• Latest
DeFi Is DeadFish? Decentralized Finance Parody Launches on Ardor Blockchain

DeFi Is DeadFish? Decentralized Finance Parody Launches on Ardor Blockchain

August 12, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Bitcoin

DeFi Is DeadFish? Decentralized Finance Parody Launches on Ardor Blockchain

coinnewsdaily by coinnewsdaily
August 12, 2020
in Bitcoin
0
DeFi Is DeadFish? Decentralized Finance Parody Launches on Ardor Blockchain
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Decentralized finance (defi) is escaping the Ethereum ecosystem that birthed it and permeating other crypto networks. From TRON to Polkadot and Cosmos to Tezos, clever deal chains are embracing the gospel of defi and the chance of redemption and relevancy it claims. Now, a group of developers from the Ardor group have gotten in on the act, making a defi token that is creating pretty a stir. It is named DeadFish and as its name implies, there is a little something off about it.

DeadFish Floats on Ignis Childchain

DeadFish (DeFi) is a enjoyable challenge which is sprung to existence on Ignis, a childchain of the Ardor blockchain managed by Jelurida. In a blog site write-up outlining its eyesight guiding DeadFish, the anonymous Ardor DeFi staff mocks the defi fakers who assure to financial institution the unbanked and produce fiscal independence although only enriching them selves by peddling vaporware. Then, the workforce unveils its possess eyesight for defi on Ardor:

“There is a finite source of just one trillion DeFi tokens, which is a ideal mix of the deflationary minimal supply and adequate for all the 7 billion men and women on the world. DeFi (DeadFish) lives by the US Maritime axiom of ‘No person (or woman or non-binary individual) remaining behind’.”

Audience will have gleaned that the developers are not lethal critical about their DeFi token, but that does not suggest the complete project is a joke. Rather, it’s a clever dig at the blockchains striving to surf the defi wave and an ad for Ardor’s specialized capabilities.

A Joke Coin With a Really serious Message

A person of the explanations why the vision underpinning defi has pale is simply because Ethereum expenses have produced the network acceptable for little extra than trading and shuffling huge quantities of stablecoins around. Even though these are each legit use cases for Ethereum, the spike in transaction quantity (daily network service fees are now more than $2 million) has rendered minimal-worth transactions infeasible. Other blockchain networks have bigger scalability than Ethereum, and consequently decrease expenses, albeit without the need of the identical community effects.

The launch of DeadFish has specified its workforce an chance to emphasize the abilities of Ardor’s blockchain community, noting: “Unlike Ethereum, [Ardor] does not have a bloat difficulty, it is conveniently scalable and the fees are miniscule as when compared to the prohibitive costs in gas that Ethereum levies.”

Other strengths of the Ardor network that are highlighted involve:

  • Light-weight intelligent contracts that really don’t have to be executed by each individual node
  • Reduced obstacles to entry: the DeadFish token can be obtained on the Ardor DEX or by tweeting the DeFi bot with an Ardor wallet tackle.
  • Small business development: Ardor is getting employed for a selection of severe initiatives together with a blockchain task initiated by the Austrian federal government.

Defi on Ethereum Has Its Share of DeadFish

Though the DeadFish token is only obtainable on Ardor, Ethereum has its share of defi assignments whose tokens are about as most likely to see worldwide adoption. The fast progress of defi into a multi-billion dollar market primarily based on full property locked has prompted a electronic gold hurry that evokes the ICO increase of 2017. The mounting worth of the assets stored in clever contracts, in the meantime, has furnished sturdy incentives for attackers to consider and exploit them for monetary attain.

Far more than fifty percent a dozen defi hacks and exploits have happened in 2020, with the most recent having position on August 4 when above $370,000 of USDC was eliminated from defi hazard administration assistance Opyn. The irony is palpable. DeadFish may possibly not change the world or sign the close of defi on Ethereum, but at minimum its developers are trustworthy about their intentions, and in crypto, which is fairly refreshing.

