The rapidly evolving world of blockchain technology offers a wide range of approaches and tokenomic models aimed at solving the blockchain trilemma of creating a decentralized, stable and secure network. One tokenomic model that has seen several variants over the past year is the 'rebase' model, which is designed in a way so that token balances can fluctuate over time depending on changes in the token price and the supply in circulation. Olympus (OHM) is a rebase project that has caught the attention of many in the crypto space over the past six months — in large part thanks to …
The total value locked (TVL) on the decentralized finance protocol Rari Capital has surged past $1 billion. The DeFi lending, borrowing, and yield generating protocol has surpassed the key milestone in TVL according to the app dashboard, and DeFiPulse confirms the all-time high TVL figure, reporting it at $1.09 billion. On Sept. 30, Cointelegraph reported that Rari’s TVL had topped $500,000, so the doubling of collateral has taken about two weeks. (DeFi Llama, meanwhile, estimates TVL at $889M but going up fast.) Rari launched in July 2020 to automate DeFi by optimizing and moving users’ funds to the highest yielding …
The growth of the decentralized finance (DeFi) sector has been a recurrent headline throughout 2021 and to date, hundreds of billions of dollars in crypto assets are locked on protocols across numerous blockchain networks and earning a yield for their holders. What started off as a simple Ethereum-based swap interface that allowed ERC-20 tokens to be exchanged in a decentralized manner, called Uniswap, has exploded into a vast ecosystem full of decentralized exchanges, yield farms, lending protocols and staking platforms. As development continues and older protocols become more established, newer projects have emerged to incorporate more pieces from the traditional …