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Binance Labs Fuels Helio Protocol's Liquid Staking Pivot with $10M Investment in LSDfi Expansion
13.8.2023
Binance Labs, the venture arm of Binance, injected $10 million into Helio Protocol on August 11th. This investment supports Helio Protocol's ongoing shift towards becoming a liquid staking platform.
The substantial funding from Binance Labs highlights Helio Protocol's promising potential...
Lendvest joins hands with Chainlink CCIP
11.8.2023
Lendvest announces its integration with Chainlink CCIP intending to offer support to the cross-chain credit system. The integration grants Lendvest access to the arbitrary messaging functionality of CCIP, which will be leveraged to architect a cross-chain credit score system in the decentralized...
Binance Labs announces granting $10M to Helio Protocol
11.8.2023
Binance has announced that its investment arm, Binance Labs, is granting funds worth $10 million to Helio Protocol. The objective is to support the innovation in the direction of enhancing the DeFi experience. For Binance Labs, the investment reflects its dedication to supporting projects that...
Coinbase's Blockchain Gambit: A Solution to Six Consecutive Quarters of Losses?
10.8.2023
Coinbase is launching its Ethereum (ETH) layer-2 scaling solution Base, which could help reverse the company's streak of six consecutive quarters of losses.
The new platform aims to enable developers to build their own crypto applications, expanding Coinbase's revenue streams beyond its core...
Hundred Finance announces to shut down its lending operations
10.8.2023
Hundred Finance has announced that it is soon going to shut down its lending operations. This comes days after the DAO passed a proposal to sunset the lending services of Hundred Finance. The proposal was passed with a massive 98.54% strength in favor of the move. The remaining portion of...
TerraBlock announces integrating its tool with the Splinterlands game
9.8.2023
TerraBlock has announced that it has successfully integrated its core mechanism with Splinterlands Game. This pertains to 1-Click Cross-Chain Swap going live in the gaming ecosystem. The widget and the integration have been defined to be a game-changer by TerraBlock, adding that it will benefit...
Chainlink Price Feeds positioned live on Base
9.8.2023
Chainlink Price Feeds are currently positioned live on Base, which is an upgradable Layer 2 blockchain created by Coinbase and affixed by Ethereum. Through this incorporation, developers who are involved in creating on Base will have the opportunity of connecting with benchmark Chainlink data...
Ubik Capital announces a collaboration with Injective
8.8.2023
Ubik Capital has announced joining hands with Injective. The collaboration comes with the objective of revolutionizing the DeFi landscape, that is the landscape of decentralized finance. Both will now unlock the possibilities of decentralized trading by leveraging the potential of the fully...
Cronos Labs enters the Korean market
8.8.2023
Cronos Labs, known for its blockchain network, has announced that it is now targeting the market of Korea for its global expansion. The move became more evident when Cronos Labs marked its presence at the Seoul Web3 Festival to judge some of the upcoming dApps, short for decentralized applications....
zkLink & BNB chain join hands to shape the DeFi future
7.8.2023
zkLink has announced integration with BNB Chain, facilitating DeFi enthusiasts with a chance to deposit and withdraw their BEP-based assets on the network. BNB Chain going live on the alpha mainnet makes sure that users are able to retain custody of their deposits at all times. The integration...
Curve Finance rolls out a reward of $1.85 million to identify the attacker
7.8.2023
Curve Finance, along with other protocols, fell victim to a re-entrancy attack wherein they collectively lost more than $70 million worth of digital assets. The incident dates back to July 30, 2023, and the DeFi protocol has said that it was a software bug that was exploited by an attacker or there...
Hacker returns stolen funds after DeFi exploit, receives a bounty
7.8.2023
This week, an unexpected development regarding the hacker who seriously disrupted the DeFi system took place. They decided to return all of the money they had taken after being offered an incentive by the affected networks. This brings to an end a period that was very unsettling for those working...
Aura sheds light on its expansion to four networks
4.8.2023
Aura has talked about the way it got onboarded on four networks. These include Arbitrum, Ethereum, Polygon, and Optimism. Per the post, two mechanisms of Balancer are credited with the deployment on the said network. These are cross-chain boosts and OFTs, short for Omnichain Fungible Tokens. Both...
Abracadabra's Bold Move: 200% Interest Proposed on $18 Million Loan to Curve Founder Amidst Bad Debt Concerns
3.8.2023
Abracadabra Finance has put forth a proposal aimed to adjust interest rates to mitigate the risk of bad debt resulting from an $18 million loan to Curve Finance founder Michael Egarov.
The proposal suggests hiking interest rates on the loan to 200% on two specific pools known as "cauldrons,"...
Crypto Billionaire Arthur Hayes' Vision: AI DAOs to Become Invincible, Driving DeFi's Supremacy over TradFi
1.8.2023
BitMex co-founder and former CEO, Arthur Hayes, has set his sights on a futuristic concept that could revolutionize the decentralized finance (DeFi) industry: self-sovereign AI DAOs (Decentralized Autonomous Organizations). ...
Read More: Crypto Billionaire Arthur Hayes' Vision: AI DAOs to Become...
Gravita Protocol announces integration with LayerZero Labs
1.8.2023
Gravita Protocol has announced that it has integrated with LayerZero Labs. The purpose of the integration, as stated by Gravita Protocol in the announcement, is to launch the token, $GRAI. It will be launched as an OFT, which stands for omnichannel NFT – non-fungible token. With...
Clearpool spreads out to Polygon zkEVM
1.8.2023
Clearpool, which is a decentralized lending marketplace, has spread out to Polygon zkEVM. This occurrence has taken place to provide users the opportunity of carrying out swift transactions, as well as heighten funding diversity and better capital effectiveness. Incidentally, Polygon zkEVM is...
Curve Finance Vulnerability Exposes $100M+ Worth of Crypto; CRV Token Plummets
31.7.2023
A vulnerability in the popular decentralized finance (DeFi) protocol Curve Finance has caused funds to be drained from a number of the protocol’s liquidity pools, while roughly $100 million remains at risk.
In a tweet from Sunday, the Curve team said that “a number” of its pools that uses version...
Alchemix releases an update on Curve Finance pool exploitation
31.7.2023
Alchemix has provided an official update on the Curve Finance situation. The platform recently witnessed a 47 million-dollar exploit. According to reports, the exploit emerged because of a reentrancy vulnerability. It is believed that Vyper 0.2.15, 0.2.16, and 0.3.0 versions are prone...
Owlto announces official support for the Base mainnet on Twitter
31.7.2023
Owlto recently announced official support for the Base mainnet. The announcement was made on Owlto Finance’s Twitter account. The tweet said that Owlto is delighted to be integrating with Base. Coinbase has designed the Ethereum L2 solution to provide an efficient and seamless experience...