Related articles

5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022


Decentralized finance (defi) is escaping the Ethereum ecosystem that birthed it and permeating other crypto networks. From TRON to Polkadot and Cosmos to Tezos, clever deal chains are embracing the gospel of defi and the chance of redemption and relevancy it claims. Now, a group of developers from the Ardor group have gotten in on the act, making a defi token that is creating pretty a stir. It is named DeadFish and as its name implies, there is a little something off about it.

DeadFish Floats on Ignis Childchain

DeadFish (DeFi) is a enjoyable challenge which is sprung to existence on Ignis, a childchain of the Ardor blockchain managed by Jelurida. In a blog site write-up outlining its eyesight guiding DeadFish, the anonymous Ardor DeFi staff mocks the defi fakers who assure to financial institution the unbanked and produce fiscal independence although only enriching them selves by peddling vaporware. Then, the workforce unveils its possess eyesight for defi on Ardor:

“There is a finite source of just one trillion DeFi tokens, which is a ideal mix of the deflationary minimal supply and adequate for all the 7 billion men and women on the world. DeFi (DeadFish) lives by the US Maritime axiom of ‘No person (or woman or non-binary individual) remaining behind’.”

Audience will have gleaned that the developers are not lethal critical about their DeFi token, but that does not suggest the complete project is a joke. Rather, it’s a clever dig at the blockchains striving to surf the defi wave and an ad for Ardor’s specialized capabilities.

A Joke Coin With a Really serious Message

A person of the explanations why the vision underpinning defi has pale is simply because Ethereum expenses have produced the network acceptable for little extra than trading and shuffling huge quantities of stablecoins around. Even though these are each legit use cases for Ethereum, the spike in transaction quantity (daily network service fees are now more than $2 million) has rendered minimal-worth transactions infeasible. Other blockchain networks have bigger scalability than Ethereum, and consequently decrease expenses, albeit without the need of the identical community effects.

The launch of DeadFish has specified its workforce an chance to emphasize the abilities of Ardor’s blockchain community, noting: “Unlike Ethereum, [Ardor] does not have a bloat difficulty, it is conveniently scalable and the fees are miniscule as when compared to the prohibitive costs in gas that Ethereum levies.”

Other strengths of the Ardor network that are highlighted involve:

  • Light-weight intelligent contracts that really don’t have to be executed by each individual node
  • Reduced obstacles to entry: the DeadFish token can be obtained on the Ardor DEX or by tweeting the DeFi bot with an Ardor wallet tackle.
  • Small business development: Ardor is getting employed for a selection of severe initiatives together with a blockchain task initiated by the Austrian federal government.

Defi on Ethereum Has Its Share of DeadFish

Though the DeadFish token is only obtainable on Ardor, Ethereum has its share of defi assignments whose tokens are about as most likely to see worldwide adoption. The fast progress of defi into a multi-billion dollar market primarily based on full property locked has prompted a electronic gold hurry that evokes the ICO increase of 2017. The mounting worth of the assets stored in clever contracts, in the meantime, has furnished sturdy incentives for attackers to consider and exploit them for monetary attain.

Far more than fifty percent a dozen defi hacks and exploits have happened in 2020, with the most recent having position on August 4 when above $370,000 of USDC was eliminated from defi hazard administration assistance Opyn. The irony is palpable. DeadFish may possibly not change the world or sign the close of defi on Ethereum, but at minimum its developers are trustworthy about their intentions, and in crypto, which is fairly refreshing.

