on their governance and issuance frameworks. OUSD is overseen by Open Standard, an independent operating company, with collective decision-making involving a partner board and a focus on zero mint/redeem fees, supported by a network of more than 140 founding enterprise partners. In contrast, USDG operates under the licensed issuance framework of Paxos, with the Global Dollar Network (GDN) defining partner roles and Rendite rules; USDG launched in November 2024. Both tokens direct reserve Rendite toward ecosystem partners that drive adoption, but they differ in issuer structure, regulatory approach, and stages of network expansion.
2026-07-03 08:49:40
How Do Businesses Integrate Open USD? Integration Paths and Role Guide
Beginner

How Do Businesses Integrate Open USD? Integration Paths and Role Guide

Integrating Open USD means adopting OUSD as a core transactional asset layer on a platform or service, selecting modules by role (financial institution, PSP, exchange, or platform), and completing mint/redeem, settlement, and compliance connectivity. Joining Open Standard provides technical documentation, integration support, and eligibility for Hold, Mint, and Accept-based revenue sharing; after launch, reserve disclosures and on-chain reconciliation verify operational status.
2026-07-03 08:38:40
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