🐢 DeFi 101 🐢 Automated Market Maker - AMM Pioneered by @ | Nexus Mutual a Binance Square-en

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🐢 DeFi 101 🐢
Automated Market Maker - AMM
Pioneered by @Uniswap, AMMs replace traditional order books with liquidity pools managed with smart contracts. This allows them to automatically set prices for traders without a centralized exchange.
Next week is about liquidity!

Felelősségkorlátozó nyilatkozat: Harmadik felek véleményét tartalmazza. Nem minősül pénzügyi tanácsnak. Szponzorált elemet tartalmazhat. Lásd a Feltételeket.

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@NexusMutual

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Just keep on walking

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🐢 This Week in DeFi 🐢 Can you believe it’s already Friday again? Time flies when you’re busy… Let’s take a look at what happened this week in DeFi 👀

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Protocol Cover is our most popular product If you’re depositing crypto onto one of the major protocols, protect it against smart contract hacks, oracle failure, governance attacks & more Choose from 70+ cover listings from @aave to @SushiSwap & cover your crypto today 🛡️

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Hack Recap: CREAM V1 2021 In Oct 2021, CREAM finance was hacked for $130M, the 3rd largest ever DeFi hack at the time. The attacker minted a large amount of crYUSD & exploited a vulnerability to double the value of the tokens Nexus paid out $397K in claims to cover holders 🤝

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Engineering Update If you were an active Nexus Mutual user during our V1 days (pre March 2023) and see $NXM transferred to your wallet, it’s because we are deprecating support for the V1 contracts Over the next week, our team will be covering gas fees to claim and transfer any NXM associated with users past participation as cover buyers, risk assessors, or claim assessors when Nexus Mutual V1 was live Users can verify that the NXM in their wallet is the official token by checking the smart contract address: 0xd7c49CEE7E9188cCa6AD8FF264C1DA2e69D4Cf3B Haven't been active in the Nexus Mutual community since the V2 launch? We’ve made lots of updates, so you should come see the new ways to put your NXM to work 🚀 Here are some ways you can use your NXM in V2, and you can check out the link below: - Buy Cover - Stake and Delegate NXM to a Staking Pool Manager - Create your own staking pool, manage your NXM and accept delegations from others - Redeem NXM for ETH through the Ratcheting AMM Thank you for being part of Nexus Mutual 🤝

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Legfrissebb hírek

Neiro Sees Significant Short-Term Surge

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Interest Rate Derivatives Traders Predict Significant Rate Cuts By End Of Next Year

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Turbos Finance Token Sees Significant Gains

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Bitcoin Falls Below $60,000 Ahead of Anticipated Fed Rate Cut

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FB Falls Below $24 With Significant 24-Hour Drop

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