DeFi
Algofi, the leading DeFi project on Algorand, which accounts for 55% of the total value locked (TVL) on the network, has announced its closure due to declining activity. Algofi Ceases Operations According to an announcement posted on 10/07, Algofi, the largest DeFi protocol on the layer-1 blockchain Algorand, declared
DeFi
Blockchain infrastructure development company ConsenSys is set to launch the alpha version of its layer-2 solution, Linea, on the Ethereum mainnet. Linea Layer-2 Mainnet Deployment Linea, a zkEVM layer-2 solution developed by ConsenSys—the team behind MetaMask—has now been deployed on Ethereum and is preparing to open for global
Big Cap
This investment revelation marks a stark reversal from Robert F. Kennedy Jr.'s previous statement of not being a Bitcoin investor back in May. According to CNBC, Robert F. Kennedy Jr. now holds between $100,001 and $250,000 worth of Bitcoin as of the end of June this
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