Despite only one coin among the top-80 declining over the past week, Tether and futures premiums show a lack of excitement in the market.

Bitcoin futures and options markets are pricing in higher volatility in the near future. Meanwhile, on-chain activity remains firmly in bear market territory, but continues to recover meaningfully.

As bond risks grow and contagion appear more likely than ever, every investor needs to consider bitcoin as portfolio insurance.

In the past few years, DeFi applications have seen tremendous growth. At the start of the year 2021, the Total value locked (TVL) in DeFi applications was used to be around 18 billion dollars. Currently, TVL in DeFi applications is around 200 billion dollars, which is more than 10x of the TVL of January 2021. Total unique DeFi wallets are 4.3 million right now, more than 4x the unique DeFi wallets of January 2021.  Various DeFi applications provide financial services like lending & borrowing, trading, prediction markets, yield farming, etc. Still, there are only a few million DeFi users, and the Anchor protocol of Terra Ecosystem wants to change it. Team of Anchor Protocol believes that a saving product is required for the mass adoption of DeFi applications.  Anchor is a saving protocol that offers low-volatile yields on deposits of Terra Stablecoins. The Anchor interest rate is powered by staking rewards from Proof of Stake blockchains, and therefore more stable rates can be expected. Anchor Protocol makes a money market between a lender and a borrower.  Lenders can earn stable yields by depositing their Stablecoins while borrowers can borrow stablecoins on their stakeable assets. According to the protocol-defined borrowing ratio, borrowers can lock their bonded assets (bAssets) as collateral and borrow stablecoins. Currently, Bonded Luna (bluna) and Bonded ETH(bETH) are the only two bonded assets that can be put as collateral for borrowing stablecoins.  The stream of staking rewards comes from borrowers’ global pool of collateral. These staking rewards are converted into stablecoin, which are given to the lenders in stable yield.  Tokenomics of Anchor Anchor Protocol’s governance token is the Anchor Token (ANC). Users who have staked ANC tokens can propose new governance polls, which can be voted on by users who have staked ANC tokens.  ANC token is designed to increase its value linearly with Anchor’s assets under management, allowing it to capture a piece of the protocol’s yield. Anchor provides protocol fees to ANC stakeholders proportionally to their stake, benefiting stakeholders as adoption of Anchor grows. ANC stakeholders are driven to suggest, discuss, and vote for proposals that improve the protocol. ANC Value Accrual The buying pressure increases proportionally as ANC tokens grow in lockstep with Anchor’s Assets Under Management. Protocol fees are used to buy ANC tokens from Terraswap, which are then paid to ANC stakers as staking rewards.  Protocol Fees  ANC captures protocol fees created by Anchor, with 10% of the value flowing into the yield reserve being used for the value accrual of ANC tokens. bAsset rewards, excess yield, and collateral liquidation costs are used to fund Anchor’s protocol fees. basset rewards A portion of the rewards from deposited bAsset collaterals is used to buy ANC, with the rest going into the yield reserve. If the yield reserve’s inventory reaches a sufficient amount, governance can modify the ratio of bAsset rewards utilised for ANC purchases. Excess Yield Deposit rates higher than the target deposit rate are stored in the yield reserve, with a portion of it utilised to purchase ANC. The ANC tokens that have been purchased are subsequently given to ANC stakers. Collateral Liquidation Fees When a loan is liquidated, 1% of the liquidated collateral value is sent to the yield reserve, with a portion going into ANC purchases. This cost is not included in the bid premiums. Governance Fees ANC token deposits of Anchor governance polls that have failed to attain the needed quorum are then allocated to ANC stakers as staking rewards.   At the start of the Anchor Protocol, 150 million ANC tokens were released. Fifty million (33.3 percent) tokens were airdropped to LUNA stakers, with staked amounts snapshotted at block 2179600.  One hundred million tokens (66.7 percent) were set aside for the Anchor Community Fund. Final Token Distribution A total of 1,000,000,000 ANC tokens will be distributed over four years. No more new ANC tokens will be added to the supply once this quantity has been distributed. Various methods to earn money with Anchor:  Depositing UST is a simple way to earn money with Anchor. The protocol project itself as a savings product and provides a 20% annual percentage yield (APY) on deposit.  Users can borrow UST by putting their bAssets, i.e. Bonded Luna (bluna) and Bonded ETH(bETH), up as collateral.  Users can also buy and stake ANC to receive staking rewards and participate in governance.  You can also earn rewards while at the same time providing liquidity to exchanges by staking your LP tokens (ANC-UST LP). Conclusion Anchor is the leading DeFi protocol of Terra Ecosystem. Currently, 13 billion dollars worth of assets is deposited in the protocol. Its goal is to become a stable saving solution for DeFi users, providing passive income. Anchor has an easy to use interface, which will be helpful in onboarding millions of … Continued

