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, and variations in…
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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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…
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,…
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…
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…
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…