An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary.
When Bitcoin is busy consolidating, I have time to check on my favourite sector: DeFi.
In my view, some pretty cool developments are taking place. Let's start with yearn.finance (YFI):
Founder Andre Cronje is cranking up the heat with collaborations with CREAM and now also with SUSHI SWAP (see here).
This is becoming a real flow monster. I am pretty excited about it, and I believe it will shape the DeFi landscape in a big way.
Then we have another derivatives exchange, which is sort of leveraging their insurance fund with a mining scheme (see here). I have to admit, I do not completely get it. But when I do, I will make sure to post another update on it.
And then we have some "older" news. There are some interesting developments in the decentralised futures/derivatived exchanges and their concepts. An interesting one I was recently made aware of by a trading colleague is the perpetual future from Synthetix. Its major difference is that it is not a peer-2-peer concept, but a pool. The steering mechanism is very similar to the peer-2-peer perpetual futures - the funding rate - but for the Synthetix perpetual future, this rate can go/be really high. Read more about it here.
Copyright © 2020 | Crypto Broker AG | All rights reserved.
All intellectual property, proprietary and other rights and interests in this publication and the subject matter hereof are owned by Crypto Broker AG including, without limitation, all registered design, copyright, trademark and service mark rights.
This publication provided by Crypto Broker AG, a corporate entity registered under Swiss law, is published for information purposes only. This publication shall not constitute any investment advice respectively does not constitute an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any other transaction. This publication is not intended for solicitation purposes but only for use as general information. All descriptions, examples and calculations contained in this publication are for illustrative purposes only. While reasonable care has been taken in the preparation of this publication to provide details that are accurate and not misleading at the time of publication, Crypto Broker AG (a) does not make any representations or warranties regarding the information contained herein, whether express or implied, including without limitation any implied warranty of merchantability or fitness for a particular purpose or any warranty with respect to the accuracy, correctness, quality, completeness or timeliness of such information, and (b) shall not be responsible or liable for any third party’s use of any information contained herein under any circumstances, including, without limitation, in connection with actual trading or otherwise or for any errors or omissions contained in this publication.
Investments in virtual currencies are high-risk investments with the risk of total loss of the investment and you should not invest in virtual currencies unless you understand and can bear the risks involved with such investments. No information provided in this publication shall constitute investment advice. Crypto Broker AG excludes its liability for any losses arising from the use of, or reliance on, information provided in this publication.