DeFi
Trader Joe, the largest DEX on Avalanche, has recently submitted a funding proposal worth $1.83 million in ARB to Arbitrum DAO. The proposal outlines the allocation of the grant for the following purposes: * Supporting Arbitrum developers * Supporting multi-chain developers compatible with Arbitrum * Attracting new developers to the Arbitrum ecosystem
DeFi
CRV Price Pump: Whale Accumulation On 13/09, the price of CRV fell below $0.4, reaching $0.38, a level lower than the OTC price at which founder Michael Egorov sold to maintain his loan positions. This led investors to fear a potential sell-off by the funds that purchased
DeFi
Mixin Hacked, Losses Estimated at $200 Million Update as of the afternoon of 25/09/2023: In a recent AMA, Mixin founder Feng Xiaodong stated: "Regardless of whether your assets are Bitcoin or Ethereum, we guarantee that half of them are not affected by the hack. We are trying
DeFi
Summary Linear Finance, a DeFi protocol from Hong Kong, experienced a significant hack on the evening of 21/09, resulting in the depletion of its stablecoin Linear USD (ℓUSD) liquidity on PancakeSwap and Ascendex. This incident caused ℓUSD to depeg heavily. The Attack The attacker managed to mint an unlimited
DeFi
Overview Layer-2 Base has launched Pessimism, a security monitoring system designed to enhance security within the Optimism ecosystem. Introduction to Pessimism As part of its decentralization efforts, layer-2 Base has introduced Pessimism, an open-source monitoring system aimed at bolstering security across the Optimism ecosystem. Pessimism is engineered to detect protocol
DeFi
The Growing Competition in the Stablecoin Market In the last three months, especially after the Shanghai upgrade and the boom of Liquid Staking, the battle among stablecoins has become a hot topic in the market with significant changes. Despite enjoying stable yields from ETH, the scalability of decentralized stablecoins still
DeFi
Overview Daniele Sestagalli, the notable figure behind the prominent DeFi 2.0 projects of 2021, has re-emerged with WAGMI, a revamped version of the previously known Popsicle Finance (ICE). Historical Background Daniele Sestagalli gained fame in the DeFi community during the mid to late 2021 DeFi 2.0 wave. He
DeFi
Overview GroDAO, a revenue aggregator platform, has voted to dissolve due to market difficulties, poor performance, and the departure of key team members. Proposal Approval The proposal to dissolve the GroDAO protocol received 70.95% approval from its community, offering stakeholders a clear exit strategy. The proposal included maintaining GrodaPod
DeFi
Overview Fuji Finance, a cross-chain liquidity aggregation platform, has declared the cessation of its development due to the ongoing bearish market conditions. Shutdown Announcement After two and a half years of operation, Fuji Finance has decided to cease its activities. The primary reason cited by the team is the inability
DeFi
Overview Balancer, a popular DeFi protocol on Ethereum, suffered a front-end attack that tricked users into sending funds to the hacker's address. Attack Details On the morning of 20/09, Balancer's official X (Twitter) account issued a warning that the project's website front-end had
DeFi
Overview The Curve (CRV) token has dropped to the OTC (over-the-counter) price of $0.4 USD amidst the market downturn, the same price at which the founder, Michael Egorov, sold tokens to maintain his loan positions in August. Recent Update On the afternoon of 13/09/2023, CRV's
DeFi
Overview SushiSwap, the well-known decentralized exchange (DEX), will soon deploy its platform on the Aptos blockchain, marking its first integration with a non-EVM (Ethereum Virtual Machine) compatible blockchain. Announcement and Significance SushiSwap V2 will soon be available on the Aptos network, as announced in their latest update. This move is