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DeFi

News about DeFi, written in plain language.

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Computer monitor showing a cryptocurrency price chart

Terra’s collapse is what an algorithmic peg looks like when the bid dies

A token that was supposed to stay at $1 by minting and burning LUNA hyperinflated the seigniorage coin instead. Anchor’s yield was demand, not a law of physics.EasyCryptoGuides · 12 May 2022, 16:00 UTC · 2 min read

Abstract glowing network of connected nodes on a dark background

Compound’s COMP drip is an incentive design, not free yield

About 2,880 COMP a day, split by market interest, half to each side. Governance theatre plus a token you can dump. Smart contracts still do not unwind a confused approval.EasyCryptoGuides · 15 Jun 2020, 14:00 UTC · 1 min read

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DeFiApps that move coins with smart contracts instead of a company helpdesk.

Latest DeFi news

Computer monitor showing a cryptocurrency price chart

Terra’s collapse is what an algorithmic peg looks like when the bid dies

A token that was supposed to stay at $1 by minting and burning LUNA hyperinflated the seigniorage coin instead. Anchor’s yield was demand, not a law of physics.EasyCryptoGuides · 12 May 2022, 16:00 UTC · 2 min read

Rows of illuminated servers in a data centre

Poly Network’s $610m hole was a bridge bug. The chains kept running.

A little-known interoperability protocol lost on the order of $610 million, then spent two weeks getting it returned. Ethereum did not halt. A keeper path did.EasyCryptoGuides · 10 Aug 2021, 16:00 UTC · 1 min read

Abstract glowing network of connected nodes on a dark background

Compound’s COMP drip is an incentive design, not free yield

About 2,880 COMP a day, split by market interest, half to each side. Governance theatre plus a token you can dump. Smart contracts still do not unwind a confused approval.EasyCryptoGuides · 15 Jun 2020, 14:00 UTC · 1 min read