DeFi
Following the listing of PENDLE, Binance has announced a strategic investment in Pendle Finance. Investment Announcement: * Date: The announcement was made on the evening of 23/08. * Investment Details: Binance Labs, the investment arm of Binance, has made a strategic investment in Pendle Finance, a protocol designed to optimize yield
DeFi
After a period of experimentation and encountering some challenges, the MakerDAO community has officially adjusted the Enhanced DAI Savings Rate (EDSR) from 8% to 5%. Key Changes: * Interest Rate Adjustment: In a previous forum post, founder Rune Christensen discussed the limitations of the "Push DAI EDSR to 8%"
DeFi
Cross-chain bridge Connext has announced the release of its NEXT token on 05/09, following a delay of more than a year from the original plan. The project will airdrop tokens to users across ecosystems such as Polygon, Arbitrum, Optimism, and Gnosis Chain. Key Details: * Token Launch: NEXT token will
DeFi
Compound has officially integrated with layer-2 network Base, using ETH and cbETH as collateral assets. Integration Details: * Lending Platform: Compound, a leading DeFi lending platform, is now available on Base, a layer-2 network developed by Coinbase. * Collateral Assets: Users can use Ethereum (ETH) and Coinbase's staked ETH (cbETH)
DeFi
On August 13, Wintermute announced a proposal to borrow YFI from Yearn Finance’s reserve fund. This proposal quickly garnered attention and sparked a debate within the DeFi community. Wintermute's Proposal Details: * Proposal: Titled "YFI Loan and CRV Plan by Wintermute," the proposal includes: * A loan
DeFi
Following the LeetSwap incident, RocketSwap on Base has now fallen victim to a hack, with the extent of the damage still unknown. Incident Details: * Attack Confirmation: This morning (15/8), it was confirmed that the token swapping platform RocketSwap was hacked on Base. The hacker used a Brute Force method,
DeFi
The zStables pool (ZUSD, ZETH) of Zunami Protocol has been attacked on Curve, with estimated losses of around $2.1 million. Attack Details: * Confirmation: Zunami Protocol confirmed that its zStables pool on Curve Finance was compromised. Security firm PeckShield first reported the attack, estimating that over $2.1 million was
DeFi
A Uniswap developer has been terminated after being caught inappropriately "rug pulling" 14 ETH on the layer-2 Base network. Incident Overview: * Event: On 12/08, the crypto community on Twitter reported that a developer working for Uniswap, a leading DEX on Ethereum, had conducted a rug pull involving
DeFi
Liquid staking derivatives (LSDfi) are becoming increasingly important in the overall DeFi landscape, and Binance has decided to join this trend by investing in Helio Protocol. Key Investment: * Investment Amount: Binance Labs has invested $10 million into Helio Protocol, positioning it as a leading platform in the liquid staking sector.
DeFi
Following Binance Labs' $5 million investment, Aave has joined the "rescue squad" by deciding to purchase $2 million worth of CRV tokens over-the-counter (OTC). Key Details: * Proposal Approval: Aave has executed proposal AIP-289, exchanging 2 million USDT for 2 million USD worth of aCRV from Curve founder
DeFi
DeBank, a popular on-chain data analytics platform, has announced the launch of its own layer-2 solution on Ethereum, named DeBank Chain, utilizing the OP Stack technology from Optimism. Key Features: * Layer-2 Solution: DeBank Chain is designed to serve as an asset layer for the emerging Web3 social network trend. * Testnet
DeFi
Hundred Finance, the multi-chain lending protocol, has officially ceased operations nearly four months after suffering a significant hack. Incident Overview: * Hack Details: As previously reported by Coin68, Hundred Finance was attacked on April 15th, resulting in a loss of $7.4 million. The hack was attributed to a manipulative action