Category: DeFi

10
Jul
2024
Posted in DeFi

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…

10
Jul
2024
Posted in DeFi

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…

27
Jun
2024
Posted in DeFi Resources and Guides

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…

19
Jun
2024
Posted in DeFi

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…

19
Jun
2024
Posted in DeFi

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,…

14
Jun
2024
Posted in DeFi

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…

14
Jun
2024
Posted in DeFi

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…

13
Jun
2024
Posted in DeFi

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…

12
Jun
2024
Posted in DeFi

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…

10
Jun
2024
Posted in DeFi

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…

16
May
2024
Posted in DeFi

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….

14
May
2024
Posted in DeFi

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…

24
Apr
2024
Posted in DeFi

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…

23
Apr
2024
Posted in Altcoin DeFi

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…

23
Apr
2024
Posted in DeFi

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…

11
Apr
2024
Posted in Altcoin DeFi Ethereum

“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…

21
Mar
2024
Posted in Blockchain DeFi

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…

11
Mar
2024
Posted in Altcoin DeFi

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…

08
Mar
2024
Posted in DeFi Ethereum

Injective Launches inEVM Layer 2 Rollup

Injective announces launch of inEVM is live on mainnet. inEVM allows Ethereum developers to launch their apps on Injective without having to change the code. Injective Protocol’s successful launch of…

06
Mar
2024
Posted in Altcoin DeFi

Frax aims to take a reward snapshot  and opens bridge access to the Layer 2 network Fraxtal

The DeFi project Frax Finance made it easier for individual customers to transfer money by opening a bridge to Fraxtal, its new Ethereum Layer 2 network. The network’s first restricted…