DeFi
Overview Marinade Finance, a prominent staking protocol on the Solana network, along with Orca Finance, has blocked UK users in response to the new Financial Conduct Authority (FCA) regulations. Key Points * Staking Rates: Marinade Finance offers an annual interest rate of 8.15% for native staking and 7.7% for
DeFi
Overview After unlocking 10.68 million UNI, Uniswap Foundation transferred 2 million UNI to market maker Wintermute on Kraken. Key Points * Purpose of Transfer: The exact reason for the transfer to a centralized exchange (CEX) remains unclear. It might be related to pre-existing agreements between Uniswap and Wintermute. Investors are
DeFi
Superdao, a Platform Offering Services for DAOs, Announces Shutdown Due to Client Failures Overview Superdao, a project that provided a suite of services for Decentralized Autonomous Organizations (DAOs), has announced its closure due to a significant decline in revenue caused by the failure of numerous client DAOs. Key Points * Reason
DeFi
Uniswap Implements New Swap Fee Overview Starting from October 17, Uniswap, the leading decentralized exchange (DEX), will introduce a new 0.15% fee, known as the "interface fee," for certain token swaps conducted through its web interface and mobile app. I work in crypto because of the immense
DeFi
Lido Finance to Cease Services on Solana In its latest announcement, the liquid staking protocol Lido Finance has stated that it will cease offering services on the Solana blockchain. Key Details In a blog post dated October 16, Lido Finance revealed that while users will still earn staking rewards on
DeFi
Trader Swaps 131,350 USDR for 0 USDC During the panic of USDR's severe depeg on the evening of 11/10, a trader unfortunately swapped 131,350 USDR but received 0 USDC in return. Incident Overview On 12/10, the crypto community discovered that a trader had swapped
DeFi
As previously reported by Coin68, the community voting round for projects applying for funding from the Arbitrum Foundation has concluded. A budget of 50 million ARB will be awarded to 29 projects that met the quorum of 71.51 million ARB and received over 50% approval votes. List of Funded
DeFi
The Arbitrum Short-Term Incentives Program (STIP) is an initiative organized by the Arbitrum DAO to stimulate liquidity across its ecosystem. As previously reported by Coin68, a budget of 50 million ARB will be allocated to 29 projects that met the quorum of 71.51 million ARB and received more than
DeFi
Real USD (USDR), Backed by Real Estate, Depegs 50% Amidst Mass Withdrawals On the evening of October 11, 2023, Real USD (USDR), a stablecoin issued by TangibleDAO and backed by real estate assets, experienced a significant depeg, losing nearly 50% of its value. According to TangibleDAO's website, USDR
DeFi
Curve Finance Proposes Liquidity Pools with sDAI and stUSDT Recently, the Curve Finance community proposed creating liquidity pools pegged with two yield-bearing tokens, sDAI and stUSDT. Proposal Overview The proposal has passed the discussion and voting phases. The two tokens in question are: * stUSDT: A staking yield-bearing version issued by
DeFi
Multiple Projects Secure Funding from Arbitrum Foundation Amidst Ongoing Voting Criteria from Arbitrum Foundation As previously reported by Coin68, the project selection process organized by Arbitrum DAO runs from October 6 to October 13 on Snapshot. On the morning of October 6, Arbitrum's official X account announced the
DeFi
Trader Joe's DEX Faces Trademark Lawsuit from U.S. Retail Chain Trader Joe’s The U.S. retail chain Trader Joe’s has filed a lawsuit against the decentralized exchange (DEX) Trader Joe, alleging trademark infringement due to the similarity in their names. On October 5, 2023, Trader