How to get paid yield on your crypto assets.
Uniswap and other AMMs incentivizes liquidity providers, in other words, people who deposit ERC20 tokens into the smart contracts on their platform in order to make sure there is always a supply to buy from.
In this article, you will learn about Uniswap, how it works, and how you can leverage your rewards.
What is Uniswap and how does it work?
Uniswap is a fully decentralized, Ethereum-based protocol that provides automated market making based on a simple functional formula. It is built upon a system of non-editable smart contracts.
The smart contracts describe and control both the rules for the liquidity pools and the rules for Uniswap as a decentralized autonomous organization (DAO). A liquidity pool can be created for any two ERC20 tokens, and the related currencies can be swapped with each other according to the platform’s formula. …
The non-fungible token (NFT) segment is a growing market in the dynamic environment of cryptocurrencies. These tokens represent something unique, such as a piece of art, an event, or an achievement — the possibilities are endless.
Thousands of different NFTs circulate on many distributed cryptographic decentralized platforms. Due to their large number alone, it is often difficult to get an overview of these tokens, especially for potential investors.
NFT marketplaces try to make this market more transparent and simplify trading with NFTs for collectors.
Therefore, in this article, we want to present and compare the two marketplaces OpenSea and Aavegotchi. We will explain why we specifically present these two markets, what they have in common, and what differences they have. …
If you want to know what non-fungible tokens (NFT) are, why they are becoming increasingly popular in the crypto scene, and what they have to do with decentralized finance (DeFi), we must first explore the concept of “value” in depth.
What is value?
Value is the innate quality of a thing which makes it desirable to a certain extent. This value can be related to a number of tangible and intangible characteristics, particularly rarity.
The economic value of something therefore depends on its quality and scarcity.
Why is value so important to NFTs?
Non-fungible tokens (NFTs) are cryptographic tokens which are not backed by a traditional asset, and instead are representative of something else, such as an artwork, an event, or a digital item. Thus, many people mistakenly jump to the conclusion that NFTs do not have value. …
When we talk about the present state of the decentralized finance (DeFi) industry, we cannot ignore the topic of wrapped assets. Even before the creation of one of the most famous of these cryptocurrencies, the Wrapped Bitcoin (wBTC) designed by MakerDAO, wrapped assets have been quickly gaining notoriety. Over time, as these wrapped assets have grown in popularity and proven themselves through a multitude of use cases, they have gained more and more trust. However, even many cryptocurrency users are still skeptical about wrapped assets and have many lingering questions on the topic.
Therefore, in this article, we will clarify what wrapped assets are and discuss the advantages and disadvantages of these cryptocurrencies. …
Decentralized finance or “DeFi” is a financial phenomenon that has gained exponential popularity over the past two years. DeFi has been the subject of much debate and attention within the global crypto start-up community, spurring the production of many innovative projects. DeFi is particularly promising in the field of lending, where it has the opportunity to fundamentally change the way liquidity is lent and borrowed. In this article, we will explore the key differences between “traditional” lending via banks and the more innovative DeFi lending.
So first, what is decentralized finance?
The term “DeFi” describes the use of decentralized technology to power financial services operating along the blockchain. This revolutionary field eliminates centralized processes between intermediaries and breaks geographical boundaries. …
If 2017 was the bubble marking the initial adoption of cryptocurrencies, then 2020 is the solidification of this foundational energy, coinciding with the launch of products and projects that will truly unbank the global population.
We have been observing and analyzing the blockchain space as a whole, particularly focusing on the decentralized finance (DeFi) space, for quite some time. Now, we want to share with our followers a mechanism to understand the space that is redefining finance as we know it.
As such, Our Research Series will highlight the different components of this space, and explore the companies we believe are leading the pack in each…
Nakamo.to is excited to announce that over the past few months, we have been creating and formalizing a weekly Research Series that will explore different facets of Web3.0. Some example topics include decentralized finance, IoT, hashing algorithms, and many other topics we think our community will learn from.
Web 3.0 has an interesting but overwhelming amount of buzz in the news and online. We are thus launching our Research Series as a mechanism to sift through the noise. …