‘What the f*ck am I doing in crypto?’ Here’s my answer
The collapse of FTX and the madness of Sam Bankman-Fried made me question my faith in crypto for the first time. But this turmoil doesn’t dent the case for DeFi. In fact, it strengthens it.
rhino.fi Statement on FTX
With every market cycle, the same fundamental issue causes even greater pain – centralisation ultimately does not work for users. As always it’s regular people, not the billionaires playing games, who are most impacted by the current FTX situation and wider FTT ecosystem collapse. Many new industry participants used FTX as their first touch point …
rhino.fi integrates with zkSync
Rhino.fi will soon integrate with zk Sync 2.0, the first fully-compatible EVM ZK rollup to go live on Ethereum mainnet. Here’s what this means for you, us, and DeFi. In 2020 we partnered with StarkWare to launch a scalable exchange instance of StarkEx. This made rhino.fi (then known as DeversiFi) one of the first-ever scaling …
A new chapter for AMMs: The first fully trustless pools on StarkEx layer 2 are live on rhino.fi
IT’S’ ALIIIIIVE!!! The first fully trustless, reward-earning AMM pool on StarkEx layer 2 has just opened on rhino.fi. Building fully trustless AMMs on our StarkEx layer 2 rollup has been one of the toughest technical challenges we’ve ever faced. It’s been audited and tested under every imaginable scenario, without shortcuts. And now the technology is …
Tornado Cash sanctions show we can’t trust CeFi
The Tornado Cash sanctions are a warning shot to the entire DeFi community. If you’ve been following the news, you’ll know that Tornado Cash, a privacy tool that enables you to shield your transaction history, is the first-ever smart contract to be sanctioned by the U.S. Treasury. This means you can now go to jail …
How Do Blockchain Bridges Really Work? And Can You Trust Them?
Blockchain bridges (also known as cross-chain bridges) enable data and value to flow freely between blockchains, and thus play an integral role in the multi-chain universe. However they’ve received fierce criticism over the past few months, following a string of damaging hacks. On August 2nd, just a few days before this article was written, hackers …
How Do Blockchain Bridges Really Work? And Can You Trust Them? Read More »
This is a Noah’s Ark moment for DeFI
It’s easy to think we’re in unprecedented times. The collapse of Terra’s UST stablecoin has created the biggest controversy ever seen in crypto. Sixty billion dollars have been wiped off the market — the same amount swindled by Bernie Madoff in his Ponzi scheme of the late-noughties. Not only that, but we’ve seen the collapse …
Introducing cross-chain swaps with Polygon: Swap hundreds of tokens, gas-free
Today DeversiFi takes a giant leap towards the multi-chain future. We’ve launched cross-chain swaps to Polygon, allowing you to effortlessly swap hundreds of tokens from layer 2. This new feature removes all the hassle of swapping assets cross-chain. No new wallets, no bridging, no additional network fees. Every swap you make will be totally gas-free, …
Introducing cross-chain swaps with Polygon: Swap hundreds of tokens, gas-free Read More »
aUST crash: Don’t give up on DeFi
The UST collapse has made everyone in crypto press pause. Since the $18 billion stablecoin depegged, we’ve all thought about how we can rebuild DeFi for the better, and provide a stronger backstop the next time a Black Swan ripples our waters. At DeversiFi, we invited our users to pursue a yield opportunity based on …
DeversiFi Status Update May 2022: AMMs, Incentives and More
DeversiFi is tearing down the exchange model and building something entirely different. We’re creating an exchange that puts people before profit and claims fees when you succeed, not when you fail. It’s a model that’ll flush out the pump-and-dumpers and reward genuine supporters, not cynical opportunists. This transformation will have a ripple effect across the …
DeversiFi Status Update May 2022: AMMs, Incentives and More Read More »
