Big Cap
Binance platform is reported to be holding 90% of the total supply of TrueUSD following a substantial transfer activity amounting to approximately $2 billion to this centralized exchange (CEX). The current market capitalization of TrueUSD stands around $3 billion. Data from DefiLlama indicates that $2.7 billion is currently stored
DeFi
Uniswap Foundation has recently shared the latest details in its roadmap to launch the V4 version of its decentralized exchange (DEX). Launching Uniswap V4 Erin Koen, a representative of Uniswap Foundation, emphasized that the project aims to deploy V4 within this year. With the anticipated successful upgrade of Ethereum'
DeFi
Another DeFi project has chosen a "centralized" approach in its legal and operational structure. The latest name to take this route is Abracadabra, the developer behind the stablecoin MIM and the token SPELL. Abracadabra's Centralization Move In a forum post, the project has called on Abracadabra
DeFi
Decentralized exchange (DEX) PancakeSwap has officially integrated with the Polygon zkEVM blockchain, marking its fourth integration after BNB Chain, Ethereum, and Aptos. PancakeSwap Launches on Polygon zkEVM According to an announcement made on the evening of 29/06, PancakeSwap has been deployed on Polygon zkEVM. This integration is part of
DeFi
Decentralized exchange (DEX) dYdX has set the date for launching the public testnet for its Cosmos-based blockchain, the dYdX Chain, on July 6, 2023. According to the announcement, the decentralized exchange dYdX will launch its public testnet before midnight (00:00 AM) on July 6, 2023 (Vietnam time). We are
DeFi
According to the latest report from the Bank for International Settlements (BIS), products from decentralized finance (DeFi) protocols could potentially support the multi-trillion-dollar foreign exchange market in the future. Research units from BIS, Banque de France, the Monetary Authority of Singapore, and the Swiss National Bank are exploring how blockchain
DeFi
The Lido Finance community is abuzz with discussions following a new proposal regarding the protocol's revenue sharing mechanism. Lido Proposes Revenue Sharing Based on Stake Tiers On June 15, a user named frontalpha published a proposal titled "Revenue Sharing Based on Stake Tiers." This proposal suggests
DeFi
On the evening of June 20th, another co-founder of Flashbots, a project within the Ethereum MEV (Maximal Extractable Value) space, announced their departure. Departure Announcement In a tweet on his personal Twitter account, Alex Obadia shared his decision to leave Flashbots. "After nearly 3 years of contributing and building
DeFi
MakerDAO, the entity behind the stablecoin DAI, has completed an additional purchase of $700 million in U.S. Treasury bonds. MakerDAO's Expanding Treasury Holdings With this latest acquisition, MakerDAO's total U.S. Treasury holdings have reached $1.2 billion. This follows an earlier purchase of $500
DeFi
Osmosis, the largest decentralized exchange (DEX) on the Cosmos ecosystem, has launched a significant update, OSMO 2.0, aimed at cutting the token inflation rate by 50%. Osmosis Cuts Token Inflation by 50% Following a governance vote, Osmosis has decided to halve the inflation rate to enhance the sustainability of
DeFi
The Aave community has decisively voted against a proposal by risk management firm Gauntlet to liquidate a large loan held by Curve founder Michael Egorov. On June 18, 2023, the Aave community voted overwhelmingly to reject Gauntlet’s proposal to freeze Michael Egorov’s CRV collateral on Aave V2. This
DeFi
On-chain data tracker Etherscan has introduced a new tool integrating OpenAI's model to help users explore the source code of smart contracts. Etherscan Launches AI-Powered Code Reader Tool Etherscan has rolled out a new tool named "Code Reader," which aims to assist users in evaluating and
