First Mover Americas: Fantom Surges 20% as Sparkster Questions Fly
The latest moves in crypto markets in context for May 23,2022. Original Source
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Fantom
Fantom Stablecoin DEI Becomes Latest to Lose Dollar Peg
DEI lost as much as 46 cents in European hours this morning. It follows a trend of several algorithmic stablecoins losing their pegs. Original Source
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How Deus Finance Was Exploited for $13.4M on Fantom
On the other end, liquidity pools, such as the USDC and DEI pool on Deus, rely on so-called oracles to ensure they are correctly priced at all times and any borrowing is within limits that don’t exceed the total value of those pools. Oracles are blockchain-based tools that provide smart
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Frax, Terra-Backed 4pool Goes Live on Fantom Network, Attracts $31M
Frax is working on supporting Fantom projects interested in joining the yield pool, its founder confirmed. Source
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DEX Aggregator 1inch Expands to Fantom Network
The integration will allow traders to source best execution across Curve, Saddle, SushiSwap and other crypto trading venues in Fantom’s cheap, Ethereum-compatible ecosystem. 1inch Network co-founder Sergej Kunz said in a press statement this means more efficient transactions and higher liquidity for users of 1inch’s aggregation and limit order protocol. Source
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Custom NFT Marketplace Creaticles ($CRE8) Announces Fantom Integration as Part of Multi-Chain Expansion – Press release Bitcoin News
press release PRESS RELEASE. Boston, 6 April 2022 – Creaticles ($CRE8), the world’s first NFT Requests Marketplace matching NFT buyers to its roster of verified global artists, has today announced a collaboration with Fantom Foundation. The integration on Fantom, one of the fastest growing layer-1 blockchain platforms, represents the first
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Fantom Announces 335M Incentive In FTM, Price Reacts To The Upside
The Fantom Foundation announced an extension of its Incentive Program. The initiative was successful, it received 100 applications to support the ecosystem and disbursed 35 million FTM. Thus, the organization is ready to increase it by ten-fold. Related Reading | Why Fantom Fell 22% Following Key Personnel Exit This extension will disburse
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Fantom FTM Rises 10% on Upcoming Protocol Upgrades
"This technology can potentially help process transactions faster with much smaller memory consumption, thereby improving the network performance," The Fantom Foundation wrote in a Wednesday blog post. Further, while the Ethereum blockchain requires multiple block confirmations to ensure transactions are secure, Fantom only requires one confirmation, according to the foundation. Source
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Derivatives Platform Deus Finance Exploited for $3M on Fantom Network
Hackers manipulated a pricing mechanism to trick the protocol in a “flash loan” attack, the security firm said. Original Source
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Fantom Foundation issues clarification statement about departure of Andre Cronje and Anton Nell
Recently, media outlet Rekt.news made striking accusations about Fantom Opera, a layer-2 Ethereum scaling solution, after the foundation’s technical adviser Andre Cronje and senior solutions architect Anton Nell announced they were leaving the crypto space entirely. Almost immediately, concerns from the community arose after Nell tweeted, “There are around ~25 apps and services
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