Venmo Launches Crypto Trading Platform - CRYPTO FRIDAY

Apr 23, 2021

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Hey DEFI TIMES community,

On Sunday, we saw one of the biggest liquidation events in the history of crypto markets! Over $10 billion worth of positions has been wiped out - The market was overly leveraged!

Since then, we saw a massive sell-off; however, positive news stories keep popping up everywhere!

On Tuesday, Venmo announced they would be entering the crypto market: They will offer a trading platform where 70 million Venmo users can trade four different cryptocurrencies:

Bitcoin (BTC)
Ether (ETH)
Litecoin (LTC)
Bitcoin Cash (BCH)

Just one year ago, this news story would have struck the world’s attention - not so today!

Interestingly, Venmo is owned by PayPal, which also launched crypto trading a few weeks ago. Just like with PayPal, Venmo users will be able to trade crypto directly within the Venmo app. They will also provide guidelines for their users to better understand cryptocurrencies in general.

This is exactly what we need: Large companies having skin in the crypto game. Even though Venmo reports that 30% of their customers are already invested in cryptocurrencies, 70% are still not =)

And now, Venmo certainly has incentives to make them do so!

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Synthetic Stocks

ChainLinkGod.eth 2.0 @ChainLinkGod

Synthetic stonks are now live on @synthetix_io and @kwenta_io! $sTSLA (@Tesla) $sFB (@Facebook) $sAAPL (@Apple) $sAMZN (@amazon) $sNFLX (@netflix) $sGOOG (@Google) $sMSFT (@Microsoft) and $sCOIN (@coinbase) coming soon as well 👀 $FAANG $SNX $LINK $ETH

You can now trade…

Tesla
Facebook
Apple
Amazon
Netflix
Google

…on Synthetix! Microsoft and Coinbase are coming soon after!

AMPL launches FORTH

Evan Kuo 🔑 @evankuo

Hey all, just wanted to introduce FORTH a new governance token for AMPL. Anybody who has interacted with the AMPL ecosystem on-chain can claim a portion of the network! Cheers 🍻 @AmpleforthOrg @brandoniles #MayTheForthBeWithYou $AMPL $FORTH ampleforth.org/governance/cla…

Apleforth launches its own governance token!

DAI backed by real estate

Lucas Vogelsang @lucasvo

1/ Today for the first time ever a DeFi protocol financed a Real World Asset: @MakerDAO minted its first 35,913 $DAI backed by real estate. What does this mean for Maker & DeFi? Read on 👇 coindesk.com/maker-price-ma…

Maker Price Passes $4K for First Time, as MakerDAO Brings Real Estate to DeFi - CoinDeskMaker price ($MKR) passed $4,000 for the first time in history, as MakerDAO agreed to introduce “real world” assets as collateral dai loans.coindesk.com

For the first time, Dai was minted, which is backed by real estate - a huge milestone for DeFi!

Kyber (KNC) token migration

Kyber Network @KyberNetwork

$KNC Token Migration Has Begun!🚀This migration will make $KNC more dynamic and flexible with the ability to support efficient upgrades, while giving greater control to @KyberDAO! 📖Read the guide: blog.kyber.network/knc-token-migr… ✅Use the Migration Portal: kyber.org/migrate

The Kyber token migration started. Don’t forget to do so if you hold KNC.

Balancer v2

Balancer Labs @BalancerLabs

Attention developers! Balancer V2 smart contracts are now live on mainnet 🚀 Here's what you need to know 🔽 medium.com/balancer-proto…

Developers: Balancer V2 Smart Contracts Are Now LiveThe leading protocol for generalized AMMs is excited to roll out its biggest upgrade to date, offering the tooling necessary for anyone to leverage capital efficiency in new and creative ways. As…medium.com

Balancer launched its version 2. Check it out!

Curve on Polygon

Curve Finance @CurveFinance

We have launched a pool on @0xPolygon! Liquidity in the pool is also deposited on @AaveAave. So you can swap between DAI, USDC and USDT over there, and also earn trading fees and $MATIC. Additional $MATIC rewards will be added in the coming days Curve.fiCurve is an exchange liquidity pool on Ethereum designed for: extremely efficient stablecoin trading, low risk, supplemental fee income for liquidity providers, without an opportunity cost.polygon.curve.fi

Curve launched a pool on Polygon. The layer two ecosystem is growing quickly!

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DISCLAIMER: All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article's content solely reflects the opinion of the writer, who is not a financial advisor.

Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.