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TRON DAO Ventures’ investment fuels Curve’s launch on networks
18.8.2023
TRON and Curve have bagged a crucial partnership in the DeFi sphere. There are basically two parts to this collaboration. The first part is where TRON DAO Ventures has invested $2 million in CRV by buying tokens of the same value. The second part is where Curve has agreed to launch on two networks...
Lynex’s DEX goes live on Linea Mainnet on August 16
16.8.2023
Lynex has announced that it will launch its DEX, which is a decentralized exchange platform, on Linea Mainnet. The launch will be conducted in a strategic partnership with Algebra and Gamma Strategies. Days to come are packed with promotional campaigns and the launch of its DEX. Participants...
tBTC joins forces with Solana for DeFi evolution!
16.8.2023
Today marks an incredible turning point in the world of decentralized finance DeFi as tBTC, a revolutionary tokenized interpretation of Bitcoin, takes its pioneering initial steps on Solana’s blockchain. This extraordinary event brings with it tBTC becoming the first permissionless...
DeFi Value Locked Reaches Nearly $42 Billion as Token Market Experiences Significant Growth – Here's the Latest
14.8.2023
The total value locked (TVL) across DeFi projects has experienced a resurgence after teetering below the $40 billion mark last week.
According to data from DeFi TVL aggregator DefiLlama, the DeFi market cap is currently valued at over $41 billion, with approximately $1.6 billion in trading volume...
DeFi Protocol Zunami Loses Over $2.1 Million in a Major Price Manipulation Attack
14.8.2023
Decentralized Finance (DeFi) platform Zunami Protocol has confirmed a price manipulation attack on its “zStables” stablecoin pools on Curve Finance, causing potential losses of over $2.1 million.
The attack is the latest among the list of protocols affected by the recent vulnerability in...
Zunami Protocol confirms losing $2.1m after price manipulation
14.8.2023
Zunami Protocol recently confirmed a price manipulation attack costing the platform over 2.1 million dollars. The DeFi protocol stated that its LP (liquidity pool) on Curve Finance was attacked this weekend. Ironblocks and PeckShield, two blockchain security firms, were the first to report...
Binance Labs Fuels Helio Protocol's Liquid Staking Pivot with $10M Investment in LSDfi Expansion
13.8.2023
Binance Labs, the venture arm of Binance, injected $10 million into Helio Protocol on August 11th. This investment supports Helio Protocol's ongoing shift towards becoming a liquid staking platform.
The substantial funding from Binance Labs highlights Helio Protocol's promising potential...
Lendvest joins hands with Chainlink CCIP
11.8.2023
Lendvest announces its integration with Chainlink CCIP intending to offer support to the cross-chain credit system. The integration grants Lendvest access to the arbitrary messaging functionality of CCIP, which will be leveraged to architect a cross-chain credit score system in the decentralized...
Binance Labs announces granting $10M to Helio Protocol
11.8.2023
Binance has announced that its investment arm, Binance Labs, is granting funds worth $10 million to Helio Protocol. The objective is to support the innovation in the direction of enhancing the DeFi experience. For Binance Labs, the investment reflects its dedication to supporting projects that...
Coinbase's Blockchain Gambit: A Solution to Six Consecutive Quarters of Losses?
10.8.2023
Coinbase is launching its Ethereum (ETH) layer-2 scaling solution Base, which could help reverse the company's streak of six consecutive quarters of losses.
The new platform aims to enable developers to build their own crypto applications, expanding Coinbase's revenue streams beyond its core...
Hundred Finance announces to shut down its lending operations
10.8.2023
Hundred Finance has announced that it is soon going to shut down its lending operations. This comes days after the DAO passed a proposal to sunset the lending services of Hundred Finance. The proposal was passed with a massive 98.54% strength in favor of the move. The remaining portion of...
TerraBlock announces integrating its tool with the Splinterlands game
9.8.2023
TerraBlock has announced that it has successfully integrated its core mechanism with Splinterlands Game. This pertains to 1-Click Cross-Chain Swap going live in the gaming ecosystem. The widget and the integration have been defined to be a game-changer by TerraBlock, adding that it will benefit...
Chainlink Price Feeds positioned live on Base
9.8.2023
Chainlink Price Feeds are currently positioned live on Base, which is an upgradable Layer 2 blockchain created by Coinbase and affixed by Ethereum. Through this incorporation, developers who are involved in creating on Base will have the opportunity of connecting with benchmark Chainlink data...
Ubik Capital announces a collaboration with Injective
8.8.2023
Ubik Capital has announced joining hands with Injective. The collaboration comes with the objective of revolutionizing the DeFi landscape, that is the landscape of decentralized finance. Both will now unlock the possibilities of decentralized trading by leveraging the potential of the fully...
Cronos Labs enters the Korean market
8.8.2023
Cronos Labs, known for its blockchain network, has announced that it is now targeting the market of Korea for its global expansion. The move became more evident when Cronos Labs marked its presence at the Seoul Web3 Festival to judge some of the upcoming dApps, short for decentralized applications....
zkLink & BNB chain join hands to shape the DeFi future
7.8.2023
zkLink has announced integration with BNB Chain, facilitating DeFi enthusiasts with a chance to deposit and withdraw their BEP-based assets on the network. BNB Chain going live on the alpha mainnet makes sure that users are able to retain custody of their deposits at all times. The integration...
Curve Finance rolls out a reward of $1.85 million to identify the attacker
7.8.2023
Curve Finance, along with other protocols, fell victim to a re-entrancy attack wherein they collectively lost more than $70 million worth of digital assets. The incident dates back to July 30, 2023, and the DeFi protocol has said that it was a software bug that was exploited by an attacker or there...
Hacker returns stolen funds after DeFi exploit, receives a bounty
7.8.2023
This week, an unexpected development regarding the hacker who seriously disrupted the DeFi system took place. They decided to return all of the money they had taken after being offered an incentive by the affected networks. This brings to an end a period that was very unsettling for those working...
Aura sheds light on its expansion to four networks
4.8.2023
Aura has talked about the way it got onboarded on four networks. These include Arbitrum, Ethereum, Polygon, and Optimism. Per the post, two mechanisms of Balancer are credited with the deployment on the said network. These are cross-chain boosts and OFTs, short for Omnichain Fungible Tokens. Both...
Abracadabra's Bold Move: 200% Interest Proposed on $18 Million Loan to Curve Founder Amidst Bad Debt Concerns
3.8.2023
Abracadabra Finance has put forth a proposal aimed to adjust interest rates to mitigate the risk of bad debt resulting from an $18 million loan to Curve Finance founder Michael Egarov.
The proposal suggests hiking interest rates on the loan to 200% on two specific pools known as "cauldrons,"...