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DeFi News


DeFi is a big trend in blockchain technology nowadays, and it’s becoming more and more popular every month. If you are seeking the latest news related to decentralized finance technology, companies that have adopted it, and many other innovations, then you have come to the right place. Blockchain Today is providing readers with the most accurate DeFi news and not only. Subscribe to our newsletter not to miss the most interesting articles about this new technology.


Curve Finance hack

Curve Finance Lost $570,000 as Its Frontend Was Compromised

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DeFi protocol Curve Finance was hacked as attackers managed to exploit the frontend. The platform announced that the problem has been detected and reverted. At the same time, the team advised users to revoke any contracts on Curve that they may have in the last several hours. Curve also asked users...

DeFi Aave

Aave Teams up With Pocket Network to Enhance Dapp Development

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Popular DeFi platform Aave joined forces with web3 infrastructure Pocket Network to provide higher scalability, and make the development process easier. Aave will benefit from Pocket's 44,000 nodes to get data from various decentralized apps. Also, the integration will allow developers to receive...

Uniswap DeFi phishing attack

Uniswap CEO Warns About Phishing Attack

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Changpeng Zhao (CZ), the CEO of the crypto exchange Binance, tweeted yesterday that their threat intel noticed a potential exploit on Uniswap V3. He also wrote that the hacker managed to steal 4295 Ethers (worth about $4.6 M) and launder them via the mixing tool Tornado Cash. CZ said he wants to...

Aave DeFi stablecoins

DeFi Protocol Aave Intends to Issue Its Stablecoin

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Decentralized network Aave intends to bring its stablecoin to the sector. The platform's founder Stani Kulechov tweeted that the team has developed an ARC for the stablecoin named GHO. In a proposal, Aave said with community’s voting GHO can be issued on Aave and let users mint the coin adding...

Convex Finance

A hacker attacked the DNS server of the Convex Finance project

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The attacker took control of the DNS server of the Convex Finance DeFi protocol to prompt users to approve malicious smart contracts. The project team clarifies the possible damage. The developers emphasized that funds on verified contracts are not affected. However, at least five addresses...

Uniswap NFTs

Uniswap Revealed Acquiring NFT Aggregator Genie

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Uniswap Labs, the company behind the development of the Ethereum-based DEX Uniswap, revealed acquiring Genie, the first aggregator for NFT marketplaces. Genie enables discovering and trading NFTs across platforms. Uniswap’s announcement on the deal says the step is a part of the company's mission...

JPMorgan DeFi

JPMorgan to Make Trillions of Dollars of Assets Available in DeFi

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Leading investment banking company JPMorgan has big plans related to DeFi. During the Consensus 2022 conference, the head of JPMorgan's Onyx Digital Assets, Tyrone Lobban told Coindesk about the goals to provide institutional DeFi solutions, emphasizing the importance of tokenized assets. According...

DeFi Osmosis hack

Osmosis Hackers Return $2 M After the 5M Exploit

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A few days ago, decentralized crypto exchange platform Osmosis was hacked and lost $5 M as a result. Attackers found a bug on Liquidity Pools, and were able to move funds. Osmosis was launched in June 2021 on the Cosmos blockchain. According to data from DeFi Llama, currently the Total Value Locked...

Polygon

Polygon developers launched an acceleration program for DeFi projects

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The platform for Ethereum solutions of the second level (L2) Polygon has launched a new acceleration program for developers in the field of decentralized finance. The initiative was implemented in cooperation with the third-level (L3) blockchain infrastructure provider Orbs based on the DeFi.org...

Aave CEO Twitter

Twitter Suspends Aave Founder Stani Kulechov's Account

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Twitter has permanently banned the account of Stani Kulechov, the founder and CEO of leading DeFi platform Aave. The reason was the following tweet by the executive: "BREAKING: Joining Twitter as interim...

BEAN hack

Stablecoin Protocol Beanstalk Lost $182 M in an Exploit

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On April 17, Ethereum-based decentralized stablecoin protocol Beanstalk was exploited and lost $182 M as a result. Security, and data analytics company PeckShield tweeted based on Etherscan data that the attacker managed to get away with $80 M and move it via privacy transactions protocol Tornado...

Uniswap ventures DeFi

Uniswap Launches Crypto Ventures Arm

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Decentralized cryptocurrency exchange Uniswap revealed the establishment of Uniswap Labs Ventures (ULV) to invest in web 3 development teams such as infrastructure and apps at various stages and levels. A blog post published by Uniswap says that the team is focused on supporting projects that have...

IOSCO DeFi regulations

Global Securities Regulator Warns Against DeFi Risks

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Global regulator for securities, IOSCO (International Organization of Securities Commissions) composed of 33 securities regulators of various countries, released an extensive report on the DeFi industry. It finds that DeFi is rapidly growing to mirror the traditional financial markets. The report...

Morgan Stanley

Morgan Stanley pointed to obstacles to the continued growth of DeFi

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Over-collateralization and regulation will limit the continued exponential growth of the DeFi sector in the coming years. Analysts at Morgan Staley came to these conclusions. Investment bank experts noted that they did not find much evidence for the thesis that DeFi protocols significantly improve...

Hack

DeFi protocols Li Finance and Umbrella Network were hacked

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DEX aggregator Li Finance has reported a hack that resulted in the theft of 205 ETH (~$591,630) from 29 wallets connected to the service. The project team closed the exploit and compensated for the losses of most users. According to the report, on March 20, an attacker exploited a vulnerability in...

Binance Pancake swap

PancakeSwap and Binance Rolled Out a Mini Program for Mobile

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Leading crypto trading platforms PancakeSwap and Binance released the initial version of the Mini program in Binance mobile app. The blog post published on March 17 by the Binance team reveals that starting from the date Binance mobile users will progressively receive access to PancakeSwap. The...

Aave V3 DeFi

DeFi Platform Aave Launched V3 Upgrade

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Decentralized lending and borrowing protocol Aave announced that Aave V3 went live on mainnet across six networks; Polygon, Fantom, Avalanche, Arbitrum, Optimism, and Harmony. The upgrade has brought new features that improve capital efficiency, enhance decentralization, security, and cross-chain...

Aave Lens social media

Aave's Social Media, Lens Is Live On Polygon Testnet

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Leading DeFi protocol Aave introduced its social media platform, Lens, on the Polygon blockchain. Lens is an open-source, Web 3, smart contracts-based platform, which offers user-owned content and social interactions. Also, it enables developers to focus on developing user experience and not on...

DeFi has become a new trend in the world of blockchains and cryptocurrencies. Finance is always about tracking and analyzing, no matter if it's decentralized or centralized. Now, you have an opportunity of reading about innovations of DeFi technology, how can anyone make use of it, or how various companies are trying to get from DeFi all the advantages it has. 2020 is the year of DeFi. More and more companies are starting to implement this technology into their daily flow. That's why it is becoming necessary to be aware of the technology and its modifications. Our Cryptopedia will help you find out additional information about the DeFi technical side and other details. Find Blockchain Today on social media platforms to discuss the most interesting topics with our community.