New Ethereum yield farm backed by Binance, top crypto VCs just launched

2020-10-10 15:00

Ethereum yield farming has declined dramatically over recent weeks as retail investors have seemingly sidelined their capital and as the price of leading DeFi coins has moved dramatically lower. Curve DAO Token (CRV), for instance, has plunged in excess of 90 percent since its all-time high price established just around two months ago.

Yield farming, though, is far from dead: a new yield farming project backed by top investors in the space, along with leading crypto exchange Binance, just launched. And it promises to allow users to bolster the yields they can access while dabbling in DeFi.

New Ethereum yield farm backed by top firms goes live

Just hours ago, Alpha Finance’s “Alpha Homora” product went live with liquidity mining.

The platform operates similarly to Yearn.finance in that it allows users to easily earn with popular yield farms at a low gas cost and with minimal technical knowledge. Alpha Homara differs from Yearn.finance, though, in that it allows users to take on leverage.

For instance, a user depositing 10 ETH to farm Unswap’s ETH/WBTC pool through Alpha Homora can pay an interest rate and borrow 20 ETH from a public pool to bolster their yields by 200 percent. Borrowers and lenders of the pool of ETH earn regular rewards paid in the project’s native ALPHA token.

Alpha Homora manages liquidation risks by allowing “liquidators” to easily liquidate leveraged yield farming positions that are at risk of being undercollateralized.

Behind this new product is Alpha Finance Lab, an ecosystem of DeFi products focused on Ethereum and Binance Smart Chain.

“Alpha Finance Lab is focused on building an ecosystem of automated yield-maximizing Alpha products that interoperate to bring optimal alpha to users on a cross-chain level.”

Alpha Finance Lab’s ALPHA token is being listed by Binance while the company itself has received financial support from three top venture capitalists in the DeFi space: Spartan Group, Multicoin Capital, and DeFiance Capital.

With this capital, Alpha Finance Lab is looking to solve the following four problems in DeFi:

Sustainable yield-generation Impermanent loss Privacy-preserving token swap Lending with fixed interest rates Continued innovation to push DeFi higher

Analysts say that the continued innovation in the space will push DeFi coins higher over time despite the ongoing stagnation in this volatile market.

Andrew Kang, founder of Mechanism Capital, said at the end of September that he remains optimistic on DeFi because the rate of innovation in the space continues to grow rapidly:

“For both public and private DeFi projects, the innovation and pace of development continues forward at a blistering pace – even faster than it was two months ago. Early players created the building blocks for new developers to build off of or take inspiration from.

The post New Ethereum yield farm backed by Binance, top crypto VCs just launched appeared first on CryptoSlate.

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ethereum yield launched new vcs dramatically backed

Источник: cryptoslate.com

ethereum yield → Результатов: 55


Фото:

Компания Crypto.com запустила форк DeFi-протокола Uniswap

Платежная компания Crypto. com объявила о запуске платформы DeFi Swap для обмена и "доходного фермерства" DeFi-токенов. Она стала очередным форком протокола Uniswap. DeFi Swap is now live on Ethereum Mainnet! 🔥 swap & farm #DeFi coins 🔥 provide liquidity to earn Triple Yield 🔥 14,000,000 $CRO launch incentive 🔥 stake #CRO to get up to 20x higher yield Start here: https://t.

2020-9-11 14:49


Ethereum Founder Says Yield Farming Projects Will Need to Print Money Like Central Banks

Ethereum founder, Vitalik Buterin, blasts the ever-expanding yield farming space, comparing the token incentives to central banks’ constant money printing. In a tweet on Aug. 31, Vitalik said the economics behind these decentralized finance (DeFi) projects are similar to the “Federal Reserve being run by Ron Paul” – former republican congressman.

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Виталик Бутерин заработал на доходном фермерстве «несколько процентов»

Сооснователь Ethereum Виталик Бутерин признал, что доходное фермерство его не заинтересовало. I honestly have not done *any* yield farming at all. I put a few coins into uniswap a long time ago and took them out after earning a few percent on fees but that's pretty much it.

2020-8-15 20:07


Фото:

Three Simple Reasons Why Ethereum Won’t Benefit from DeFi’s Growth

DeFi-related tokens have been caught within an intense bull market over the past several weeks, with many posting 100%+ gains This growth has been fueled by return-hungry investors looking to take advantage of “yield farming” This trend isn’t fading as fast as some analysts expected and could continue strong in the months ahead Although built upon Ethereum, the DeFi sectors growth hasn’t boosted ETH’s price One prominent investor doesn’t believe it will ever become the […]

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Why One Analyst Thinks the Collapse of DeFi Will Fuel a Historic Ethereum Rally

Ethereum has been generating significant buzz across the crypto sphere over the past few days, primarily due to the explosive surge in the popularity of decentralized finance (DeFi). Much of this popularity has been driven by an emerging trend called “yield farming,” in which users can leverage different protocols in order to receive massive payouts, […]

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Fintech Startup Yield To Roll Out Tokenized Zero-Coupon Bonds Using ERC20-Based yTokens

Yield, a fintech startup is developing a new protocol for the Ethereum network on the issuance of fixed-rate lending and borrowing. In traditional finance, such issuance is called a zero-coupon bond, where the buyer can only cash out once the bond reaches its maturity stage and they are guaranteed to receive a higher amount than […]

2020-5-9 21:11


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With billions of dollars to be made and thousands of Initial Coin Offerings to invest in, it may be difficult to identify good investment opportunities. Numerous amateur investors are continually bombarded by information on why an ICO would yield returns, while recent institutional investors are confronted with a space that may have some of the […] The post Why should every investor be using the Vertex marketplace? appeared first on Ethereum World News.

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