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Volodymyr Zelenskyy, the president of Ukraine presently based mostly in Kyiv, has signed a regulation establishing a authorized framework for the nation to function a regulated crypto market.  In a Wednesday announcement, Ukraine’s Ministry of Digital Transformation said Zelenskyy signed a invoice named “On Virtual Assets,” first adopted by the nation’s legislature, the Verkhovna Rada, […]

The post Ukraine’s president indicators regulation establishing regulatory framework for crypto appeared first on Bitcoin Upload.

Today, the team of DeFi platform FlashLoans, announced the launch of its new app that enables users without knowledge of Solidity to execute a flash loan and profit from arbitrage opportunities. The DeFi tool aims to ensure market discrepancies and premiums paid for certain tokens on digital asset exchanges are eliminated. FlashLoans has been designed […]

The post Crypto platform FlashLoans launches new tool to execute arbitrage trades appeared first on CryptoNinjas.

Quick Take

• MoonPay’s concierge service has paid some head-turning premiums for Bored Ape NFTs over the past six months for its celebrity clients.
• The Block tried to figure out why.

Crypto market capitalization crossed the $2 trillion mark for the first time in two weeks, helped largely by speculation over growing adoption due to the Russia-Ukraine conflict. The market has now recouped its losses made during initial jitters over the invasion. Russia-Ukraine Conflict Boosts Crypto Adoption Preliminary talks between Russia and Ukraine, although largely inconclusive,

The post Just-In: Crypto Market Cap Crosses $2 Trillion As Russia-Ukraine Conflict Boosts Adoption appeared first on CoinGape.

Amid the conflict in Ukraine with Russia, bitcoin trade volumes tied to Russian ruble pairs have surged in recent days. Metrics recorded by the crypto analytics provider Kaiko indicate that ruble (RUB)-denominated bitcoin volume reached close to 1.5 billion rubles four days ago, on February 24. Data also shows that bitcoin-ruble pairs saw a significant […]

Tether’s USDT stablecoin is currently trading at a 5% premium on trading pairs involving the hryvnia (UAH) on Ukraine’s popular crypto exchange Kuna. USDT Trading at Premium On Ukrainian Crypto Exchange On the popular Ukrainian exchange, Kuna, USDT/UAH trading pair is currently trading at 33.4 UAH, equivalent to $1.12. The Russian-Ukraine tensions have devalued the Ukrainian hryvnia over the past week. In fact, the representatives of Kuna even suggested that there has been a limited supply of Tether’s USDT stablecoin in the country which has led to such high premiums. Despite Kuna’s prominence within Ukraine, it’s a fairly small exchange with only 400,000 active accounts. The exchange only handles $4.8 million of 24-hour trading volume whereas leading U.S. exchanges handle billions of dollars per day. Ukraine Gets Millions in Crypto Donations On Saturday, the official Twitter account of Ukraine had called for crypto donations “Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum, and USDT,” the tweet read. Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT. BTC – 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P ETH and USDT (ERC-20) – 0x165CD37b4C644C2921454429E7F9358d18A45e14 — Ukraine / Україна (@Ukraine) February 26, 2022 The Ukrainian government and non-governmental organizations (NGOs) together have raised over $14.2 million in anonymous crypto donations till Sunday, according to blockchain analysis company Elliptic. In fact, a single donor sent $3 million in Bitcoin (BTC) in a single transaction.

The post Tether (USDT) Trading at 5% Premium On Ukrainian Crypto Exchange appeared first on Cryptoknowmics-Crypto News and Media Platform.

After Ukraine’s central bank imposed a limit on cash withdrawals, Kuna, a cryptocurrency exchange that provides trades in ruble and hryvnia saw a notable surge in volume. Moreover, to this day, crypto-assets being swapped on Kuna such as bitcoin, tether, and ethereum are trading for a significant premium. Crypto in Ukraine Sees Premiums The ongoing […]

Bitcoin investors have de-risked as global macro headwinds increase. In particular, traders eye the proposed Fed rate hikes in March, opting for protective insurance over speculative calls.