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DeFi Protocol Balancer Experiences Budget Cuts, Headcount Slashes Ahead of Strategy Pivot
14.4.2023
The protocol’s service providers have let go of two front-end engineers as they focus on overhauling the platform’s brand
Ondo Finance Plans Yield-Generating Stablecoin Alternative For Institutional Investors
13.4.2023
The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield
DeFi Exchange Uniswap Launches Uniswap Mobile Wallet
13.4.2023
The mobile wallet will allow users to buy crypto at a 2.55% fee and swap funds between various DeFi platforms
Web3 economy to gain more traction in Africa through DeFi-based financial inclusion
13.4.2023
DeFi-based financial inclusion serves to increase liquidity and earning opportunities for African micro-entrepreneurs through Fonbnk’s partnership with Tanda
Blockchain Security Firm PeckShield: DeFi Protocol Yearn Finance Suffers $11 Million Exploit – Here's What Happened
13.4.2023
Decentralized finance (DeFi) protocol Yearn Finance has fallen victim to an attack which occurred on Aave version 1, leading to the theft of about $11 million worth of Dai (DAI), Tether (USDT), USD Coin (USDC), Binance USD (BUSD) and Tru USD (TUSD) tokens, according to an investigation carried...
Solana Dog Token Darling Bonk Inu Releases BonkSwap DEX
13.4.2023
Bonk Inu was one of the hottest Solana tokens earlier this year, leading a frenzied market at the time
MagicGLP deploys on Avalanche Network to offer low fees on GMX
13.4.2023
It has only been a couple of months since MagicGLP launched on Arbitrum. The platform has established a massive presence in the market due to its low fees and auto-compounding features. MagicGLP currently boasts a total value locked (TVL) of 28 million dollars. In addition, the platform...
DeFi Protocols Aave, Yearn Finance Likely Impacted in Exploit: PeckShield
13.4.2023
Losses may total over $11 million, data suggests
Top DeFi Insurer Paid Millions to Euler Hack Victims. Now, Nexus Mutual Wants Its Money Back
12.4.2023
Nexus Mutual is one of the biggest insurance platforms for DeFi deposits. Some crypto holders who lost money to Euler filed claims, only to get their money back. Now, Nexus wants its share back, too
SushiSwap to Launch Claims Website for Vested SUSHI Tokens
12.4.2023
Customers can claim their SUSHI until April 23
Tether Takes Action: Blacklists Validator Address Linked to $25 Million MEV Bot Drain – Here's What Happened
12.4.2023
Tether, the company behind the world's largest stablecoin, has blacklisted a validator address responsible for draining $25 million from Maximal Extractable Value (MEV) bots.
The validator exploited a bug in the MEV-boost relay to bypass MEV bots by attempting to execute a sandwich trade, which...
Euler Finance Lets Users Redeem Recovered Funds Following $200M Theft
12.4.2023
Less than a month later after the decentralized crypto lending platform was exploited for roughly $200 million, Euler Finance has for the first time since the exploit allowed users to claim their capital
TokenPocket announces partnership with SFT Protocol
12.4.2023
TokenPocket has published an official blog post to share that it has partnered with the SFT Protocol. This has stirred a lot of excitement among the community, with the core teams being equally happy about the development. This is evident from the tweet in which TokenPocket referred to SFT Protocol...
Hong Kong Regulator Says DeFi Projects Could Face Regulatory Requirements
12.4.2023
If DeFi activity falls within the scope of the Securities and Futures Ordinance, it will be subject to the same regulatory requirements as traditional financial activity, says SFC official
World Regulators Are Looking at DeFi
12.4.2023
Decentralized finance (DeFi) is entering regulators’ crosshairs, but they don’t seem to be intent on taking it out – yet anyway. Instead a pair of reports from U.S. and French authorities seem more focused on understanding what sort of risks DeFi might pose to both users and the broader financial...
French central bank looks at certification, incorporation as part of DeFi regulation
11.4.2023
The Banque de France presented a well-written consideration of issues related to DeFi and forthcoming MiCA regulation, with suggestions
Lending Platform Maple Prepares New U.S. Treasury Pool; MPL Token Rises 23%
11.4.2023
Maple’s new pool will allow accredited investors, corporate treasuries based outside of the U.S. to invest in U.S. treasury bonds on-chain, CEO Sid Powell said in a community call
we2net Gains Strong Traction in Korea with 200+ LP Holders and $760k Initial Liquidity
11.4.2023
PRESS RELEASE. we2net, a new DeFi platform that aims to bridge the gap between centralized and decentralized finance, has gained strong traction in Korea with over 230+ LP holders and nearly $760k in initial liquidity within just three weeks of launching its offline development efforts. According...
DeFi tool to notify users about suspicious on-chain activity
11.4.2023
In determining the success of Web3, security measures like PureFi’s SafeTransact, in addition to Web3 security companies, are an approach to secure transactions from cybercriminals
DeFi Could Be Forced to Incorporate and Certify, French Central Bank Says
11.4.2023
Regulators are seeking to extend EU laws to cover more diffuse and decentralized structures