Synthetix is running enormous amounts of money through its system. For example, Synthetix reported a $657 million Mainnet Market Capitalization,...
Archive for category: Cryptocurrency
Is Decentralized USD (USDD) a strong Stablecoin?
Daniel Jennings, , Cryptocurrency, An Over-Collateralized Stablecoin, Decentralized USD (USDD), How Much is Decentralized USD Worth?, Is Decentralized USD (USDD) a strong Stablecoin?, USDD’s Assets, What Value does Decentralized USD (USDD) offer?, 0Interestingly, Decentralized USD doesn’t achieve the stablecoin goal of matching the value of a US Dollar. For example, CoinMarketCap...
Can MetisDAO make money from am Ethereum Layer 2 Rollup?
Daniel Jennings, , Ethereum, Can MetisDAO make money from am Ethereum Layer 2 Rollup?, MetisDAO (DAO), The MetisDAO Layer 2 Rollup, The MetisDAO Platform, 0They launched Metis’s Andromeda Layer 2 mainnet on 19 November 2021. They claim the Metis Andromeda Layer allows the...
Is Celsius (CEL) Collapsing?
Daniel Jennings, , Cryptocurrency, Markets, Celsius (CEL), Celsius Network (CEL), Celsius Promotions, Celsius’s Flawed Business Model, Is Celsius (CEL) Collapsing?, Is Celsius Over Promoted?, Is it a Crypto Bank Run?, What Value Does Celsius Have?, Will Celsius Collapse?, 0The Celsius Network (CEL) is a decentralized finance (DeFi) platform that claims to have 1.7 million users. On 14 June 2022,...
Is Bancor (BNT) making Money from Liquidity?
Daniel Jennings, , Cryptocurrency, Markets, Bancor (BNT), Bancor and Keynes, Bancor Network, DeFi Liquidity Solution, How Bancor Ensures Liquidity, Is Bancor (BNT) making Money from Liquidity?, The Bancor DAO and Bancor 3, What Value does Bancor Offer?, 0The Bancor Network claimed to offer $353.77 million in Total Liquidity and have a trading volume of $40.84 million on 13...
Can Ren (REN) make money from Darknodes and Multichain Transactions?
Daniel Jennings, , Cryptocurrency, Ethereum, Can Ren (REN) make money from Darknodes and Multichain Transactions?, Ren (REN), Ren Darknodes, The Ren Ecosystem, What is Ren?, What Value does Ren (REN) offer?, 0They claimed Ren was connecting eight blockchains and supporting 28 assets with one underlying blockchain on 6 June 2022....
Is Saudi Aramco Tesla’s (TSLA) biggest competitor?
Daniel Jennings, , Ethereum, Is Saudi Aramco Tesla’s (TSLA) biggest competitor?, Mr. Market thinks Optimism (OP) has some value. Optimism was the third most trending cryptocurrency CoinMarketCap estimated on 5 June 2022. Probably because of Buterin’s interest in it., Optimism (OP), What Value Could Optimism Obtain?, 0The purpose of the Optimism Collective is to use 5.4% of the Optimism (OP) tokens to fund public goods....
Can Beefy Finance Make money from Multichain Yield and Compound Interest?
Daniel Jennings, , Ethereum, Investing, Wealth Builders, Beefy Finance (BIFI), Can Beefy Finance Make money from Multichain Yield and Compound Interest?, mooVaults APY, What Value Does Beefy Finance (BIFI) offer?, 0They call Beefy Finance the Multichain Yield Optimizer.” A yield optimizer is an app that tries to generate the maximum potential...
What Value could UniLend (UFT) obtain?
Daniel Jennings, , Data Driven Business, Ethereum, An Interesting DeFi Protocol, decentralized finance (DeFi) protocol, How UniLend works, UniLend (UFT), UniLend (UFT) Features, What Value could UniLend (UFT) obtain?, What Value Does UniLend Have?, 0I consider UniLend (UFT) a decentralized finance (DeFi) protocol that functions as a money market account. Consequently, they claim UniLend...
Can the Lido DAO make money from Liquidity?
Daniel Jennings, , Ethereum, Can the Lido DAO make money from Liquidity?, How Does LIDO Work?, How Lido makes one-on-one Ethereum payments possible, Lido DAO, Lido DAO (LDO), What Value does the Lido DAO offer?, 0They claim Lido allows users to stake Ethereum (ETH), ERC20 cryptocurrencies, and ERC-721 data nonfungible tokens (NFTs) without locking assets...