Tagged: defi

December 11, 2023 @ 10:20 am By Omar Faridi  |  

On December 5, 2023, thirdweb, a Web3 foundational development platform, reported security vulnerabilities in its pre-built smart contracts. As noted in a blog post by SlowMist, this issue affects all tokens “deployed using these pre-built smart contracts, including ERC20, ERC721, and ERC1155 tokens.” Based on… Read More

December 4, 2023 @ 10:00 pm By Omar Faridi  |  

A couple of weeks ago, the cryptocurrency community witnessed a “peculiar” and complex exploit within the Raft Protocol, which is described as a decentralized finance (DeFi) platform operating on the Ethereum network. This incident, now widely referred to as the “Raft Protocol Exploit,” stands out… Read More

December 4, 2023 @ 3:22 pm By Omar Faridi  |  

Based on the insights from the SlowMist Blockchain Hacked Archive, the month of November 2023 was marked by “a significant number of security breaches within the blockchain sector.” In total, 47 distinct incidents were recorded, “cumulatively leading to a substantial loss estimated at around $349… Read More

December 2, 2023 @ 3:51 pm By Tony Zerucha  |  

Term Structure, a non-custodial fixed-income protocol that provides peer-to-peer, fixed-rate, and fixed-term borrowing and lending in decentralized finance, has secured initial seed funding of $4.25 million. Cumberland DRW led this round, with participation from Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund. The… Read More

November 30, 2023 @ 4:58 pm By Omar Faridi  |  

We recently connected with Matthew Commons, President of the Verified USD Foundation, which aims to facilitate seamless, equitable and transparent on-chain and off-chain transactions within the Web3 ecosystem, backed by the Verified USD (USDV) stablecoin. Commons reportedly comes with more than a decade of blockchain… Read More

November 29, 2023 @ 10:16 am By Omar Faridi  |  

OKX Ventures, the investment arm of crypto exchange and Web3 technology company OKX, announced its investment in MYX.Finance (MYX), a decentralized perpetual derivative exchange. This investment is part of OKX Ventures’ ongoing effort “to enhance its growing portfolio of DEX projects.” MYX operates on a… Read More

November 5, 2023 @ 7:25 pm By Omar Faridi  |  

Derivio, a Binance Labs incubated institutional-grade decentralized derivatives trading platform, is thrilled to announce their mainnet launch on zkSync Era, a Layer 2 scaling solution for Ethereum. Derivio seeks to unlock the full potential of decentralized trading and enhance how users engage with DeFi derivatives,… Read More

October 29, 2023 @ 10:53 pm By Omar Faridi  |  

Injective, the blockchain built for finance, published its DeFi Trader Survey 2023. The research draws from various cryptocurrency trading communities, “aiming to provide a comprehensive understanding of how professionals and amateurs approach cryptocurrency trading, their motivations, and valuable lessons for the wider trading community.” Most… Read More

October 29, 2023 @ 7:57 pm By Omar Faridi  |  

Neo, the open-source, community-driven blockchain platform, revealed that development is underway on a new EVM-compatible sidechain that will enable developers “to deploy smart contracts, and open the Neo ecosystem up to a wide range of trading-specific use cases such as DeFi.” As a separate blockchain… Read More

October 16, 2023 @ 4:24 pm By Omar Faridi  |  

The Reserve Protocol is now live on Base, marking its first expansion beyond the Ethereum mainnet. This update matters because it aims to empower accessible innovation. As noted in a blog post by the Reserve Protocol team, the “low-cost,” and developer-friendly Ethereum L2 environment launched by… Read More

October 15, 2023 @ 3:31 pm By Omar Faridi  |  

During the past month, the crypto industry has experienced rapid growth. OKX Ventures has identified several scenarios where significant progress has been made: SocialFi has introduced “remarkable” products. Friend.tech has reportedly “generated over 10,000 ETH in revenue, with a TVL surpassing 30,000 ETH.” Their total… Read More

October 15, 2023 @ 11:11 am By Omar Faridi  |  

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

October 11, 2023 @ 1:00 am By JD Alois  |  

Untangled Finance has raised $13.5 million in “strategic funding” as it seeks to tokenize “real world private credit assets.” This includes SME loans, invoices, and more. The funding was provided by Fasanara Capital, a UK-based investment firm and technology platform that manages around $4 billion…. Read More

October 6, 2023 @ 3:18 pm By Omar Faridi  |  

GFX Labs, the creators of Oku, the DeFi trading terminal powered by Uniswap v3, are pleased to announce their integration with zkSync Era, a Layer 2 scaling solution for Ethereum. This collaboration brings efficient DEX trading “to zkSync, along with the charts and analytics that… Read More

October 4, 2023 @ 7:40 am By Omar Faridi  |  

BIS, De Nederlandsche Bank and the Deutsche Bundesbank are creating a data platform that has potential to shed light on the macroeconomic relevance of crypto-asset markets and decentralized finance (DeFi). Project Atlas combines on- and off-chain information, “creating a layered approach to data vetting and… Read More

October 1, 2023 @ 5:00 pm By Omar Faridi  |  

In the DeFi realm, while innovation and opportunity are definitely arising, significant potential risks prevail, according to an update from SlowMist. SlowMist explains that addressing these challenges demands “an active and evolving security approach, parallel in its dynamism and comprehensiveness to the ecosystem it aspires… Read More

September 25, 2023 @ 8:57 am By Omar Faridi  |  

MakerDAO co-founder Rune Christensen has submitted a proposal to build the project’s upcoming native chain using Solana’s codebase, which led to Vitalik Buterin selling $580,000 worth of MakerDAO’s MKR token in rebellion. The move may be an indication that ecosystem participants want to explore different… Read More

September 9, 2023 @ 4:32 pm By Omar Faridi  |  

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

September 8, 2023 @ 10:04 am By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) announced charges targeting three DeFi, or decentralized finance, operations yesterday. These included Deridex, ZeroX, and Opyn. The CFTC alleges the offering of illegal derivatives trading. The CFTC charged Deridex and Opyn with failing to register as a swap… Read More

September 5, 2023 @ 3:33 pm By Omar Faridi  |  

Institutional-grade DeFi platform, Avantgarde, has appointed portfolio management specialist Ainsley To as head of asset management. Avantgarde is known for building and “maintaining the world’s first on-chain asset management protocol, Enzyme.” Appointed to research, design, and manage Avantgarde’s on-chain strategies, To brings a wealth of… Read More