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If you have a look at the altcoin's daily market cap chart, the bottom of the left shoulder, $188.4 billion, was created in June 2022, the low of the head, $173.23 billion, was made at the end of December, and the bottom of the right shoulder at $177.36 billion appeared
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DeFi’s lego bricks lock together in complicated ways, and the Balancer situation offers another example. It has already gotten the green-light from three other protocols: TempleDAO, which will loan Balancer specialty stablecoins that it needs to conduct the arbitrage; Euler, who patched the smart contract; and Inverse, which wants its
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The latest price moves in bitcoin ($BTC) and crypto markets in context for July 12, 2022. Original Source
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On Wednesday, the U.S. Labor Department is scheduled to release June's consumer price index figure. The data is likely to show the cost of living rose 1.1% month-on-month, bringing the annualized figure to a new four-decade high of 8.8%. The CPI stood at 8.6% in May. The core inflation, which
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Bitcoin (BTC) has been moving in the opposite direction of the U.S. dollar since the beginning of 2022 — and now that inverse relationship is more extreme than ever.Bitcoin and the dollar go in opposite waysNotably, the weekly correlation coefficient between BTC and the dollar dropped to 0.77 below zero
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Blockchain data apparently shows the exploiters flash borrowed over 27,000 wrapped bitcoin from lending protocol Aave to conduct the attack. The funds were routed through swap service Curve for various stablecoins before being used to remove DOLA, a stablecoin, from Inverse Finance pools. Source
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It is the third multi-million dollar crypto attack to make headlines in recent days Source
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Inverse Finance allows users to get token loans by supplying tokens to the protocol as collateral. The newly-launched floki pool has a collateral factor of 50% as of Wednesday, which means users can take 50% of the value of their staked floki inu tokens in the form of DOLA, a
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Bitcoin was trading north of the $40,000 levels, as it managed to break above key resistance. The first cryptocurrency by market cap sits at $45,044, at the time of writing, with small losses after a strong rally pushed it high from the lows at $30,000. BTC with minor losses in the
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Shortly after culling its community of inactive members, one of decentralized finance’s (DeFi) strangest experiments is launching a new stablecoin lending product.On Wednesday Inverse Finance revealed the Anchor Protocol, a money market built around DOLA, a protocol-native synthetic stablecoin. Based on “a modified fork of Compound,” in a blog post
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