Category Archives: Cryptonomics

Cryptonomics: What Is Tether (USDT)

Tether (USDT) maintains the worlds’ biggest stable coin reserve, maintaining its position of being the third most valuable coin with over $66 Billion in market capitalization. Tether Explained Tether (USDT) maintains the worlds’ biggest stablecoin reserve, maintaining its position of being the third most valuable coin according to CoinMarketCap (CMC), with over $66 Billion in market capitalization. Tether remains[Read more…]

Cryptonomics: What is Blockchain Security

The blockchain is the core of the cryptocurrency and digital era, for, without it, there would be tons of discrepancies and security flaws within transactions. What Makes a Blockchain Secure? Blockchain security is the very basis of cryptocurrency transactions. Security is the underlying structure of cryptocurrency platforms, which has prevented digital currencies like BTC from[Read more…]

Cryptonomics: What Are Elastic Supply Tokens

Rebase tokens seek to incorporate commodity-like market features through the unique  rebase mechanics used to enforce a stable peg price while maintaining scarcity. Introduction Decentralized Finance (DeFi) became really big during Q4 of 2020, ushering many new ideas and innovations never seen before. DeFi appeals to many, leveraging blockchain technology to shift mainstream financial services to[Read more…]

Cryptonomics: What Is Yield Farming

Stated simply, to yield-farm in cryptocurrency you must handover custody of your crypto assets to a particular De-Fi platform Introduction  The concept of Yield Farming surely creates an imagination of agricultural activity to any mind new to cryptocurrency and the blockchain space. While yield farming may sound a bit obscure, the concepts that apply to[Read more…]

Cryptonomics: What Are Wrapped Tokens

Wrapped tokens are tokenized versions of a cryptocurrency hosted on another blockchain representing the real-time underlying asset’s value. Cryptonomics: Wrapped Tokens Explained Wrapped tokens are becoming increasingly popular in cryptocurrency markets; it’s developed across various blockchain networks for varying reasons that serve important aspects like transaction speed, interoperability and gas fees. A wrapped token is[Read more…]

Cryptonomics: What Are Initial Farm Offerings

Initial Farm Offerings (IFO) are a new type of token sale event popularized by Decentralized Exchange (DEX) platforms, IFO’s are utilized as a fundraising event for upcoming De-Fi protocols.  Initial Farm Offerings Initial Farm Offerings (IFO) are a new type of token sale event popularized by Decentralized Exchange (DEX) platforms. PancakeSwap is the most popular of them all, utilizing[Read more…]

Cryptonomics: What are Automated Market Makers

Decentralized exchanges (DEX’s) have continued to expand, and automated market makers (AMM’s) have been the primary technology adopted due to its ease of use and proven decentralized system. Exchanges Exchanges have been utilized since the inception of cryptocurrencies to facilitate transactions. Exchanges play a role similar to modern-day brokers, matching buyers, and sellers using order[Read more…]

Cryptonomics: What Is Impermanent Loss?

Impermanent loss (IL) is a loss of funds that a user will incur when they provide liquidity on Automated Market Making (AMM) exchanges. AMM’s utilize an algorithm and game theory to generate liquidity, in turn, creating IL through the arbitrage opportunities presented. AMMs, DEXS and Impermanent Loss As Decentralized Finance (De-Fi) has experienced a continued[Read more…]

Cryptonomics: Decentralized Exchanges Explained

Decentralized exchanges (DEX) leverage block-chain technology; instead of relying on a centralized entity, a network of computers is used to complete and verify transactions. ‍ Exchanges Exchanges have been utilized since the inception of cryptocurrencies to facilitate transactions. Exchanges play a role similar to modern-day brokers, matching buyers and sellers user order books. These are[Read more…]

Cryptonomics: Deflationary Tokens

There are two fundamental categories that token models can fit into, deflationary or inflationary tokens. On this latest series, Cryptonomics, GoonTrades will dive into the realm of deflationary tokens. Deflationary Token Models Crypto is transforming traditional finance as we know it; this is apparent with the rapid expansion of the De-Fi sector in the past[Read more…]