Connect with us

News

Blue Kirby, why is the crypto media silent? Decoding Blue Kirby’s exit (scam) from Twitter space

rss
blue kirby

Blue Kirby, the biggest and the most aggressive promoter of Yearn. Finance has disappeared from the Crypto Twitter space.

biz/ - 19 days until Cover Crypto Insurance is released - Business &  Finance - 4chan



It is reported that the real identity of Blue Kirby, who allegedly stole millions, exit scammed. He also ran this site:  https://gumroad.com/guap

Regarding the disappearance of Blue Kirby, where is the investigative journalism? Does the DeFi community not want justice? Are we simply saying this is ok?

It also seems he wasn’t very careful in that he allegedly charged $2500 per person for his secret insider information group, where people paid him via venmo, thus leaving proof to his identity.

Within the group,the real person behind the blue kirby pseudonym allegedly leaked insider information about YFI.  

blue kirby identity


So the DeFi space was literally blown away when SushiSwap, assumingly performing magically, suddenly faced an event. Chef Nomi, the anonymous creator of the SushiSwap ecosystem resigned triggering a huge panic among the investors leading the major price drop. The burning question now is whether the latest update on the Blue Kirby also is a suspicious move and should the investors now short YFI. 

Three days ago on October 11th, many crypto followers and users had noticed that Blue Kirby, considered as the anonymous legend of the Yearn.Finance community has suddenly deleted their account from Twitter. The worst part of it all is that the disappearance happened without any prior warning and out of the blue. 

Australian crypto evangelist Alex Saunders through his twitter account said that he finds it difficult to believe what happened to $YFI. He draws a parallel with Chef Nomi’s case and how badly it hurt the DeFi at that juncture. 

OFF_BLUE is the only project which is left of Blue Kirby in the truest sense. What really remains active is an Ethereum contract since October 8th and a Twitter account with 3.3K followers and protected tweets. According to experts, it will also address the disruptive segment of Non-fungible tokens.

Eminence rage, a reason for its distancing?

Blue Kirby was successful in creating his/her online persona in the early summer months. This was done by riding on the back of Andre Cronje’s crypto hedge fund Yearn. The $YFI cheerleader rose to the ranks of the DeFi Community members on Twitter especially after the community allocation of $7000 per month was done for the tireless promotion of YFI token.

But Blue Kirby’s lapse of judgment came into light especially this late September with the sloppy and bungled release of Cronje’s Eminence. And now after Blue Kirby decides to resign and disappear into nothingness, it has followed a major explosion of the EMN protocol which is based on Yearn’s open-source code. Just 2 weeks ago a wrongdoer and a miscreant planning led to the draining of $15 million in EMN liquidity due to design flaws. 

The entire occurrence of disappearance could also be because Blue Kirby started getting all kinds of threats. Undoubtedly the promoter was aggressively pushing the EMN protocol since its launch, but after the hack, the popularity slowly degenerated and converted into disappointment. The moment it received a lot of fire from the community and crypto degens alike Blue Kirby distanced itself from every activity related to Yearn.Finance. In Fact it has taken the distancing very seriously by leaving yield farming telegram groups.

What Blue Kirby meant for Yearn.Finance

Blue Kirby has been the most passionate and aggressive promoter of Yearn. Finance. Right after YFI skyrocketed achieving the fastest 100x, a major rally in the crypto industry ever, there was a proposal submitted by the project contributors to pay Blue Kirby a compensation of $7000 USD every month as it had contributed majorly to its popularity.

But it also came into notice that DeFi community members have alleged that Blue Kirby had unfairly exercised influence over the Yearn ecosystem. It was further alleged that it had conducted a questionable Initial Coin Offering (ICO)for a non-fungible token (NFT) marketplace called Off-Blue.

The DeFi summer fiascos go on to show how permissionless technology,  pseudonymous identities, and borderless marketplaces can be an inflammable mix. Without interests at stake, Blue Kirby had very little incentive to act in the long-term interest of the community members as per the opinion of the crypto industry members.

Response from Andre Cronje

Also doing the rounds is the resignation of Andre Cronje who created Yearn.Finance. But he has made it clear that he will stay out of crypto Twitter.

“Still here. Still building. Nothing has changed.”

Since Blue Kirby’s exit, the price of $YFI has dropped significantly.As of now, the price of YFI is $14,337 USD.

DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch

Share this article below !



Facebooktwitterredditlinkedinmail
rss
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

MetaMask Swap : Here’s What you Need to Know

rss

MetaMask Swap :New feature Token Swap pitched for best trading experience in DeFi

metamask swap

MetaMask Swap has now officially launched. Metamask is a broswer extension and the most popular and used wallet and gateway for Ethereum. Metamask rose to great prominence this year with the ascension of Uniswap.

