• Binance has control of Uniswap
    Alt coins

    Binance has control of Uniswap’s ‘decentralized governance’ system: report

    The Uniswap team and Binance could both take control of the DeFi token’s “decentralized governance” system, powered by the UNI token

    Uniswap decided to decentralize its protocol governance to compete with the Sushiswap fork, but a new report suggests protocol control will remain centralized for quite a while. Crypto research firm Glassnode suggested in a Sept. 24 report that Uniswap’s governance decentralization will be for appearances only. In the paper, Glassnode explains that Uniswap’s UNI governance token was introduced as an answer to Sushiswap’s SUSHI governance token. The issuance of the decentralized finance (DeFi) token is presumably  a measure meant to ensure that the original protocol remains competitive against its newer fork. Still, the report claims that Uniswap’s  “transition toward token-based governance via the UNI token falls far short of true…

  • OKEx Jay Hao DeFi viable alternative
    Alt coins

    EXCLUSIVE: OKEx CEO Jay Hao calls DeFi “viable alternative” to traditional finance

    As it lists Uniswap’s super hot UNI governance token, the CEO of the leading crypto derivatives exchange says decentralized finance has “limitless potential”

    In an email interview on the same day OKEx listed Uniswap’s super hot UNI governance token, Hao told Modern Consensus that he has high hopes for the DeFi ecosystem as a whole.

  • OKEx UNI trading derivatives
    Alt coins

    OKEx lists UNI for trading, derivatives

    Shortly after listing eight DeFi tokens in a single day, OKEx has launched of a full suite of trading products based on Uniswap’s UNI governance token

    According to a Sept. 18 announcement, OKEx allows UNI deposits and withdrawals, alongside trading against ether (ETH), bitcoin (BTC) and U.S. dollar-backed stablecoin tether (USDT). OKEx also announced a range of trading products for the hot decentralized finance (DeFi) token, including margin, swap trading, coin-margined perpetual swap and savings.

  • Decentralized finance scams
    Alt coins

    DeFi ‘will soon run out of victims to fleece’

    Messari founder Ryan Selkis went on a twitter rampage yesterday, predicting that the decentralized finance ‘bubble’ will soon pop

    Decrying Ponzi economics, yield hopping, 50% APY yields and “rug pulls”—in which a project’s founder runs off with investors’ funds—Selkis warned that “a good rule of thumb” is that if a project’s promised payout “looks too good to be true, it is.”

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