Category: DeFi
The EigenLayer exodus is the reason for a further decline in the restaking sector
EigenLayer saw the most net withdrawals in a single day in its history on July 11. At that time, the net outflows were over $135 million, or over 43,550 ETH….
With its $2.75 million seed round, Liquidium hopes to provide Bitcoin an Aave-like experience
The lending platform Liquidium has become a prominent DeFi hub in the Bitcoin ecosystem by raising $2.75 million in a seed round. Among the investors in the round are Wise…
Coins.ph introduces PHPC Stablecoin on the Ronin Blockchain
The Philippine-based cryptocurrency exchange Coins.ph has launched PHPC, a stablecoin worth Philippine Pesos (PHP), on the well-liked gaming blockchain Ronin, which has a sizable daily active user base. This endeavor…
To upgrade Ethereum Layer-2 with Solana capabilities, Rome Protocol raises $9 million
In order to include modular services from the Solana network into Ethereum’s ecosystem, Rome Protocol has raised $9 million in a financing round. According to the protocol, a number of…
Decentralized Autonomous Organizations (DAOs): What are they? Beginner guide for Noobs.
As of May 2024, there are projected to be 15,000 DAOs in operation. These entities are important players in the decentralized market. As a result, the article you are currently…
Base Network Outpaces Binance Chain Among DEX Users Who Are Active
Base, the Layer 2 network that Coinbase supports, is seeing a sharp increase in trading activity, making it the second-most active network in terms of DEX users this month. Dune…
Morpho, the DeFi protocol, is the first L2 to deploy on Base
Although Morpho was first introduced on the Ethereum network, it is now active on Base in order to leverage the expanding DeFi ecosystem. With the help of the Morpho protocol,…
ZapperFi will offer a Road to Onchain Literacy through the usage of the Zapper Protocol
In an effort to make onchain data more comprehensible, Zapper Finance, a decentralized finance (DeFi) portfolio dashboard, has introduced Zapper Protocol. The Zapper Protocol introduces indexing templates: Event Interpreters, which…
Curve Finance’s founder is liquidated as the price of the CRV token drops precipitously
Curve Finance founder Michael Egorov had his investments in on-chain loans canceled earlier on Thursday. The price of Curve DAO, the token associated with the decentralized exchange, has dropped by…
Circle will let Solana developers to use Gas Station to settle customer gas bills
Circle has formalized the integration of Gas Station and Programmable Wallets, expanding its Web3 Services to include the Solana blockchain. Both solutions seek to enhance the developer experience by streamlining…
Community ZkSync responds to the disastrous airdrop
Zero-knowledge (ZK) layer-2 network zkSync verified an airdrop for active on-chain participants one year after users initially dreamed of a governance token. More than 695,000 individuals will acquire 17.5% of…
DappRadar: DeFi Total Value Locked Soars to $192,000,000, Marking Best Performance in 15 Months
TVL, which stands for the total amount of money placed inside a protocol’s smart contracts, is frequently used to assess how well a cryptocurrency ecosystem is doing. The majority of…
Bridge for the L2 protocol of Bitcoin Alex loses $4.3 million due to dubious renovations
A study published on May 14 by blockchain security platform CertiK states that after a sudden contract upgrade, the BNB network’s Alex protocol bridge saw $4.3 million in fraudulent withdrawals….
This month, BlockFi will close its website; users can still access their money through Coinbase
Centralized lender BlockFi declared that following the closure of its web platform, qualified BlockFi clients will have access to cryptocurrency withdrawals through Coinbase. This agreement with Coinbase guarantees that holders…
Velvet Capital, a DeFi protocol supported by Binance, experiences a front-end attack
Hackers may have attacked Velvet Capital, a decentralized finance (defi) protocol that functions as an asset management dashboard, by taking advantage of front-end website weaknesses. The team noted in an…
Base develops an altcoin-specific DeFi lending market powered by Seamless Protocol
On Base, a Layer 2 created by the cryptocurrency exchange Coinbase, the DeFi lending protocol Seamless has opened up a loan market for cryptocurrencies. The first two tokens to enter…
Hedgey Protocol Faces $44.7M Loss in Dual Cyber Attacks
Hedgey Protocol, a decentralized finance (DeFi) platform, has encountered a severe setback as it grapples with the aftermath of dual cyber attacks that have resulted in a substantial loss of…
“The war on DeFi has begun,” says the cryptocurrency sector in response to the SEC serving Uniswap with a Wells Notice
The U.S. Securities and Exchange Commission served Uniswap UNI -17.095% Labs with a Wells Notice, signaling an impending litigation, as disclosed today. It should come as no surprise that the…
Meld Expands Offerings: Tokenized RWAs for Retail Investors
Crypto-friendly bank Meld is gearing up to introduce a novel opportunity for retail investors: lending and borrowing against tokenized real-world assets (RWAs). In collaboration with the layer-1 blockchain of the…
MakerDAO Adopts Temporary Fee Adjustments to Safeguard Dai Stability Amid Market Volatility
MakerDAO has swiftly implemented temporary fee modifications in response to a recent period of heightened market volatility and bullish sentiment, causing a notable decrease in the reserves of its dollar-pegged…