Hey Defiers! Right here’s what we’re masking in the present day!
Markets
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Video
DeFi Explainer
Podcast
Markets
OP HITS ATH
Crypto Rally Good points Steam After Fed Sticks To Plan
A 0.25% Hike Was Broadly Anticipated
By Owen Fernau
Danger property took flight after Fed chair Jerome Powell introduced what had already been broadly predicted — a 25 foundation level rate of interest hike on Feb. 1.
Ether briefly traded above $1,700 for the primary time since September 2022, whereas Bitcoin hit a five-month excessive above $24,000.
Layer 2 community Optimism noticed exercise plummet final week after an incentive program ended, however a brand new proposal from the Optimism Basis has seemingly discovered favour with traders.
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DAI
OlympusDAO Votes To Deposit $77M In MakerDAO
DAI Financial savings Fee Was Elevated To 1% In December
By Owen Fernau
OlympusDAO, which goals to develop what it calls a “decentralized reserve foreign money” and was the poster little one of the ‘DeFi 2.0’ motion, has voted to deposit 77M DAI into MakerDAO’s DAI Financial savings Fee (DSR) module.
Maker, which points the DAI stablecoin in opposition to overcollateralized debt positions, successfully restarted the DSR when it raised its fee to 1% from 0% in December.
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Defiant Video
DeFi Alternatives On Arbitrum Proper Now!
DeFi Explainer
DeFi Lending
What’s Alchemix?
A Primer on the DeFi Lending Protocol
Alchemix is a DeFi challenge that permits customers to collateralize their loans.
Alchemix’s twist is that it tokenizes collateral as one other asset, which is usable in different elements of the market.
That artificial collateral is then borrowed, routinely paying off the unique mortgage with out inducing liquidation threat.
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