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First Mover: How a DeFi Trader Made an 89% Profit in Minutes Slinging Stablecoins

August 12, 2020ByadminInBitcoin News

In digital-asset markets, stablecoins like tether and USDC are supposed to represent $1 of value. But their prices often fluctuate on the pubescent trading platforms of decentralized finance, or DeFi. So cryptocurrency traders are now apparently devising strategies to profit from slinging stablecoins in these fast-growing but often janky and thinly traded markets. You’re reading First...

Bitcoin (BTC) 106,108,357.02 2.80%

Ethereum (ETH) 6,845,908.70 3.85%

Tether (USDT) 3,801.58 0.50%

BNB (BNB) 1,247,387.60 1.98%

USD Coin (USDC) 3,790.26 0.18%

XRP (XRP) 1,684.89 5.15%

Cardano (ADA) 1,411.05 3.81%

Dogecoin (DOGE) 291.83 5.27%

Lido Staked Ether (STETH) 6,842,624.31 3.04%

Polygon (MATIC) 4,228.18 0.67%

Solana (SOL) 82,940.21 1.59%

Binance USD (BUSD) 3,797.81 0.14%

Polkadot (DOT) 23,821.24 3.56%

Litecoin (LTC) 353,958.78 13.94%

Shiba Inu (SHIB) 0.04096 2.77%

TRON (TRX) 245.78 5.87%

Avalanche (AVAX) 66,065.26 4.11%

Dai (DAI) 3,782.71 0.09%

Uniswap (UNI) 23,670.24 3.16%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) 106,176,309.86 2.18%

Chainlink (LINK) 28,200.43 3.16%

Cosmos Hub (ATOM) 44,169.34 4.24%

LEO Token (LEO) 12,722.28 0.52%

the-open-network

Toncoin (TON) 8,078.84 10.51%

Ethereum Classic (ETC) 77,692.75 2.88%

Monero (XMR) 588,622.59 3.50%

OKB (OKB) 169,202.57 0.17%

Stellar (XLM) 349.71 3.16%

Bitcoin Cash (BCH) 480,313.31 0.08%

Filecoin (FIL) 22,122.42 4.92%

Aptos (APT) 49,416.81 6.52%

TrueUSD (TUSD) 3,790.26 0.11%

Lido DAO (LDO) 8,796.12 1.39%

hedera-hashgraph

Hedera (HBAR) 235.17 1.45%

Quant (QNT) 478,954.26 2.16%

Arbitrum (ARB) 5,285.22 72.30%

crypto-com-chain

Cronos (CRO) 264.29 2.00%

NEAR Protocol (NEAR) 7,663.57 4.04%

VeChain (VET) 88.70 4.22%

Stacks (STX) 4,379.18 1.07%

Algorand (ALGO) 823.25 1.01%

internet-computer

Internet Computer (ICP) 19,555.32 3.11%

ApeCoin (APE) 15,553.65 4.36%

Fantom (FTM) 1,851.28 3.72%

The Graph (GRT) 574.85 5.91%

EOS (EOS) 4,341.43 4.28%

The Sandbox (SAND) 2,490.60 1.61%

Decentraland (MANA) 2,300.21 3.60%

Aave (AAVE) 288,799.56 2.26%

MultiversX (EGLD) 163,351.07 3.56%

Tezos (XTZ) 4,416.93 4.58%

Flow (FLOW) 3,828.01 2.61%

Frax (FRAX) 3,778.93 0.19%

Theta Network (THETA) 3,929.94 3.76%

ImmutableX (IMX) 4,530.19 5.89%

Axie Infinity (AXS) 32,541.86 3.00%

KuCoin (KCS) 34,127.43 0.58%

NEO (NEO) 46,283.43 4.96%

Synthetix Network (SNX) 10,079.67 1.34%

Conflux (CFX) 1,413.29 4.62%

Rocket Pool (RPL) 151,912.35 3.81%

Optimism (OP) 9,286.89 2.46%

BitDAO (BIT) 2,021.11 2.30%

Pax Dollar (USDP) 3,790.26 0.88%

gatechain-token

Gate (GT) 20,272.60 3.02%

Terra Luna Classic (LUNC) 0.476953 1.06%

curve-dao-token

Curve DAO (CRV) 3,644.67 1.72%

Mina Protocol (MINA) 3,183.80 3.87%

WhiteBIT Token (WBT) 18,951.29 1.96%

USDD (USDD) 3,757.09 0.14%

Bitcoin SV (BSV) 141,002.14 3.09%

Klaytn (KLAY) 872.06 2.88%

Dash (DASH) 236,891.14 12.07%

pancakeswap-token

PancakeSwap (CAKE) 14,232.34 1.01%

Chiliz (CHZ) 464.85 2.95%

GMX (GMX) 288,044.53 1.97%

eCash (XEC) 0.120918 4.26%

Maker (MKR) 2,551,817.84 1.89%

IOTA (MIOTA) 819.61 4.53%

Frax Share (FXS) 30,578.78 3.20%

Huobi (HT) 13,854.83 5.30%

BitTorrent (BTT) 0.002349 0.65%

SingularityNET (AGIX) 1,845.86 0.80%

Bitget Token (BGB) 1,503.41 1.38%

cETH (CETH) 137,566.75 3.03%

XDC Network (XDC) 146.60 1.51%

Edgecoin (EDGT) 3,797.81 0.07%

tokenize-xchange

Tokenize Xchange (TKX) 24,538.52 3.34%

PAX Gold (PAXG) 7,550,881.64 2.12%

trust-wallet-token

Trust Wallet (TWT) 4,530.19 2.29%

Tether Gold (XAUT) 7,557,261.66 1.47%

Render (RNDR) 5,058.71 3.39%

Zilliqa (ZIL) 107.39 4.59%

Mask Network (MASK) 22,462.19 14.38%

compound-usd-coin

cUSDC (CUSDC) 86.39 0.69%

Osmosis (OSMO) 3,066.52 1.47%

Loopring (LRC) 1,356.15 7.62%

1inch (1INCH) 1,951.41 1.77%

Radix (XRD) 160.53 5.05%

THORChain (RUNE) 5,398.48 3.79%