Features Crypto News by Thebittimes.Com

Justin Sun has excitedly trumpeted the launch of the new version of his algorithmic stablecoin, USDD, taking to X to proclaim that it’s “about to launch with a 20% APY.” However, he insists that people stop asking where the yield comes from. Strangely, it’s hard to determine with any amount of precision how USDD 2.0 will differ from the current implementation. The most recent version of the coin’s whitepaper dates to December 2022 — more than two years ago. It posits that its stability will come from the project serving in the role “of a decentralized central bank in the industry .”  USDD 2.0 is about to launch with a 20% APY, fully subsidized by @trondao . All interest will be sent in advance to a transparent address. There’s no other reason—it’s simply because we have plenty of money. So, stop asking me questions like “where does the yield come from.” — H.E. Justin Sun (@justinsuntron) January 15, 2025 Even more...

Bitcoin surged to a record high of $75,372, driven by the excitement of Donald Trump’s presidential win, sparking a broader crypto rally. With 98% of cryptocurrencies in the green, the market sentiment is buzzing with “greed.” As investors flock to the crypto market, Uniswap, SuperVerse, Jito, and Aerodrome Finance show impressive gains and offer prime opportunities for savvy traders. This bullish momentum signals a promising outlook for the crypto space, making now the perfect time to explore the top gainers .   Biggest Crypto Gainers Today – Top List Uniswap led the way with a 17.79% surge, reaching $8.10, driven by strong DeFi market interest. Meanwhile, SuperVerse followed closely, jumping 17.56% to $1.29, boosted by its Web3 gaming connections. In addition, Jito saw a 16.38% rise, reaching $2.21, fueled by the success of its restaking launch. Finally, Aerodrome Finance gained 14.62%, climbing to $1.23, continuing its impressive growth with a 5,000% i...

Governance Wars in DeFi Protocols! The rise of decentralized finance (DeFi) has brought significant changes to the way we think about financial systems, offering autonomy, transparency, and inclusivity. However, as the ecosystem evolves, one of the most contentious issues that has emerged is the battle for governance within these decentralized protocols. Governance wars have become a pivotal aspect of DeFi, as stakeholders vie for control over the future direction and decision-making power of these platforms. Understanding Governance in DeFi At the heart of every DeFi protocol lies a governance system. This system enables stakeholders, primarily those who hold governance tokens, to propose and vote on changes to the protocol. This can include decisions on upgrades, fee structures, treasury allocations, and other fundamental aspects of the platform’s operations. Governance tokens, such as COMP for Compound or AAVE for Aave, essentially give their holders a voice in the protocol’s futur...