Now ConsenSys has recently made a big announcement – a new feature it has added in its kitty which is stated to resolve ancient issues of crypto wallets. The MetaMask Swap feature introduced by the giant aims to compare as well as swap tokens directly within MetaMask.

MetaMask has grown from strength to strength and has emerged as a wallet trusted by millions. It now has more than one million active users of its wallet services and is trusted by them to securely store their digital assets. It also is touted to offer a diverse variety of tokens at the best princess across DeFi.

Known to provide bespoke software solutions for the Decentralized Finance markets, ConsenSys, has established its foothold as the leading Ethereum Software company. 

metamask

Let’s explore it in detail.

MetaMask Swap: Best Features

  • The new token swaps feature will fetch quotes across several decentralized liquidity sources so that the users can get what they want at the best possible price.
  • Earlier MetaMask navigation was complex and tricky. The user had to go through many decentralized exchanges or aggregators which offer a different set of tokens at different prices. In addition, every token had to be approved for trading adding to the woes. But the new token swap feature offers a platform that has an intuitively integrated user experience and streamlines all available liquidity.
  • The novel platform also aims to bring in greater transparency and efficiency resulting in a  better network experience. 
  • The feature will be initially available to users of the MetaMask extension on the Firefox browser. The concern plans to come up with versions for other browsers as well as MetaMask Mobile.

Benefits of using MetaMask Swap

Token Swap has several benefits in the offering because it has taken into account everything that worked against MetaMask in the past. Some of the most discernible benefits are:

MetaMask Swap Offers more liquidity mining

Every aggregator will interact with different liquidity sources that hold a certain amount of liquidity. By getting orders from many aggregators like Uniswap, Airswap, 1inch.exchange, Kyber, and the likes it will have access to the maximum liquidity across the DeFi ecosystem.

Best prices and tokens

Decentralized Exchange aggregators in the sector employ different trading strategies. This explains why the assets are priced differently. 

But the users of the MetaMask wallet under the new feature can request prices from all the available aggregators and individual market makers. MetaMask will then ensure that every user gets what they want – the best prices across DeFi. Getting orders from different aggregators also ensures that MetaMask user is able to access all the top available tokens in DeFi. 

MetaMask Swap has a great User Experience

To ensure the user doesn’t drive away user-experience is the key. Earlier the entire wallet system was a conundrum of confusion and excessive complexity. But, MetaMask has understood that this could be a problem for them as it could drive away users. Hence it has streamlined its approval process so much so that the users will now be able to access liquidity directly from the MetaMask User Interface. Previously they were required to navigate each DEX separately but this is a more combined and integrated approach that will simplify the entire process. 

MetaMask Swap has Lower Gas Fees

Every single DeFi aggregator pushes to its etched out path to get the best trade. Every route it chooses has a different gas fee to ensure the transaction takes place. MetaMask through its token swap feature will get the best prices for the user. It also will get them the best aggregator which is most gas-efficient for a trade-in question.

MetaMask Swap has Fewer approvals

Earlier the users had to get the due approval for every token on multiple aggregators. This means that several user interfaces for every approval process but with MetaMask’s token swap users need to take approval only once. This directly converts into reduced gas costs and a much lighter approval process. 

MetaMask has registered impressive growth figures. Just a few days ago, the noted platform surpassed the figure of a million active users of the wallet services. 

With the token swap, MetaMask has excelled itself by removing several issues that barred the user from a good experience. By provisioning an optimized trade path, it has reduced complexities leading to better DeFi adoption. 

DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch

Share this article below !

Facebooktwitterredditlinkedinmail
rss
Continue Reading

News

Aave Crypto, DeFi asset secures institutional suitors

rss

Aave brings DeFi to Institutions, raises $25 million from investors

DeFi is a world where everything is so dynamic and technologically savvy because it is one sector that is growing with change. Several platforms have come ahead, collaborated, and funded to bring new projects to the fore or lubricate the functioning of present projects to bring DeFi to the remotest corners of the world. 

Aave has been a prominent DeFi player ever since its inception. By following the truest forms of decentralization measures, it is migrating to a new governance token AAVE. But bigger than that, the noted decentralized lending and borrowing protocol announced a $25 million investment from Blockchain Capital,  Standard Crypto, and Blockchain.com ventures, among others.

CEO Stani Kulechov said that if new stakeholders are added, they will participate in the protocol’s governance and staking. He further added:

“Aave raised funds from strategic investors to bring DeFi closer to institutional use and to expand the team size to serve the growth in Asian markets.” 

Aave allows its depositors to earn interest by providing liquidity to lending pools. In such a case, users can borrow cryptocurrencies with even little collateral. In terms of the total value looked at, Aave is the third-largest with a TVL of $1.3 billion in assets staked on the protocol. The present funding that is being raised will present supplementary funding of the earlier $24 million that was raised through three token sales since 2017.

