Alchemix Finance is a one-of-a-kind DeFi protocol that enables the creation of DAI stablecoin pegged synthetic tokens representing future yield. In other words, the protocol assigns deposited DAI stablecoins to the Yearn Finance liquidity aggregator to start earning yield. However, instead of seeing your returns grow over time, you can receive an advance on these … Read more
Yield farming protocols such as SushiSwap are taking the decentralized finance world by storm. In short, yield farming refers to the lending of cryptocurrencies via decentralized exchange (DEX) liquidity protocols. In return for providing liquidity, farmers receive rewards that can reach over 100% APY on some coins. Needless to say, this would put any standard … Read more
First of all, crypto lending platforms provide two key services. Staking crypto to earn interest and depositing crypto for instant loans. Crypto loans differ from that of regular financial institutions. With banks, you need to provide proof of regular income and borrow against your future revenue. Crypto loans, on the other hand, are over collateralized. … Read more