DeFi
Ethena Labs aims to increase the total supply of USDe to 5 billion USD by allowing Bitcoin to be used as collateral for this stablecoin. Ethena Introduces Bitcoin as Collateral for USDe Stablecoin In an announcement on the evening of April 4, decentralized stablecoin project Ethena (ENA) revealed that it
DeFi
A governance proposal on SushiSwap aims to transfer assets from the DAO treasury to "Sushi Labs," directing future revenues to Labs instead of the DAO. SushiSwap Plans to "Abolish" DAO for Self-Benefit? In a recent reorganization proposal for SushiSwap, the DEX aims to enhance operational efficiency
DeFi
A trading bot named "jaredfromsubway" has earned nearly $300,000 on April 3rd, marking its highest profit since September 2023. MEV Bot Sets Profit Record Targeting Ethena (ENA) Transactions On-chain data compiled by analyst Dune @kevinzzz reveals that the bot "jaredfromsubway" executed MEV (Miner Extractable Value)
DeFi
Uniswap announced that the cumulative trading volume on its protocol has surpassed $2 trillion, continuing to hold its position as the top DEX since its launch in 2018. Uniswap Hits $2 Trillion in Cumulative Trading Volume In a post on the social media platform X (formerly Twitter) on the evening
Big Cap
On Thursday (04/04), Ripple revealed its plan to deploy a stablecoin across two blockchain networks: Ethereum and Ripple. Ripple announces plan to launch new stablecoin It's known that the stablecoin will be issued later this year with assets backed by USD, short-term US Government bonds, and other
DeFi
Pendle Finance has seen its Total Value Locked (TVL) surge by over 60% in the past month, reaching a record volume of $450 million on April 3. Pendle Nears $4 Billion TVL, Becoming the Largest Yield Farming Protocol Fueled by the airdrop campaign from the decentralized stablecoin project Ethena, known
DeFi
24 Million USD in Solana (SOL) Stuck in Lido Due to Programming Error Users staking SOL through Lido currently cannot withdraw assets worth 24 million USD due to a programming error. According to DLNews, the liquid staking protocol Lido (LDO) has identified a programming bug on the Solana blockchain that
DeFi
Layer-2 and Layer-3 solutions built on Arbitrum Orbit can now leverage Celestia's Blobstream to reduce transaction costs. Celestia Deploys Blobstream Solution on Arbitrum Orbit On the evening of April 2, modular blockchain Celestia (TIA) announced the deployment of its data availability solution, Blobstream, on Arbitrum Orbit. Arbitrum Orbit
DeFi
On the evening of April 2, the DeFi community was abuzz with the brewing conflict between Aave and MakerDAO, two of the leading lending protocols in the market, each developing its own stablecoin. Aave Declares War on MakerDAO Over Ethena and USDe Stablecoin The first major move came from Marc
Big Cap
A sudden Bitcoin dump and crypto market crash on the morning of April 2 left many investors caught off guard. Market fluctuations of top cryptocurrencies at 10:35 AM on April 2, 2024. Source: Coin360 Around 09:15 AM on April 2, 2024, Bitcoin (BTC) unexpectedly plummeted from $69,000
Big Cap
Layer-2 protocol Manta Network has witnessed over a 52% decrease in Total Value Locked (TVL) shortly after enabling asset withdrawals from staking. TVL Manta Network drops by 52% in 7 days According to data from DefiLlama, in the past week, the Total Value Locked (TVL) on Manta Network's
DeFi
MakerDAO believes that utilizing DAI to support USDe and sUSDe will open up more DeFi opportunities for users. According to a proposal posted on April 1st, the MakerDAO community is considering allocating an additional 600 million USD in stablecoin DAI to the liquidity pool of Ethena’s stablecoin USDe and
