According to the latest research, one of the industry’s largest DeFi protocols is facing an incentive crisis. In his report, Alex Kroeger, an Ethereum researcher, found that most Compound’s liquidity miners have little to no economic interest in the protocol and do not participate in the protocol’s governance. The report analyzed the top 100 accounts…
DeFi was the hottest topic of the year in the 2020 crypto realm. It has ruffled feathers and disrupted the financial world as blockchain technology transcends simple value transfer to include other financial services. DeFi is a game-changer, innovation at the forefront, a promise, the next step to a global financial ecosystem where anyone, anywhere,…
The decentralized credit lending and borrowing platform launched the Compound Chain yesterday. But it received bouquets and brickbats both. For the uninitiated, the project is a decentralized, blockchain-based protocol that allows users to lend and borrow crypto. COMP is its native utility token that allows them to govern the protocol. Users can lock up a…
It appears we just saw our latest DeFi exploit/attack, but this one was much different than all the rest. Bitcoin, Ethereum, and the rest of the crypto market spiked dramatically lower on Wednesday evening as buying pressure finally abated. The running theory is that due to it being Thanksgiving, the buying pressure that had come…