What is Symbiosis Finance?
The Symbiosis Finance multi-chain liquidity protocol works with the Ethereum, BNB Chain, Polygon, and Avalanche networks. This makes it possible to trade synthetic tokens, also called "sTokens." In April 2022, the developers are planning to add support for Solana and Terra. ...
How do Algorithmic Stablecoins Work?
Cryptocurrencies whose price stability is given by algorithms, smart contracts, or the activities of users who engage with them are referred to as "algorithmic stablecoins." Because of this, the value of these cryptocurrencies doesn't depend on collateral. Instead, it depends...
How is The Price of Bitcoin Going to Change?
For many people involved in the cryptocurrency ecosystem, the 10th of November 2022 is a significant date. The most valuable cryptocurrency, Bitcoin, hit a new all-time high of $68,789 a year ago. This was an increase from its previous all-time high. We tell you how far the coin...
Bitfinex Exchange: History, Features, and Team
One of the earliest cryptocurrency trading platforms, Bitfinex was launched in 2012. It is generally agreed that Rafael Nicole was the company's creator. The Chief Executive Officer of the company is Jean-Louis van der Velde, while the Chief Financial Officer is Giancarlo...
What is an Automated Market Maker?
AMM (Automated Market Maker) is a software algorithm used to control liquidity and price crypto assets on decentralized exchanges. In the DeFi industry, AMM systems are frequently employed, especially on decentralized exchanges (DEXs) such as Uniswap, Balancer, Bancor, and...