Tag Archives: yield

Ren and UMA launch a Bitcoin-backed yield greenback

Trustless cross-chain bridge Ren and permissionless artificial asset platform UMA have teamed as much as launch a Bitcoin-backed yield greenback referred to as uUSD, along with a joint liquidity mining reward program. The partnership will lead to a product that enables traders to leverage Bitcoin permissionlessly on the Ethereum community. The uUSD is UMA’s second… Read More »

UMA Protocol’s New “Yield Greenback” Raises Safety Considerations for Bitcoin in DeFi

Key Takeaways Decentralized protocol UMA has introduced the launch of the Yield Greenback on renBTC, a coin representing Bitcoin on the Ethereum community. The launch will allow customers to mint renBTC and lock it into UMA to make use of as collateral to mint uUSD. Customers will even be capable to farm by staking uUSD… Read More »

BTC Tokenization and Yield Farming Drives DeFi Progress

The rising tokenization of Bitcoin and the emergence of yield farming has propelled the expansion of the decentralized finance sector over the previous three months in keeping with ConsenSys. The second quarter report into Ethereum-based DeFi emphasizes the importance of the overall variety of tokenized BTC overtaking the sum of BTC on Bitcoin’s personal layer… Read More »

Yield Farming Pool Idea Could Solidify Ethereum’s Position as BTC’s Major Sidechain

Decentralized finance (defi) functions on the Ethereum chain have been rising wildly over the last two years. Now various artificial variations of bitcoin, that leverage the Ethereum chain, has outpaced offchain options like Blockstream’s Liquid and the Lightning Community. Only recently, the platform Synthetix revealed a partnership with Bitgo and the Ren Challenge so as… Read More »

Crypto-friendly SEBA Financial institution launches bitcoin product that provides yield

Crypto-friendly SEBA Financial institution has launched a brand new bitcoin structured product that enables buyers to earn yield. The product, referred to as Dual Currency Certificate, is linked to the BTC/USD change charge. It’s issued at a reduction to the present value of bitcoin (the underlying instrument) in relation to the USD. If on the… Read More »