Browsing:DeFi

Olympus DAO has reduced the annual percentage staking yield of the OHM token to 7.35%.
2 years ago 1 min read

Olympus DAO reduces the annual OHM staking yield to 7.35%

Olympus DAO has reduced the annual percentage staking yield of the OHM token to 7.35%. Following the DAO’s approval of OIP-119, a governance proposal, the rewards were scaled back in order to make the protocol sustainable. The Olympus DAO team explained that while the project’s previous goal was to bootstrap adoption by providing a very high yield, it is transitioning to a new tokenomics framework. The company announced the news in a Thursday Twitter thread titled “Say bye to high APY.” Olympus DAO is a DeFi protocol that backs the OHM token with a treasury. According to its website, it

2 years ago 3 mins read

Krew Launches Klaytn-based DeFi Accelerator to Support Next Wave of DeFi Startups

BVI, Tortola, 21st June, 2022, Chainwire Krew, a new DeFi accelerator housed in the Klaytn ecosystem, is launching – armed with a $4 million war chest that will be used to create, incubate, and support DeFi projects in the EVM-compatible blockchain. KLAP (Klaytn Lending Application), the first project to onboard the Krew accelerator, just came out of stealth last week and attracted tens of thousands of followers for the Klaytn-native lend/borrow protocol. Krew is launched by experienced founders and analysts from leading venture firms. These include Adam Cader, who previously worked at ParaFi Capital; Hugo Campanella, a product veteran from

Cake DeFi enters into eSports with competitive gaming platform FACEIT
2 years ago 4 mins read

Cake DeFi enters into eSports with competitive gaming platform FACEIT

Singapore, Singapore, 10th May, 2022, Chainwire FACEIT, the world’s leading platform for competitive online gaming, has today announced a multi-million dollar partnership with Cake DeFi, one of the world’s fastest growing crypto fintech platforms, which allows users to earn cash flow from their crypto. Facilitated by Pivot Agency, the collaboration will provide Cake DeFi with authentic brand exposure to all FACEIT users globally through a series of bespoke and multifaceted gaming experiences which will offer the community a chance to win crypto. This year Cake DeFi will be offering players more than half a million dollars in prizes, paid in

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