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Injective incorporates Astar Network and Polkadot assets
1.5.2023
Injective has managed to successfully incorporate Astar Network, through which it will be made possible for the Injective ecosystem, as well as the Cosmos community, to get effectively connected with Astar’s assets. In this way, two of the biggest networks get incorporated inside of the Polkadot...
UK Considers Taxation Revisions for DeFi Lending and Staking Activities – Here's The Latest
28.4.2023
According to a consultation document, the UK government is seeking views on tax modification for decentralized finance (DeFi) lending and staking.
The government has initiated an open consultation to gather insights for drafting improved tax legislation on DeFi transactions.
The consultation...
Uniswap Labs delivers Permit2 and Universal Router
28.4.2023
Uniswap Labs has taken the opportunity to deliver two fresh smart contracts. One of them is Permit2, which allows token approvals to be split and controlled across various applications. This helps build a more effective, secure, and competitively priced UX. The other smart contract is the Universal...
Router Protocol integrates Circle’s CCTP under a partnership
27.4.2023
Router Protocol and Circle have entered into a partnership. The same has been announced by Router Protocol, informing the community that it has successfully integrated CCTP into its decentralized application, Voyager. The dApp hails as the flagship cross-chain solution in the ecosystem of Router...
Sushi Swap is all set to incorporate Findora on Sushi v3
27.4.2023
Sushi Swap is extremely pleased to come out with their declaration of being ready to incorporate Findora on Sushi v3. It will be positioned conventionally on their network. This will help push Findora within the DeFi arena and provide their dApps with connectivity to fresh and deep liquidity pools....
Swell-Seawolf Unleashed on Public Beta
26.4.2023
Seawolf, Swell’s very first version and voyage in the decentralized governance, has been released on mainnet. Stakers of different experience levels can now participate in Seawolf to boost yields through liquid staking with absolutely zero costs (for only a limited time). Swell has made liquid...
ApeSwap forms an exclusive partnership with Knoknok
25.4.2023
ApeSwap is quite delighted to have formed an exclusive alliance with Knoknok. This has occurred to carry out an exceptional launch strategy combining various new products, including Launch Bonds, Reserve Bonds, and V3 liquidity pools. It is backed by the tokenomics experts at 01X, and the plan...
How DeFi platforms leverage Blockchain technologies to achieve enhanced security & liquidity?
25.4.2023
The Blockchain industry boasts several niches where projects and businesses develop solutions for various use cases. One of these niches is decentralized finance (DeFi), which has emerged as an alternative to traditional financial services. What is Decentralized Finance (DeFi)? Decentralized...
GMX integrates Chainlink low-latency oracles with 96.28% votes
25.4.2023
GMX recently concluded its voting to integrate Chainlink’s low-latency oracles. The decentralized exchange conjured 96.8% approval to conduct the integration. The decision was undertaken after GMX’s successful governance proposal. The proposal aimed to offer real-time industry data across GMX...
THENA, Gamma Strategies, & Algebra’s creation FUSION boosts CL management
20.4.2023
The coming together of THENA, along with Gamma Strategies and Algebra, has brought about FUSION. This will help simplify Concentrated Liquidity (CL) and simultaneously work on capital effectiveness and overall user exposure. Where concentrated liquidity is concerned, it provides Liquidity Providers...
Hundred Finance loses $7m in an exploit on Optimism solution
17.4.2023
PeckShield recently reported that Hundred Finance lost over $7 million in an attack. The blockchain security firm announced that the attack took place on the L2 Optimisim scaling solution. The attacker used 200 WBTC to exploit the lending protocol on April 15. The attacker donated WBTC to boost...
Hundred Finance Suffers $7 Million Loss in Optimism Hack – Here's What Happened
17.4.2023
Multi-chain lending protocol Hundred Finance has fallen victim to a hacking attack which enabled the theft of about $7 million worth of crypto. The attacker accessed the funds via Optimism, an Ethereum layer-2 blockchain.
"Once again we hope the hacker will reach out back to us and we will...
Ondo Finance Introduces Yield-Generating Stablecoin Alternative for Institutions – How Does it Work?
14.4.2023
A new type of yield-generating stablecoin has been introduced by DeFi provider Ondo Finance, offering institutions a way to benefit from the return of US money market funds on-chain.
According to an update from Ondo Finance on Thursday, the new stablecoin, dubbed OMMF, will be a tokenized version...
Hatom Protocol launches liquid staking, $sEGLD unlocks DeFi opportunities
14.4.2023
Hatom Protocol, a non-custodial liquidity protocol on MultiversX, has published an official tweet announcing that the liquid staking functionality is now live. It can be accessed via Devnet, with the mainnet launch scheduled to happen in the future. Hatom Protocol has expressed confidence in...
Blockchain Security Firm PeckShield: DeFi Protocol Yearn Finance Suffers $11 Million Exploit – Here's What Happened
13.4.2023
Decentralized finance (DeFi) protocol Yearn Finance has fallen victim to an attack which occurred on Aave version 1, leading to the theft of about $11 million worth of Dai (DAI), Tether (USDT), USD Coin (USDC), Binance USD (BUSD) and Tru USD (TUSD) tokens, according to an investigation carried...
MagicGLP deploys on Avalanche Network to offer low fees on GMX
13.4.2023
It has only been a couple of months since MagicGLP launched on Arbitrum. The platform has established a massive presence in the market due to its low fees and auto-compounding features. MagicGLP currently boasts a total value locked (TVL) of 28 million dollars. In addition, the platform...
Tether Takes Action: Blacklists Validator Address Linked to $25 Million MEV Bot Drain – Here's What Happened
12.4.2023
Tether, the company behind the world's largest stablecoin, has blacklisted a validator address responsible for draining $25 million from Maximal Extractable Value (MEV) bots.
The validator exploited a bug in the MEV-boost relay to bypass MEV bots by attempting to execute a sandwich trade, which...
TokenPocket announces partnership with SFT Protocol
12.4.2023
TokenPocket has published an official blog post to share that it has partnered with the SFT Protocol. This has stirred a lot of excitement among the community, with the core teams being equally happy about the development. This is evident from the tweet in which TokenPocket referred to SFT Protocol...
Jared Grey confirms SushiSwap lost $3.3M in token allocation
10.4.2023
Jared Grey, the Head Chef of SushiSwap, recently confirmed that the platform was attacked. According to the latest tweets, the platform lost over $3.3 million. The breach occurred in RouterProcessor2 that led to sifuvision.eth losing 1800 ETH. SushiSwap has reported that one attacker has returned...
SushiSwap Exchange Suffers Major $3.3 Million Smart Contract Hack – Here's What Happened
10.4.2023
Popular decentralized exchange (DEX) platform SushiSwap has suffered more than $3.3 million in losses after a hacker exploited a bug in a smart contract.
More specifically, the DEX saw its RouteProcess02 contract, a smart contract that aggregates trade liquidity from multiple sources...