Yield Protocol Experiences a $181,000 Crypto Asset Hack on Arbitrum
TL;DR Hack of $181,000 in cryptographic assets from Yield Protocol on Arbitrum. Exploitation of smart contracts after its closure in December 2023. Decline in losses...
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.
DAI Reaches a Historic Record of $240 Billion in On-Chain Transaction Volume
TL;DR DAI reached a historic record of $240 billion in on-chain transaction volume last week, surpassing the combined volume of other stablecoins. The surge occurred...
Marginfi in Crisis: CEO’s Resignation Triggers Massive Fund Withdrawal
TL;DR Marginfi’s CEO, Edgar Pavlovsky’s resignation triggered a 25% drop in the platform’s Total Value Locked (TVL). The massive fund withdrawal reflects a crisis of...
SushiSwap: The Battle for Treasury Control
TL;DR SushiSwap’s Governance Controversy: The DeFi platform SushiSwap is in the midst of a heated debate over a proposal that could lead to the main...
Aave Proposal to Mitigate Risks Amid MakerDAO’s DAI Expansion
TL;DR Aave launches proposal to counter MakerDAO’s DAI expansion risk. The proposal seeks to adjust the DAI risk parameters in Aave, setting the LTV at...
FixedFloat Was Hacked Twice in Less Than a Month
TL;DR The crypto industry faces constant challenges with cybercrime. The recent hack of the DEX FixedFloat marks another alarming incident. In less than a month,...
Aptos Renews Stargate Bridge: Unrestricted Transactions
TL;DR Aptos, a high-performance blockchain network, removes daily limits and streamlines processes on its Stargate bridge, facilitating interoperability in DeFi. Aptos, with LayerZero and Stargate,...
Injective Labs and DojoSwap launch the CW20-Reflection Standard: an Advancement in Crypto Token Flexibility
TL;DR Injective Labs and DojoSwap have launched the CW20-Reflection standard. It will allow developers to create tokens in a more flexible manner. The CW20-Reflection standard...
The Launch of Blast: Expectations, Controversies, and Challenges in the Layer 2 Network
TL;DR Blast, a new layer 2 network, generated expectations and controversy with its promise of native Ethereum performance. Despite accumulating $2.3 billion in deposits since...
Ethena Launches ‘Epoch 2’, the Second Part of its “Shard Campaign”
TL;DR Ethena initiates the second stage of its “Fragment Campaign” with Epoch 2, incentivizing liquidity in Curve’s USDe pools. During the first phase, in just...