DeFi News

DeFi protocol Luna Yield, powered by Solana blockchain, suddenly stopped working a few days after launch. The website and social networks of the project are disabled. Its developers have withdrawn about $8 million from the protocol. The Luna Yield team ran an IDO on the SolPAD platform on Monday,...

The value of funds locked up in the DeFi decentralized finance market has come close to $ 121 billion this week. The leading projects in this ecosystem are UniSwap, Terra, and ChainLink, which accumulated $ 15.742 billion, $ 12.044 billion, and $ 11.621 billion, respectively. Interest in the DeFi...

According to Gary Gensler, who heads the SEC, not all projects deployed in the DeFi market are decentralized. Many of them are completely centralized, the official stressed. At the same time, Gensler acknowledged that most of the protocols are indeed decentralized. It is on them that the DeFi...

Ethereum co-founder Vitalik Buterin says the token-based voting system of DeFi platforms must move forward. On August 16, he released a blog post on decentralized governance. Referring to the importance of DevGov in the industry, Buterin also mentioned the flaws of token-based voting. Among the...

DeFi interoperable platform Poly Network, which was hacked a few days ago, offered hackers a $500.000 bug bounty. The attack resulted in removing $610 M from the network. Afterwards, the platform contracted the hack's initiators via Twitter and they sent back most of the funds via several...

On August 10, one of the DeFi's largest hacks ever took place which resulted in stealing around $613 M from the cross-chain protocol Poly Network. After the case, the network contracted hackers via Twitter calling on to return the seized funds. The attacker answered via Ether transaction note,...

Analysts at Genesis Global Trading drew attention to the growing interest of institutional investors in Ether (ETH) and tokens deployed based on the DeFi market. Moreover, in a study published by experts, it is noted that financial institutions have become less likely to enter bitcoin products....

In a study by the ConsenSys team, the number of ETH addresses interacting with DeFi protocols expanded dramatically in the second quarter of 2021. This show in the reporting period soared by 65%, analysts said. The total number of wallets deployed on ETH increased by 10% in the last quarter....

According to the head of SEC, Gary Gensler, the number of investors entering the crypto sphere is constantly growing. The US Securities and Exchange Commission is concerned about the expansion of the DeFi market. The regulator has long ago paid attention to space, the users of which can lend and...

DeFi protocol Aave's CEO Stani Kulechov revealed that the company intends to start an Ethereum-based alternative to Twitter. According to his post, as Twitter CEO Jack Dorsey is building Aave on Bitcoin, Aave should build Twitter on Ethereum. Since @jack is going to build Aave on Bitcoin, Aave...

DeFi protocol Uniswap announced another move of the upgrade, the launch of Uniswap v3 on the L2 protocol Optimistic Ethereum (OE). 1/💜 We are thrilled to announce the Alpha launch of Uniswap v3 on Optimistic Ethereum (OΞ) mainnet in partnership w/ @OptimismPBC!🌐 This is a critical step in...

Blockchain interoperability hub ChainSwap was attacked. The exploit, which happened on July 10, caused a loss of around $8 M. On July 11, the ChainSwap team informed that liquidity had been removed temporarily and warned not to acquire the in-built token ASAP, as long as the case was in the process...

The DeFi project Impossible Finance (IF) running on the Binance Smart Chain (BSC) ecosystem has come under attack using instant loans. The project representatives stated that they will fully compensate for the funds contributed to the liquidity pools. They promised to inform users about the...

Keep Network and NuCypher, protocols running on Ethereum are creating a merger with the codename KEANU. It's worth mentioning that KEANU is only the codename and the planned DAO may be renamed later. The name has a logic: KEANU is a kind of combination of the two project...

On June 15 Switzerland-based digital asset bank Sygnum published a post where it informed about delivering operations for DeFi tokens AAVE, Aragon (ANT), Curve (CRV), Maker (MKR), Synthetix (SNX), Uniswap (UNI), and 1INCH. In addition, the establishment will provide activities for dollar-pegged...

American billionaire investor Mark Cuban wrote an article related to blockchain technology and the DeFi industry titled “The Brilliance of Yield Farming, Liquidity Providing, and Valuing Crypto Projects". He stated that crypto businesses make more sense than people think and valuing tokens...

Daily transactions in the DeFi market have dropped to their lowest levels since 2020. For example, the number of transactions on the UniSwap platform decreased by 28% compared to mid-May. The Glassnode report says that the volume of transactions in dollar terms decreased by 60% in two weeks....

Singapore-based investment firm Spartan Group has launched a $110M venture fund to support DeFi applications. The general partner Jason Choi told about this. According to Choi, the Spartan Group initially expected the fund to be $ 30 million. The framework will place particular emphasis on the DeFi...