DeFi Archives - Cryptolifedigital

Unleashing the Power of NFTs: Exploring Tensor (TNSR) on Solana

8Apr

By Kayode Oke MichaelNo Comments

Blockchain

Unleashing the Power of NFTs: Exploring Tensor (TNSR) on Solana

Bitget, a renowned cryptocurrency exchange and Web3 company, has recently added Tensor (TNSR) to its platform, offering Solana users an advanced NFT marketplace that caters to both traders and creators. The addition of Tensor to Bitget's platform is a significant boost to the exchange's offerings, as it expands its NFT marketplace and provides users access to one of the most advanced NFT marketplaces available on Solana. Tensor offers a robust marketplace experience, with unparalleled liquidity across the Solana ecosystem and coverage of over 30,000 collections, making it easy for traders to explore a wide range of NFTs. The platform has a lightning-fast, composable user interface that ensures real-time updates, providing a seamless trading experience. The advanced functionality of T...

Crypto derivatives: what are they and how do they work?

23Mar

By CryptolifedigitalNo Comments

Crypto Guides

Crypto derivatives: what are they and how do they work?

Crypto derivatives are financial instruments that allow traders to speculate on the price movements of cryptocurrencies without owning the underlying assets. They are becoming increasingly popular in the cryptocurrency market as they offer investors a way to hedge against price volatility and potentially generate high returns. In this article, we will explore what crypto derivatives are, how they work, and the different types of crypto derivatives that are available in the market. What are Crypto Derivatives? A derivative is a financial instrument whose value is derived from an underlying asset or a group of assets. In the case of crypto derivatives, the underlying asset is a cryptocurrency such as Bitcoin, Ethereum, or Litecoin. Crypto derivatives allow traders to take a position ...

All You Need To Know On Decentralized Finance (DeFi)

11Mar

By CryptolifedigitalNo Comments

Crypto Guides

All You Need To Know On Decentralized Finance (DeFi)

Decentralized finance, commonly referred to as DeFi, is an emerging area of the cryptocurrency space that seeks to provide financial services and products in a decentralized manner. Unlike traditional finance, which is centralized and dominated by large financial institutions, DeFi operates on a blockchain network, providing users with a more accessible, transparent, and secure way of accessing financial services. DeFi offers various financial services, such as lending, borrowing, trading, and investing, all without intermediaries or the need for a trusted third party. It aims to empower users to have full control of their assets and participate in financial activities without limitations or restrictions. Features of Decentralized Finance One of the fundamental features of DeFi is its...

Open-Sea Continues To Reign Supreme In Terms Of NFT Trading Volume.

27Mar

By Cryptolifedigital1 Comment

Blockchain

Open-Sea Continues To Reign Supreme In Terms Of NFT Trading Volume.

During the time the NFT was taking the business, the opensea continues to control supreme in terms of NFT trading volume, Sequoia capital is putting its weight behind a fairly lower- known Solana- grounded NFT business. Open ocean, the ETH-grounded NFT business e is the most popular NFT business in actuality moment. Billions of bonesthe worth of NFT was independently eased by the opensea, precisely the opensea presently commands over 43 of the NFT request with over$23.3 billion according to data from exploration by the DappRadar. The open ocean hasn’t set up anything easy, from the stoner dissatisfaction towards the platform to firing their product director who was set up to be partaking in bigwig trading of NFTYs for his gain. also after this, the open- ocean has been dominating the NFT ...

Cardano Focus On Increasing Interoperability To Strengthen The DApp

27Mar

By Cryptolifedigital3 Comments

Blockchain

Cardano Focus On Increasing Interoperability To Strengthen The DApp

Cardano also plans to employ Fourier Labs' interoperability results to strengthen its dApp and stoner relinquishment by lowering sale freights, adding scalability and security, as the rearmost investment intends to develop Fourier Protocol on Cardano, an interoperable, Ethereum Virtual Machine( EVM) compatible result that would accelerate the migration of EVM- grounded systems to the Cardano ecosystem. Defi relinquishment is on the upswing according to the Defi Lima, with roughly$ 200 billion in TVL( Total Value Locked) across all of the main Defi protocols. In just two times, this represents a nearly 240 gain. The main stoner onramp for Defi is decentralized exchanges( DEX), although numerous of them now demand advanced sale freights. drop sale freights as an erected- point of Fourier La...

One Of The Two Suspended Infrastructuiral Bills May Impact Defi

27Mar

By CryptolifedigitalNo Comments

Bitcoin

One Of The Two Suspended Infrastructuiral Bills May Impact Defi

As Stated by the University of Virginia law, Abraham Sutherland that one of the two infrastructural bills could affect the Defi exchanges and other services. Just in August the US government meditated on the infrastructural bill which includes the provision to increase the sale reporting demand similar to the coin base and Binance this may have an effect on the Defi exchanges. Infrastructural bills affect Defi As said by Sutherland the correction to stretch law section 6050I, which he noted is different from the so-called broker's provision that attracted public opposition. Rather, Sutherland says that this correction to the duty law would require donors of digital means in value amounts lesser than$,000 to report sender names, addresses, and SSNs to the government upon entering the finan...