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A team member for Lido has accused competitor Rocket Pool of being too centralized in a July 4 social media post. Both Lido and Rocket Pool are liquid staking protocols that allow users to delegate their cryptocurrency to validators and receive derivative tokens in exchange.According to the post from Lido's
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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.On June 15, an imbalance in Curve Finance’s 3pool led to a Tether (USDT) depeg scare as the stablecoin’s weightage in the pool
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Tether-issued USDT (USDT) stablecoin slightly deviated from its dollar peg value on June 15 due to an imbalance in the Curve 3pool. The price of USDT fell by 0.3% to around 0.997 as the USDT weightage in the curve 3pool increased to over 70% from the ideal 33.1%.Curve's 3pool is a
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Stargate, the LayerZero cross-chain bridge protocol, has responded to the recent “force majeure” incident impacting Multichain, as well as the stability concerns surrounding anyUSDC, Fantom's main USDC asset. To address these concerns and safeguard the ecosystem, Stargate has introduced a comprehensive proposal and initiated a single-choice voting system for risk mitigation
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While Fantom Foundation is still holding onto its MULTI, Nansen reports that other top holders have been sending Multichain’s governance token to exchanges, including one whale with 494,200 tokens ($2.75 million) as well as digital asset firm Hashkey Capital, whose position was worth $221,000 at the time. Source
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Several hours later, Dash Core developer Pasta tweeted that the devs had identified issues and were working on a fix. “There are two options we are investigating, and everyone is focused on promptly resolving this issue,” Pasta wrote, adding that the planned release of the latest Dash Core client update,
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Such contracts are often used in hedging strategies, but in the Solid World case they can bring certainty to carbon credit projects with long horizons. The liquidity pool will bring key funding to the mangrove projects "while providing structured inventory to distributors seeking to sell high-quality carbon credits," the press
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Atlendis Labs is a blockchain-based credit marketplace that offers revolving credit lines for small and medium-sized businesses and fintech firms. Original Source
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The version (v)3 concentrated liquidity pools will become available on popular chains, including Ethereum, Arbitrum and Polygon, BSC and Avalanche. The launch aims to expose liquidity providers to larger trading volumes and liquidity while reducing exposure to financial risks. The pools are designed to offer greater flexibility to traders, SushiSwap
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The new token based on “pepe the frog” meme remains one of the most researched tokens for users of blockchain analytics firm Nansen and price tracker CoinGecko. Source
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