DeFi News

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...

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...

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...

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...

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 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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

The head of the Securities and Exchange Commission (SEC), Gary Gensler, has previously repeatedly stated the need to regulate relations in the cryptocurrency industry. According to him, special attention should be paid to monitoring the situation in the market for decentralized financing DeFi. At...

Cream Finance Suffered $25 M Flash Loan Attack Decentralized lending and yield farming network Cream Finance’s v1 market on Ethereum chain suffered a flash loan attack today. The platform informed about the exploit via twitter, posting that it resulted in a loss of 418,311,571 in algorithmic...

Data provided by DeFi TVL aggregator DeFi Llama revealed that total value locked in various chains reached a new high surpassing $157 B. The highest mark was on August 22, despite Bitcoin’s and Ethereum price being over 26% lower than their peaks. The DeFi space continues to grow with industry...