DeFi Project ParaSwap Launches Airdrop of Native Cryptocurrency to Early Adopters

It pays to be early in crypto. And today is no different. As part of its first-ever token launch, decentralized finance (DeFi) project ParaSwap announced today that it is handing out 150 million of its native PSP tokens to early users.  ParaSwap is a platform that collects different cryptocurrency trading rates from across the DeFi …

Uniswap v3 Comes Out Tomorrow. Here’s What to Expect

With new products and features dropping every week in the nascent decentralized finance (DeFi) arena, the top decentralized exchange in the world can’t afford to rest on its laurels. Tomorrow, Uniswap, which upgraded to version 2 last May, aims to release version 3 of its protocol, which promises to give users more control over the …

Why Aave Is Bringing Yield Farming to Its DeFi Platform

In the “DeFi Summer” of 2020, Compound brought the heat by pulling out an old concept, liquidity mining. Its willingness to reward lenders and borrowers in its COMP governance tokens helped make it the biggest lender in all of Ethereum. Now, in an effort to keep pace, decentralized finance (DeFi) competitor Aave is trying out …

DeFi, NFT Booms Send MetaMask Past 5 Million Active Users

MetaMask, an Ethereum-based cryptocurrency wallet, has registered five million active users, according to its creator, blockchain software firm ConsenSys (which also funds an editorially independent Decrypt.) MetaMask is a browser extension and mobile app that allows people to interact with decentralized applications (dapps) on the Ethereum blockchain via a wallet where they can store the …

SushiSwap Project Lead 0xMaki Explains DeFi Project’s Future

SushiSwap’s project lead, 0xMaki, today revealed his DeFi plans for 2021. In an exclusive chat for UniWhales members, the anonymous developer—who didn’t reveal his identity—also said that he is no longer in contact with Chef Nomi, the creator of the decentralized exchange (DEX). SushiSwap is a clone of decentralized exchange Uniswap. It blew up after …