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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.


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 Balancer proposal

Balancer CEO Proposed To Adopt Curve Finance’s Tokenomics Model

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The CEO of the open-source protocol Balancer, Fernando Martinelli, presented a proposal of adopting a vote-escrowed system similar to that of Curve Finance. If approved, the system will allow owners of the protocol's native BAL tokens to lock their assets for a certain period of time and get...

MetaMask Institutional DeFi

MetaMask Institutional Added Multichain Connectivity

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Leading software crypto wallet Matamask developed by ConsenSys added a new feature named "DeFi Connector," which allows enterprises to access DeFi products built upon different blockchain protocols. For this purpose, MetaMask Institutional (MMI) integrated solutions of Cactus Custody, a...

UniSwap hires Gordon Liao

Uniswap Hires Former Federal Reserve Executive

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Leading decentralized crypto exchange UniSwap announced hiring Gordon Liao, a previous senior economist at the U.S. Fed. He served at the Fed Board for around 3 years. In a tweet, Liao said that he will lead research at UniSwap, and that he's excited about the innovations which can form a more...

Aave institutions Aave Arc

Aave Offers Regulatory-Compliant Service for Institutions

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Multichain DeFi market Aave offers institutional lending and liquidity services via Aave Arc. The service lets enterprises be a part of regulation-compliant decentralized products. Via the liquidity pool, they can supply and borrow assets. Aave Arc is built especially for establishments to deliver...

CFTC

CFTC fined Polymarket DeFi platform $1.4 million

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The US CFTC fined the Polymarket prediction platform $1.4M for servicing OTC binary options trading without proper registration. “Polymarket has offered over 900 different event markets since its beginning by hosting smart contracts on the blockchain to manage them. Polymarket creates, defines,...

Badger DAO Improvement Proposal

Badger DAO to Recover Funds After a Hack

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DeFi protocol Badger DAO was hacked on December 2, and attackers managed to access funds worth around $130 Million. The team announced that smart contracts were paused to disallow further withdrawals while they were investigating the hack. On December 10, Badger announced the process of Return...

Coinbase DeFi yield farming

Coinbase Launches Yield Farming For Users Outside the US

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One of the top crypto exchanges, Coinbase now enables users from over 70 countries to earn interest via Decentralised Finance (DeFi).The USA isn’t among those countries. In a press release published on December 9, the company said that users will be able to earn DeFi yield on USD-pegged...

BIS

BIS questioned the decentralization of DeFi protocols

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The Bank for International Settlements (BIS) believes that projects deployed in the DeFi market cannot be called completely decentralized. The area needs government regulation, and the authorities can use the factor of centralization of each protocol to control the transactions made by users. The...

Solana

A bug in Solana library allowed to steal up to $27M in an hour

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A bug in the Solana Protocol (SPL) program library could potentially steal funds from several large DeFi projects at a rate of about $ 27 million an hour. The Tulip Protocol yield aggregator and the Solend and Larix lending protocols were under threat. At their peak, the combined TVL of these...

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.