Bitcoin DeFi
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The Protocol: Sweeping Uniswap Proposal ‘UNIfication’
Yahoo Finance· 2025-11-12 16:39
Group 1: Uniswap Governance Proposal - Uniswap Labs and Uniswap Foundation propose a governance overhaul called "UNIfication" to align incentives and position Uniswap as the default exchange for tokenized assets [1] - The proposal includes activating protocol fees, burning millions of UNI tokens, and consolidating key teams under a single growth strategy [1] - A portion of trading fees will be redirected to a UNI burn mechanism, with a retroactive burn of 100 million UNI from the treasury proposed [1] Group 2: Monad Tokenomics - Monad blockchain details the initial distribution of its native token, MON, ahead of the mainnet launch on Nov. 24 [2] - A public sale of 7.5% of the initial supply will start on Nov. 17 at a price of $0.025 per token, followed by a 3.3% airdrop [2] - The tokenomics structure allocates 38.5% for ecosystem development, 27% for the Monad team, and 19.7% for investors, with a focus on long-term participation [2]
Cardano Founder Says Bitcoin On ADA Could Trigger Open DeFi Floodgates For Billions
Yahoo Finance· 2025-10-01 18:31
Core Insights - Cardano is preparing to integrate Bitcoin functionality, which could attract billions in liquidity to its network [1][9] - A dedicated team is working on "Bitcoin DeFi," allowing users to transact, pay fees, and earn yield in Bitcoin using Cardano's infrastructure [2][9] - Cardano's extended UTXO framework positions it as a scalable alternative to Ethereum and Solana, potentially capturing part of the $4 trillion Bitcoin market [3][4] Market Position - The integration of Bitcoin into Cardano's ecosystem could unlock significant capital from the largely untapped Bitcoin market, enhancing its DeFi capabilities [8][9] - If successful, this initiative could shift the dynamics of DeFi, elevating its growth potential beyond that of Ethereum alone [9][10] Technical Analysis - Cardano's ADA token is currently trading around $0.79, with key support at $0.76 and resistance at $0.82 [1][6] - The token's price is consolidating after a drop from the $0.90 region, with potential breakout levels at $0.83, $0.86, and $0.93 [6][7] - The RSI near 46 indicates neutral momentum, suggesting a range-bound price action until a breakout occurs [7]