What is Decentralized USD (DUSD)?

DUSD

Decentralized USD (DUSD) is a stablecoin for the decentralized finance protocol DeFiChain. It is a type of cryptocurrency that is pegged to the value of the US dollar. Unlike traditional stablecoins, which are centralized and rely on trusted third parties to maintain their value, DUSD is decentralized and operates on a blockchain, typically Ethereum. This […]

What is Compound USD Coin (CUSDC)?

Compound USD Coin

Peer-to-peer protocols facilitate collateralized and uncollateralized loans directly between market participants. Unfortunately, decentralization forces significant costs and frictions onto users; in every protocol reviewed, lenders are required to post, manage, and (in the event of collateralized loans) supervise loan offers and active loans, and loan fulfillment is often slow & asynchronous (loans have to be […]

What is VenusUSDT (vUSDT)?

VenusUSDT crypto token

Venus USDT (vUSDT) is a cryptocurrency that operates on the Binance Smart Chain. The Venus Protocol is a decentralized money market built on the Binance Smart Chain that allows users to borrow and supply collateral onto the platform without an authority figure or certification control. This protocol is an algorithmic-based money market system designed to […]

What is Olympus V2 (OHM)?

Olympus V2 crypto token

Olympus is a protocol on the Ethereum blockchain to establish OHM as a crypto-native reserve currency. It conducts autonomous and dynamic monetary policy, with market operations supported by the protocol-owned Olympus Treasury. OHM serves a need in the market gap between fiat stablecoins and volatile crypto assets, providing relative stability and scalability underpinned by the […]

What is Sentinel protocol (UPP)?

Sentinel protocol crypto token

Sentinel Protocol is a blockchain-based decentralized financial (DeFi) security intelligence platform that utilizes both artificial intelligence (AI) and collective intelligence to protect and secure blockchains that utilize the Sentinel Protocol Platform against hacks, scams, and fraud. Sentinel protocol uses the DPoS (Delegated Proof of Stake) consensus in securing and processing the blocks. Cryptocurrency and blockchain […]

What is UniLend (UFT)?

UniLend crypto token

No matter the decentralized finance project, the user journey usually starts with locking value in a smart contract. As of this writing, the total value locked in DeFi on various blockchains like Ethereum, Polygon, BSC, and Polkadot exceeds $80 billion. This is a tenfold increase from mid-summer 2020, but the DeFi market potential still needs […]

What is iExec RLC (RLC)?

RLC crypto token

iExec is the future of the Internet’s infrastructure by decentralizing the cloud computing market and being the first blockchain-based cloud computing marketplace. The iExec network connects cloud resource sellers with buyers, encouraging an ecosystem of decentralized, autonomous, privacy-preserving applications. This network aims to provide companies with scalable, secure, and easy access to the services, datasets, […]

What is Rocket Pool (RPL)?

Rocket Pool crypto token

Rocket Pool is the base layer protocol for decentralized and trustless ETH2 staking. Designed to support stakers of all shapes and sizes, Rocket Pool was built to allow anyone to trustlessly stake ETH to a network of decentralized node operators with full autonomy underpinned by RPL collateral. Rocket Pool is a first-of-its-kind ETH2 Proof of […]

What is Compound DAI (CDAI)?

Compound DAI crypto token

Centralized exchanges allow customers to trade blockchain assets on margin, with “borrowing markets” built into the exchange. These are trust-based systems (you have to trust that the exchange won’t get hacked, abscond with your assets, or incorrectly close out your position), are limited to certain customer groups, and are limited to a small number of […]

What is Lido Staked ETH (stETH)?

Lido Staked ETH crypto token

Lido is a liquid staking solution for the Ethereum blockchain, which allows stakers more flexibility as they can take out their funds whenever they want as an alternative to staking and locking up Ethereum directly. It is a community that builds liquid staking services for Ethereum, and with the backing of many industry-leading staking providers, […]

What is Lido DAO (LDO)?

Lido DAO crypto token

Lido is a Decentralized Autonomous Organization (DAO) project that allows liquid staking solutions for many blockchain networks like Ethereum (ETH), Terra, Solana (SOL), Polygon (MATIC), and others but is primarily focused on Ethereum. It is a secure DeFi liquid staking solution for proof-of-stake (PoS) blockchains that enables users to earn staking rewards without making minimum […]

What is BitTorrent (BTT)?

BitTorrent crypto token

BitTorrent is a peer-to-peer protocol that facilitates the transfer of large, highly demanded files, eliminating the need for a trusted central server. The BitTorrent protocol enables client software endpoints (“clients”) to collaborate to enable reliable simultaneous distribution of large files to multiple clients, reducing reliance on any single weak point (such as a server connection). […]

What is Bitcoin Standard Hashrate Token (BTCST)?

BTCST crypto token

A significant impediment to participation in Bitcoin mining is the limited number of exit options. Bitcoin mining is a profitable venture with limited liquidity. While traders are often interested in gaining Bitcoin mining exposure, for it can be viewed as a long option, high transaction costs dissuade them. Although cloud mining lowers the barrier of […]

What is Tokocrypto (TKO)?

TKO crypto token

Tokocrypto TKO is an Indonesian cryptocurrency exchange platform. A platform registered under Indonesia’s Commodities Futures Trading Regulatory Agency (BPPEBTI). TKO is the first native Indonesian cryptocurrency project that runs on a unique hybrid token model- CeFi and DeFi utilities.  The Tokocrypto token, TKO serves multiple purposes on the Tokocrypto blockchain platform and allows users to […]

What is Venus BUSD (vBUSD)?

Venus BUSD crypto token

Venus BUSD is a protocol-created pegged asset that represents the unit of the collateral supplied and can be used as a redemption tool. vBUSD was created and implemented by governance processes and voted on by Venus Token holders. Each asset supported by the Venus Protocol is integrated through a vBUSD contract, which is an BEP-20 […]

What is SiaCashCoin (SCC)?

SiaCashCoin crypto token

The cryptocurrency SiaCashCoin (SCC) upends the cloud data storage industry. As an ERC-20 token on the Ethereum network, it went live on May 23, 2018, with the help of blockchain technology and aimed to give individuals and companies access to a decentralized storage solution. Users can design and administer their storage options thanks to the […]

What is Safemoon V2 (SVM)?

SVM crypto token

Safemoon is a community-driven decentralized finance (DeFi) token that allows its users to carry out complex transactions without the need for an intermediary such as a bank. Like other Defi tokens, safemoon uses a liquidity pool to stabilize the value of its token. On the protocol, transactions are carried out with the aid of smart […]

What is GG Token (GGTKN)?

GGTKN crypto token

GGTKN believes it will become the most popular, easy-to-use payment method for lottery and gambling services. The GG Token market size is covered by legal gambling onshore licenses issued by local governments and has already acquired 90% of the Sub-Saharan Africa population, which has a population of 1.14 billion, all of Latin America’s population, Central […]

What is Unidef (U)?

U crypto token

United Decentralized Economy Foundations (Unidef) is a nonprofit organization consisting of a global network of member organizations working together to accelerate the world’s transition to a decentralized economy through brands and actions.  Uranium is an experiment in Web3—a band of builders, communities, organizations, and ecosystems united by a mutually beneficial pact to help accelerate the […]

What is TerraClassicUSD (USTC)?

USTC crypto token

There is an idea that a cryptocurrency with an elastic monetary policy would maintain a stable price while retaining all the censorship resistance of Bitcoin, making it viable for use in everyday transactions. However, price stability is not sufficient for the wide adoption of a currency.  Currencies inherently have strong network effects: a customer is […]