YFI price gains 46% in just 4 days
Yearn Finance (YFI) emerged as one of the best performers in the crypto market this week, rallying by over 46% in just four days to reach a two-week high above $29,100.
The gains surfaced primarily as Yearn Finance revealed that it has been buying back YFI en masse since November to improve the YFI token’s economics. The decentralized asset management platform purchased 282.40 YFI at an average price of $26,651 per token — a total of over $7.50 million.
ConsenSys collaborates with Mastercard on new Ethereum scaling system
Ethereum software firm ConsenSys has launched “ConsenSys Rollups” with the help of Mastercard to enable expansion on both the Ethereum mainnet and for private use.
ConsenSys Rollups is an innovative modular software solution for permissioned blockchain applications focused on providing scalability and privacy capabilities that can be connected to any Ethereum Virtual Machine (EVM) compatible blockchain.
Polygon and Reddit co-founder’s VC launch $200 million Web3 fund
Ethereum scaling project Polygon and Seven Seven Six have jointly launched a $200 million fund to invest in Web3 social media and gaming projects.
The fund is denominated in dollars and not in Polygon’s MATIC tokens. It will invest in startups building on Polygon’s technology and back their equity as well as token rounds.
VR World adds support for SHIBA INU using BitPay
VR World, the largest virtual reality experience center in America, will partner with the payment processor BitPay to add supports for SHIBA INU, the 13th largest cryptocurrency by market cap and the most popular meme currency at the moment.
Introducing the OPDEX governance token
Stratis announced that ODX, the Opdex governance token powering DeFi staking, liquidity mining, will be released next month.
ODX is the token deployed on the Cirrus sidechain of Stratis managed and distributed by an autonomous governance protocol through liquidity mining and vault certificates. ODX is used for staking in enabled liquidity pools to vote for liquidity mining and collect partial transaction fees to offset risks and gas costs of using the protocol.
Decentralized Terra ecosystem markets are now on Injective
Injective Protocol announced integrating Terra assets on Injective, allowing users to trade native Terra (LUNA) spot and derivatives markets using TerraUSD (UST).
The Brave Wallet is available in beta release on Android
The Brave Wallet is browser-native, reducing security risks and reliance on extra CPU and memory.
The Brave Wallet allows users to transact with almost any crypto asset with superior safety and performance. An upcoming release will enable users to also connect with Web3 DApps and will feature EVM compatible network support.
GXC climbed 89.56%, leading the Top Gainer chart
The price of GXC Token nearly doubled immediately after the GXChain team officially announced the update to REI Network with revolutionary changes such as creating a low-cost, high-speed, and EVM-compatible blockchain.
In the last 24 hours, the rate has more than doubled, reaching 89.56% as of this morning. With this achievement, GXC has risen to the top of the list of the most uptrend assets on ONUS.
Basketball legend Michael Jordan produces apps on Solana
Six-time US Major League champion and residing legend of the Chicago Bulls basketball staff, Michael Jordan announced the launch of HEIR, an app that connects sports activities athletes with followers.
HEIR will use its personal token, HEIR, issued on the Solana blockchain, as very well as supporting NFT and other unique objects for the fan local community.
Bitcoin could be used as legal collateral in 2022
Cryptocurrency lending platform Ledn raised $70 million and plans to use some of the capital for its new bitcoin-backed mortgage product.
With its bitcoin-backed mortgage loan, Ledn clients will be able to purchase real estate and use an equal amount of bitcoin and property collateral as part of the mortgage loan.