If you stumbled across Ampleforth’s native token, AMPL, whilst perusing A site such CoinGecko, you might have dismissed it as just another DeFi token. Maybe you thought it was another one of those governance tokens that granted voting rights. Or maybe you’d heard about it and assumed it was some over-hyped accounting trick. However, this article breaks down all there is to know about Ampleforth.
With some of the Yield Farming profits dropping and the most intense DeFi hysteria waning, another digital asset has been gaining traction that may be able to kickstart the blockchain space: namely, non-fungible tokens (NFTs). Non-fungible tokens could be the future of music and art, gaming, and even real estate. But, since the terms “fungible” and “non-fungible” can be somewhat confusing, let’s dig into what it all means.
As little as a decade ago, you might have been laughed at for bringing up Bitcoin as an asset class you had tremendous confidence in. You might have heard people asking “isn’t crypto a scam?”, dismissing it as something restricted for nefarious activity or cybercrime. In 2020, however, the picture is quite different. In fact, confidence in crypto has never been higher – and a lot of factors suggest it is set to keep rising. Moreover, with trust in traditional financial systems and fiat currencies at a low level, having confidence in crypto is no longer something merely for eccentrics.
If you ask people in the crypto space what they think of when you say ‘oracles’, many will likely say “Chainlink”. Chainlink has become the number-one most trusted oracle throughout the crypto space and beyond, boasting partnerships with some of the biggest names in tech and an array of integrations and partnerships with an impressive roster of collaborations.
This year, some of the biggest developments in the cryptocurrency industry have been due to the uptick in decentralized finance (DeFi) platforms, offering many of the same services as the legacy financial institutions, but on-chain. This is why we are now breaking down the top 10 DeFi platforms according to the Defi Pulse listing.
Yearn Vaults (stylized as yEarn Vaults) are one of the more exciting things happening in the decentralized finance (DeFi) space right now. Yearn Vaults are the brainchild of Yearn Finance, and comes as a response to the recent yield farming and liquidity mining trends. Specifically, Yearn Vaults are pools of funds following certain strategies, which attempt to provide passive income streams through competitive yield farming strategies.
Uniswap is arguably the most popular decentralized exchange (DEX) on the Ethereum network, boasting over $2.7 billion in total value locked (TVL) at the time of this writing. To be more specific, Uniswap is an automated market maker (AMM). It allows anyone to swap ERC-20 tokens without having to find a buyer or seller on the other side of the trade.
One of the main draws of cryptocurrencies such as Bitcoin is that they are decentralized. However, at what point does crypto’s interoperability with the traditional financial system make it all part of the same centralized entity as legacy financial systems? As you will likely know, Bitcoin can be traded like a stock or share, and crypto exchanges are acting increasingly as traditional banks, so is crypto becoming centralized? Some signs are arguably pointing towards that. However, as this is going on, the world of decentralized finance (DeFi) is flourishing. So, what is the state of crypto – is it in risk of becoming centralized, or is crypto truly decentralized?
Those in cryptocurrency or blockchain circles will likely have heard of decentralized finance, commonly referred to as DeFi. The DeFi sector has grown hugely over the past few months and can be understood as a movement of projects that can substantially boost financial inclusion. This comes as “banking the unbanked” is a real challenge faced by people worldwide. Could the DeFi sector hold the keys to banking the unbanked? Some people certainly believe so.
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Are you interested in learning more about cryptocurrencies and blockchain? Good, on the Moralis Academy blockchain blog our experts cover everything there is to know about blockchain – from investing strategies to educational content. There is something for everyone here at Moralis Academy. We have over 500 informational articles that you can easily browse through with our added filters. Switch from DeFi, NFTs, and cryptocurrencies instantly or just use the search bar and find a specific article. Don’t be surprised by our constant inflow of crypto news as we cover the whole industry. We upload new content on a daily basis as the blockchain industry is continuously evolving. With us, you’ll always be ahead of the competition.
Whether it’s Ethereum news, Bitcoin news, or new altcoins, Moralis Acadamy is here to write about it. We cover everything from the top 10 list but also most of the lower market cap coins as well. The rankings are changing almost all the time with some having their own blockchain and different functions. It can be hard to monitor every corner of the crypto space but we at Moralis Academy make it easy for you. With just a click of a button, you can subscribe to our blog and get the latest posts sent to your email, and you don’t have to worry about staying up to date. If you feel that you gained something from our content, feel free to share the article and be part of growing the community together with Moralis Academy.
