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What will become of Lido Finance as sETH gets depegged for the second time this month

What will become of Lido Finance as sETH gets depegged for the second time this month

stETH is a token representing staked Ether in the Lido Finance platform, combining the value of an initial deposit + staking rewards. A derivative token backed 1:1 by ETH. Users who stake their ETH on the Lido Finance platform receive the staked derivative in return. Users/stakers can access the value of their staked tokens while …

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Defi Platforms and Smart Contract Tokens Suffer the Most During the Crypto Market Rout

Defi Platforms and Smart Contract Tokens Suffer the Most During the Crypto Market Rout

While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens has suffered a great deal. Statistics show that the total value locked in defi has dropped 7.96% since May 18, to roughly $104 billion, and …

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How to Earn Passive Income from NFTs: 4 Ways That Already Work

How to Earn Passive Income from NFTs: 4 Ways That Already Work

Source: iStock/rzelich You probably aren’t yet aware of this but non-fungible tokens (NFTs) represent an untapped passive income-generating opportunity. Read on to learn how you can earn passive income with NFTs using a variety of methods that actually work. Staking NFTs The convergence of NFT technology and decentralized finance (DeFi) protocols has led to the …

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Turkish finance minister says economy liberal, growth sustainable

Turkish finance minister says economy liberal, growth sustainable

© Reuters. FILE PHOTO: People shop at a open market in Istanbul, Turkey, June 10, 2022. REUTERS/Dilara Senkaya ISTANBUL (Reuters) – Turkey’s Finance Minister Nureddin Nebati said on Saturday that the Turkish economy is liberal and will continue to grow in a sustainable way after the government introduced steps to support it. Speaking to businesses …

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IMF still has concerns over Pakistan budget

IMF still has concerns over Pakistan budget

Please try another search Economy 17 hours ago (Jun 11, 2022 09:25AM ET) © Reuters. FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas/File Photo By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) – Pakistan’s finance minister said on Saturday …

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Frax Founder Sam Kazemian Plans $20M Repurchase of ‘Undervalued’ FXS Token

Frax Founder Sam Kazemian Plans $20M Repurchase of ‘Undervalued’ FXS Token

Frax Finance founder Sam Kazemian proposed to repurchase up to $20 million of the DeFi protocol’s own FXS token, to prop up the battered cryptocurrency following the recent marketwide sell-off. Kazemian believes that the digital asset is “significantly undervalued” and does not represent the true value of the Frax protocol nor the “resilience” of the …

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Keon selects Algorand as L1 solution for regulated DeFi asset management ecosystem

Keon selects Algorand as L1 solution for regulated DeFi asset management ecosystem

Related News Algoracle, a decentralized oracle network that links the Algorand blockchain to the physical world, announced today it recently closed a seed funding round for $1.5 million (USD) to help accelerate the development and launch… Read more Algorand, a next-gen blockchain application network, today announced a major release that will empower the creation of …

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