Algorithmic stablecoins are stablecoins pegged to real-world assets through algorithms and smart contracts rather than asset-backed stablecoins, which are pegged by holding cash and common cash equivalents. These algorithms often control the supply and demand of a certain coin to maintain its 1:1 peg. By using code and smart contracts to maintain a peg, algorithmic …
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BendDAO is a borrowing protocol where borrowers use NFTs to take out Ether loans rather than cryptocurrency collateral. The lenders of this ETH can then earn interest on deposited funds. There are currently only six groups of NFTs that are recognized by BendDAO as NFTs able to be locked in as collateral. This group includes …
BendDAO Makes Emergency Proposal During Credit Crisis Read More »
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Kraken is the 4th largest cryptocurrency exchange by trading volume and now supports over 110 coins on its network. In 2020, Kraken became the first exchange to receive a banking license from the state of Wyoming. This made Kraken able to offer fiat services along with digital assets. In addition to Kraken’s use as a …
Kraken Discusses Risks Surrounding Ethereum’s Proof of Stake Transition Read More »
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