DeFi
Layer-2 solution Arbitrum has approved a proposal to implement Account Abstraction (also known as Abstract Account). This move is expected to lay the foundation for enhanced user interface utilities within its ecosystem. The AIP-2 Proposal The latest proposal, designated as AIP-2, aims to establish an endpoint gateway to integrate the
DeFi
Conic Finance, a liquidity pool platform for the Curve protocol, was attacked on July 21, resulting in the loss of 1,700 ETH. Conic Finance Omnipool Platform Hacked According to security experts at BlockSec, the DeFi protocol Conic Finance was attacked by an unidentified hacker on the evening of July
DeFi
After three months of deployment, crvUSD, the stablecoin developed by Curve Finance, has officially reached a market capitalization of $100 million. According to data from Curve Finance’s website, the current supply of crvUSD fluctuates around $110 million. Kudos to LLAMA 🐑 Total circulation of @CurveFinance $crvUSD reached 100M+ pic.twitter.
DeFi
Ethereum's layer-2 solution Starknet has launched "Appchains," a toolkit designed to help developers build sub-blockchains within its ecosystem. What Are Appchains? Announced on the evening of 19/07, Starknet introduced the "Appchains" framework, enabling developers to deploy custom blockchains on this layer-2 solution using
DeFi
The leading oracle solution Chainlink has officially launched its Cross-Chain Interoperability Protocol (CCIP) on mainnet, initially available on Avalanche, Ethereum, Optimism, and Polygon networks. Chainlink Unveils CCIP Mainnet for Cross-Chain Interaction On July 17, Chainlink announced the deployment of its Cross-Chain Interoperability Protocol (CCIP) on the mainnet, starting with Avalanche,
DeFi
The outstanding debt on the DeFi lending protocol Compound on Ethereum has surpassed the $1 billion mark, reaching the highest unpaid debt level in over a year. Compound's Unpaid Debt Exceeds $1 Billion According to data from The Block, Compound, one of the leading lending protocols on Ethereum,
DeFi
Blockchain security firm PeckShield reports that the DeFi sector witnessed 386 attacks in the first half of 2023, resulting in a total loss of $479 million. #PeckShieldAlert In H1 2023, there are 395+ major hacks (386 DeFi related) in Web3 space, leading to ~$479.4m loss. Among these hacks, top
DeFi
The DeFi project on the Fantom network, Hector Network, has voted to cease operations and return all remaining funds to HEC token holders. Dear Hectorians, HIP 42 has concluded with a majority vote (83.31%) in favour of the liquidation of Hector Network and redemption of the $HEC token against
DeFi
Hayden Adams, the founder of Uniswap, has unveiled a new open-source protocol named UniswapX. This solution aims to aggregate liquidity from various decentralized trading pools. Uniswap Launches UniswapX UniswapX is designed to provide users with optimal exchange rates by integrating liquidity from multiple sources. According to Uniswap Labs, this Aggregator
DeFi
The Aave protocol has officially launched its stablecoin, GHO, on the Ethereum mainnet following a period of community voting. Stablecoin GHO Officially Launched on Mainnet Previously, in February 2023, the Aave team conducted tests with the GHO stablecoin on the Goerli testnet. With GHO now live on the mainnet, Aave
DeFi
After an extensive period of network testing, the Layer-2 solution Base has officially launched its mainnet. Source: Base Twitter Base's Twitter account announced that the mainnet would now be available for developers, enabling projects to start building their products on this platform. Since our testnet launch, we’ve
DeFi
Multichain, the prominent cross-chain protocol, has officially announced that its CEO, Zhaojun, has been arrested by Chinese authorities. Source: Coin68 Twitter According to Multichain, the police have confiscated Zhaojun's computers, phones, hardware wallets, and access codes. Despite the project's reliance on a multi-signature key protection mechanism,