How stable are stablecoins?
Despite the prevalence of pegged assets — those that retain a consistent value with a currency or commodity — in the digital assets market, market participants face a significant challenge when hedging against the risks of stablecoins de-pegging. With stablecoins accounting for a value of over $140 billion, amounting to 14% of the entire cryptocurrency market cap value, and the ETH LSD (Liquid Staking Derivatives) market worth more than $10 billion, pegged assets are critical to the underlying structure of the digital asset market.
Smart Unicorns discovered: Uniswap is deploying on Binance Smart Chain
There are exciting times ahead for the Uniswap ecosystem after they successfully voted to launch their decentralised exchange (DEX) protocol onto the BNB Chain ecosystem. This move, which is highly anticipated by the community, has garnered significant attention in the DeFi space. In this write-up, we will take a closer look at the reasons behind this move, who was involved, and how it all came to be.
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