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Yield Farmers on Compound Are Destroying This Stablecoin | Crypto Briefing

Key Takeaways There is 4x more supplied to DAI in Compound than there is in existence due to circular lending and borrowing. WBTC hit its DAI ceiling and ETH is close to the same as the incentive to mint DAI strengthens. The Maker community is trying to flood the market with DAI so that the …

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Risk Builds as Farmers Pile $1 Billion into Compound | Crypto Briefing

Key Takeaways 77% of BAT’s market cap is sitting on Compound ETH and USDC are the primary assets used as collateral to borrow on Compound Borrowing a volatile asset against a stablecoin increases one’s liquidation risk The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Share this article With extraordinary …

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Trio of Bitcoin Tokens Lures DeFi Yield Farmers to New Pastures - CoinDesk

Trio of Bitcoin Tokens Lures DeFi Yield Farmers to New Pastures – CoinDesk

The number three decentralized finance (DeFi) application, Synthetix, is also enjoying the current boom times in bankless banking. (Warning: This post is going to go a lot of places so buckle in.) To recap, Synthetix is a platform for minting and exchanging synthetic tokens that mirror the price of other assets. On June 19, Synthetix …

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CSIRO and Goanna Ag bring smart sensors to help farmers improve crop water usage

Goanna Ag canopy sensor in CSIRO tomato trials near Swan Hill, Victoria Image: Goanna Ag The Commonwealth Scientific and Industrial Research Organisation (CSIRO) and Queensland-based agtech company Goanna Ag have announced a partnership that will see sensors and analytics be used to help growers better understand how to maximise the use of irrigation water to …

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