DeFi News

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...