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DeFi Protocol Balancer Faces Another Security Breach After Being Exploited for $2M a Month Ago
20.9.2023
Balancer, the Ethereum-based decentralized finance (DeFi) protocol, is facing a security breach, marking the second such incident in less than a month.
The platform issued a warning to its users after detecting an attack on its frontend, urging them to refrain from interacting with the Balancer...
Optimism to allocate unclaimed funds from initial airdrop
18.9.2023
Optimism, an Ethereum layer 2 network, has announced plans to disburse the unused funds that were left over from its initial airdrop. The direct receivers will be to the identified addresses that were left out. The airdrop that began on the 1st of June,2022, was responsible for disbursing...
Loan backed by ZRX is closer to liquidation
15.9.2023
ZRX could drop sharply, and if that happens, then the governance token of the protocol is likely to result in bad debt. This comes to light as the lending market has been frozen since November 2022. Aave v2 reportedly hosts a wallet with $2.5 million in outstanding debt. This is against $8 million...
Solflare and DLN to improve MetaMask’s Solana experience
13.9.2023
Solflare, a leading wallet in Solana, has integrated the DLN infrastructure for high-level cross-chain trading into MetaMask. This was done to improve speed and conventional cross-chain shifting to or from Solana. Currently, MetaMask users can use Solana Snaps to control their Solana holdings...
Kepler Homes and Bakery Swap forge a partnership
11.9.2023
Kepler Homes has announced that it has partnered with Bakery Swap. Details of the association or partnership agreement are yet to be made public; however, one can assume that they will bring their favorable offerings to the table to serve the communities well. Kepler Homes is confident of achieving...
CFTC Targets DeFi Protocols Opyn, ZeroEx, and Deridex in Sweeping Crackdown
8.9.2023
The U.S. derivatives markets regulator Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) protocols, Opyn, Inc., ZeroEx (0x), Inc., and Deridex, Inc. with offering illegal derivatives trading.
According to an official statement released on Thursday, these...
CavalRe launches Multiswap on Avalanche
7.9.2023
Avalanche has announced that it is now hosting Multiswap by CavalRe. Multiswap is essentially a unified liquidity protocol that enables users to swap multiple tokens in a single transaction. It has performed miracles on the testnet by registering 340 token swaps in a single transaction....
Zoth teams up with Chainlink BUILD program
6.9.2023
Zoth will be teaming up with the Chainlink BUILD program for furthering the growth of the ecosystem and futuristic acceptance of the upcoming market real time world assets on-chain. This will be made possible by connecting with Chainlink’s benchmark oracle services and the technical backing. There...
DYDX Token Receives Full Community Support for dYdX Chain Integration
5.9.2023
Popular decentralized exchange dydx has received unanimous approval from its community to transition to version 4 and adopt the DYDX token as the Layer 1 token for its upcoming blockchain.
The vote, which took place on the Snapshot platform and concluded on September 4, garnered almost 100%...
CLS Global announces partnership with ApeSwap
5.9.2023
CLS Global has announced a partnership with ApeSwap, informing the community that the dynamic association between the two will open the door to a new experience for DeFi. ApeSwap has responded to this announcement by thanking them, further stating that they are looking forward to what comes next...
Meta Defender connects with Acala ecosystem
5.9.2023
Meta Defender, which is a multi-chain decentralized imitative marketplace that was created for Liquid Staking Tokens (LST), will be positioned on Acala. This will open the doors for the users of Polkadot to make use of trade DOT staking yields in general and particular within the ecosystem....
Creation of appchain with the codebase of Solana
4.9.2023
The CEO of MakerDAO, Rune Christensen, claims that it is possible for an upcoming appchain that is meant for the DeFi lending protocol to be created with the utilization of the codebase of Solana. This latest appchain is a segment of the supposed Endgame plan. The plan is aimed at enhancing...
Binance CEO CZ Predicts DeFi to Outshine CeFi in Upcoming Bull Run
4.9.2023
Binance CEO Changpeng Zhao believes decentralized finance (DeFi) can outshine centralized finance (CeFi) during the upcoming bull run.
On September 1, the crypto boss hosted a live X Spaces event, during which he expressed his belief that DeFi has the potential to surpass CeFi in terms of trading...
Public testnet of Arbitrum Stylus goes live
1.9.2023
Arbitrum Stylus is now live as a public testnet, opening the doors for developers and creators to get on board and give their best shots to the open-source SDK. Developers can leverage the facility of EVM and WASM, allowing them to craft a smart contract in any programming language they want....
sDAI Pool by Aave goes live after MakerDAO pulls yields downs
31.8.2023
Aave has announced launching the sDAI pool following a reduction in the DSR yields. DSR refers to the DAI Saving Rate. It was originally set to 3.3%, later pitched up at 8$, only to bring it down again. Rune Christensen, the Co-Founder of MakerDAO, has suggested further lowering the DSR yields...
StarkWare recovers blocked funds
31.8.2023
StarkWare, which is an Ethereum upgrading protocol, had funds to the tune of $550,000 blocked following an upgrade. This occurrence took place because a section of funds was siloed. However, as per reliable information released, the company has managed to successfully redeem the amount. During...
Uniswap Class Action Dismissed in Landmark Ruling for DeFi
30.8.2023
Legal proceedings against Uniswap, a leading decentralized exchange protocol, took a turn today when a class action lawsuit filed against it was dismissed.
Mike Wawszczak, a legal analyst, revealed that the judge presiding over the case — initially lodged by the US Securities and Exchange...
Velodrome to Introduce Aerodrome DEX on Coinbase's Base Network
29.8.2023
Decentralized finance (DeFi) protocol Velodrome has launched Aerodrome, a new decentralized exchange (DEX) built for Coinbase’s layer 2 blockchain Base.
The new DEX promises to allow traders to swap tokens with “minimal slippage” and low fees, while also rewarding users with governance tokens that...
Kana Labs gets membership in Japanese Crypto Asset Blockchain Association
29.8.2023
Kana Labs takes a great amount of pleasure in coming out with its official declaration that it has attained membership in the Japanese Crypto Asset Blockchain Association (JCBA). It is the 30th company to do so. In the case of JCBA, it is a coalition that consists of multiple business houses that...
Balancer briefs community about taking precautionary steps
28.8.2023
Balancer reported the vulnerability to the community on August 22, 2023. Every member has been on their toes since then. Reports claimed that the breach had affected 1.4% of the Total Value Locked. The portion was later revised to 0.89%, roughly translating to $5.6 million. This has been credited...