Defi protocols Financial News

14.05 / 03:45

Extreme Platform Oracle Luna defi protocols Lost Chainlink: How a ‘price discrepancy’ resulted in millions lost from DeFi protocols

Terra’s total value locked suffered a major fall, losing as much as $14 billion, amid the de-pegging fiasco resulting in reduced DeFi investor interest and a bearish market. The protocol lost around 78% in TVL since the first quarter of 2022. De-pegging ofUST, the protocol’s stablecoins made the situation worse.

13.05 / 12:11

Blockchain defi Liquidity lending defi protocols Exploit DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy

The seemingly endless freefall of Terra (LUNA) affected two decentralized finance (DeFi) protocols due to a price discrepancy, as the Chainlink price feed for LUNA gets suspended over extreme market conditions.

12.05 / 00:33

markets Ethereum Stablecoin Bitcoin defi protocols Terra contagion leads to 80%+ decline in DeFi protocols associated with UST

The knock-on effect of the collapse of Terra (LUNA) and its TerraUSD (UST) stablecoin have spread wide across the cryptocurrency market on May 11 as projects with any kind of association with the DeFi ecosystem have seen their prices hammered.

11.05 / 06:51

defi Apple applications DApp defi protocols dYdX releases an app: Why haven't more DeFi protocols followed suit?

Crypto derivatives trading platform dYdX has officially launched an app via Apple’s iOS store, joining just a select number of fellow decentralized finance (DeFi) protocols that have built apps for smartphone adoption.

06.05 / 23:41

defi hacks Europe defi protocols Lost Finance Redefined: DeFi protocols lost $1.6B, EU to rethink DeFi approach and more

The past week in the decentralized finance (DeFi) ecosystem saw many new developments from an adoption perspective and protocol developments. The European Commission added a new chapter on DeFi, showing the growing impact of the nascent ecosystem, while a county in the United States State of Virginia wants to put its pension fund in a DeFi yield.

13.04 / 21:31

markets Blockchain Ethereum defi defi protocols Multi-chain, stocks and stablecoin-focused DeFi protocols are showing signs of strength

The cryptocurrency market has far faced an uphill battle for the larger part of 2022 due to global economic headwinds on multiple fronts, along with supply chain constraints, blistering inflation and the ongoing war in Ukraine.

16.03 / 15:49

Platform defi protocols How these two DeFi protocols fell prey to $11 million ‘reentrancy attack’

On 15 March, an attacker siphoned over $11 million from two DeFi platforms, Agave and Hundred Finance. It appeared to be a flash loan ‘reentrancy attack’ on both protocols on the Gnosis chain as per investigation. Likewise, the platforms halted their contracts to forestall further damage.

16.03 / 08:43

Blockchain Ethereum defi Hackers defi protocols ‘Unlucky’: Agave and Hundred Finance DeFi protocols exploited for $11M

A hacker has made off with approximately $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI after using a “re-entrancy” attack on DeFi lending protocol applications Agave and Hundred Finance.

05.02 / 21:15

Blockchain Ethereum Adoption Bitcoin defi protocols Easy-to-use DeFi protocols will become the new gatekeepers to crypto

It has arguably never been easier to participate in the crypto ecosystem. After centralized exchange powerhouse Coinbase recently began allowing its users to deposit part of their fiat paychecks into the exchange in the form of crypto, more people are beginning to realize the potential of the industry and participate in this ever-growing ecosystem.

29.01 / 00:41

Lowe's Platform Pool defi protocols Use of DeFi Protocols for Money Laundering Grew in 2021

Decentralized Finance (DeFi) protocols are fast becoming an alternate channel for money laundering, according to a new report by crypto forensics firm Chainalysis.Illicit wallets sent 17% of all their funds through DeFi protocols in 2021, an increase of 1,964% from 2020 levels, the report states.

13.01 / 15:29

Blockchain defi solana defi protocols Solana-based platform provides higher APY for investors with DeFi protocols for leveraged yield farming

Many have recognized that on the path to achieving real and long-lasting financial freedom is earning passive income, a way to make an investor's wealth work for them. The key is that as soon as an income stream can supplement your income, users can retire earlier and have more time to explore their passions.

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