What’s an IEO? First off, it’s not a typo. An IEO (Initial Exchange Offering) is a new fundraising mechanism in the blockchain space. Increasingly, when a development team wants to raise money for a new coin, token, or project, it will partner with a centralized exchange for its token launch. The team mints new tokens …
As you probably know, at the moment you can only use ETH as collateral for Maker CDPs. You’re probably wondering if and when you’ll be able to use different tokens. This change may be coming sooner than you think as Maker progresses towards Multi-Collateral Dai. And if you’ve been around long enough, you’ve been hearing …
The Ethereum community is buzzing with the word ProgPoW. But if you’re anything like me, you may not know exactly what it means. The term stands for Programmatic Proof-of-Work, a new proof-of-work algorithm designed to even the playing field between ASIC and GPU miners. Proponents of this new approach want to actively retune Ethereum’s mining …
Previously, we interviewed Uniswap founder Hayden Adams. Just as Hayden was inspired by Vitalik, Uniswap inspired Conlan Rios. Shortly after discovering Uniswap, Conlan began working on uniswap.info, and the rest is history. The Uniswap developer now works with Hayden to improve this sister site to the Uniswap exchange. Conlan’s also involved with the Concourse Open …
Isn’t Dai supposed to be worth $1? You may have noticed lately that when you go to spend your Dai, it’s worth a little less than a dollar. While at first this may seem alarming, in reality it’s no cause for panic. This fluctuation in Dai’s price is part of the MakerDAO credit system, and …
If you’ve heard the buzz around xDai and Austin Griffith’s Burner Wallet but don’t know what those things are, this post is for you! The first thing to know is that xDai and Burner Wallet are NOT the same thing – they’re two separate projects (but they complement each other nicely). What’s xDai? In typical …
Unless you’ve been hiding under a rock, far-removed from crypto social media and Ethereum Twitter, you’ve probably heard of Uniswap, the decentralized exchange that took the Ethereum world by storm in the latter half of 2018. Uniswap has become a favorite for many thanks to to its fee distribution to liquidity providers, tokenless model, and …
A Brand New Concourse Open Construction Concourse ships – that’s basically the only thing we do right. No, really, we’re a burgeoning open community with fresh ideas and a soft spot for decentralized finance, and all we want to do is build tools that reduce the barriers of entry to this world. And so we …
Decentralized exchanges (DEXex) receive criticism for low liquidity and clunky user interfaces. But critics should remember that DEXes on Ethereum have existed for less than two years and already have made good progress. With the emergence of aggregator tools like DEX.AG, we expect competition among DEXes to accelerate. This should result in decreased price differences …
What is WBTC? BitGo, Kyber Network, Ren, and other partners have collaborated to bring the liquidity of Bitcoin to the Ethereum network. The WBTC initiative is run by a DAO (decentralized autonomous organization) made up of sixteen established projects, including recognizable Open Finance names such as Dharma, Compound, MakerDAO, and Set Protocol. BitGo handles the initial custody, and …
DEXes are the future (as long as we can get there) Decentralized exchanges offer real benefits over their centralized ancestors – better transparency, control over your own funds, reduced counterparty risk, and less worry about losing funds to an exit scam, hacker, or government intervention. Despite those benefits, trade volume on DEXes remains a fraction …
What is Augur? Augur is a fully decentralized and trustless oracle and prediction market protocol built on Ethereum. Any user can create a market around the outcome of a future event. For example, a market might ask which of two candidates will win an upcoming election. Traders can buy shares that represent either of the …
