DeFi and traditional finance aren’t that different after all. It was during the 2008/9 Great Recession that marked the birth of cryptocurrency where Bitcoin raised from the ashes and eventually path the road to decentralized finance – what we call DeFi today. The famous Genesis Block in Bitcoin blockchain contains this very phrase – “The […]
Learn the different options of loans in the DeFi ecosystem It goes without saying that there are many types of loans by lending protocols in DeFi and the current dominant version is over-collateralized loans. However, uncollateralized lending is beginning to appear where lending protocols are offering loans without asking for collateral deposit from you. Now, […]
Going Dutch doesn’t mean you have to be cheap with your NFT. Let’s understand what is a Dutch auction and how it could benefit you when selling your NFTs. OpenSea offers two types of timed auctions when selling your NFTs. Sell to highest bidder – Accept many bids and the highest bidder wins. Also called […]
A simple example to feel the power of wrapped tokens. OpenSea’s support center actually doesn’t have this answered so we are taking the liberty to discuss it. First, Let’s Truly Understand Why We Need WETH Let’s not repeat what others have been echoing online what WETH is but lets try to fill in the blanks on […]
Learn by example why wrapped tokens were invented. WBTC, WETH and many other wrapped tokens are intriguing, to say the least. If you have been reading about it online, you’d probably get the idea of what they are and why we need them. Here’s a quick recap. “Wrapped tokens are used to bridge between different […]
