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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...
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...
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...
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...
MakerDAO Considers $600 Million DAI Allocation into USDe and sUSDe
2.4.2024
MakerDAO evaluates a proposal to allocate $600 million of its DAI stablecoin into Ethena Labs' USDe and staked counterpart sUSDe to enhance liquidity and financial resilience.
The post MakerDAO Considers $600 Million DAI Allocation into USDe and sUSDe appeared first on Cryptonews
$336.3 Million In Crypto Funds Stolen In Q1, $98.8 Million Recovered from March Hacks: PeckShield
1.4.2024
According to PeckShield's data, approximately $100 million in stolen digital assets from hacking incidents in March have been successfully recovered.
The post $336.3 Million In Crypto Funds Stolen In Q1, $98.8 Million Recovered from March Hacks: PeckShield appeared first on Cryptonews