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Folks Finance chooses Avalanche for its cross-chain lending app
17.4.2024
Folks Finance recently announced that they are choosing Avalanche for its cross-chain lending app. The DeFi hub offers leveraged trading, lending, liquid staking, on/off ramp, leverage liquid staking, and swaps. Given Folks’ well-rounded product suite, users find it robust and flexible...
Franklin Templeton unveils Runes as key to Bitcoin’s DeFi evolution
16.4.2024
Franklin Templeton, a renowned investment firm, has released a comprehensive analysis outlining how the integration of Runes could catalyze the growth of decentralized finance (DeFi) on the Bitcoin network. The analysis begins by examining the current state of decentralized finance on the Bitcoin...
Solana releases an update to finish with network saturation
16.4.2024
Solana has released an update for putting closure on network clogging due to spam bots and memecoin trading. The builders at Solana suggest that they incorporate a required network update to combat the clogging impacting the protocol. Mainnet Beta authenticators are being suggested to use...
Zilliqa shares current developments shaping its ecology
16.4.2024
The Zilliqa ecosystem experienced noteworthy advancements in March 2024, which served as evidence of the platform’s ongoing expansion and aptitude for novelty. This month-long summary of Zilliqa’s highlights and successes sheds light on the platform’s ecosystem and its impact...
EigenLayer introduces six new Actively Validated Services
12.4.2024
EigenLayer’s AVS mainnet launch marks a significant milestone in the development of Ethereum staking systems. Active validation services, or AVS, are critical for increasing the security and effectiveness of blockchain networks. EigenLayer restakers manage and secure these services, which...
Chainlink banks on cross-chain transfer and optimum pricing to drive adoption
12.4.2024
Chainlink has laid down ways in which it is aiming to boost CCIP adoption. One, the plan is to rely on cross-chain transfer, not solely though. Second, implement an optimized pricing method. While cross-chain transfer comes as a boon for ETH and other token transfers, optimized pricing is aimed...
Uniswap Labs and Across offer a standard for cross-chain intents
12.4.2024
Uniswap Labs, the team behind the world’s leading decentralized exchange (DEX), and Across, a blockchain interoperability protocol, have jointly proposed a groundbreaking initiative: establishing a standard for cross-chain intents. This collaborative effort aims to streamline and standardize...
Raindex unveils debut on Flare Network, empowering decentralized CEX-style trading
10.4.2024
Raindex, a pioneering decentralized exchange (DEX), has officially launched on the Flare Network, introducing a novel approach to decentralized trading that mirrors the user experience of centralized exchanges (CEX). This milestone represents a significant leap forward in the evolution...
Swell enhances transparency with Chainlink Proof of Reserve
10.4.2024
Swell incorporates Chainlink Proof of Reserve (PoR) on Ethereum to offer on-chain clarity revolving around the reserves related to rswETH, a liquid staking token. Additionally, Chainlink will support Swell L2, a forthcoming Layer 2 meant for restaking with Chainlink CCIP. These incorporations help...
FYEO conducts an audit on the 1INTRO Solana program
9.4.2024
In order to maximize the potential in matters related to its features and functions, 1INTRO gets an audit done pertaining to its 1INTRO Solana program by FYEO. 1INTRO, on the other hand, is an all-inclusive liquidity structure that offers Solana effectiveness, fairplay, and security via AI....
Suilend exits beta phase, achieving significant milestones in blockchain development
9.4.2024
Suilend, a cutting-edge blockchain project, has officially emerged from its beta phase, marking a significant milestone in its journey towards revolutionizing decentralized technology. The public can now access Suilend, the ground-breaking lending protocol created by the Solend team, as it...
dYdX Investigates Block Production Halt During Scheduled Upgrade
8.4.2024
dYdX has confirmed an outage on its mainnet, and ecosystem engineers are currently debugging the issue. The outage has been ongoing since 6:50 a.m. UTC, with no fix expected for several hours, according to an incident report.
The post dYdX Investigates Block Production Halt During Scheduled Upgrade...
Chainlink and Aave to continue collaborating for GHO
8.4.2024
Chainlink and Aave Labs have expressed their commitment to collaborate in the future to further GHO, a decentralized and overcollateralized stablecoin that is native to the Aave Protocol. The objective is to boost stablecoin and DeFi, making the system accessible and empowering users from regions...
LILLIUS integrates xAsset Bridge to transform cross-chain operations
8.4.2024
LILLIUS, a prominent decentralized finance (DeFi) platform, has announced a groundbreaking partnership with xAsset Bridge, facilitating seamless interoperability between the Cronos and Polygon networks. This strategic integration marks a significant milestone in the evolution of decentralized...
Recent Aave DAO move on MakerDAO fuels DeFi ‘walled gardens’ concerns
5.4.2024
In the recent wake of Web3 adoption, two competitors have found themselves in a squabble in the aftermath of Web3 adoption. Gauntlet, AAVE’s market risk manager, was also caught side-hustling with MakerDAO, AAVE’s direct competitor. Gauntlet’s exit from Aave caused further...
Razor Network now accessible on the Moonbeam Network
5.4.2024
The Razor network is now accessible on Moonbeam Network, a base for cross-chain-linked applications that combine assets and functions about multiple blockchains. It helps to improve the builder exposure by uniting total Etereum adaptability with the potential of Polkadot. This involves...
Prisma Finance Gains Strong Community Support for Protocol Restart with DAO Approval
5.4.2024
Prisma Finance has unveiled a strategy to cautiously restart operations following a hack that resulted in a loss of $11.6 million and prompted a temporary pause of the platform on March 28.
The post Prisma Finance Gains Strong Community Support for Protocol Restart with DAO Approval appeared first...
Magpie integrates zkSync to overcome DeFi hurdles and lower Ethereum fees
4.4.2024
zkSync addresses the hurdles that come with DeFi, such as upgrading Ethereum, along with its high fees for swaps and staking and unstaking. In the case of swaps, it is between $40 and $60, whereas for staking and unstaking, it reaches more than $200. For DeFi’s overall standing, these...
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...