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Fuse Gold collaborates with PoR & secures the minting function
30.12.2022
Fuse Gold, which happens to be a tokenized gold protocol supported by LBMA-approved gold, happens to be kept in vaults all over the United Kingdom. At present, it has decided to incorporate Chainlink Proof of Reserve (PoR) to secure the FUSEG minting function, which is duly carried out on the...
COTI updates its fee structure
30.12.2022
COTI’s economy became more dynamic after the team announced that it had decided to modify the fee structure based on the feedback given by its community. One factor that will remain constant is the streamlining of fees and their distribution as rewards. The new fees model lowers the deposit...
Gamma Strategies gets positioned live on Arbitrum
29.12.2022
Gamma Strategies has now been successfully positioned live on the Arbitrum. As an entity, Arbitrum has reached its pinnacles over some time and, as of date, happens to have become the fourth biggest in terms of the overall ecosystem. However, where the L2 ecosystem is concerned, it is now...
Blueberry collaborates with Chainlink Build Program to speed up automated LP3 adoption
28.12.2022
Blueberry is extremely pleased and takes a great amount of pleasure in making its announcement of joining hands with the Chainlink BUILD Program. This will provide them with unlimited access to all of Chainlink’s absolute top-of-the-line industry-oriented oracle services. There will also be...
Eisenberg, the Mango Market Exploiter, gets arrested in Puerto Rico
28.12.2022
In a bug development to the case of Mango Market exploitation, Avraham Eisenberg has been arrested by the Justice Department in Puerto Rico. Also known as the Mango Market Exploiter, Eisenberg is charged with committing fraud and manipulating the Mango Market by manually inflating the prices...
Oryen Network (ORY) presale challenges DeFi projects like Aave (AAVE) and Near Protocol (NEAR)
26.12.2022
Oryen Network (ORY), a multi-use cryptocurrency platform with features such as staking, trading, and assets management, has seen significant growth since the launch of its presale. Offering a fixed APY of 90%, 0.177% daily rewards paid out every 60 minutes, and an auto-staking feature enabled...
1inch Network: A major upgrade release by Fusion
26.12.2022
1inch Network has published an official blog post to share the details about its major upgrade, Fusion. The aim of releasing the upgrade is to ensure that users profit from the swaps with an additional layer of security. This automatically sets high standards in terms of user experience and cost...
New Report Shows DeFi Outperforming Traditional Finance in Market Conditions
22.12.2022
Decentralized finance (DeFi) still demonstrates greater potential than the traditional financial industry, despite recent setbacks, a new report has found.
The report, prepared by the crypto-focused investment firm Hashkey Capital, said the scalability of DeFi solutions already surpass that...
Stake your cake on PancakeSwap with the all-new Syrup pool on Aptos!
21.12.2022
PancakeSwap takes the opportunity of making its official announcement of successfully launching its Syrup Pools on Aptos. However, this has relevance with its constant endeavor to become the absolute top-of-the-line multichain decentralized exchange (DEX). Where they are concerned, stAPT Syrup Pool...
Pods proudly complete a $5.6 Million seed round
20.12.2022
Pods, the popular DeFi company, recently announced raising over 5.6 million dollars to develop structured crypto assets products. The round had names like Framework Ventures, IOSG, 4RC, Republic, etc., as investors. Rafaella Baraldo, CEO and Founder of Pods, talked about the development. Baraldo...
TEL staking goes live in the Telcoin App
20.12.2022
From here on, all of the Telcoin users will be in the position of staking the Telcoin (TEL) token. They will also have the opportunity to refer new users to connect with the app. In the bargain, they will receive up to 42% of the trading fees accrued by the referred user. However, this entire...
This Solana-Based Decentralized Exchange Was Just Exploited – Here’s What Happened
17.12.2022
Raydium, one of the largest decentralized exchanges (DEXes) on the Solana blockchain, has been exploited to the tune of over $2 million.
The protocol announced early Friday that an attacker had managed to overtake the organization’s “owner authority,” which offered them access to funds, and used...
Lodestar Finance loses $6.9 million to an attacker’s manipulation on GLPOrcale
13.12.2022
Lodestar Finance, one of the best Money Markets in the industry at the moment, has lost nearly $6.9 million funds to an oracle exploit. The hacker has drained all the deposits, forcing the platform to set its interest rate to zero. Negotiations are underway by the platform. Until then, the zero...
This DeFi Protocol Just Got Hacked for $6.9 Million – Here’s What Happened
12.12.2022
Lodestar Finance, a DeFi protocol built on Ethereum’s Arbitrum network, lost $6.9m in an exploit over the weekend where an attacker was able to manipulate a price oracle.
In a statement published on Sunday, the team behind Lodestar admitted that the hack has created “a bad situation” and that...
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...