Tagged: decentralized protocols

API3 Provides Decentralized Data Feeds to Base, a Coinbase incubated Ethereum L2 Solution

API3’s managed dAPIs are available on Base. Developers on Base can now “access over 120 verifiable, decentralized data feeds powered by first-party oracle nodes, which are operated directly by the data providers.” Base is an Ethereum L2 solution incubated by Coinbase that is “built on… Read More

Decentralized Applications: Socket Secures $5M to Bring Interoperability to Coinbase Wallet and Base

Socket, an interoperability protocol that allows asset and data transfer across chains for decentralized applications (dapps), announced a $5 million strategic investment from Coinbase Ventures, the venture arm of one of the world’s largest crypto platforms, and Framework Ventures, a crypto-native venture capital firm known… Read More

Web3 Development: SphereX Introduces Security Solution for Smart Contracts

SphereX, a web3 security company, has raised $8.2 million in seed funding and launched SphereX Protect, a decentralized security solution for smart contracts. This solution prevents vulnerabilities “in the code from being exploited and maintains contract operation even under threat.” SphereX, a web3 security platform,… Read More

Curve Finance Vyper Code Vulnerability Leads to Major Hack Impacting Liquidity Pools: Chainalysis Report

On July 30, 2023, several liquidity pools on Curve Finance were exploited, resulting in approximately $70 million in losses and triggering panic within the DeFi ecosystem, the team at Chainalysis noted. In a blog post, Chainalysis also mentioned that these hacks occurred due to “a… Read More

Arjun Kalsy: Head of Ecosystem at Mantle Network Explains How Blockchain Scalability Challenges May be Addressed

Decentralization theatre: We’ve heard it time and time again in recent months as several projects have struggled to commit to the underlying ideological tenets of blockchain amid growing skepticism of the space. Others have fared relatively well, though — from the community-initiated vote for the… Read More

Decentralized Finance: Symbiosis Adds Arbitrum Nova to Expand DeFi Connectivity

Symbiosis, a cross-chain liquidity protocol, announced the addition of Arbitrum Nova to its platform. This integration will “allow users to swap assets across 12+ chains.” Arbitrum Nova is a new chain that is designed to be more cost-effective and faster than Arbitrum One. It is… Read More

Beanstalk, the Monetary Experiment Addressing Inefficiencies of Hard Money, Announces Protocol Improvements

Beanstalk, which claims to be the “pioneering” monetary experiment built to address the inefficiencies of hard money, announces a series of protocol improvements voted in by the DAO. With the upcoming series of Mayflower Updates, the protocol and its DAO are focused on the task… Read More

Anchorage Digital Bank Explains Why They Use Chromebooks as Their Primary Hardware, OS

Aaron Lint, Security Lead at Anchorage Digital, as well as Prasanna Gautam, Technical Lead, Protocols, among other members of the firm’s professional team have shared key updates. Anchorage Digital notes in a blog post that as a fast-scaling company, their technical staff is core to… Read More

1inch Network has Expanded to Avalanche and Gnosis Chain

The 1inch Network announced on January 20, 2022 that they’ve expanded to Avalanche (AVAX) and Gnosis Chain (GNO). As explained in the update, the expansion to the two fast-growing blockchains will aim to “offer 1inch users more options for low-costs, high-speed transactions.” The 1inch Network… Read More

Sovryn, a Bitcoin-Native App for Decentralized Lending, Introduces Protocols for BTC backed Stablecoins

The developers of Sovryn, a Bitcoin-native app supporting decentralized lending, notes in a blog post that we are all in the middle of a truly historic transition from a global economy largely based on fiat money to an economic system based on crypto-assets and dominated… Read More

Curve Finance, Adds Support for Tether Stablecoin Pegged to Euros – EURt

Curve Finance, an automated market maker protocol developed for swapping between stablecoins and various other crypto tokens with low fees and slippage, reveals that it will be supporting Tether tokens pegged to the euro (EURt). The addition of EURt to Curve — a protocol developed… Read More

Over $1.6B in Total Value Locked in Bancor Protocol, an Ethereum Protocol Enabling Automated, Decentralized Token Exchange

During the past month, the total value locked (TVL) in the Bancor Protocol has more than doubled, surpassing the $1.6 billion mark. Bancor, which serves as a liquidity protocol that enables automated, decentralized exchange, reveals that it managed to break into the top 10 projects… Read More

DeFi Protocol Wars Between Uniswap and SushiSwap Bodes Well for Decentralized Finance, Coinbase Argues

Blockchain-powered apps are designed to be more open and transparent than their traditional versions. According to Coinbase, this can be beneficial because individuals and organizations are able to inspect these projects and can also confirm that everything is working as it should. However, it’s also… Read More

Pankaj Balani, CEO at Delta Exchange, Explains how We Can Evaluate the Economic Value and Fair Price of Compound’s COMP Token which Surged Dramatically in June 2020

Pankaj Balani, CEO and Co-Founder at Delta, a derivatives exchange for cryptocurrencies, recently shared his views and insights with Crowdfund Insider about the dramatic surge in DeFi (decentralized finance) protocol Compound’s COMP token. Balani noted that we can begin to assess the value of COMP… Read More

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