Defi

Cream Finance, decentralized finance (DeFi) protocol part of the Yearn Finance ecosystem, was hacked for the second time. This time, the company's Cream Liquidity Pool tokens and other ERC-20 tokens on the platform were taken, totaling $130 million. An estimated $117 million…

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DeFi activity on Solana (SOL) just touched an all-time high

From $1.5 billion TVL in August, Solana-based defi protocols have surged to around $13 billion within two months. Solana-based decentralized finance (DeFi) protocols have reached a new height as the total value locked of all assets on its blockchain is now $12.7…

Blockchain Cryptocurrency Defi Technology by Cawrey John 4 days ago

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Yieldly’s CEO Says Interoperability In DeFi Is More Important Than A Market-Leading Blockchain

Decentralized finance (DeFi) is no doubt one of the leading offerings of the crypto market. DeFi has provided users alternatives to traditional investments that they would otherwise not be able to access and this has been one of the major factors driving…

Altcoins Cryptocurrency Defi by Lee Daniel October 19, 2021

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Polkadot (DOT) founder announces $774 million development fund for DeFi

Wood invited DOT holders to put forward their suggestions for furthering the network’s growth, offering Polkadot’s treasury funds as an incentive. Following DOT’s rally last week, driven by the announcement of Polkadot’s highly-anticipated parachain auctions, Gavin Wood teased $774 million ready to be spent on innovative ideas.…

Cryptocurrency Defi by Cawrey John October 17, 2021

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DeFi Total Value Locked Hit ATH as Crypto Market Sees Resurgence

The decentralized finance (DeFi) ecosystem has printed its highest Total Value Locked (TVL) today, riding on the back of the resurgence in the broader market. Per data from DeFi Llama, the TVL covering all blockchain protocols is now pegged at $223.23 billion, a massive…

Blockchain Defi by Lee Daniel October 6, 2021

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Aave on Avalanche (AVAX) just touched $1 billion. Here’s why

On October 4, DeFi protocol Aave witnessed a breakneck launch on the Avalanche blockchain. After Aave got deployed on the Avalanche (AVAX) blockchain, the value of deposited assets on the popular lending protocol increased by $1 billion in only a matter of hours. Avalanche’s…

Cryptocurrency Defi New Technology by Nelson AC October 4, 2021

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DeFi needs a unique approach, ‘with different technology, we need different rules’

Over the last year, cryptocurrencies such as Bitcoin and Ethereum have become extremely popular with retail customers, reshaping how investors interact with financial instruments. A new generation of investors have welcomed investing as a tool for financial freedom and, with the rise…

Cryptocurrency Defi by Lee Daniel October 1, 2021

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How the tiniest of errors resulted in an $80 million loss for Compound Finance

Ethereum's Solidity language is under the spotlight following the programming error resulting in the loss. Compound Finance rolled out Proposal #62 on Wednesday to implement “Dynamic COMP reward distribution,” and patch a number of minor bugs. However, soon after executing the upgrade, Compound Labs reported “unusual…

Altcoins Cryptocurrency Defi by Lee Daniel September 28, 2021

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Abstinence from DeFi is ‘no longer an option,’ states founder of Polygon-based QuickSwap

The founding member of the biggest DEX on Polygon shared his thoughts on sustainability of Layer-2 solutions, as he addressed the controversial EIP-1559 upgrade. Sameep Singhania is a blockchain and software engineer, who has worked on several projects, including Bonded Finance and…

Blockchain Cryptocurrency Defi by Lee Daniel September 27, 2021

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Why Binance Smart Chain and PancakeSwap remain an important part of DeFi

With other networks actively working on facilitating faster transactions and lower gas fees, it will be interesting to observe how BSC will evolve and strengthen its position in the market. The blockchain analytics platform Nansen has analyzed user activity on Binance Smart Chain…

Cream Finance has been hacked, $130 million in LP and ERC-20 Tokens were stolen

DeFi activity on Solana (SOL) just touched an all-time high

Yieldly’s CEO Says Interoperability In DeFi Is More Important Than A Market-Leading Blockchain

Polkadot (DOT) founder announces $774 million development fund for DeFi

DeFi Total Value Locked Hit ATH as Crypto Market Sees Resurgence

Aave on Avalanche (AVAX) just touched $1 billion. Here’s why

DeFi needs a unique approach, ‘with different technology, we need different rules’

How the tiniest of errors resulted in an $80 million loss for Compound Finance

Abstinence from DeFi is ‘no longer an option,’ states founder of Polygon-based QuickSwap

Why Binance Smart Chain and PancakeSwap remain an important part of DeFi

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