Share76Tweet47
Previous Post

Stellar (XLM) Could Kick Off a Wild Uptrend if Bulls Guard Essential Level

Next Post

Coinbase Managed to Preserve 75% on Bitcoin Transaction Costs: Here is How

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
btc and eth will break all time highs in 2022 — celsius ceo
Bitcoin

BTC and ETH will break all-time highs in 2022 — Celsius CEO

April 21, 2022
price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
Bitcoin

Play-to-Earn Bitcoin Games: How Lightning Network Enables Gamers to Earn Sats

April 20, 2022
Load More
Next Post
Why Hackers Are Demanding $4.5 Million in Bitcoin From a Vacation Firm

Coinbase Managed to Preserve 75% on Bitcoin Transaction Costs: Here is How

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$27,936.000.61%
  • ethereumEthereum(ETH)$1,769.350.20%
  • tetherTether(USDT)$1.00-0.55%
  • binancecoinBNB(BNB)$328.800.90%
  • rippleXRP(XRP)$0.4545210.12%
  • cardanoCardano(ADA)$0.353379-1.39%
  • dogecoinDogecoin(DOGE)$0.073965-2.14%
  • matic-networkPolygon(MATIC)$1.100.16%
  • solanaSolana(SOL)$20.73-0.44%
  • polkadotPolkadot(DOT)$6.01-0.31%
  • litecoinLitecoin(LTC)$92.74-1.32%
  • shiba-inuShiba Inu(SHIB)$0.000011-0.71%
  • tronTRON(TRX)$0.064251-1.50%
  • daiDai(DAI)$1.000.21%
  • chainlinkChainlink(LINK)$7.19-0.10%
  • cosmosCosmos Hub(ATOM)$11.22-0.71%
  • leo-tokenLEO Token(LEO)$3.472.64%
  • moneroMonero(XMR)$160.10-2.72%
  • ethereum-classicEthereum Classic(ETC)$20.16-0.39%
  • okbOKB(OKB)$41.880.10%
  • stellarStellar(XLM)$0.092239-0.19%
  • bitcoin-cashBitcoin Cash(BCH)$124.21-1.38%
  • filecoinFilecoin(FIL)$5.601.16%
  • crypto-com-chainCronos(CRO)$0.068418-1.67%
  • vechainVeChain(VET)$0.022779-1.07%
  • algorandAlgorand(ALGO)$0.208967-0.21%
  • internet-computerInternet Computer(ICP)$4.95-0.42%
  • eosEOS(EOS)$1.13-0.40%
  • elrond-erd-2MultiversX(EGLD)$42.38-0.80%
  • tezosTezos(XTZ)$1.151.82%
  • aaveAave(AAVE)$72.390.49%
  • theta-tokenTheta Network(THETA)$1.01-0.59%
  • neoNEO(NEO)$12.694.36%
  • paxos-standardPax Dollar(USDP)$1.00-0.64%
  • havvenSynthetix Network(SNX)$2.44-0.02%
  • bitcoin-cash-svBitcoin SV(BSV)$36.30-1.85%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.730.08%
  • dashDash(DASH)$58.20-2.11%
  • makerMaker(MKR)$667.58-0.60%
  • huobi-tokenHuobi(HT)$3.66-0.39%
  • iotaIOTA(MIOTA)$0.2079850.42%
  • zilliqaZilliqa(ZIL)$0.026978-0.72%
  • zcashZcash(ZEC)$35.990.20%
  • basic-attention-tokenBasic Attention(BAT)$0.2416461.06%
  • nemNEM(XEM)$0.0392790.42%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.151.17%
  • kusamaKusama(KSM)$33.410.50%
  • compound-governance-tokenCompound(COMP)$42.03-2.04%
  • bitcoin-goldBitcoin Gold(BTG)$16.17-1.55%
  • yearn-financeyearn.finance(YFI)$8,361.840.05%
  • omisegoOMG Network(OMG)$1.82-0.72%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.237991-0.61%
  • wavesWaves(WAVES)$2.14-0.55%
  • ontologyOntology(ONT)$0.2297062.60%
  • sushiSushi(SUSHI)$1.050.69%
  • digibyteDigiByte(DGB)$0.0096090.34%
  • umaUMA(UMA)$2.03-0.53%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%