DeFi Tokens Experience Correction, Ethereum 2.0 Launch Date Uncertain due to Pending Smart Contract Audits: Report

Crowdfund Insider | Omar Faridi | Oct 31, 2020

finn - DeFi Tokens Experience Correction, Ethereum 2.0 Launch Date Uncertain due to Pending Smart Contract Audits: Report Several major decentralized finance (DeFi) assets have experienced correction as Bitcoin (BTC) surged this past week. However, the “fundamental” developments continued, “pointing to long-term momentum,” according to a report from OKCoin.

The crypto exchange notes that Bitcoin continued its ascent during the past week. The leading digital currency reached its year-to-date high of around $13,850 — which was quite close to its peak of last year’s rally at $14,000.

See: CEX.IO’s Executive Director Predicts the Future of Crypto Exchanges

While Bitcoin’s price kept rising, Ethereum (ETH) and other altcoins slipped lower. The price of DeFi tokens has also dropped after surging to record-level highs.

Yearn.finance (YFI), a DeFi protocol providing lending aggregation, yield generation, and insurance on the Ethereum blockchain, saw its price drop from around $13,800 to $11,700 (during the past week). The major DeFi token has been negatively affected by the compressed yields being offered in the space, which is due to yield farming tokens declining in value.

Qiao Wang, a widely-followed crypto analyst, stated:

“I constantly update my views and unfortunately it looks like there’s going to be more pain in DeFi. Originally I thought we won’t see an 80–90% crash which is typical of alts because of the level of sophistication of DeFi investors but [this] thesis is being invalidated.”

Continue to the full article --> here

 

 


NCFA Jan 2018 resize - DeFi Tokens Experience Correction, Ethereum 2.0 Launch Date Uncertain due to Pending Smart Contract Audits: Report The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - DeFi Tokens Experience Correction, Ethereum 2.0 Launch Date Uncertain due to Pending Smart Contract Audits: ReportFF Logo 400 v3 - DeFi Tokens Experience Correction, Ethereum 2.0 Launch Date Uncertain due to Pending Smart Contract Audits: Reportcommunity social impact - DeFi Tokens Experience Correction, Ethereum 2.0 Launch Date Uncertain due to Pending Smart Contract Audits: Report

CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



FFCON20 Pitching and Demo Winners - DeFi Tokens Experience Correction, Ethereum 2.0 Launch Date Uncertain due to Pending Smart Contract Audits: Report



NCFA COVID 19 letter to government to support Fintechs and SMEs - DeFi Tokens Experience Correction, Ethereum 2.0 Launch Date Uncertain due to Pending Smart Contract Audits: Report

NCFA Newsletter subscribe600 - DeFi Tokens Experience Correction, Ethereum 2.0 Launch Date Uncertain due to Pending Smart Contract Audits: Report