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Nalezeno "DeFi News": 1220

Highlights of the Africa Money and DeFi Summit

26.10.2023
Africa Money and DeFi Summit is seeing the Hedera ecosystem lead the charge for banking the bankless. In fact, the topic was the focal point of the event for the majority of its duration. It was taken up by many experts in sessions and presentations. The event welcomed the participation of Pete...

Chainlink tweets about 3 pillars driving economic growth

25.10.2023
Chainlink recently released a tweet on its official X/Twitter account to talk about its economic growth. The renowned Oracle solution provider is experiencing rapid growth across its three pillars. These pillars are: Increased Monetization: Be it introducing new payment models or day-1 monetization...

Yield App onboards six fresh cryptocurrencies

23.10.2023
Yield App takes great pleasure in coming out with its declaration of having taken on six fresh cryptocurrencies. They are the Polygon Network (MATIC), as well as Solana (SOL), Polkadot (DOT), Atom (ATOM), Ripple (XRP), and Link (LINK). It will now be possible for users to earn 5% via the Yield...

Linea releases its new ERC20 token bridge for DeFi apps

23.10.2023
Linea has released its new ERC20 token bridge for DeFi applications. The announcement was made on the official X/Twitter account of Linea. According to the tweet, Linea has partnered with MetaMask, Circle, Transak, and Banxa for the bridge. Besides the bridge, the tweet also teased a limited-time...

Sui becomes the fastest-growing DeFi platform

20.10.2023
Sui has achieved significant numbers in just three months. These are in terms of total value locked (TVL) and volume. This has strengthened its growth as a DeFi platform. The TVL stands at 341% growth, while the volume has jumped by 229%. This has been termed a significant milestone for...

Ethereum investors choose LSDFI for enhanced yield opportunities

20.10.2023
The Ethereum LSDFi (Liquidity Staking Decentralized Finance) refers to the latest update in the Ethereum DeFi sector and has been growing by leaps and bounds in recent years. The lion’s share of this massive growth is attributed to the Ethereum Shapella upgrade.  It is worth noting that LSDFi...

$KNC goes live on Aave V3 Ethereum

19.10.2023
Kyber Network has announced that its native token, $KNC, is now live on Aave V3 Ethereum. However, the announcement is pretty young, and more details about the listing and responses from the community are awaited. Kyber Network has recommended traders do their own research before executing a trade...

Are DeFi prediction markets on the verge of a big breakthrough?

19.10.2023
DeFi refers to decentralized finance. In a macro sense, prediction markets bring out the meaning for users to guess the outcome no matter the segment. However, DeFi Prediction Markets, together, form a union for people to assume the outcome of the movement of a digital asset. The answer has to...

FlokiFi Locker upgrade goes live

18.10.2023
FlokiFi has announced launching the upgraded version of its locket on a total of 14 EVM-compatible blockchains. FlokiFi Locker was previously live on 12 blockchains, including, but not limited to, Polygon, Arbitrum, and KCC. Two newly added blockchains are Base and opBNB. The upgraded version...

Uniswap Labs to charge a 0.15% fee on select frontends and assets

17.10.2023
Uniswap Labs recently announced levying a 0.15% fee on a few frontends and assets. Traders using frontends by Uniswap on its DEX will be subject to the 0.15% fee. Hayden Adams, the founder of Uniswap, made the announcement on its official X/Twitter channel. The founder portrayed the fee as a way...

Vector Finance has integrated with LayerZero

17.10.2023
LayerZero Labs has announced its integration with Vector Finance. The objective of the partnership is to power cross-chain yield harvesting and distribution. Vector Finance will, overall, perform select functions, including, but not limited to, harvest on Arbitrum, swap for AVAX gas, harvest zJOE...

Stars Arena partially relaunches the app, pausing trade

16.10.2023
Stars Arena has announced that it has relaunched its application; however, all functions are live at the moment. Stars Arena has said that it has temporarily halted trading functionality on the platform. There will be a separate announcement when the service resumes. Partial reopening is effective...

Decentralized Crypto Exchange Uniswap Brings Mobile Wallet to Android Users

13.10.2023
Decentralized finance (DeFi) exchange Uniswap has launched a mobile wallet application for Android users on Thursday, after launching on iOS in April. Following the iOS launch, Uniswap saw an influx of downloads and became the top three wallet for new downloads, the exchange said in an official...

Stars Arena receives nearly 90% of the lost funds

12.10.2023
Stars Arena has posted an update, informing the community that the team has recovered approximately 90% of the funds that were lost previously. The development comes as Stars Arena reaches an agreement with the individual behind the drainage. They have been awarded 10% of the bounty along with...

Former OpenSea Executive Entangled in AnubisDAO Rug Pull Allegations

9.10.2023
Kevin Pawlak, the former head of ventures at NFT marketplace OpenSea, is facing accusations connected to the AnubisDAO rug pull incident that occurred in 2021. The allegations came to light in an October 6 X (formerly Twitter) thread posted by an anonymous account called NFT Ethics.  For its part...

Stars Arena patches a smart contract vulnerability

6.10.2023
Stars Arena faced an exploit worth $2,000. Now, reports are surfacing claiming that almost $1 million could be at risk. It was basically a smart contract vulnerability that enabled hackers to sell zero shares in return for AVAX. Meaning, they were draining funds from the network with...

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