Defi Financial News

20.12 / 15:17

Blockchain defi Hackers hacks Projects would rather get hacked than pay bounties, Web3 developer claims

As hacks and exploits continue to go rampant within the crypto industry, the importance of finding vulnerabilities to prevent potential losses becomes of utmost importance. However, a Web3 developer highlighted that it’s not rewarding to do so.

17.12 / 15:09

Hack defi solana This Solana-Based Decentralized Exchange Was Just Exploited – Here’s What Happened

Raydium, one of the largest decentralized exchanges (DEXes) on the Solana blockchain, has been exploited to the tune of over $2 million.

16.12 / 19:07

business Blockchain defi hacks Raydium is attacked, loses $2 million

Solana DeFi protocol Raydium has suffered an exploit, according to a statement from the developer. An initial investigation by the team has revealed that the attacker has taken over the exchange’s owner account. The team says that “authority” over the automated market maker and farm programs have been paused, “for now.”

16.12 / 17:41

Adoption defi education Global DeFi adoption happening soon: Interview with UNO.farm founder Roman Vinogradov

Decentralized finance continues to grow and develop despite the winterly winds blowing through the crypto space. As more and more users are turning to this sector for their investments, especially after the colossal events surrounding some of the biggest centralized exchanges lately, it is interesting to see what the future holds for DeFi.

15.12 / 17:35

Blockchain Technology defi Blockchain indexer The Graph says adoption is still strong two years after mainnet launch

According to data provided to Cointelegraph on Dec. 15, network growth still appears to be strong for blockchain indexer The Graph (GRT). Launched two years ago, The Graph Network allows developers to easily search, index, use and publish data from public blockchains.

15.12 / 02:53

defi lending Upgrade Maple Finance 2.0 overhaul aimed at speeding up the defaulting process

Maple Finance is a decentralized credit market powered by blockchain technology. Instead of requiring overcollaterlization of loans, it instead allows managers, called “Pool Delegates” to issue loans from its lending pools based on a set of risk-management criteria, according to the protocol’s documents.

14.12 / 17:51

Blockchain defi DEX Uniswap As DEXs struggle, new approaches kindle hope

In May 2022, at the tail of the crypto bull market, economist Eswar Prasad wrote an op-ed for the Financial Times arguing that DeFi’s promise as a means of democratizing finance was a long way from being realized. In his words, “For all its promise in democratizing finance and broadening financial access, the emerging reality suggests a concentration of economic power, while the risks fall largely on those investors least able to handle them.”

13.12 / 23:29

markets defi DEX DApp Time Is DeFi back? GMX rallies toward all-time high and LOOKS price gains 30%

In a recent blog post, cryptocurrency legend and former BitMEX CEO Arthur Hayes mentioned he holds sizable bags of GMX and LOOKS tokens. According to Hayes, his main reasoning for investing in both tokens was their platform revenue and the potential of both assets to outperform standard treasury bills.

13.12 / 20:03

Adoption NFT defi identity MetaMask Institutional, Cobo and Gnosis DAO team up for soulbound token project

Soulbound tokens (SBTs) are becoming a mainstay in the Web3 space for users and projects to define themselves in digital reality.

13.12 / 20:03

Blockchain Technology defi Testnet zkEVM ConsenSys launches zkEVM private beta testnet

According to a new blog post on Dec. 13, Web 3.0 ecosystem developer ConsenSys unveiled its zero-knowledge Ethereum Virtual Machine (zkEVM) network for private beta testing. Designed and operated by ConsenSys, developers can deploy and manage decentralized applications using tools such as MetaMask, Truffle, and Infura as if they were using EVM directly. In addition, users can bridge assets between the Goerli testnet and the zkEVM to test their smart contracts and decentralized applications, or dApps.

13.12 / 17:39

defi wallet Ledger tracking Ledger hardware wallet adds DeFi tracking feature

Users and developers are seeking out ways to stay both safe and informed after a year of volatility and uncertainty. During this shift, the hardware wallet developer Ledger announced a new integration for users to track the value of their assets.

12.12 / 19:47

business Blockchain defi Congress Fried Sam us house services committee Financial Sam Bankman-Fried says he will testify before the US House Financial Services Committee remotely

Continuing his so-called apology tour, Sam Bankman-Fried appeared on a Twitter Spaces chat with Unusual Whales and told nearly 60,000 listeners that he intends to testify at the United States House of Representatives Financial Services Committee remotely on Dec. 13. He was previously confirmed to appear in person.

12.12 / 18:55

Blockchain Technology defi DEX Lost SushiSwap CEO reveals DEX lost $30M on LP incentives this year

According to a new Twitter post by SushiSwap CEO Jared Grey, the decentralized exchange, or DEX, experienced a $30 million loss in the past 12 months on incentives for liquidity providers, or LPs. As explained by Grey, SushiSwap currently employs a token-based emission strategy to incentivize LPs, but the current rate is "unsustainable."

12.12 / 18:31

Blockchain defi Investments Exploit Hackers copied Mango Markets attacker's methods to exploit Lodestar: CertiK

According to a post-mortem analysis provided by CertiK of the $5.8 million Lodestar Finance exploit that occurred on Dec. 10,

12.12 / 17:43

Hack defi This DeFi Protocol Just Got Hacked for $6.9 Million – Here’s What Happened

Lodestar Finance, a DeFi protocol built on Ethereum’s Arbitrum network, lost $6.9m in an exploit over the weekend where an attacker was able to manipulate a price oracle.

12.12 / 14:31

Blockchain defi FTX transparency reserves Bybit joins trend, releases Merkle Tree-verified proof of reserves

The cryptocurrency exchange Bybit joins the parade of exchanges in the industry pushing for transparency post the FTX catastrophe.

11.12 / 18:53

defi Hackers hacks Altcoin Lodestar Finance exploited in flash loan attack

Arbitrum-based lending protocol Lodestar Finance was exploited in a flash loan attack on Dec. 10. According to Lodestar, the attacker manipulated the price of the plvGLP token before borrowing all platform liquidity using the inflated token.

10.12 / 14:19

Blockchain NFT defi Metaverse place Build, demolish, and trade NFTs in one place with Bluemoon Metaverse

The Metaverse as a concept exploded last year, especially after social media giant Facebook rebranded to Meta. And while there have been a number of different virtual world projects released, interoperability and integrations are still lacking. Generally, users are provided with a virtual reality that has already been shaped for them. Not only that, limitations regarding protocols, integrations and the use of NFTs are still dominating the Metaverse sector.

09.12 / 23:29

Ethereum defi Banks Financial US regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

09.12 / 15:29

Hack defi Relaunch Exploit Nomad Bridge Prepares Relaunch Plan After $190 Million Exploit – Partial Refunds for Users?

Cross-chain messaging protocol Nomad, which was exploited for $190 million back in August, is preparing to relaunch and provide partial refunds to affected users.

08.12 / 21:45

Blockchain Technology Ethereum defi Ethereum developers target March 2023 for Shanghai hard fork

According to a discussion at the 151st Ethereum Core Developers Meeting on Dec. 8, core programmers set a tentative deadline of March 2023 for the Shanghai hard fork. In addition, developers will aim for May or June 2023 to launch Ethereum Improvement Protocol (EIP) 4844 upgrade that will introduce proto-danksharding to the network.

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