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UniLend allows one to go long or short on one’s favorite world cup team
12.12.2022
World Cup tokens by UniLend are aimed at boosting the adoption of DeFi, especially in the sense of lending and borrowing tokens within the community. Blockchain technology has been used in the world of FIFA. The FIFA World Cup fever has gripped everyone, with no sector remaining on the outside...
Oryen Network shows DeFi interest still alive after large volume of BUSD and USDC come in for presale tokens
11.12.2022
As the widespread adoption of cryptocurrency tokens soars, other strong contenders using different technologies are making their way into the crypto ring. One of the most notable crypto projects today is Oryen (ORY). Oryen’s presale success has shown that there is still lots of DeFi interest...
Nomad Bridge Prepares Relaunch Plan After $190 Million Exploit – Partial Refunds for Users?
9.12.2022
Cross-chain messaging protocol Nomad which was exploited for $190 million back in August is preparing to relaunch and provide partial refunds to affected users.
According to a December 7 blog post from the Nomad protocol team, the project has upgraded the Nomad protocol to fix the vulnerability...
GammaSwap officially launches on the Arbitrum Network
9.12.2022
GammaSwap recently released a tweet about officially launching on the Arbitrum network. The integration will help GammaSwap collaborate with Arbitrum to be a part of the upcoming DeFi innovation. The platform shared a string of tweets to inform users about the launch. According to GammaSwap...
Hop Protocol to soon debut on zkSync 2.0
8.12.2022
Matter Labs has published an official blog post to inform the community that the plan to bring Hop Protocol live on zkSync 2.0 is in the pipeline. A tentative timeline is awaited; however, the objective will be to strengthen further the dream of increasing personal freedom by making Ethereum...
DeFi, such as Oryen Network, Maker, and Convex Finance, allow you to stay in control of your assets
8.12.2022
Decentralization of finance is changing the world order by bringing financial matters into the hands of individuals. As a result, there has been a significant rise in DeFi protocols promoting this major devolution by encouraging the world to decentralize their finance. Centralization in crypto...
The best DeFi Yields: Oryen Network, Lido Staked ETH, and Apeswap
7.12.2022
Yield farming is a common practice in the DeFi sector that is used to maximize returns. It can be used to earn crypto. A yield farmer can use numerous tactics to maximize output. For instance, they can shift between coins and multiple platforms to maximize their gains. While there are numerous...
Developer of Popular MetaMask Wallet Reduces Customer Data Retention to 7 Days After Backlash From Community
7.12.2022
ConsenSys, the developer of the popular crypto wallet MetaMask, has reduced the retention of MetaMask user data to 7 days following massive community backlash.
In a November 6 blog post, the company announced its data retention update, reducing the amount of time it will keep user data such...
WigoSwap joins multiple Chainlink services & strengthens prediction mini-game
6.12.2022
WigoSwap, an integrated DeFi platform, has announced its integration with multiple Chainlink services to support the prediction mini-game. Chainlink Automation and Chainlink Price Feeds have been onboarded on WigoSwap’s Prediction mini-game on Fantom network WigoSwap. It is also planning to merge...
Orthogonal Trading fails to repay a loan amount of $10M to Mapple Finance
6.12.2022
With the FTX going into bankruptcy, the overall ripple effect is seemingly carrying on, leaving its ugly mark and negative impact on all who are connected. In the latest case scenario, it happens to be Orthogonal Trading that has come under its adverse influence. For the uninitiated, this entity...
The next wave of DeFi has arrived; Oryen Network beats CAKE And UNI price action!
3.12.2022
Since its inception, human society has continuously improved by creating new technologies and finding answers to the challenges that have afflicted it for so long. These technologies are widely used in a variety of fields, including the banking and money industry. Because of man’s need...
Ankr Protocol claims its platform has been exploited
2.12.2022
Due to the ultimate failure of the FTX crypto exchange, there seems to be even more mayhem and chaos being created all around. The FTX, which is now a state of complete bankruptcy, was itself responsible for its present state. However, as in most situations, anti-socials always look for soft...
DeFi Protocol Ankr Suffers Infinity Minting Exploit – Here’s What Happened
2.12.2022
Decentralized finance (DeFi) infrastructure provider Ankr has been exploited to the tune of over $5 million due to a bug that allowed for unlimited minting of its token.
In a tweet today, the team said that their aBNB token has been exploited. They also asked exchanges to halt trading and asked...
Aave DeFi Platform Freezes 17 Crypto Markets on Platform Due to Volatility Concerns – More Trouble on the Way?
29.11.2022
Major decentralized lending protocol Aave has "temporarily" frozen its lending services across 17 markets citing excess volatility that could pave the way for market manipulation attempts.
The DeFi protocol passed a governance vote on the matter yesterday, with almost all members casting their...
Japanese Regulator Suggests it May Be Preparing to Police DeFi
28.11.2022
The top Japanese financial regulator has given a hint that it may be preparing to attempt to police the decentralized finance (DeFi) sector.
The Financial Services Agency (FSA) issued a call for DeFi players to take part in a “fact-finding survey” on the sector.
The FSA wants to “research”...
SushiSwap and Uniswap devs sweating over next-gen staking platform Oryen Network after ICO sees 200% price surge
27.11.2022
Investors watch as the market delivers incredible entry points for hundreds of crypto projects. And Web3 shows its greatest strength in these times of economic adversity: the pace of development. New projects continue to address new verticals, and Oryen Network has delivered the next technological...
Proximity Labs declares a funding amount of $10 million
25.11.2022
Proximity Labs has taken the firm decision to make a formal declaration of a funding amount of $10 million. This is coupled with other investors in the fray, such as Orderly Network, Spin, and Tonic. Primarily, this will aid in the development of decentralized orderbook solutions at the NEAR...
Cosmos-based DeFi protocol Onomy gets $10M funding
25.11.2022
Onomy Protocol, a Cosmos-based DeFi protocol, has been able to successfully get a funding of $10 million for itself. For the uninitiated, the protocol is also a decentralized protocol for financial transactions. This enormous success was made possible by the participation of many investors who each...
Buenbit users access Everyday DeFi from the Rootstock-based RIF Suite
23.11.2022
IOV Labs and Buenbit have teamed up to provide its users access to the Rootstock as well as RIF ecosystem. Buenbit users would be able to access the services and goods from Everyday DeFi which are protected by the Bitcoin network. In many ways, both corporations see the association as a huge...
Uniswap Decentralized Exchange New Privacy Policy Says Platform Will Collect User Data – Here’s What’s Included
22.11.2022
Major decentralized exchange (DEX) Uniswap has upgraded its privacy policy and now collects certain on-chain and off-chain data from users, a move that has attracted the ire of some members of the crypto community.
Uniswap Labs, the development firm behind Uniswap, announced the news in...