Vega’s proposal involves setting up a mechanism that increases incentives for market makers when liquidity is undersupplied, and decreases when there is sufficient liquidity—that is, the ability to execute buy and sell orders quickly.
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Decentralized exchange trading volumes up 450% to hit record $1.5B
According to 2020 figures from Dune Analytics, trading volumes on DEXs rose 70% in June alone
The considerable uptick in demand follows a trend that we have seen with DEXs throughout 2020: trading volumes have been consistently higher this year when compared with the last.
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John William Waterhouse's "Consulting the Oracle" at Delphi in ancient Greece (Photo: WikimediaCommons/US-PD)With new price oracle, Coinbase wades into DeFi
The crypto giant says current methods used to verify prices are deeply flawed, but claims its oracle could reduce ‘systemic risks’
Aiming to "reduce systemic risks" in the DeFi ecosystem, Coinbase is launching a new price oracle that will provide up-to-date rates on BTC/USD and ETH/USD every 60 seconds.
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Vitalik Buterin wants a bridge to peace between the armies of bitcoin and ether (Photo: John Philips/Getty Images for TechCrunch).Vitalik Buterin: Lack of bitcoin-ether bridge ‘embarrassing’
In a candid tweet, the Ethereum co-founder said it was ‘embarrassing that we still can’t easily move between the two largest crypto ecosystems trustlessly’
Ethereum co-founder Vitalik Buterin has called for a decentralized exchange to be built that enables swaps between bitcoin and ether. At present, those who want to convert their BTC into ETH, or vice versa, have little choice but to rely on centralized crypto exchanges, which often charge fees.
