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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi saw developers behind Base and Optimism protocols join hands to develop a revenue and governance sharing framework. The
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Magnate Finance, a lending and borrowing platform on Coinbase’s layer-2 protocol, Base, has rug-pulled its users of $6.5 million hours after on-chain sleuths like ZachXBT warned about the possibility of an exit scam due to several actions of the founders of the project.Earlier on Aug. 25, the Magnate Finance protocol
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase’s Base L2 network faces a new setback as Magnate Finance orchestrates a $6.5 million exit scam using price oracle manipulation. On Aug. 25, ZachXBT, an on-chain analyst and crypto expert, sent out a community alert through
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Base, Coinbase’s new layer-2 blockchain network, was built to enhance Ethereum’s capacity for decentralized applications, improve user interfaces, and reduce transaction costs. Let’s explore how it works, its implications, and its challenges. On Aug. 9, Coinbase, a leading player in the cryptocurrency market, launched its Base layer-2 blockchain network. Far from a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied 1inch Network is integrating its decentralized exchange (DEX) aggregation protocol on Ethereum’s layer-2 solution, Base. The decentralized finance (defi) protocol said the goal is to tap liquidity from leading DEXs, including Uniswap, Balancer, SushiSwap, and Base
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Decentralized exchange (DEX) aggregator 1inch Network has announced the expansion of its operations to Coinbase’s Ethereum layer 2 (L2) network, Base. 1inch’s Aggregation
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Developers behind the Base and Optimism networks have jointly announced a revenue-sharing and governance-sharing agreement. Coinbase, the parent company of Base, has also published a list of “principles of neutrality” it will follow to prevent Base from becoming centralized. This announcement was made through three separate blog posts on Aug.
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Base, the layer 2 blockchain backed by Coinbase (COIN), averaged a record high of 15.88 transactions per second (TPS) over the past 24-hours, beating Ethereum and rival layer 2 blockchains Arbitrum and Optimism Source
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Base, Coinbase’s new layer 2, has been fully operational for a week and has already seen an influx of bad actors. In the latest incident, crypto lender SwirlLend, formerly active on Base and Linea, has apparently carried out an exit scam, otherwise known as a rug pull. PeckShield reported in a
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