Tag: Defi
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Annon Founders could be a big problem for DeFi
Recently DeFi just had its first scandal of 2022, and no, it’s not a rug pull, flash loan exploit, or hack (That’s so 2020). It’s even more “Scandalous.” This one brings a “Crypto Ghost for the past.” Time Wonderland, a souled called DeFi 2.0 platform that is a fork of Olympus Dao on Avalanche, is…
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What is Impermanent Loss? And how to avoid it.
We wrote about yield farming in our last post and had a basic concept. On this one, we will talk about the dark side, which is impermanent loss. We will also give you some tips on avoiding getting wiped out. As always, we start with the definition of what this is. In DeFi, there…
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What is Yield Farming?
The DeFi world is full of opportunities, and we love it! No matter where you are in the world, you can take advantage of protocols that can give you higher interest, loans, derivatives, options, and pretty much anything your financial taste desires. In this post, I will explain one of the features that are a…
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Is saving your money in the bank really worth it?
If you know anything about financial literacy, saving your cash is an essential part. Whether to have a rainy day/ emergency fund, save for a purchase, or anything in between, keeping your hard-earned money will lead you to the financial promise land. However, we have come very far from the piggy banks and saving money…
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Cryptocurrency and Defi may be your best chance for financial wealth
The state of finance at this moment has never been better. We have lived through a financial crisis, wars, and a pandemic. The most significant economic era is the 21st century. Yet, even with that, banks give a nominal interest rate to their customers on their savings account and charge services fees for checking and…
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A Guide to Stablecoins
When we talk about cryptocurrencies, Bitcoin and Ethereum come to most people’s minds, which passes onto Decentralize and Open finance. But this should not be the case since I don’t see in any foreseeable future using BTC or ETH as fiat currency for many reasons that I will have to explain in another post. The…
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Why should we care about Defi?
Decentralized and open finance is the new frontier, and for some of us are all in on this new technology, but for some that are just entering into the crypto world by investing in Bitcoin or Ethereum, the question still is: Why should we care? The fact of the matter is that defi is a…
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There is no such thing as the Ethereum Killer
Since the ethereum launch, it has been one of the best things in technology since the creation of operating systems. The ability that eth has given developers to create applications via smart contracts because of this Decentralize and Open finance has been able to thrive. Ethereum is this fantastic tool but is not perfect, and…
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Stop listening to billionaires talking about crypto
Lately, with the recent crypto-cash, we have seen what I call “The blame game” This is what mainstream media does to get attention and look like they know what they are talking about, so far, the two people that are pointing the finger at are Elon Musk and China. There may be something there with…