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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.


YF LInk price doubled

YF Link Token Price Grows Twice before AMM Launch

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As the big launch of Linkswap automated market maker gets closer, the rate of the YFL governance asset grew twice. At first sight, it seems that the token is aiming to repeat the success of Yearn Finance’s YFI token as generally DeFi governance tokens don't lose their popularity. The YF Link...

Outstanding loans value

The Value of Outstanding Crypto Loans in Defi is $3 B

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Outstanding crypto loans in DeFi protocols have now surpassed $3 billion. On Aave, Compound, and MakerDAO, there is over $3 B of outstanding loans, $98.8 M of which was borrowed last week. These lending protocols are not like usual crypto loans firms. They’re networks, decentralized such that no...

Reef Finance and Kava partnership

Reef Finance and Kava Working Together on Polkadot

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Reef Finance, one of the most popular DeFi projects running on Polkadot, has informed about a collaboration with Kava. They are aiming to bring cross-chain DeFi to Polkadot. The union of the two platforms seems to be promising as Reef is a permission-less smart liquidity aggregator and yield...

Fireblocks fund

Fireblocks Surges 30M in Series B Funding

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Digital asset custody protocol Fireblocks scored $30 M in Series B funding managed by investment organization Paradigm. Among other participants were Fireblocks' present supporters. Paradigm co-creator Fred Ehrsam has entered Fireblocks' executive board. Fireblocks aims to use the fund in order to...

Binance sues Forbes

Binance Sues Forbes Journalists

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The crypto trading platform Binance has sued Forbes and two authors for issuing an article in October that the company finds defamatory. The suit, submitted in US District Court in New Jersey, claims that the article—” Leaked ‘Tai Chi’ Document Reveals Binance’s Elaborate Scheme to Evade...

Hack

Origin DeFi was hacked and lost $7 million

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Origin's decentralized finance (DeFi) protocol was hacked on November 16, lost more than $ 7M. An attacker exploited a vulnerability in the Origin stablecoin contract (OUSD) and withdrew most of the tokens. Origin stablecoin is backed by three other stablecoins: Tether (USDT), USDC from Circle and...

Idle protocol 18.11.2020

Idle Finance Protocol Raises $1.2 M

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DeFi yield optimizer Idle Finance has raised $1.2 million in seed funding. Idle is a decentralized platform that allows users to automatically manage their investments and holdings across multiple DeFi protocols, adjusting interest rate returns and capital allocation based on user risk profiles. ...

Origin dollar attacked

Hackers Stole $7M from Origin Protocol

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Stablecoin project Origin Dollar (OUSD) was attacked on Monday and lost $7M as a result. The sum involved user funds, as well as $1 million worth of deposits by Origin founders and employees. The attacker managed to find a reentrancy bug in smart contracts. He exploited the Origin Protocol's Origin...

Ant group closed 13.11.2020

China’s President Stopped Ant Group’s $37 B IPO

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China’s President Xi Jinping personally decided to stop the world’s biggest-ever IPO after Ant Group’s creator and China's second-richest man Jack Ma talked against the country’s innovation-oppressive financial management and banking system. Ant Group was supposed to be launched on November...

Akropolis

Hacker withdrew $2 million from Akropolis DeFi protocol

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An unknown attacker devastated the YCURVE and sUSD liquidity pools of the Akropolis project in DAI stablecoins worth $ 2 million. He hacked smart contracts that were audited twice. We recently identified a hack executed across a body of smart contracts in the "savings pools" that have...

Uniswap community call

Uniswap will Consider Increasing Liquidity Mining Rewards

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Successful decentralized protocol UniSwap has informed about informal community call will take place on Nov. 12 at noon. There will be discussed basic management subjects principal to Uniswap as well as the prospects of its liquidity mining details. A great number of DEX clones appeared trying to...

Binance news 10.11.2020

Binance Blocking U.S. Users from Accessing its Platform

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Crypto exchange Binance has begun blocking U.S. users from accessing its exchange platform. The action comes more than a year after Binance first talked about in July 2019 that it would stop serving U.S. residents from September of that year. Until now, the exchange was still allowing U.S. users to...

Aave Scores 25% In a Day

Aave Scores 25% In a Day

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DeFi bulls seem to return. One of the leading protocols AAVE has scored 25% in the past 24 hours alone reaching $159.1k. Thanks to this, the coin becomes the best-performing crypto asset in the top 100 by market capitalization. LEND is currently the #65 cryptocurrency by market cap at $5.2M. Note...

Uniswap

Capitalization of DeFi-project UniSwap approached $3 billion

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UniSwap (UNI) continues to lead the DeFi projects list. Its capitalization now exceeds $ 2.8 billion, according to data from the DeFiPulse.com service. The closest competitor to UniSwap is the Maker project, which costs about $ 2.18 billion. Analysts predict that UNI's capitalization will exceed $...

Lightning launches liquidity marketplace

Lightning Labs Introduces a Liquidity Marketplace

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Lightning App, an establishment aiming to expand the Lightning Network, a Layer 2 payment protocol operating on BTC, has issued a retail store for liquidity. The protocol informed about the launch of Pool, “a non-custodial, P2P market” which will convert Lightning liquidity into a commercial...

Kylin introduses oracles

KYLIN Introduces Oracles to Protect DeFi Industry

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Kylin, a protocol developing a cross-chain data framework powered by PolkaDot, informed about the launch of distributed oracles as a step to the first implementations of its network to offer DeFi environment precise, secure, and economical reference of outer information. The oracles created by the...

Now Aave Governance Belongs to Token Holders

Now Aave Governance Belongs to Token Holders

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Aave’s core developers have passed governance rights over to AAVE token owners, giving its community power over the future of the network. It recently informed that the admin keys of the protocol are now transferred to the governance communities. Besides, this migration is done under the command...

Eight Successful DeFi Protocols join Defi alliance

Eight Successful DeFi Protocols will Collaborate

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An association of western world's 8 leading DeFi platforms was created with the help of Shanghai science and technology establishment. The Open DeFi Alliance has informed about the commencement of a western wing and the integration of eight new entrant organizations. The association launched in...

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.