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Markets
OP HITS ATH
Crypto Rally Gains Steam After Fed Sticks To Plan
A 0.25% Hike Was Widely Expected
By Owen Fernau
Risk property took flight after Fed chair Jerome Powell introduced what had already been broadly predicted — a 25 foundation level rate of interest hike on Feb. 1.
Ether briefly traded above $1,700 for the primary time since September 2022, whereas Bitcoin hit a five-month excessive above $24,000.
Layer 2 community Optimism noticed exercise plummet final week after an incentive program ended, however a brand new proposal from the Optimism Foundation has seemingly discovered favour with buyers.
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News
DAI
OlympusDAO Votes To Deposit $77M In MakerDAO
DAI Savings Rate Was Increased To 1% In December
By Owen Fernau
OlympusDAO, which goals to develop what it calls a “decentralized reserve currency” and was the poster baby of the ‘DeFi 2.0’ motion, has voted to deposit 77M DAI into MakerDAO’s DAI Savings Rate (DSR) module.
Maker, which points the DAI stablecoin towards overcollateralized debt positions, successfully restarted the DSR when it raised its fee to 1% from 0% in December.
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Defiant Video
DeFi Opportunities On Arbitrum Right Now!
DeFi Explainer
DeFi Lending
What is Alchemix?
A Primer on the DeFi Lending Protocol
By Rahul Nambiampurath
Alchemix is a DeFi mission that allows customers to collateralize their loans.
Alchemix’s twist is that it tokenizes collateral as one other asset, which is usable in different components of the market.
That artificial collateral is then borrowed, routinely paying off the unique mortgage with out inducing liquidation danger.
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