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Fantom Creator Warns of Potential Crypto Meltdown Due to Risky Incentives
3.4.2024
Fantom creator Andre Cronje recently expressed concerns about risk management practices within a specific DeFi project, indirectly referencing Ethena Labs' synthetic dollar, USDe.
The post Fantom Creator Warns of Potential Crypto Meltdown Due to Risky Incentives appeared first on Cryptonews
Babylon forms an exclusive association with the Lorenzo Protocol
3.4.2024
Babylon forges an exclusive association with Lorenzo Protocol for introducing a Bitcoin Liquid Restaking solution. Lorenzo Protocol will utilize the new-age technology of Babylon for releasing liquid restaking tokens (stBTC), speaking of a Bitcoin staked through Babylon’s staking protocol. This...
Boost your Arbitrum Orbit with Celestia’s Blobstream
3.4.2024
The Celestia team announced that Blobstream is the latest innovation undertaken for Arbitrum projects. This allows developers freedom of choice to set up their own blockchain networks and oracle chains and leverage Celestia into their architecture for the vital role of availability data. Orbit...
QuickSwap considers grant for BuildrMetrics to enhance CLP tools
3.4.2024
QuickSwap, a leading decentralized exchange (DEX) on the Polygon network, is debating whether to award a grant to BuildrMetrics to develop advanced Constant Product Market Maker (CLP) tools tailored for QuickSwap’s top three networks. The potential collaboration underscores QuickSwap’s...
Ethena’s ENA Token Soars 80% Since Launch, Now a Top 100 Crypto Asset Amid Defi Buzz
3.4.2024
Since its launch on April 2, the Ethena governance token ENA has experienced an 80% climb in value against the U.S. dollar, ascending from an all-time low of $0.532 per token. Currently, it ranks among the top 100 coins by market capitalization, boasting a total valuation of $1.36 billion at...
Ethereum Fees and Revenue Increase by 80% in Q1, Earnings Triple Quarter over Quarter
3.4.2024
The Ethereum network has experienced significant growth in the first quarter of 2024, with positive performance across various income statement metrics.
The post Ethereum Fees and Revenue Increase by 80% in Q1, Earnings Triple Quarter over Quarter appeared first on Cryptonews
X Layer joins hands with Swell Network
3.4.2024
X Layer has announced a partnership with Swell Network. While a lot of details are awaited, X Layer has made it public that they aim to unlock synergies and facilitate a seamless experience while staking on their network. Swell has confirmed the announcement by reposting it and sharing it with...
Polkadex to extend its Parachain Lease through a Slot Swap
3.4.2024
The agreement between Polkadex and the Polakdot parachain team aims to acquire the remaining parachain slot and perform a slot swap. Polakdex Parachain will run after its current April 10th lease expiration date when this agreement comes into effect. The slot swap is a boon to the Polkadex...
Clearpool to introduce Credit Vaults on Avalanche
3.4.2024
Clearpool will introduce Credit Vaults on Avalanche, which has been created to improve the lending process by using real world assets (RWAs). These include private credit and Credit defaults, which will provide the option of uncollateralized borrowing for the benefit of institutions. Added to that...
Octoblock building DeFi ecosystem similar to Ethereum and Solana
3.4.2024
Octoblock’s strategic initiatives and innovative features position it as a formidable player in the decentralized finance (DeFi) space, drawing parallels with established platforms like Ethereum (ETH) and Solana (SOL). Ethereum and Solana Ethereum is a blockchain platform renowned...
DeFi Exchange CrowdSwap Launches Decentralized Crypto ETF
3.4.2024
The Bull Run dETF comprise of 10 tokens including Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Chainlink (LINK), Polkadot (DOT), among others.
The post DeFi Exchange CrowdSwap Launches Decentralized Crypto ETF appeared first on Cryptonews
Origin Protocol’s OGN and OGV Tokens Will Be Merged to Improve Ethereum Liquid Staking
3.4.2024
Origin Protocol token holders have voted to merge the protocol’s lesser known token Origin DeFi Governance “OGV” with its native token OGN.
The post Origin Protocol’s OGN and OGV Tokens Will Be Merged to Improve Ethereum Liquid Staking appeared first on Cryptonews
Polygon CEO: L3s Might Represent a Threat to Ethereum’s Security
2.4.2024
Marc Boiron, CEO of Polygon, an Ethereum-compatible sidechain scaling solution, gave his take on the rise of Layer 3 (L3) scaling structures in the Ethereum ecosystem. According to Boiron, L3s only take value away from Ethereum’s chain and concentrate it in their corresponding base...
Crypto Venture Capital Fundraising Jumped Over 50% in March Amid Rally
2.4.2024
Most capital went into infrastructure and decentralized finance (DeFi) projects, data by RootData shows
Xave Finance DeFi: A Brand new feature in Stasis Wallet
2.4.2024
Stasis is totally committed to enhancing user experience in the rapidly evolving decentralized finance sector. Users can taste the success of the brand-new feature in the Stasis wallet through robust and user-friendly financial expertise in 2024. The versatile financial experience provided...
DOT moves to Cayman: A bold leap for Foundation Company!
2.4.2024
dYdX, a prominent player in the market, has now made history by its choice to shift its own company to a Foundation Company according to the regulations of the Cayman Islands. The decision was made after an extensive community majority voted to favor this shift. The tremendous community outreach...
Synthetix announces building on Sui
2.4.2024
Synthetix has announced the approval of STP-17 and STP-18, enabling it to take Synthetix Perps to Solana and Sui. STP-17 pertains to the SUI Perps Working Group, and STP-18 pertains to the Solana Perps Working Group. The working groups are reportedly in action already to launch Synthetix Perps...
PropyKeys integrates Chainlink Automation for efficient staking reward disbursement
2.4.2024
PropyKeys has incorporated Chainlink Automation to safely and effectively activate the disbursement of staking rewards on their platform. This will help enhance overall user exposure and simplify the process. Incidentally, PropyKeys is positioned live on the Base mainnet. By utilizing Chainlink...
ZachXBT Joins as Custodian for Multisig Wallet Holding Munchables’ Hacked Funds
2.4.2024
ZachXBT will serve as the fourth signer on the multisig wallet, alongside existing custodians Manifold Trading, Selini Capital, and Munchables themselves.
The post ZachXBT Joins as Custodian for Multisig Wallet Holding Munchables’ Hacked Funds appeared first on Cryptonews
In 22 Days, Liquid Staking Platforms Witness a 340,000 ETH Decline
2.4.2024
According to the most recent data, within the last 22 days, the volume of staked ether locked across various liquid staking derivative token platforms has seen a decline of 2.45%. This downward trend was observed across 27 unique platforms, culminating in a reduction of 340,000 ETH, valued...