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Nalezeno "DeFi News": 1221

Kado launches Archway Ecosystem fiat on-ramp

16.1.2024
As the leading Web3 payment provider, Kado facilitates the connection between developers and the Archway Ecosystem, granting its consumers the ability to convert fiat to Arch. One needs to acquire ARCH to pay transaction fees to interact with the Archway ecosystem. The onboarding process was long...

Circle publishes a report for the USDC State of Economy

16.1.2024
Circle has published a report titled State of the USDC Economy. The goal is to talk about how far stablecoin has come since its inception in 2018. A few months of the previous year, that is, 2023, were pretty hard on its market cap, especially with a drop of ~60% that brought the value down …

Polygon Labs announces the launch of zkEVM launchpad

12.1.2024
Polygon Labs has announced the launch of the Polygon zkEVM Launchpad. While the offering has been rolled out, it is only in Stage 3 that the community will experience the full-fledged functionality of zkEVM. That said, there are 3 stages in which Polygon Labs is rolling out the Polygon zkEVM...

Nitrogen, a public Arbitrum Orbit testnet using Celestia is Live

11.1.2024
Nitrogen, a public Arbitrum testnet using Celestia as a modular DA, recently went live. The public testnet is the fruition of the collaboration between Celestia, AltLayer, and Arbitrum. In a recent tweet, AltLayer announced the release of the testnet. The tweet read that Nitrogen is employing...

Chainlink expects expansion in 2024

10.1.2024
The optimism that the Chainlink team has for the year 2024 does not precisely reflect the sentiments of its native token and community. While the token has been slipping for some time now, the community has sought answers to questions about how much CCIP is really earning from its services. What...

CFTC Committee Recommends Enhanced Understanding and Regulation of DeFi

9.1.2024
CFTC building. Source: Adobe / JHVEPhoto The Technology Advisory Committee of the US Commodity Futures Trading Commission (CFTC) has taken a significant step in addressing the challenges posed by decentralized finance (DeFi) by voting to submit a report urging the government and industry...

Bella Protocol integrates LP Farm with Manta Network

4.1.2024
Bella Protocol has announced that LP Farm has integrated the Manta Network. The move has been taken to enhance liquidity provision on multiple chains as a part of its commitment to do the same. LP Farm is a flagship DeFi product of Bella Protocol and is now live on zkSync and Mantle Network on...

Klaytn Foundation onboards $GPC (Gold Pegged Coin)

3.1.2024
Klaytn Foundation has adopted $GPC (Gold Pegged Coin), along with providing its complete backing of the DeFi platform, Goldstation, on its blockchain. For the uninitiated, the Klaytn Foundation is the setup responsible for the public blockchain, Klayton, in South Korea. Klaytn is a blockchain...

Crypto Scammers Swipe $123K in stETH from Nest Wallet Founder in Fake Airdrop

2.1.2024
The Nest Wallet founder has lost his life savings in an elaborate fake crypto airdrop scam. Image by Kerem Goktug Kaya, DALL-E 3. In a sobering reminder of the prevalence of cryptocurrency scams, Nest Wallet co-founder Bill Lou revealed on Tuesday he fell victim to an elaborate fake airdrop scheme...

Solend launches Margin for leveraged trading via Jupiter Exchange

2.1.2024
Solend has announced the launch of Margin. The objective is to help users trade with leverage through Jupiter Exchange. Margin minimizes the efforts that users otherwise have to spend on borrowing and leveraging, long or short. It will now make it more convenient for tokens that the Solana-based...

Dechat and HorizonDEX unite for a Web3 revolution

29.12.2023
Dechat, a well-known firm in the field of secure, decentralized financial (DeFi) apps, recently announced an intriguing collaboration with Horizon DEX. This collaboration has brought together Dechat’s well-known safe messaging system and Horizon DEX’s advanced liquidity trading...

QuickSwap ties up with Manta Network’s New Paradigm campaign

28.12.2023
QuickSwap becomes an ecosystem associate of Manta Network’s New Paradigm scheme. This is active on the Manta Pacific chain in the form of a live Ethereum L2 with a conventional yield for ETH and stablecoins.  For a limited time, users can earn penta yield and a future MANTA airdrop with their...

Yeti Finance will be winding down after TVL and revenue decline

28.12.2023
Yeti Finance recently announced that it will be shutting down operations. The official announcement came on Yeti Finance’s X/Twitter channel. The primary reason behind the decision is a severe drop in TVL and revenue. In addition, Yeti Finance stated that the crypto circle had been shaky for...

Thunder Terminal Hacked, Loses 86.5 ETH!

27.12.2023
The on-chain trading platform Thunder Terminal was hacked today, resulting in an unauthorized transfer of 86.5 ETH worth around $192k to Railgun. ZachXBT exposed this cyberattack on his Telegram channel, which monitors activities on blockchain networks. Thunder Terminal issued a brief statement...

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