Hey, Hive! Happy Thursday!
Round 2 with our weekly crypto news round-up is now here! This week, we have news regarding Kava, Yield Farmers and Yam! 😉
Read on!
Kava Ready to Launch Cross-Chain Money Market
Kava (KAVA) has announced its intention to build a cross-chain money market on the Cosmos (ATOM) blockchain to maximize on the growing DeFi scene.
They plan to build an application for lending and borrowing crypto assets called Harvest.
Customers can earn interest as well as Harvest’s own governance token.
Yield Farmers Profit But Can’t Read Smart Contracts
Our very first Yield Farming survey has shown that most yield farmers are unable to read smart contracts but are raking it in anyway.
Out of 1347 participants, 93% of our respondents are receiving returns of up to more than 500%.
However, smart contract literacy for our DeFi users is only at 40%.
Yam Experiences First Successful Rebase
Yam Finance (YAM) has achieved its first successful rebase after meeting failure in previous versions.
Sitting at almost $20 per YAM, the rebase pushed prices below $7, but token holders gained more than twice the original amount of tokens in their wallets.
Occurring every 12 hours, the rebase is meant to target a peg of 1 yUSD.
That sums it up for our weekly round-up! Want to stay up to date daily?
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We are grateful to have the association with CoinGecko on our Hive blockchain. I have always found very helpful content in your newsletter. And have been supportive of your posting, as a result.
As part of this blockchain @coingecko, I hope you will invest the resources to check into and report on the recent major accomplishment of our LeoFinance community in getting its LEO token on to the Ethereum blockchain. It is the biggest news on Hive and worthy of your attention.
In your research on the story, hopefully you will find enough support in it for serious consideration of listing wLEO on CoinGecko, in partnership with us.
Thanks, in advance, for looking into it!
@coingecko you have always been suportive to #hive so please help the hive community and list WLEO.
Its truly a community driven project with most of the 170k liquidity on Uniswap provided by its community.
The project is more than a year old with a lot development going on.
Check them out @leofinance.
Hey coingecko team! Any plans to list Wleo, the Eth pegged version of the biggest ATM hive token? They have already submitted an application!
https://uniswap.info/pair/0x85c4f11c4b3887425762e9d7e63774f087411dcf
Very informative update. Keep sharing..
You are my favorite gecko!
Greetings from a fellow reptile,
Hypersensitivosaurus aka SuperZENsitivosaurus.
Thanks for sharing