DeFi
The Total Value Locked (TVL) in the Symbiotic restaking protocol has officially surpassed $1 billion, closing the gap with competitor EigenLayer. Symbiotic Reaches $1 Billion TVL Milestone Symbiotic, an ambitious restaking protocol aiming to compete with EigenLayer, hit the deposit limit of 210,600 stETH (approximately $800 million) within just
DeFi
The Total Value Locked (TVL) in Pendle Finance has decreased by over 40% in the past week after several products matured on June 27. Pendle TVL Drops Nearly $3 Billion in 7 Days According to data from DefiLlama, the DeFi protocol developed on Ethereum, Pendle Finance, saw around $3 billion
DeFi
Vitalik Buterin, the co-founder of Ethereum, recently shared his proposal for a "slot-and-epoch" model, aimed at improving the security and optimizing the interaction mechanism between Layer-1 and Layer-2. Vitalik Proposes Slot-and-Epoch Model to Enhance Layer-2 Security In his latest post, shared on his official X account on the
DeFi
In response to recent congestion issues on Layer-2, Arbitrum has announced a new transaction sorting and processing proposal called Timeboost. Arbitrum Proposes New Transaction Processing Mechanism Called Timeboost The proposal was unveiled and discussed in Arbitrum's DAO forum on the evening of June 28th. This mechanism is planned
DeFi
Cross-chain infrastructure solution Wormhole has announced a partnership with Worldcoin to introduce the World ID identification solution to the Solana ecosystem. Wormhole Partners with Worldcoin to Bring World ID Technology to Solana Network This collaboration is part of Worldcoin's Human Collective Grants program. As part of this initiative,
DeFi
Sunny Agarwal, co-founder of Osmosis, praised this proposal as a significant milestone in DAO-to-DAO transactions. Osmosis DAO Approves Proposal for Free Bitcoin Bridging with Cosmos Osmosis DAO has approved a proposal to eliminate fees for transferring Bitcoin into the Cosmos ecosystem via Nomic, addressing user difficulties. Voting Results The initiative
DeFi
solution, has allocated tokens for Phase 2 of its Season 1 airdrop event, while also hinting at the upcoming Season 2. EigenLayer Launches EIGEN Token Airdrop Season 1 Phase 2 In the early hours of June 20, the Eigen Foundation, which manages the EIGEN token, announced the official details for
DeFi
Ethena Labs introduces a mechanism for restaking ENA and sUSDe tokens through Symbiotic and LayerZero. The ENA staking pool on Symbiotic will be launched on June 26. Ethena Supports Restaking of ENA and sUSDe through LayerZero and Symbiotic On the morning of June 18, the stablecoin project Ethena announced the
DeFi
Despite the liquidation incident, founder Michael Egorov asserts that Curve Finance's lending mechanism has the potential to become the safest in the industry. Michael Egorov: "Liquidation Incident Demonstrates Curve Can Become the Safest Lending Platform" As previously reported by Coin68, Michael Egorov's stablecoin loan
DeFi
The funds deposited into Consensys' Layer-2 solution Linea have increased by over 50% in the past month. This surge is attributed to the special Points hunting campaign designed to attract DeFi users. Layer-2 Linea Achieves Significant Growth Through Linea Surge Campaign with Points Reward Model gm Lineans😎 The wait
DeFi
Michael Egorov, founder of Curve Finance, is once again facing liquidation risks. His loan, backed by 350 million CRV tokens (equivalent to $122.5 million), is being liquidated, resulting in a significant price drop for CRV. Michael Egorov Faces Liquidation of 350 Million CRV Loan, Leading to 40% Price Dump
DeFi
In the latest wave of user experience improvements for crypto wallets, Circle has announced its support for the Programmable Wallets development toolkit within the Solana ecosystem. Circle Supports Programmable Wallets Development Toolkit on Solana In their recent announcement, Circle introduced the integration of two key components into the Solana ecosystem: