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 attack focused on…
DeFi
DeFi coverage examines financial activity built on public blockchains. This archive follows lending protocols, decentralized exchanges, staking, governance, liquidity markets, token launches, exploits and risk management across open financial infrastructure.
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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…
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…
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…
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…
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…
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…
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…
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…
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…
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…