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Some systems link lenders to borrowers, and depending on how much demand is on both sides, calculate the ‘interest rate’ for the investor tipping the money. These are called “automated lending protocols,” and the biggest ones were Aave, Maker and Compound, which fell 65 percent, 59 percent, and 72 percent, respectively. DeFi also offers “automated market makers” or decentralized exchanges, which automatically connect buyers and sellers and also provide liquidity to the market. The biggest ones are Uniswap, Curve and PancakeSwap which are down 60 percent, 78 percent and 67 percent respectively since January 1. Australia’s DeFi projects include Synthetix, which is down 38 percent, Maple Finance, which is down 14 percent. . While token prices are the most obvious way to track the performance of a DeFi project, the results show how much demand there is for the system. For example, if many people want to lend their money, the yield is high. When people don’t want to lend it, the yield is

Mooners and Shakers is sponsored by Dacxi, the world’s first purpose-built Crypto Wealth platform. CPI inflation data comes in, fresh 40 year highs, US dollar up, Bitcoin and crypto markets down slightly. This episode is sure to be played over and over again. Have these high inflation figures been largely “appreciated”? Possible. In general crypto is dipped in the news, but at the time of writing this is nothing more than scraps of paper. The US Consumer Price Index (CPI) inflation figures are due at 8:30 a.m. EST on Wednesday. And at 9.1% compared to the 8.8% expected by most, this is the biggest year-on-year increase since 1981. Good times. At least US financial analyst Jim “As Seen on TV” Cramer calls the inflation peak pretty much here. While it doesn’t inspire much belief according to some/many… Great, we now have confirmation that inflation will continue to explode — Doctor Stonk (@stock_doctor) July 13, 2022 Actually… said Cramer, let’s see if the Fed sticks to the guns of

Plain text size Larger text size The text size is very large In the strange world of cryptocurrencies, and particularly the wild western social media investment schemes, things are not always as they seem. Take the extraordinary story of the Australian man Michael Daher. Talk to Era and Sydney Morning Herald from an undisclosed location in Perth, Daher confirmed that he was not the mastermind of an alleged cryptocurrency ponzi scheme that swindled $200 million from 7000 investors, including in Australia, in two quick months. Michael Daher of Metafi Yielders said he had been framed but investors in the group’s cryptocurrency scheme were still looking for his blood. Yes, there he is in a promotional video posted on YouTube as the self-described chief executive of the Metafi Yielders cryptocurrency-related investment scheme. Yes, that’s him who is listed in the company’s records as a director of an Australian entity formed as part of the scheme. Yes, it was him who rebuked investors f

Given we’re in a bear market right now, what about the Web3 share of the fund? Obviously, it’s going down, and this is why the allocation is small. But we’re figuring things out over a five to seven year timeframe, and while the current downdraft is putting some drag on the portfolio, to me, it’s actually pretty good in terms of cleaning up a lot of the bad stuff in the space. Bitcoin and other cryptocurrencies had a tough six months. Credit: AP And what regulators are trying to implement, within a clear framework and legislation, is to avoid this. What happened today is a rerun of what happened in traditional financial services over the years. That’s very clear when you look at some of the influences in the Web3 space. It doesn’t cease to amaze me that people are taking on so much influence in a space that is already growing so fast. Why would you want to do that? Yeah, when you look at things like the Celsius drawdown pause and the interest rates they offer, I mean, do people rea

Mooners and Shakers is sponsored by Dacxi, the world’s first purpose-built Crypto Wealth platform. Bitcoin and Ethereum are pumping, Celsius has reportedly paid off its BTC loans, and most of the top coins are having a good day. That’s all, the bear market is officially over, go up only from here. Sorry, got carried away – haven’t seen a crypto green day like this for a bit (though yesterday wasn’t too bad either). Source: Coin360.com Just a relief rally pump? Possible. With the next batch of US inflation data looming on July 13 and many experts expecting another 75bp rate hike from the Fed, there is no way the prospect of a flat-to-bearish downtrend can be ignored. That said, at least one prominent US financial analyst saw an orange glow at the end of what has been a pretty dank, sad, overused tunnel this time of year. Mike McGlone, senior commodities strategist at Bloomberg factored in the following… #Bitcoins could be one of the biggest bull markets in history at a relatively di

News of crypto contagion keeps coming, and dominoes keep falling. Big crypto lending company Nexo is eyeing rival Vauld, while big crypto broker Voyager recently filed for bankruptcy. London-based leading cryptocurrency lender Nexo has offered to buy Singapore competitor Vauld, which suspended operations earlier this week due to financial problems. Vauld has stated it is exploring restructuring options, so this could be a sought-after savior. In fact, Vauld CEO Darshan Bathija tweeted about the company’s potential deal with Nexo yesterday… The completion of this transaction is pending due diligence – which both teams are working on as we speak. Vault has gone to great lengths to provide long-term value to all its customers, and we believe in being under @Nexo umbrellas will significantly help achieve this. — Darshan Bathija (@darshanbathija) July 5, 2022 Nexo is reportedly currently conducting a 60-day due diligence process on the Singapore-based company. The co-founder of the larg