Cointime

Download App
iOS & Android

Venus Protocol has deployed DAI market on Ethereum mainnet

The Venus Protocol, an on-chain lending protocol, has officially announced the deployment of the DAI market on the Ethereum mainnet.

Comments

All Comments

Recommended for you

  • State of Venus Q1 2024

    Venus (XVS) is a decentralized finance platform built on the BNB chain, offering a robust money market protocol for the crypto community. At its core, Venus enables users to deposit various cryptoassets, which can then be borrowed. Venus employs a unique algorithmic approach unlike traditional financial systems, where central entities often set interest rates. The interest rates for borrowing and lending on Venus are dynamically adjusted based on a jump rate model and whitepaper rate model. These models leverage the utilization ratio, which is the proportion of deposited assets that have been borrowed.
  • State of Aptos Q1 2024

    Aptos (APT) is a Layer-1 blockchain designed around the core tenets of scalability, safety, reliability, and upgradeability. Aptos was born out of Meta’s Diem and Novi projects, eventually launching in October 2022. Core developer Aptos Labs raised about $400 million in two 2022 private investor rounds.
  • How To Get Polygon Amoy Testnet MATIC and LINK Tokens

    Polygon Amoy is a testnet that allows developers to deploy, test, and optimize their smart contracts before deploying them on mainnet. This enables them to get their dApp user-ready without having to pay for gas on mainnet. Instead, they can power transactions with free testnet MATIC.
  • Ethereum's Evolving Ecosystem - Staking, DeFi, and Derivative Markets

    The third part of our Glassnode Spotlights series, presenting the most interesting and actionable insights from the Coinbase x Glassnode Q2 Guide to Crypto Markets, explores Ethereum's Evolving Ecosystem - Staking, DeFi, and Derivative Markets.
  • Bitcoin’s Price Dynamics: Federal Reserve Policies and Economic Shifts in Focus

    This year, the factors influencing Bitcoin’s price shifted away from the interest rate narrative when spot Bitcoin ETFs were approved in the US in January. Since then, Bitcoin’s prices have re-aligned with market expectations on interest rates, now that ETF flows have diminished. The Federal Reserve is confronted with a challenging dilemma: it needs to control persistent inflation while also supporting a weakening U.S. economy. Over the long term, this predicament could turn out to be advantageous for Bitcoin.
  • Exploring Consensus With Parallel Proposals: The Difference Between PBFT and BBCA-Chain

    Recent works [BBCA-Chain, Motorway, Cordial-Miners, Shoal, Mysticeti-C, Sailfish] debunk the belief that Block-DAG BFT Consensus protocols have to pay significant latency to achieve throughput scalability. They provide alternative ways for leveraging parallel transaction dissemination.
  • Tether: Deutsche Bank’s analysis lacks clarity and substantive evidence

    According to a report on stablecoins released on May 7, Deutsche Bank analyzed 334 currencies linked to stablecoins and found that 49% of stablecoins had failed during their median lifespan of about eight to ten years. The analysts concluded that most anchored assets in the cryptocurrency field will experience significant "turbulence" caused by speculative sentiment and ultimately suffer some form of decoupling event. Deutsche Bank analysts also pointed out that Tether's reserve transparency was lacking and described the company's solvency as "doubtful".
  • Multidimensional gas pricing

    In Ethereum, resources were up until recently limited, and priced, using a single resource called "gas". Gas is a measure of the amount of "computational effort" needed to process a given transaction or block. Gas merges together multiple types of "effort", most notably:
  • AMA: AO and Artificial Intelligence

    The article is divided into two sections: the main dialogue between the host and Sam, and the Q&A session where community users ask questions about AO.
  • $HALO,World!

    Everything you want to know about the $HALO token