Traversing from LEND to AAVE

Earlier this month Aave started taking measures to gradually upgrade its LEND token to an all-new and a much more robust and powerful AAVE token. This confers voting as well as staking rights which will allow the community to have a far-reaching opinion that will matter in the overall decision-making. This is what decentralization in its truest forms will mean and Aave has a name for it also – ‘Aavenomics’.

Kulechov explained, “Aave is now moving towards the AaveDAO, which means that after the migration from LEND to AAVE, anyone can build new functionality into the protocol along with the Aave team, effectively decentralizing development and governance.”

The upgrade is also known as Aave V2 is a bag full of promises and surprises. It will host several new features and functionalities like debt tokenization, native credit delegation, fixed-rate deposits, and gas optimization. As per the latest information, the transfer rate is 100 LEND per 1AAVE with the new token having a market capitalization close to $637 Million. The AAVE holders will have the right to vote on the protocol and its policies with a new process called Aave Investment proposals or AIPs where the protocol changes can be submitted. 

Gemini lists AAVE first

Last week also was news for the new token AAVE. Gemini, the cryptocurrency exchange co-founded by the Winklevoss brothers, became the first cryptocurrency exchange to list AAVE and also allow custody of its token. 

aave crypto

The listing was first announced by Tyler Winkelvoss and was then shared by Aave’s CEO on Twitter. The CEO noted that Gemini has become the first exchange to list AAVE as well as allow custody. Each AAVE token is worth 100 LEND tokens, with the maximum supply of AAVE being 16 million units. As of now, a total of 13 million AAVE tokens have been distributed to LEND holders, and the rest remains as part of the Aave Ecosystem Reserve.

Aave’s flash loans are stated to give users access to tens of millions in capital for a small fee yet for a few seconds only. These flash loans have proven to be the cash cow for the protocol making it the most popular products in its kitty. The team had also announced that $500 million in flash loans had already been issued in 9 months since it was launched. This announcement was made in September. 

AAVE’s new price today is $50.83 with a 24-hour trading volume of $556,222. In the last 24 hours, AAVE price is showing up by 2%. The slight increase could be the news of the new funding injection into the protocol and the growth associated with it. Its current circulating supply is 5.5 million coins with a maximum supply of 16 million coins. 

aave crypto

Source: CoinGecko

With DeFi very much grabbing headlines this summer, investors are looking to grab maximum stakes in promising projects like Aave. 

DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch

Share this article below !

Facebooktwitterredditlinkedinmail
rss
Continue Reading

News

NFTs Crypto: Just the Beginning

rss
nfts crypto

NFTs Crypto: Understanding the growth story

Things are heating up with NFTs in DeFi and crypto space, and fast! Non-fungible token sales have amassed close to $100 million worth of lifetime trade volume, according to Bankless. The data that was taken from a noted web portal nonfungible.com, gives a comprehensive view of the NFT ecosystem. We believe that the growing adoption of NFTs in the ecosystem partnered with user understanding of the same has the potential to become a trillion-dollar market in the future. 

From the first brush, anyone could perceive non-fungible tokens (NFTs) as crypto-collectibles like crypto kitties but when we dig deeper, non-fungible tokens are an entirely new class of digital assets. For the very first time, there is a technology that allows us to create an incontrovertible new set of digital assets that is easily maintainable without any authority or centralized entity other than the blockchain itself. 

Understanding Non-fungible tokens

Blockchain has this innate ability to create scarce digital assets, the ownership of which is maintained by a decentralized network of miners. But, in great detail, these assets are fungible meaning they can be replaced interchangeably by another of the same. For instance, Your bitcoin will be the same as my bitcoin. So they are mutually interchangeable and are pretty popular as mediums of exchange or as a store of value. But they are not unique!

So, now a group of entrepreneurs, who employ blockchain technology will allow for this uniqueness to rise with what we call non-fungible tokens or assets which are not interchangeable. So primarily they are assets that are mutually not substitutable and cannot be interchanged. 

Fungibility is very important for assets to maintain their reliability but the fungibility factor also makes it vulnerable and susceptible to losses due to fluctuation in prices. This is the only reason that the concept of non-fungible tokens has risen to prominence. NFT’s are digital assets of the exclusive nature because each of them is different from the other. Every NFT secures peerless metadata that paves the way for its exclusive entry on the blockchain. NFTs cannot be interchanged on the same blockchain.

NFTs: A Rapid Rise

The trials for the creation of a non-fungible token began around 2013. The first example we can highlight was that of the Color Coin created upon the Bitcoin Network. But the one which actually got noticed in the crypto world was the emergence of ERC721. The features were slightly different and it could track the movements and ownership features of individual coins making it non-fungible. The first successful attempt at its application was called Crypto Kitties. The most exorbitant form of it was traded for $172,625 in 2017.

