DeFi yields crumble as Curve, Sushi, and other Ethereum coins crater

In August and September, the decentralized finance (DeFi) space was in a state of frenzy: random food farming strategies were yielding tens of thousands of percent APY while more reputable pools, paying out coins to thousands of users, was generating yields on orders of magnitude higher than bank accounts.
The post DeFi yields crumble as Curve, Sushi, and other Ethereum coins crater appeared first on CryptoSlate.

How an unfortunate Ethereum yield farmer lost $140,000 in UNI overnight

For many, yield farming has been a profitable activity: there have been stories of users turning small accounts into a large amount of capital, simply by swapping from projects like Yam Finance and SushiSwap.
The post How an unfortunate Ethereum yield farmer lost $140,000 in UNI overnight appeared first on CryptoSlate.

BitMEX Bitcoin futures have “completely unwound” as platform exodus continues

Recent news regarding the United States Commodities and Futures Trading Commission’s crusade against the three co-founders of BitMEX has had grave implications for Bitcoin and the crypto market.
The post BitMEX Bitcoin futures have “completely unwound” as platform exodus continues appeared first on CryptoSlate.