DeFi
Kain Warwick, the founder of the derivatives protocol Synthetix, has unveiled Infinex, a decentralized trading platform focused on perpetual futures contracts. Source: Synthetix Twitter With this move, Warwick aims to position the project to compete with centralized exchanges like Binance, which handle daily trading volumes in the billions of dollars.
DeFi
The US Department of Justice (DOJ) has charged Shakeeb Ahmed with stealing $9 million from a Solana-based decentralized exchange (DEX) using a common flash loan method. Details of the Case On July 11, the DOJ ordered the arrest of Shakeeb Ahmed, a security engineer, for fraud and money laundering. Ahmed
DeFi
Starknet has just deployed the Quantum Leap V12.0 upgrade on its mainnet. This update is expected to significantly enhance the network's processing speed in the coming period. Source: Starknet Twitter The upgrade was announced by the Starknet team on their Twitter account, following about a week of
DeFi
Algofi, the leading DeFi project on Algorand, which accounts for 55% of the total value locked (TVL) on the network, has announced its closure due to declining activity. Algofi Ceases Operations According to an announcement posted on 10/07, Algofi, the largest DeFi protocol on the layer-1 blockchain Algorand, declared
DeFi
Blockchain infrastructure development company ConsenSys is set to launch the alpha version of its layer-2 solution, Linea, on the Ethereum mainnet. Linea Layer-2 Mainnet Deployment Linea, a zkEVM layer-2 solution developed by ConsenSys—the team behind MetaMask—has now been deployed on Ethereum and is preparing to open for global
DeFi
Uniswap Foundation has recently shared the latest details in its roadmap to launch the V4 version of its decentralized exchange (DEX). Launching Uniswap V4 Erin Koen, a representative of Uniswap Foundation, emphasized that the project aims to deploy V4 within this year. With the anticipated successful upgrade of Ethereum'
DeFi
Another DeFi project has chosen a "centralized" approach in its legal and operational structure. The latest name to take this route is Abracadabra, the developer behind the stablecoin MIM and the token SPELL. Abracadabra's Centralization Move In a forum post, the project has called on Abracadabra
DeFi
Decentralized exchange (DEX) PancakeSwap has officially integrated with the Polygon zkEVM blockchain, marking its fourth integration after BNB Chain, Ethereum, and Aptos. PancakeSwap Launches on Polygon zkEVM According to an announcement made on the evening of 29/06, PancakeSwap has been deployed on Polygon zkEVM. This integration is part of
DeFi
Decentralized exchange (DEX) dYdX has set the date for launching the public testnet for its Cosmos-based blockchain, the dYdX Chain, on July 6, 2023. According to the announcement, the decentralized exchange dYdX will launch its public testnet before midnight (00:00 AM) on July 6, 2023 (Vietnam time). We are
DeFi
According to the latest report from the Bank for International Settlements (BIS), products from decentralized finance (DeFi) protocols could potentially support the multi-trillion-dollar foreign exchange market in the future. Research units from BIS, Banque de France, the Monetary Authority of Singapore, and the Swiss National Bank are exploring how blockchain
DeFi
The Lido Finance community is abuzz with discussions following a new proposal regarding the protocol's revenue sharing mechanism. Lido Proposes Revenue Sharing Based on Stake Tiers On June 15, a user named frontalpha published a proposal titled "Revenue Sharing Based on Stake Tiers." This proposal suggests
DeFi
On the evening of June 20th, another co-founder of Flashbots, a project within the Ethereum MEV (Maximal Extractable Value) space, announced their departure. Departure Announcement In a tweet on his personal Twitter account, Alex Obadia shared his decision to leave Flashbots. "After nearly 3 years of contributing and building