What is UMA (Universal Market Access), and How Does It Work?
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UMA is the token native to the Universal Market Access (UMA) protocol. It powers the project by providing voter rights to its holders and resolving contract disputes. Hart Lambut created the project to boost financial innovation in the Decentralized Finance (DeFi) niche by allowing anyone worldwide to access financial risk. UMA raised... Read More
What is Compound Dai? The Advantages and How It Is Use
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What is Compound Dai? Compound DAI or cDAI is a token that investors can earn interest with when they deposit DAI tokens on the Compound Finance lending protocol platform. Essentially, it is a token that allows investors to earn interest on their deposited DAI tokens. Decentralized Finance (DeFi) is allowing investors... Read More
What Is Kusama? A Beginner’s Guide
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What Is Kusama? Kusama is a blockchain platform that helps developers that want to deploy a project on Polkadot and need an environment to test out their project before it goes live on Polkadot. It is very similar to Polkadot but is intended to be used as a development tool. In a... Read More
What is Kava the Cryptocurrency, and How Does it Work?
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Co-founded in 2018 by Brian Kerr, Ruaridh O’Donnell, and Scott Stuart, Kava is a software protocol that accepts several cryptocurrencies allowing users to borrow and lend assets without needing a financial intermediary. Kava Labs, a for-profit company aiming to develop and drive the creation of the Kava platform, held a... Read More
What Is FTX: The Rise and Fall Explained?
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Mar 25, 2023
The FTX Token, aka FTT, is the utility token of FTX Exchange, a crypto derivatives exchange. FTX Exchange was started in April 2019 with Alameda Research’s support, aiming to provide crypto holders and investors with easy futures and leveraged token trading. It attracts many investors thanks to a package of... Read More