Tag Archive : DeFi

/ DeFi

KEY POINTS

  • Ethereum was more profitable to mine than Bitcoin in September 2020
  • Mining revenues soared because of the excitement over decentralized finance
  • As DeFi excitement wanes, observers are watching closely the launch of Ethereum 2.0

During the month of September, revenue from mining Ethereum has eclipsed that of Bitcoin’s thanks to the excitement surrounding decentralized finance (DeFi).

According to the data from analytics firm Glassnode, miners in the Ethereum network collected 450,089 ETH worth $168.7 million. This is a 39% increase from the previous month’s total of $113 million, Cointelegraph reported.

In contrast, miners in the Bitcoin network netted only $26 million in September, which is a decrease from the $39 million they earned the previous month. This effectively makes mining Ethereum more profitable than mining Bitcoin.

The increase in miner revenue came from the community’s excitement over decentralized finance (DeFi).

Several DeFi protocols and tokens made headlines last

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Galaxy Digital Makes A Bet On DeFi

September 29, 2020 | technology | No Comments

ParaFi Capital, the DeFi-focused asset management firm led by Ben Forman, announced a strategic investment from Galaxy Digital Holdings Ltd. (TSX: GLXY), in which the firms would join forces to seek co-investment opportunities to drive further adoption of decentralized finance.

Publicly traded Galaxy Digital, led by blockchain investment veteran Mike Novogratz, is a leading financial services and investment management company, current boasts over $400 million in assets under management. With this transaction, Galaxy Digital has become a minority shareholder in the firm, joining other ParaFi investors including Bain Capital Ventures and Henry Kravis, Co-CEO and Co-Founder of KKR. As of August 31, 2020, ParaFi had assets under management

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Kush Finance

Kush Finance
Kush Finance
Kush Finance

TALLINN, Estonia, Sept. 28, 2020 (GLOBE NEWSWIRE) — The Decentralized Finance (DeFi) ecosystem is gradually shifting from the very fundamental aspect of decentralization to using what are called ‘governance tokens.’ These types of digital assets have become popular since DeFi picked up earlier in the year, and then gained momentum when Compound launched its ‘COMP’ governance token in June. While they have emerged as the fuel for DeFi network growth, some innovators are taking advantage of the asymmetry in technical knowledge and issuing governance tokens mainly to the developing team.

Well, a recently debuted project dubbed ‘Kush Finance’ is returning the DeFi ecosystem back to its basics using its own governance token, called ‘kSEED.’ Unlike other DeFi projects that have allocated a significant amount of governance tokens to a small group, the Kush Finance DeFi token is designed to turn kSEED holders into a

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