DeFi
Metis Passes Proposal to Integrate Data Availability on Ethereum Mainnet Introduction After a 7-day voting period, the Metis community has finally approved the proposal to integrate Data Availability (DA) directly into the Ethereum mainnet. Today is a good day🌿 The community has spoken, and Metis will go back to storing
DeFi
THORSwap Temporarily Suspends Swapping Services Over Hacker Money Laundering Issues Background As reported by Coin68, there has been a surge in concerns regarding the use of THORSwap for laundering money obtained from various high-profile hacks. These hacks include Stake.com, Atomic wallet, and the infamous FTX hack, where stolen assets
DeFi
Introduction The OP Stack toolkit by Optimism has recently integrated a trial Fault Proof mechanism on the OP Goerli testnet. This marks a significant step in ensuring the security and robustness of Layer-2 solutions. Details According to a post from OP Labs' X account, this is the first Fault
DeFi
Orbiter Finance Denies Rug Pull Accusations Introduction Cross-chain bridge Orbiter Finance has refuted rumors of a rug pull, citing a loss of access to their Discord account as the reason for delayed responses to the community. They assured that the project and user assets remain safe. Background On the evening
DeFi
Yield Protocol Announces Closure Introduction The fixed-rate lending protocol, Yield Protocol, has announced its decision to cease operations due to the challenging economic environment and increasing regulatory pressures in various countries. We’ve made the tough decision to wind down the Yield Protocol. The March 2024 fixed rate series will
DeFi
Overview Following a series of high-profile cyberattacks, on-chain data reveals that in the past four months, over 50% of the stolen ETH has been converted to Bitcoin through THORSwap Router on the THORChain network. Detailed Analysis According to an analysis by @tayvano_ on X (formerly Twitter), hackers from Russia/CIS
DeFi
Ethereum co-founder Vitalik Buterin has shared a new blog post addressing the centralization issues in liquid staking protocols. He emphasizes the need for integrating these protocols directly into Ethereum's source code, a concept referred to as "enshrining." Key Highlights from Buterin's Blog: 1. Integration
DeFi
Arbitrum DAO has recently approved a proposal to establish a short-term incentive program to support the most active projects in the Arbitrum ecosystem by allocating 50 million ARB tokens (worth approximately $41 million). Key Points * Proposal Details: More than 65% of ARB token holders voted to allocate 50 million ARB
DeFi
Introduction Decentralized derivatives exchange GMX has rewarded a $1 million bug bounty to Collider's research team for identifying a significant flaw in the platform. This bug was related to the debt-tracking mechanism, affecting the token pricing displayed to liquidity providers in GMX V1. The issue, discovered in 2022,
DeFi
Jade Protocol, an early-stage crypto investment DAO, is facing the possibility of dissolution and the distribution of its $31 million treasury to investors. Key Points * Proposal for Dissolution: On September 25, a member named VampireOfCrypto proposed the dissolution of the Jade Protocol DAO. The proposal cited a darkening regulatory environment
DeFi
Latest Update as of 27/09/2023: According to Lookonchain, as of the afternoon of September 27, Curve Finance founder Michael Egorov has fully repaid his debt on Aave. In the past two days, Egorov deposited 68 million CRV (worth $35.5 million) into Silo Finance as collateral, subsequently borrowing
DeFi
Introduction Mixin Network, a cross-chain project that recently reported an exploit threatening losses of up to $200 million, has sent an on-chain message to the attacker, proposing a $20 million bug bounty if they return the stolen funds. Key Points * On-Chain Message to Attacker: Mixin Network has sent a message