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Centralization Caused Most Decentralized Finance Hacks in 2021
12.1.2022
Centralization issues have emerged as the main attack vector in decentralized finance (DeFi), facilitating the largest share of the hacks -- with USD 1.3bn worth of user funds stolen in 44 DeFi attacks last year, according to a recent report by security-focused ranking platform CertiK.
CertiK’s...
Seamlessly Bridge To Fantom With FundMovr!
7.1.2022
With the burst of a large number of blockchain technologies, there is no doubt that the future will hail the one that offers cross-chain interaction to its users. Interoperability will be vital to growing in the market. FundMovr, a metabridge, has taken the lead in this case. It now supports...
ClaimSwap Achieve a Growth of 150% in Active Wallet Users
6.1.2022
A little over two weeks into its launch, ClaimSwap has received an impressive boost in terms of acquiring new users and investors on its platform. According to the latest statistics, the growth registered by the swopping platform is around 150% when compared to the previous week. This exponential...
Aave's Permissioned DeFi Arc, Polymarket Stays, P2E Drones in Metaverse + More News
5.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Aave's Permissioned DeFi Arc, Polymarket Stays, P2E Drones in Metaverse + More News
WazirX is conducting a grand EZ giveaway worth $47,510!
5.1.2022
Overview of the EZ project EasyFi (EZ) is a DeFi or Decentralized Finance lending protocol, enabling collateralized lending by using Plasma to enhance user experience. The Ethereum-based EZ network is Blockchain agnostic and allows cross-chain settlements of assets. This Ethereum-compatible network...
Tempus Finance Has Has Partnered with Rari Capital
4.1.2022
Tempus Finance and Rari Capital have partnered for the benefit of the users. Their partnership will be effective from January 17, 2022. The update was announced by Tempus Finance. After the implementation, users will have two options to earn yield through the partnership. More details have been...
ETH White Paper Made the Right DeFi Prediction but Missed NFTs
3.1.2022
Vitalik Buterin, the co-founder of ETH, recounted all his previous year predictions, presenting his skills of giving out the right result about the on-production development of software issues. In his Twitter thread, Vitalik shared his article written on 23rd July 2013, highlighting the benefits...
Airdrops Delivered Windfalls and Drama to Diligent Defiers
31.12.2021
Is there a way to earn cryptocurrency without actually paying for it? Yes, it is possible to earn up to several digits in cryptocurrency without actually buying the coins. The airdrop in the crypto world is a popular promotional strategy that offers free tokens to the wallet. Now, this would be...
Aave-DeFi Lending Protocol Takes Real-World Assets as a Part of Collateral
30.12.2021
Decentralized finance acts as a closed system. Cryptocurrency owners show their crypto in the form of collateral to get loans in dollar-pegged stablecoin, further using it for the DeFi projects. However, the entire closed-loop has opened a bit after Aave lending regulations announced their plans...
Thorstarter Enters Partnership with Maya Protocol
29.12.2021
Thorstarter, the hybrid IDO launchpad, recently announced a partnership with Maya Protocol. The unique launchpad has joined hands with an equally unique CosmosSDK-backed replicated state machine. The partnership will see the ventures promote multi-chain DeFi, boosting DEXs’ use-case globally....
Aave and Centrifuge Launch 'Real World Assets' Market
29.12.2021
Popular decentralized finance (DeFi) protocol Aave (AAVE) has partnered with decentralized operating system Centrifuge to launch a new market called Real World Assets (RWAs), which would enable users to earn yield against real-world assets.
Prior to this, Aave users could only borrow and lend...
DeFi Shined in a Mad, Mad, Mad, Mad Year in Crypto Markets
28.12.2021
The cryptocurrency market has recently created a unique standard for wealth creation, volatility as well as sheer craziness. Observers watched in awe at the market capitalization of cryptocurrency surpassing $3 trillion. Observers were also equally surprised to see doggy tokens, gaming tokens,...
Terra Crosses $12B In TVL, Avalanche At $12B
27.12.2021
Investors have a portfolio to maintain with a huge interest in looking to expand it with other products. The increasing network cost of Ethereum has made it difficult for such investors to explore the much-talked-about sectors, namely, DeFi and NFT. Network congestion has currently been termed as...
SEBA Floats Proposal to Become Whitelister for Arc
23.12.2021
In an important development, SEBA has come out with the governance proposal requesting to become a whitelister for the institutional lending platform of Aave, the Arc. If the request is approved by the Arc, SEBA will get the role of onboarding the users of the lending platform by fully monitoring...
Polkadot Concludes Five Parachain Auctions
22.12.2021
Polkadot recently concluded its first parachain auctions round, and the winners have started producing blocks. The development has initiated Polkadot’s sharded ecosystem, offering specialized computation and smart contracts functionality. In addition, the development will help developers to start...
Fei-Rari Union Approved, Marking One the Largest DAO Mergers in DeFi History
22.12.2021
A vote to merge Rari Capital, an open interest rate protocol that allows the creation of permissionless lending pools, and Fei Protocol, issuer on the native algorithmic stablecoin FEI, was approved on Tuesday at Ethereum (ETH) block height 13850929.
Looking at the total value locked (TVL)...
Santa Hackathon? Visor Finance Marks 7th Hack in December
22.12.2021
Liquidity management decentralized finance (DeFi) protocol Visor Finance is the latest victim of a DeFi hack, with the protocol estimated to have lost USD 8.2m worth of digital assets - and becoming the 7th crypto establishment to get exploited in the last month of the year....
Read More: Santa...
Fantom DeFi Project Loses $30M to a Security Breach
21.12.2021
Fantom-based Grim Finance recently faced a security breach, losing 30 million dollars to a hacker. The unidentified hacker exploited a reentrancy bug in Grim Finance’s smart contracts. As soon as the news of the attack came out, the network’s TVL dipped to 4.2 million dollars from 98.9...
6th Hack This Month Confirmed: Bent Finance Asks Investors to Withdraw all Funds
21.12.2021
High yield staking platform Bent Finance has confirmed that it has been attacked, advising investors to withdraw funds - becoming the sixth hacked decentralized finance (DeFi) platform we reported on this month alone.
So far, reported-on December hacks include Badger DAO, Bitmart, AscendEX...
DeFi Is a Ticking Bomb, Thanks to Innovative Collateralization
20.12.2021
2021 is coming to an end, and DeFi’s top lineup is mostly made up of synthetic asset platforms (SAPs). Any platform allowing users to synthetics or derivative values which are tied to existent assets through complete real-time is known as an SAP. Synthetics usually represent different types...