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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.


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...

Badger DAO DeFi hack

DeFi Platform BadgerDAO Lost $120 M as a Result of a Hack

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An unknown hacker or a group of hackers targeted the Bitcoin-focused DeFi platform Badger DAO. They managed to seize funds worth $120 M in different crypto assets. Badger DAO announced receiving reports of wrongful withdrawals of funds. While the team is examining the case, smart contracts are...

Defi

DeFi protocols lost $10.5 billion since early 2021

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A study by Elliptic says that users of projects deployed in the DeFi market have lost $ 10.5 billion since the beginning of 2021 as a result of hacker attacks and fraudulent schemes. Last year, the damage was only $ 1.5 billion. According to DeFiLlama, in June 2020, the value of funds blocked in...

DeFi VVS Finance

New DeFi App VVS Finance Is Adding More Liquidity Pairs

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The first Cronos-based decentralized exchange VVS launched the VVS/USDT pool. This means that users can add liquidity to the pool and earn rewards in VVS. Liquidity can now be added to VVS/USDT pool.VVS/USDT Crystal Farm will start at 10:00 AM UTC, rewards in VVS, happy farming 🧑‍🌾...

Coinbase

Coinbase will consider integration with DeFi platforms

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Coinbase is considering integrating with third-party DeFi apps. This was stated by the financial director of the company Alesya Haas during a fintech event organized by City. “We plan to eventually serve third-party applications as part of our core product,” said a top manager. According to...

Justin Sun DeFi Aave

Aave's TVL Falls After Justin Sun Actively Withdraws Crypto

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Total value locked in DeFi lending and borrowing platform Aave has decreased significantly. Per data from DeFi tracking and analytics platform DeFi Pulse, Aave's TVL fell by around 12% from October 29, dropping to $11.95 billion from $17.8 billion. With less liquidity, interest rates in the...

DeFi

The value of funds blocked in the DeFi market exceeded $243B

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The protocols deployed in the DeFi decentralized finance market have accumulated a record amount of funds. According to the DeFiLlama service, the amount of funds blocked in this ecosystem has reached $ 243.26 billion. The growth in capital investments in projects launched based on DeFi is observed...

DeFi platforms hit $210 billion

DeFi TVL Surged Over $200 B First Time in History

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Cryptocurrencies and the DeFi industry have seen massive growth in the first week of October. According to data aggregator DeFi Llama, the total value locked in DeFi platforms hit $200 Billion for the first time in history. Currently, the indicator stands at above $210.4 billion. Ethereum continues...

Mirror Protocol open publishing

Mirror Now Allows Decentralized Publishing for Everyone

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Today, decentralized synthetic assets platform Mirror announced the opening of the publishing option to everyone. This means that instead of username and password, people need to connect their Ethereum wallets and that data is stored on decentralized storage. Based on the Terra blockchain, Mirror...

DeFi Compound bug

Compound Price Falls After a Major Bug Causes Loss of Funds

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Recently, DeFi lending and borrowing protocol Compound has been facing problems. It all started when a system upgrade has gone wrong. On October 1, the news came that over $90 M was sent to users accidentally. Compound CEO Robert Lesher urged people who received tokens, send them back. Otherwise,...

dYdX governance token

Decentralized Exchange dYdX Released Its Governance Token

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Ethereum-based Layer 2 protocol dYdX released its governance token on September 8. The airdrop surpassed $100.000. dYdX exchange was founded in 2017. It offers users decentralized derivatives, margin, and spot trading. According to data from DeFi Pulse, the total value locked in the platform stands...

Ethereum

Ethereum keeps leadership by number of deployed DeFi projects

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The value of funds locked in DeFi protocols is approaching $ 175 billion. Projects representing the decentralized finance market are deployed across multiple blockchains. In addition to Ethereum and Binance Chain, they are launched based on the Polygon, Solona, ​​Fantom, Terra, Avalanche, and...

DeFi Uniswap SEC

US SEC to Start an Investigation of Major DeX Uniswap

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The US regulatory agency began to investigate Uniswap. The news was published by The Wall Street Journal on September 3. Source of the information is "people familiar with the matter", the media platform says. As stated in the post, the SEC wants details on how Uniswap Labs arranges...

OKEx

OKEx announced the launch of the NFT trading platform

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On September 2, the well-known cryptocurrency exchange OKEx announced its intention to launch the so-called DeFi hub and NFT trading platform. Thus, OKEx intends to significantly strengthen its decentralized cryptocurrency ecosystem, which will also include NFT - the market for non-financial...

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.