DeFi
Following the dramatic events of the past week, Curve Finance finds itself in a precarious situation with recent developments adding to the AMM platform's challenges. Hacker Dominates 3pool Liquidity: * Key Issue: The hacker responsible for the Wintermute breach now controls over 51% of the 3pool liquidity on Curve
DeFi
Rune Christensen, the founder of MakerDAO, has announced an airdrop for the lending protocol Spark Protocol, proposing the distribution of 2 billion Spark (SPK) tokens over 10 years. SPK Token Airdrop Plan: * Objective: The proposal aims to incentivize long-term user participation in Spark Protocol through a "pre-farming airdrop"
DeFi
In its latest blog post, Binance Labs announced a strategic investment of $5 million in Curve Finance’s CRV token, while also supporting the project’s development on the BNB Chain. Investment Announcement: * Details: Binance Labs shared the news via its official Twitter account on the evening of 10/08.
DeFi
The decentralized exchange (DEX) PancakeSwap has officially expanded its operations to Arbitrum One, marking the sixth blockchain integration following zkSync Era in July 2023. Key Integration: * Announcement: On the evening of 10/08/2023, PancakeSwap announced its successful deployment on Arbitrum One, a leading Ethereum Layer 2 solution. * Strategic Vision:
DeFi
Coinbase Ventures, the investment arm of the cryptocurrency exchange Coinbase, has strategically invested in the liquid staking protocol Rocket Pool (RPL). Key Details: * Investment Announcement: The announcement was made on the evening of 10/08. Coinbase Ventures did not disclose the specific amount of RPL tokens purchased. * Previous Investment: This
DeFi
Uniswap v3 has been integrated into Coinbase's layer-2 solution, Base. Uniswap's Integration with Layer-2 Base After nearly three months of proposals, Uniswap, the largest decentralized exchange on Ethereum, has been integrated into Base, allowing users to trade tokens on this layer-2 solution. What are you swapping
DeFi
After two days of implementing the 8% interest rate, the MakerDAO - DAI community has proposed new adjustments to adapt to the current market conditions. New Proposal "Adjustment GOV12.1.2" In the new proposal titled "Adjustment GOV12.1.2," founder Rune Christensen highlighted the positive
DeFi
On August 8, 2023, Sunil Srivatsa, the founder of Saddle Finance, announced that the Ethereum-based AMM protocol will cease operations and begin distributing tokens back to investors. This decision aims to safeguard investor assets following the shocking hack of Curve Finance. Liquidation and Token Distribution Process Saddle Finance will liquidate
DeFi
The Fantom ecosystem is facing severe setbacks, with SpiritSwap, its leading AMM, announcing its shutdown due to the repercussions from Multichain's collapse. Key Points: * Shutdown Announcement: SpiritSwap will cease operations on 01/09/2023 unless a new team takes over. Users are advised to withdraw liquidity before this
DeFi
After more than half a month of discussions, Mantle DAO has officially approved the proposal to convert Treasury assets to stETH. Mantle's Proposal to Convert Treasury to stETH The proposal, titled MIP-25, was drafted by Cateatpeanut, a core team member of Mantle. Big news: @0xMantle x @LidoFinance proposal
DeFi
The contracts of the Cypher protocol have been frozen while the project team attempts to negotiate with the hacker to recover the stolen funds. Cypher DEX on Solana Hacked In the early hours of August 08 (Vietnam time), the decentralized exchange Cypher on Solana was hacked, resulting in the loss
DeFi
The largest staking service provider has surpassed the $15 billion Total Value Locked (TVL) milestone, the highest since May 2022. Lido Finance Hits ATH TVL Lido Finance, one of the most popular Liquid Staking platforms on Ethereum, has seen over 10,000 participants in the protocol, helping push the TVL