38 / 55 Relevant items tagged with #DEFI

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Mantle Stakes $66M of Ether on Lido as Part of Treasury Management Strategy

[Aug 22, 2023 6:49 AM] Layer 2 network Mantle has staked 40,000 ether (ETH) on staking protocol Lido after it passed a governance vote on treasury management earlier this month.

Social Platform Friend.tech Gains 100K Users in Days Even in Depths of a Bear Market

[Aug 21, 2023 8:42 AM] The growth correlates with the more than $25 million in revenue generated by the platform since its Aug. 10 launch.

BNB Chain Exploiter Liquidated for $30M on Venus Protocol

[Aug 21, 2023 7:30 AM] This is the second major liquidation in under a week and potentially safeguards bnb prices from crashing suddenly.

Zetachain Raises $27 Million to Develop a ‘Chain to Manage Them All’

[Aug 19, 2023 4:30 AM] Zetachain, a project that seeks to build one chain to interoperate with all other blockchains, announced it raised $27 million in a Series A funding round. Blockchain.com, Human Capital, Vy Capital, Sky9 Capital, and Jane Street Capital, among…

Cypher Protocol reveals $600K of stolen funds is now frozen on CEXs

[Aug 17, 2023 11:10 PM] Solana-based Cypher Protocol has managed to stop around $600,000 of stolen funds from exiting various centralized exchanges.

Post-Hack Shenanigans: Curve (CRV) To Launch On TRON Following $2 Million Investment

[Aug 17, 2023 6:10 PM] Curve Finance, a decentralized liquidity pool for stableswap and stablecoin trading, has disclosed a strategic partnership that will see the decentralized exchange (DEX) launch on the TRON network.  Curve Set To Launch On Tron And BTTC Networks…

The Protocol: Blockchains Keep Launching, From Sei to Shibarium

[Aug 17, 2023 1:45 PM] In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The…

Fantom DEX SpiritSwap On The Verge Of Shutdown? Here’s What Has Changed

[Aug 17, 2023 3:10 AM] SpiritSwap, a decentralized exchange (DEX) on Fantom, will no longer be shutting down its operations in September after it received a takeover offer from Power, another Fantom-based DeFi protocol. The proposed shutdown was a result of cross-chain…

SHIB Plunges 9% on Apparent Shibarium Bridge Issues

[Aug 16, 2023 10:07 PM] An important tool for the layer 2 service went live on Wednesday to a turbulent start.

Shiba Inu’s Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth

[Aug 16, 2023 3:40 PM] The much-awaited Shibarium network saw over 21 million wallets created during its testnet phase and is expected to position Shiba Inu as a serious DeFi contender.

De.Fi's Antivirus Tool Releases on zkSync Era Mainnet

[Aug 15, 2023 7:00 AM] The antivirus tool protects users against common malicious crypto exploits, such as phishing, smart contract vulnerabilities, blind signing, and more.

BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up

[Aug 14, 2023 3:54 AM] The viral token reached an $80 million market capitalization earlier this month before falling 90% - and failing to grow since.

Defi Market Rebounds: Value Locked Rises to Nearly $42 Billion, Token Market Swells

[Aug 13, 2023 12:30 PM] On the verge of dipping below the $40 billion mark on August 2, the overall value locked in decentralized finance (defi) has made a comeback, rising to over $41 billion. Additionally, the defi crypto sector has swelled to $45.08 billion, reflecting…

GMX Drops 24% in 1 Month, Whales Rapidly Selling: What’s Going On?

