DeFi Protocols Face Nearly 25% Drop in Fees
TL;DR In August 2024, DeFi protocol fees fell by 24.4%, totaling $288 million. The decrease is attributed to lower user activity, increasing competition among protocols,...
DeFi
Decentralized Finance News (DeFi)
Decentralized Finance (DeFi) is a completely revolutionary concept for the traditional financial system.
DeFi implies that there is no control by any government or financial entity over the finances of individuals. In this case, it is the community itself that regulates itself, setting its own rules, conditions and sanctions.
The DeFi world is growing day by day and more and more projects are being launched in this space.
Keep up to date with all the news about DeFi in this section of The Cryptocurrency Post.
Curve DAO Votes on a $21 Million CRV Grant
TL;DR Michael Egorov proposes a 21 million CRV grant to fund Swiss Stake AG, the Swiss company behind Curve. The funds will be used for...
Lumia Sells Over 25,000 HyperNodes and Closes Funding Round
gshinTL;DR Lumia has sold over 25,000 HyperNodes and has closed a funding round led by Laser Digital. With participation from DWF Labs and TRGC. The...
Moonshot Launches App for Seamless Solana Memecoin
TL;DR Moonshot launches its first app on Google Play Store, available in over 130 countries. The app allows you to buy Solana memecoins directly with...
Dough Finance Faces Million-Dollar Losses After Smart Contract Attack
TL;DR Dough Finance suffered an exploit in its smart contract on July 12, 2024, resulting in the loss of approximately $1.8 million in funds. The...
Compound Finance Website Hijacked: Users Warned of Phishing Threat
TL;DR Compound Finance website has been hacked and redirects to a phishing page. Compound protocol and smart contract funds remain secure. Users should avoid visiting...
Andromeda and Injective Join Forces to Foster DeFi Adoption
TL;DR Andromeda and Injective join forces to accelerate DeFi adoption, merging their technologies to create new economic opportunities. ANDR, as a Web3 Operating System, enables...
Blast Layer 2 Unveils Tokenomics and BLAST Airdrop
TL;DR Ethereum’s Layer 2 network Blast will launch its native token and airdrop 17% of its supply. Blast is the 6th largest blockchain with $1.65...
UwU Lend Negotiates with Hacker After Losing $23 Million
TL;DR UwU Lend, a DeFi protocol founded by former Frog Nation CFO, Sifu, fell victim to a cyberattack. Resulting in a loss of $19.4 million....
Vega Protocol Revolutionizes the Market with Its MCAP Futures
TL;DR Vega Protocol launches MCAP futures to speculate on token market capitalization before its launch. Vega MCAP futures are designed to reduce price risk and...