Hey, Geckos!

Did you know if you're Australians… you can and go pay for Bitcoin at your local post offices? Good on ya, mate! 😉

For today's news, we will be focusing on Balancer protocol governance token (BAL), Compound governance token (COMP) on Binance, and USD Coin (USDC) on Algorand Blockchain.

Scroll down to find out more!

24h Hot searches worldwide 👀

Ethereum (-1.6%)
Synthetix Network Token (+2.9%)
Reserve Rights Token (+13.0%)
Compound (-3.7%)
Relevant (+30.7%) 👀
DMM Governance Token (-0.2%)
Balancer (-13.3%)

Balancer Begins Distribution of BAL Tokens

Balancer protocol governance token, Balancer (BAL), is now listed on a cryptocurrency exchange, FTX, on its spot and futures trading platform.

FTX is seeing a growing interest and demand to trade BAL as DeFi is gaining popularity.

Notably, BAL's price initial price jumped from $7 to as high as $22 when its first launched on its own Balacer exchange. According to Coingecko, they are now trading at $17.83.

The Block

COMP Token Spikes 25% on Surprise Binance Listing

Binance did a surprise listing of Compound Governance Token (COMP) by announcing it an hour before the trading went live on its exchange.

Binance now supports pairing between COMP and Bitcoin (BTC), Tether (USDT), Binance Coin (BNB), and BinanceUSD (BUSD).

The surprise announcement by Binance had COMP to jumped approximately 25% from $210 to $260 within 5 minutes.

CoinTelegraph

Circle, Coinbase Bring USDC Stablecoin to Algorand's Blockchain

USD Coin (USDC) will be launching on the Algorand Blockchain as CENTRE and Algorand Foundation partner up.

Users will be able to transfer funds from their bank account or cards into USDC on the Algorand blockchain.

The collaboration provides the opportunity to develop a wider range of scalable, secure, and compliant financial applications.

CoinDesk

Cryptocurrency

A form of digital currency that utilizes cryptographic protocols to record ownership, prevent counterfeit (when ownership and transaction get logged onto the blockchain).

Bitcoin is one of the most successful examples which combines peer-to-peer networking, cryptography and incentivization by design to create a cryptocurrency.

Learn more terms with the CoinGecko Glossary

"I am but a simple yield farmer"

Over the last week, we bear witness to the unbelievable rise in the valuation of Compound Finance's governance token (COMP) as well as the explosion on activity, borrowing and lending rates on various DeFi Dapps.

The phenomenon got so prevalent that the term "yield farming" was even memed into existent to describe the process of repeatedly of collateralizing, borrowing, lending as much as possible to earn more COMP token in order to sell them on the open market.

On a scale of 1-10, how positive are you about COMP and the future of Compound Finance's Decentralized governance structure?