Archives: Tokens
What is DFP2? DefiPlaza is a decentralized exchange on Ethereum. Like other exchanges, it offers trades between tokens by functioning as an Automated Market Making (AMM). What makes DefiPlaza special is that it is highly optimised to offer the lowest possible trade cost to the end user. Gas costs per trade are the lowest in […]
What is eXRD? Launch date: Nov 2020 Radix is the first layer-one protocol specifically built to serve DeFi. Decentralized finance applications are currently built on protocols that are not fit for purpose, leading to congestion, hacks, and developer frustration. Radix changes this by introducing a scalable, secure-by-design, composable platform with a DeFi specific build environment […]
What is Sushi? Launched in August 2020, Sushi is an Automated Market-Making (AMM) protocol on Ethereum that was controversially forked from Uniswap with several key changes. SushiSwap is a DEX integrated with Sushi protocol that uses Smart Contracts. How to use / participate? Everyone with ERC-20 tokens including the SUSHI token can add liquidity to […]
What is yearn.finance? Yearn Finance is a suite of products in Decentralized Finance (DeFi) that is designed to generate yield on smart contract platforms like Ethereum. The protocol is maintained by various independent developers and is governed by YFI holders. How to use / participate? Vaults Capital pools that automatically generate yield based on opportunities […]
What is Compound? Date launched: June 16 2020 Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications. Compound connects lenders and borrowers using a combination of smart contracts running on Ethereum and incentives paid in cryptocurrency. How to participate? Compound connects lenders and borrowers using […]
What is Polygon? Polygon was created in India in 2017 and was originally called the Matic Network. Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem. Polygon, formerly known as the Matic Network, is a scaling solution that aims to […]
What is Wrapped BTC? Wrapped Bitcoin is the ERC-20 token for BTC (Bitcoin). 1 WBTC equals 1 BTC. How to use / participate? A standard use for wBTC is as collateral, or a pledge for loan repayment, when taking out a cryptocurrency loan on DeFi platforms. Upon repayment of the crypto borrowed, the collateral, in […]
What is USD Coin? USD Coin is a service to tokenize US dollars and facilitate their use over the internet and public blockchains. Besides, USDC tokens can be changed back to USD at any time. The execution of issuing and redeeming USDC tokens is ensured with ERC-20 smart contract. How to use / participate? USD […]