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Lido Proposes to Staking the Lido Protocol Token to Boost Utility and Sustainability
22.5.2023
The Ethereum staking provider Lido has proposed a staking mechanism for its native LDO token in an effort to boost the utility and financial sustainability of the token.
According to the proposal, posted on Lido’s governance forum on May 17, the staking program will enable token holders to stake...
New Scam Siphoning Off $6 Million From Crypto-Raptors
22.5.2023
A scam-as-a-service company has siphoned off approximately $6 million worth of crypto assets from unsuspecting users.
According to a report from Web3 scam-detecting firm Scam Sniffer, a scam vendor dubbed "Inferno Drainer" has stolen $5.9 million in assets from 4,888 victims across 689 phishing...
MetaMask ‘Does Not Collect Taxes On Crypto Transactions' Says ConsenSys in Push Back
22.5.2023
ConsenSys, the company behind the popular self-custodial crypto wallet MetaMask, has denied allegations that it collects taxes from users.
In a Saturday tweet, the company clarified that the rumors were based on ”inaccurate information” drawn from a misreading of MetaMask’s terms...
OpenOcean integrates with Ontology’s EVM Chain & boosts interoperability
22.5.2023
OpenOcean has announced its successful integration with the EVM Chain of Ontology. The objective is to enhance interoperability and compatibility for the community of developers. Ontology has also partnered with iZUMi Finance liquidity to make sure that the Web3 experience for cross-chain...
Mantle: BitDAO token will be Mantle after BIP-21 Vote
20.5.2023
BitDAO's native token BIT is set to rebrand to Mantle after the community voted in favor of a proposal seeking to optimize the token ahead of the launch of a new layer-2 mainnet.
The measure was approved by a majority vote as part of the BIP-21 proposal, which sought to unify the BitDAO ecosystem...
US CFTC Chair Rostin Behnam Says DeFi Crypto Exchanges Can Be Regulated – Here's the Latest
19.5.2023
Decentralized exchanges (DEXs) and other aspects of the decentralized finance (DeFi) world can be regulated in the US, even though it is “just code,” according to Commodity Futures Trading Commission (CFTC) chair Rostin Behnam....
Read More: US CFTC Chair Rostin Behnam Says DeFi Crypto Exchanges...
DeFi Needs to Be Simpler for Wider Adoption, Uniswap Survey Suggests
18.5.2023
Decentralized finance (DeFi) protocols should be simplified for users if adoption is to grow, a survey from the team behind the Uniswap decentralized exchange (DEX) has suggested.
In a report that summarized the survey results, Uniswap called DeFi an “objectively simpler, more accessible tech...
Uniswap labs to help users shift from CeFi to DeFi
18.5.2023
Uniswap has undertaken an enormous exercise in conducting a detailed survey regarding users opting for DeFi more than CeFi. As per their findings, a lot of interlinked matters have come to the forefront. They have understood that an enormous number of CeFi users are inclined towards DeFi but...
Swell incorporates Chainlink Proof of Reserve
17.5.2023
Swell with immense pleasure in officially announcing having incorporated Chainlink Proof of Reserve (PoR) on Ethereum. This is to be able to ascertain the fact that the swETH tokens are supported by staked ETH on a 1:1 ratio. In the recent past, the entity had similarly declared the incorporation...
Lido V2 positioned live on the Ethereum mainnet
16.5.2023
At the present moment in time, Lido V2 is positioned live on the Ethereum mainnet. In the scenario of a significant upscaling of the Lido protocol, Lido V2 is able to help in the overall enhancement of the Ethereum staking exposure and simultaneously thrust the Lido protocol in the direction...
Navi collaborates with Cetus & provides versatile gameplay
16.5.2023
Navi protocol takes extreme pleasure in calling out its official declaration regarding its forging an absolutely tactical collaboration with Cetus. Through this very coming together, both of the entities will be actively engaged in providing the opportunity for DeFi users to gain further options...
0x Project integrates Liquidity Book
15.5.2023
Liquidity Book has been integrated into 0x Project swap API Per a recent announcement. The integration comes with another partner, Matcha XYZ aggregator, to serve a whole new set of benefits. This includes offering swaps at a lower cost and with zero slippage dedicatedly to traders. However,...
OKX Ventures opt for investing in Rage Trade
12.5.2023
OKX Ventures, which is the investment wing of the absolute top-of-the-line crypto exchange and Web3 technology organization OKX, has gone into carrying out investment in Rage Trade. This is a double-legged trading protocol that exists on the Ethereum, as well as Arbitrum mainnet. The entity...
Qoda is presently positioned live on Moonbeam
11.5.2023
Qoda is presently positioned live on Moonbeam, which is a smart contract to create cross-chain-linked applications that can connect with users as well as assets and services on every chain. The Qoda protocol, on the other hand, is a decentralized loan exchange that has been duly created on...
deBridge delivers DLN API & boosts cross-chain performance in dApps
10.5.2023
deBrige, which is basically a framework for superior functioning cross-chain interoperability, has gone ahead and successfully delivered the DLN API. This will provide the opportunity for decentralized applications to be able to make it possible to carry out quick and deep liquid cross-chain...
Tsunami.Finance private mainnet goes live
9.5.2023
At the present moment in time, Tsunami.Finance Private mainnet has gone live. Through this, users will find themselves in the position of being able to carry out swaps, as well as trade margin spots. All of this will be done without there being any price effect whatsoever. They will also be able...
Crosswire.Finance announces $sCRSS presale details
8.5.2023
Crosswire.Finance has announced details for the presale of $sCRSS, informing the community that the event will first happen at a third-party platform, PinkSale, followed by their own platform hosting the resale event. Defined as a stakeholder token, $sCRSS is tentatively expected to go live...
Fireblocks now supports Avalanche Spruce subnet
4.5.2023
Fireblocks has announced support for Avalanche subnet, Spruce. The development is specifically aimed at assisting financial institutions that are exploring ways to experiment with blockchain infrastructure without putting their capital at risk. The environment will carry a lower risk for...
PLEXUS joins Chainlink BUILD to boost cross-chain adoption
3.5.2023
PLEXUS is ecstatic to announce that it has decided to integrate successfully with the Chainlink Build program. Through this, they intend to accelerate the process of the ecosystem’s overall development as well as the future acceptance of their cross-chain DEX aggregator. This will...
Thala Labs onboarding RWAs to Aptos with TProtocol
2.5.2023
Thala, which is a DeFi protocol with Move language support, is in the process of onboarding RWAs to Aptos through TProtocol. These assets are entirely uncorrelated to each other, as well as immensely liquid and yield-producing. This is in terms of Thala’s primary objective for $MOD collateral. ...