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VC Roundup: ZK proofs, DeFi protocol and longevity DAO attract investment
7.2.2023
Venture capital deals slowed in the second half of 2022 amid the bear market. However, behind the scenes, blockchain startups continue to build
Hackers Stole $3.8 Billion From Crypto Firms in 2022, Says Chainalysis
4.2.2023
Blockchain analytics firm Chainalysis says 2022 was “the biggest year ever for crypto hacking,” with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi) protocol hacks accounted for 82.1% of all cryptocurrency stolen by hackers during...
Smart Contract Token Market Soars to $332 Billion; Defi Value Reaches High Not Seen Since FTX Collapse
2.2.2023
The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX. Smart Contract Economy and Defi TVL Bounces Back...
Solana DeFi protocol Everlend shuts down over liquidity issues
2.2.2023
With FTX's ripple effect on market liquidity, Everlend is closing its doors and urging clients to withdraw funds
DeFi Protocol Aave Clears Bad CRV Token Debt from Exploit Attempt
26.1.2023
The maneuver comes ahead of the activation of a major tech upgrade of the protocol called Aave v3
Lido Protocol Reveals Plans for Withdrawal Feature Ahead of Ethereum’s Shanghai Hard Fork
26.1.2023
While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido’s team is seeking community feedback on the proposal that would allow withdrawals after...
DeFi Protocol Sushi Passes Two Governance Votes to Strengthen Treasury
24.1.2023
The separate proposals passed in the past two days by Sushi community voters are part of a broader plan to ensure the project’s longevity
MakerDAO Approves Deployment of $100M USDC on DeFi Protocol Yearn Finance
23.1.2023
The decision opens the way for MakerDAO to earn an estimated 2% annual yield on USDC stablecoin deposits
Lido’s Total Value Locked Spiked 33% In Past Month, Becoming Largest DeFi Protocol by TVL, Says DeFiLlama
18.1.2023
Users have deposited $7.8 billion into Lido to reap rewards for the protocol’s community-led validator staking service, heating up the liquid staking derivatives space
DeFi Protocol Thena Sees Total Value Surge to $90M in a Week
18.1.2023
Thena, a liquidity layer and decentralized exchange (DEX) on the BNB chain, has experienced an uptick in total value locked (TVL) from $5 million to $90 million since its launch last week
DeFi Protocol Sushi Lays Out 2023 Plans With Focus on DEX and User Experience
16.1.2023
Expects to release its DEX aggregation router in the first quarter
DeFi Protocol Frontier Brings In-Browser Wallet Support for Aptos, Sui and 33 Additional Blockchains
16.1.2023
The feature allows users to stake tokens, transfer NFTs and conduct transactions with an in-browser wallet application
Cosmos-Based DeFi Protocol Quasar Raises $5.4M
11.1.2023
Venture capital firm Shima Capital led the round at a $70 million valuation
DeFi Protocol Ondo Finance Sets Up Tokenized Corporate Bonds With Over 8% Yield on Stablecoins
11.1.2023
The on-chain funds are directly invested in exchange-traded funds managed by BlackRock and PIMCO
DeFi Protocol Yearn Finance Will Let Anyone Create Curve Reward Farms
10.1.2023
Yearn was among the first yield aggregators in the now-mature decentralized finance ecosystem
Smart Contract Platform Tokens See Double-Digit Gains, Boosting Defi TVL Above $40 Billion
9.1.2023
Decentralized finance (defi) and smart contract platform tokens rallied on Monday morning (ET) and the total value locked in defi jumped above the $40 billion zone for the first time since mid-December 2022. The top smart contract platform coins by market capitalization increased 7.1% on January...
DeFi Protocol Sushi to Shutter Lending Product to Focus on DEX
3.1.2023
The decentralized exchange holds over $390 million in locked tokens as of Tuesday
DeFi Protocol Ankr Says Ex-Employee Caused $5M Exploit
21.12.2022
A former employee of DeFi protocol Ankr maliciously caused a $5 million exploit earlier this month, according to a blog post published on Ankr's website
Protocol Developer Archblock Aims to Bring US Community Banks to DeFi Through Partnership
15.12.2022
Archblock’s and Adapt3r’s joint effort focuses on onboarding U.S.-regulated financial institutions and low-risk investments to decentralized finance protocols after a series of loan defaults
This DeFi Protocol Just Got Hacked for $6.9 Million – Here’s What Happened
12.12.2022
Lodestar Finance, a DeFi protocol built on Ethereum’s Arbitrum network, lost $6.9m in an exploit over the weekend where an attacker was able to manipulate a price oracle.
In a statement published on Sunday, the team behind Lodestar admitted that the hack has created “a bad situation” and that...