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SNX Rises as Synthetix Sees Surge in Trading Volume
21.6.2022
The decentralized finance (DeFi) protocol Synthetix (SNX) has seen a massive surge in trading volume on its platform in June, leading its native token SNX to rise in the market....
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Leonicorn Swap Launches DEX Aggregators on Kucoin Community Chain
21.6.2022
Leonicorn Swap recently announced joining the Kucoin Community Chain. The partnership will see Leonicorn Swap releasing its multi-chain decentralized exchange aggregators on the platform. In addition, it will enable Kucoin users to access its next-gen dividend system. With the LEOS token, users...
Bancor Pauses Protection Mechanism Due to ‘Hostile Market Conditions’
20.6.2022
The decentralized finance (DeFi) protocol Bancor (BNT) said it has paused its impermanent loss (IL) protection mechanism due to what it calls “hostile market conditions.”
In an announcement published on Monday, the team behind Bancor said that impermanent loss protection has been “temporarily...
Solana-Based 'DeFi' Lender Solend Goes for Whale Hunting and Backpedals Instantly
20.6.2022
A new proposal put forward by Solana (SOL)-based borrowing and lending service Solend to disapprove the takeover of the protocol's largest account following huge backlash from the community has passed with an overwhelming majority of votes.
The new proposal, dubbed SLND2, asked to invalidate...
Pendulum & Amplitude Team Up With Acala to Integrate aUSD
17.6.2022
Acala published a blog post to announce that it has integrated aUSD into the Pendulum and Amplitude parachains with Amber set to integrate the native token after its launch on Polkadot parachain. Pendulum seeks to leverage the token to facilitate the exchange services of fiat currency...
Swapped Finance, the Next-Gen AMM, Launches on Shardeum Network
16.6.2022
Swapped Finance recently announced its launch on the Shardeum blockchain. The platform will introduce a DEX (decentralized exchange), Staking, Yield Farming, and an AMM (automated market maker) to Shardeum. Built on Shardeum, Swapped Finance is being introduced as the simplest way to trade...
Wall Street Meets Las Vegas: How DeFi Revolutionizes the Betting Industry
15.6.2022
It’s no secret that the gambling industry is riddled with problematic behaviors, especially with online casinos, with gambling-related fraud skyrocketing in the past couple of years. Because of this, many bettors find themselves unsure of whether or not they can trust their casino. Transparency...
Gorilix (SILVA) Up 15% as Binance Coin (BNB) & Ripple (XRP) Suffer Losses
15.6.2022
The extensive price drops of major cryptocurrencies such as Binance Coin (BNB) and Ripple (XRP) are ongoing. The markets have tended to favor stable coins and some smaller altcoins, which generally do not follow the same fluctuations as some of the more popular tokens, making them highly sought...
Astar, Arbitrium, and Boba are Added to Crypto.com Wallet
14.6.2022
It has been announced that the Crypto.com wallet will now support three new blockchains: Arbitrum, Astar, and Boba. Now, storing and earning from the tokens from these networks have become seamless and secure. And what’s more, the integration also brings several other benefits and features...
dForce to Deploy New Set of Protocols on KAVA
13.6.2022
The press release from dForce on June 11 announced an all-new partnership with the layer-1 blockchain network KAVA. The partnership will allow dForce to deploy services like dForce lending, dForce bridge, and USX stablecoin to those from the KAVA community. This step will be significant...
Chainlink Keepers and VRF are Live on the Avalanche Network
10.6.2022
Avalanche announced that its primary network had taken Chainlink Keepers and Chainlink VRF live through integration. It is expected to benefit Avalanche developers and users alike through the security and functionality of applications. The integration allows the community to leverage the automation...
Kava Introduces Simplified DeFi Strategies Through Kava Earn
9.6.2022
Trading does not have to be complex with charts, dates, and many numbers in this digital age. Keeping this idea in mind, Kava Network launched its Kava Earn, a simplified DeFi strategies platform. The platform will initially support Binance USD (BUSD) with risk-free high yield strategies. Kava...
Osmosis DEX Hacked for USD 5M, Team Denies Liquidity Pools Being 'Completely Drained'
8.6.2022
Osmosis, a proof-of-stake (PoS) blockchain with a decentralized exchange (DEX) application within the Cosmos (ATOM) ecosystem, has been exploited to the tune of some USD 5m.
The project's official Twitter account confirmed the hack but denied allegations that liquidity pools were completely...
Origin Dollar Upgrades With a Non-Rebasing Feature
7.6.2022
Origin Protocol has introduced wrapped OUSD to further improve the composability of OUSD and expand the addressable market. Wrapped OUSD, also called wOUSD, provides the same compounding yield by abstracting away the rebasing nature of OUSD. wOUSD differs from OUSD because the price for wOUSD...
IOVLabs Launches Its “Everyday DeFi” Initiative on Rootstock to Onboard the First Billion Users
6.6.2022
IOVLabs wants to make decentralized finance more accessible and usable for everyday users. That goal will be achieved through its “Everyday DeFi” initiative, to be unveiled during the Consensus 2022 conference in Austin, Texas. The new initiative will ultimately bring the first billion...
Stader Brings A Staking Solution To BNB Chain
3.6.2022
Stader has introduced a new liquid solution to take on the issue of evaluating 21 validators on the BNB Chain. The solution takes the BNB Chain ecosystem to the next level. The functioning of Stader is simple. Users stake the token – BNB – with Stader to receive BNBx. BNBx is...
MixBytes Launches Lido Pool on Curve for DOT Staking
3.6.2022
MixBytes integrated with Curve Finance for launching new Lido pools on Moonbeam. The stablecoin pool will support stDOT+xcDOT staking. The Lido pool users stand a chance to earn LDO tokens thanks to a proposal by the Lido DAO reWARDS committee for 100,000 LDO. Staking is one of the methods used...
Friendly Market to Receive Price Feeds From DotOracle
31.5.2022
DotOracle became the first cross-chain bridge on Casper Network thanks to the partnership signed with Friendly Market on May 30. The Oracle solution will help bring secure price feeds and liquidity bridges to the network. It is also believed that the Dot support would be integral for the growth...
Antmons MOBA Enters a Partnership With AFKDAO
30.5.2022
The MOBA adventure gaming metaverse Antmons is partnering with AFKDAO to enhance its Play-to-Earn environment. It will also act as a gateway for investors to reach the Antmons metaverse in the future. And what is more, the DAO will allow community members to vote on portfolio games, strategies,...
FNDZ to Bring Accurate Price Feeds From ChainLink Oracle
27.5.2022
The ChainLink oracle had signed an integration deal with the copy trading firm FNDZ. The oracle network will be integrated with the FNDZ trading platform built on the BNB Chain mainnet for accurate price feeds. In addition to this, ChainLink provides a robust data infrastructure free of tampering...