It has found unique and valuable use cases and implementation in several industries apart from the crypto industry like gaming, art pieces (also crypto-based), and likewise. Over the years the use of fungible crypto has yielded positive results and has firmly established its significance in the digital ecosystem. But NFT’s signify the huge ability to tokenize physical assets while holding on to its unique properties. With its rise, it has proven that it will not cause any hindrance to the existing format in the cryptocurrency ecosystem.

The idea called NFT has gathered a lot of steam especially since the verifiable digital scarcity concept was first introduced. Even this year the popularity of NFTs has jumped considerably and there is a constant flow of funds in the concept itself. Data from nonfungible shows that after the first week of September, for a period of 7 days, there were 9353 sales totaling $988,649 in NFT trade volume. The average US dollar price for a single NFT was $105 that particular week!

nfts
nfts
Project history chart from Nonfungible

The virtual land investor @Dclblogger talked about how the metaverse was growing. He also tweeted about 25 industries that are being disrupted by the non-fungible token ecosystem. The three biggest players in the NFT arena include Sorarem, Cryptopunks and Superrare. 

Holistically speaking, the NFT ecosystem continues to grow and 2020 has displayed that people are realizing that NFTS can represent anything in the virtual world and tethered to the real world with concepts. Crypto creators are generating a whole new atmosphere for NFT collectibles, rare art pieces in-game items, and large virtual worlds. The growth will show no signs of abatement anytime soon!

DeFiRev.com is #1 in DeFi News. Check back in soon to find out the latest in DeFi News.


Make sure to check out more DeFiRev articles and sign up for our exclusive newsletter + get access to VIP DeFi Networking here.


DeFiRev.com – HOME
DeFiRev.com – DeFi Market Watch

Share this article below !

Facebooktwitterredditlinkedinmail
rss
Continue Reading
bitcoin
Bitcoin (BTC) $ 12,929.20
ethereum
Ethereum (ETH) $ 414.05
tether
Tether (USDT) $ 1.00
ripple
XRP (XRP) $ 0.261266
bitcoin-cash
Bitcoin Cash (BCH) $ 273.16
binancecoin
Binance Coin (BNB) $ 31.18
chainlink
Chainlink (LINK) $ 11.51
polkadot
Polkadot (DOT) $ 4.31
litecoin
Litecoin (LTC) $ 55.32
cardano
Cardano (ADA) $ 0.109889
bitcoin-cash-sv
Bitcoin SV (BSV) $ 168.89
usd-coin
USD Coin (USDC) $ 0.999522
eos
EOS (EOS) $ 2.69
monero
Monero (XMR) $ 126.40
crypto-com-chain
Crypto.com Coin (CRO) $ 0.099094
tron
TRON (TRX) $ 0.027382
stellar
Stellar (XLM) $ 0.086260
tezos
Tezos (XTZ) $ 2.22
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 12,926.76
cdai
cDAI (CDAI) $ 0.020917
neo
NEO (NEO) $ 18.98
okb
OKB (OKB) $ 4.83
cosmos
Cosmos (ATOM) $ 5.48
leo-token
LEO Token (LEO) $ 1.24
huobi-token
Huobi Token (HT) $ 4.54
nem
NEM (XEM) $ 0.108246
dai
Dai (DAI) $ 1.01
iota
IOTA (MIOTA) $ 0.286101
binance-usd
Binance USD (BUSD) $ 1.00
vechain
VeChain (VET) $ 0.011915
dash
Dash (DASH) $ 77.53
zcash
Zcash (ZEC) $ 66.37
theta-token
Theta Network (THETA) $ 0.667043
ethereum-classic
Ethereum Classic (ETC) $ 5.50
uniswap
Uniswap (UNI) $ 3.09
maker
Maker (MKR) $ 596.79
havven
Synthetix Network Token (SNX) $ 4.06
filecoin
Filecoin (FIL) $ 26.03
omisego
OMG Network (OMG) $ 3.46
uma
UMA (UMA) $ 8.31
celsius-degree-token
Celsius Network (CEL) $ 1.28
yearn-finance
yearn.finance (YFI) $ 14,033.21
compound-ether
cETH (CETH) $ 8.29
aave
Aave (AAVE) $ 36.94
compound-governance-token
Compound (COMP) $ 98.78
paxos-standard
Paxos Standard (PAX) $ 1.00
ftx-token
FTX Token (FTT) $ 3.90
ontology
Ontology (ONT) $ 0.563833
dogecoin
Dogecoin (DOGE) $ 0.002675
renbtc
renBTC (RENBTC) $ 12,903.86