[Aug 11, 2023 7:00 PM] GMX, the native token powering GMX, a decentralized perpetual exchange for trading complex crypto derivatives, is under intense selling pressure when writing on August 11. Trackers show that the governance token is down 7% on the last trading day…

Cardano Q2 Surge: Stablecoin Soars, TVL Skyrockets, And Dapp Transactions Hit Record Highs

[Aug 11, 2023 4:00 PM] Cardano (ADA), the blockchain platform renowned for its scalability and technological approach, has made significant strides in the crypto market, as highlighted by the recently released Messari report.  The report provides valuable insights into…

Base’s Rapid Ascent: 136,000 Daily Users and $175 Million TVL in Ethereum’s L2 Defi Space

[Aug 11, 2023 11:30 AM] Base, the Ethereum layer two (L2) scaling solution supported by Coinbase, has experienced over $175 million funneled into its decentralized finance (defi) protocol since its creation. The majority of value locked comprises 75,244 ether and nearly…

Curve DAO Scores $5 Million Boost From Binance, Eyes BNB Chain Expansion

[Aug 10, 2023 8:00 PM] In a strategic move to bolster the decentralized finance (DeFi) sector, Binance Labs, the venture capital and incubation arm of Binance, has committed a substantial $5 million investment in Curve DAO Token (CRV).  The Ethereum-based CRV token is…

Coinbase Ventures' Strategic Investment Sends Rocket Pool Token Surging

[Aug 10, 2023 12:09 PM] The investment branch announced today the purchase of an undisclosed amount of Rocket Pool’s native token RPL, which has jumped more than 9% in the past 24 hours.

Coinbase's Much-Hyped New Base Blockchain Draws Modest $10M of Inflows on Launch Day

[Aug 10, 2023 8:17 AM] However, nearly $166 million had already flowed to the blockchain ahead of the official launch.

Solana Beats Out Ethereum To Emerge As Best Performer In Terms Of TVL

[Aug 10, 2023 4:00 AM] Ethereum is currently dominating the DeFi and smart contract niches when it comes to the Total Value Locked (TVL). However, while Ethereum is still the king, other chains like Solana, Avalanche, and Polkadot compete to prove themselves worthy…

The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal's Stablecoin Software

[Aug 9, 2023 4:00 PM] In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The…

Cardano-Native MuesliSwap To Refund Users After “Slippage” Misunderstanding

[Aug 9, 2023 2:00 PM] MuesliSwap, a decentralized exchange (DEX) on the Cardano network, has announced its decision to reimburse its users that have been affected by high slippage over the past year. This is in response to the recent questions faced by the protocol on…

As Curve Averts DeFi Death Spiral, Fiasco Exposes Serious Risks

[Aug 9, 2023 10:27 AM] Curve, a leading decentralized exchange on Ethereum, was hacked for $70 million in July. Questions continue to linger around the platform's long-term viability and potential contagion risk.

Another Fantom project winds down citing Multichain exposure

[Aug 9, 2023 9:16 AM] Over $1.5 billion of users’ and enterprises’ assets were held on Multichain prior to the arrest of its CEO, Zhaojun He.

Web3 Security Startup Cube3.ai Emerges From Stealth With $8.2M Seed Funding

[Aug 9, 2023 7:00 AM] The fundraising was led by Blockchange Ventures, with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures.

Cardano DEX MuesliSwap to refund users after slippage confusion

[Aug 8, 2023 10:03 PM] The MuesliSwap team wants to refund users who have lost funds to high slippage due to the way the DEX’s matchmaker was set up.

Venture-Backed Saddle Finance Proposes Wind-Down, Dissolution

[Aug 8, 2023 2:39 PM] The Ethereum-based crypto trading protocol will shut down and distribute its treasury to investors.

Blockchain Security Firm Forta Upgrades Its Scam Detector to Battle Growing Crypto Fraud

[Aug 8, 2023 7:54 AM] Hundreds of millions of dollars have been lost to scams and exploits in July alone.

Decentralized Insurance Alternative Nexus Mutual Provides Cover to UK Shopkeepers

[Aug 8, 2023 7:00 AM] A partnership with InShare sees Nexus adding some of its $274 million on-chain capacity to the retail mutual insurer comprising over 5,000 shopkeepers and small retail businesses.

Crypto Exchange Mango’s Legal Bills Swell, a Year After Alleged $116M Heist

[Aug 7, 2023 2:33 PM] First the blockchain-based exchange was allegedly victimized by a market manipulator, and now it's having to spend big on lawyers to pursue suits and other remedies.