DeFi
Overview A single individual has been discovered creating nearly 22,000 zkSync wallets to "hunt airdrops," raising suspicions within the crypto community about the identity and methods of the owner. Discovery and Method On September 11, 2023, the Twitter account @lingland09 exposed a cluster of 21,877 zkSync
DeFi
Key Announcement Infura, a critical infrastructure protocol for Ethereum, has announced plans to decentralize its operations starting from late 2023. This move aims to enhance the reliability and security of the service by distributing control and minimizing the risks associated with centralized management. Transition to Decentralization Currently managed solely by
DeFi
Key Developments MakerDAO, a pioneering project in integrating traditional assets into the blockchain space, has recently made significant strides in the Real World Assets (RWAs) market. According to the latest data from MakerBurn, $50 million worth of RWAs have been added to the collateral backing DAI, facilitated through BlockTower Andromeda
DeFi
Incident Overview In the early hours of September 7, 2023, a whale wallet with the address 0x13e3 lost $24.23 million due to a phishing attack. The victim's funds were drained during transactions involving stETH and rETH, possibly after clicking on a phishing link. Transaction Details According to
DeFi
Incident Overview Base, the layer-2 solution from Coinbase, halted transaction processing for over 45 minutes on the evening of September 5, 2023. Details of the Incident In the early hours of September 6, 2023 (Vietnam time), crypto users noticed that no new blocks were confirmed on Base for nearly an
DeFi
The crypto community is buzzing about unusual transactions involving the SYN token from the cross-chain bridge Synapse. Nima Capital Accused of Dumping SYN On the morning of September 5th, several members of the crypto community on X (formerly Twitter) noticed two transactions that sold 9 million Synapse (SYN) through the
DeFi
Frax Finance has recently put forward a proposal to introduce sFRAX, aiming to actualize its vision for Real World Assets (RWAs). This comes after their initial approach towards RWAs was revealed last month. Background In August 2023, Frax Finance announced a proposal to establish off-chain custodial units to support specific
DeFi
The risks associated with deploying smart contracts have always been a pressing issue for DeFi and layer-2 solutions. This is a problem that the founder of zkSync is keen to address. Founder of zkSync Proposes On-Chain Court On the evening of September 2nd, Alex Glochowski, founder of zkSync, introduced a
DeFi
Controversy Erupts After Starknet's Latest Update Following the Quantum Leap updates, while improving transaction processing speeds, the Starknet network has inadvertently found itself embroiled in controversies related to "locking users' assets." Incident Overview On the evening of August 30th, several Twitter accounts criticized the layer-2
DeFi
A class action lawsuit accusing Uniswap of facilitating fraudulent tokens has been dismissed by the court, with the final ruling stating that the DEX is not legally responsible for activities occurring within the protocol. Background of the Lawsuit Filed in April last year, the lawsuit, led by trader Nessa Risley
DeFi
On August 23, 2023, Pendle Finance (PENDLE) officially entered the Real World Asset (RWA) race, introducing a highly promising narrative for the near future. Both Pendle's RWA and Fixed Yield products now support sDAI from Spark Protocol and fUSDC from Flux Finance. Babe wake up, new Pendle RWA
DeFi
Aerodrome DEX Boosts Layer-2 Base TVL by 60% in One Day The liquidity reward program on Aerodrome has attracted $160 million in liquidity to the layer-2 Base network. According to data from DefiLlama, the total value locked (TVL) on the Base layer-2 network has surged by over 60% in the