DeFi platform 1inch releases governance and utility token

The 1INCH tokens will govern both the platform's automated market maker protocol and its DEX aggregator. The team behind the DeFi platform 1inch is releasing a governance and utility token, according to a Dec.

DeFi protocol 1inch closes $12M funding round led by Pantera Capital

Funding will be used to expand 1inch's presence in Asia and build new products. The team behind the 1inch protocol, which combines an automated market maker protocol and an aggregator for other DEXs, announced on Wednesday a successful Series A round for $12 million. Pantera Capital, a major venture fund active in the cryptocurrency space, led the round.

DeFi protocol 1inch set to be the first to expand to the NEAR blockchain

Mooniswap and the Pathfinder algorithm will be available to NEAR users. The Mooniswap decentralized exchange protocol, developed by DEX aggregator 1inch, will be the first Ethereum DeFi protocol to develop on NEAR, a sharded smart contract platform. As part of a collaboration announced on Tuesday, the 1inch team pledged to port its automated market maker protocol to NEAR.

Decentralized Exchanges That Use Automated Market Makers Now Represent 93% of the Market

A recent report by Consensys says the surge in decentralized exchange (DEX) volumes in Q3 of 2020 is down to their adoption of the automated market maker (AMM).

Binance Convinces DeFi Scammer To Return Funds + More News

Source: a screenshot, Instagram/binance Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Binance announced that its Security team helped recover 99.9% of an estimated USD 345,000 worth of funds stolen as the result of an exit scam conducted by an automated market maker Wine

Binance takes credit for thwarting an attempted exit scam on its blockchain

The centralized part of "CeDeFi" did not seem to help though. Binance announced Wednesday the successful recovery of $344,000 in funds from the attempted exit scam of Wine Swap, a project on the Binance Smart Chain (BNB). Wine Swap was an automated market maker platform similar to Uniswap that launched on Oct.

Notional Launches Out of Stealth to Bring Fixed-Rate Lending to DeFi

Notional enables fixed-rate debt on Ethereum using a new on-chain automated market maker.

More than half of all crypto exchanges have weak or no ID verification

The highest number of exchanges defying regulatory norms are in Europe More than half of all exchanges worldwide have weak KYC identification protocols — with exchanges in Europe, the US and UK among the worst offenders, according to a new study by blockchain analysis firm CipherTrace CipherTrace analyzed more than 800 decentralized, centralized, and automated market maker exchanges and found 56% of them did not follow KYC guidelines at all despite anti-money laundering (AML) regulations.

What Is Balancer?

Released in March 2020, Balancer is an Ethereum-based automated market maker (AMM) that enables users to earn fees by providing liquidity and trading.

Messari Says Initial Dex Offerings Are ICO 2.0, Urges Investors to Resist Initial Hype

Crypto research firm, Messari says new Defi token offerings or initial dex offerings (IDO) are a reincarnation of initial coin offerings (ICO) and warns average investors to steer clear these.

Report: Impermanent loss on Uniswap and other AMMs is always permanent

Is it time to find another name for this phenomenon? Alexis Direr, a researcher at the University of Orleans in France, has released a paper summarizing the mathematical underpinnings of Uniswap and other exchanges based on Automated Market Makers. Automated Market Maker is the term for a class of decentralized exchange that reached significant popularity in 2020, spearheaded by Uniswap. In a nutshell, these exchanges do away with traditional order books and instead rely on liquidity pools governed by a mathematical formula.

Ocean Protocol and Balancer Want to Do for Data What Uniswap Did for Coins

Ocean Protocol is teaming up with Balancer Labs to create the first automated market maker (AMM) for data.

Defi Boom: Bubble Fears Grow as ‘Toxic’ Community Disagrees on Way Forward

The decentralized finance (defi) space is headed for an implosion unless the divided community leaders step forward with solutions.