Ethereum

Rocket Pool is a decentralized application (dApp) in the Decentralized Finance (DeFi) space that increases access to staking opportunities on the beacon chain.

Wrapped Ethereum (WETH) is an ERC-20 version of Ethet, and it is used to facilitate the integration of ETH into the DeFi ecosystem.

The beacon chain is the first phase in the proposed ETH 2.0 roadmap designed to develop the Ethereum network.

A bridge between social networks, cryptocurrencies, communities, and web 3.0

A set of standard rules for creating ethereum tokens

Layer 2 is a protocol built on top of an existing blockchain (layer 1) for increased performance and output. This is achieved without compromising the security of the blockchain. With the rise in the number of users and transactions on layer 1 blockchains like Bitcoin and Ethereum, there is a need for increased throughput without compromising security and decentralization.

A change in one of the top cryptocurrencies that might impact the whole ecosystem

Separate blockchains that help scalability

DeFi 2.0 refers to the DeFi innovation phase, a subset of decentralized protocols built on breakthroughs like yield farming, lending, and other innovations.

Connection and asset transfer between blockchains

ERC-20 has emerged as the technical standard used for all smart contracts on the Ethereum Network.

Use MetaMask to interact with Ethereum or other blockchains directly from your browser.

Lido is a protocol that provides staking services and allows users to stake cryptocurrencies to get rewards without a minimum threshold and lockups.

Yearn.finance is a decentralized smart financial product built on Ethereum. It implements algorithms to shift assets between different smart contracts to attain the highest yields. Yearn.finance launched the YFI token in July 2020. Its price soared from $3 to $30,000 within one month, which rapidly attracted a large number of investors. Its founder, Andre Cronje, is a South African fintech developer. He created Yearn.finance when he realized that different DeFi applications offer different yields. Users flocked to Yearn.finance soon after it was launched. Its market cap reached $1.5 billion by September 2020. Data shows that its total value locked in the network exceeded $6 billion at its peak in November 2021. How did the craze sweep the whole crypto space? How does it work? Let’s explore.

DApp is the abbreviation for Decentralized Application. DApps are the actual providers of various services (such as Defi, NFT, and so on) in the crypto world. The blockchain ecosystem is diverse and complex, with many DApps, public chains, and other projects.