• Uniswap Unisocks tokens
    Alt coins,  Education

    Uniswap socks-backed tokens reach $92K

    185 of the tokens have been burned to redeem the footwear. This could be the most expensive hosiery that the world has ever seen

    According to crypto asset market data website CoinGecko, the value of the NFT SOCKS tokens—each backed by a pair of Uniswap-branded socks that can be redeemed for the token—reached an all-time high of $92,763.27 on Feb. 16. At their highest, the 500 SOCKS had a market cap of about $28 million.

  • Bitwise DeFi Crypto Index Fund
    Alt coins

    Bitwise launches DeFi Crypto Index Fund

    Bitwise Asset Management’s new index fund includes nine decentralized finance cryptocurrencies, including Uniswap, Aave, and Maker

    The new Bitwise DeFi Crypto Index Fund seeks to take advantage of the rapidly growing DeFi market, which is increasingly seen as a viable alternative to traditional finance, offering peer-to-peer financial services like loans and lending, decentralized exchanges, and derivatives, among others.

  • 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.