What are open-source protocols, and how do they work?
Understanding open-source protocols
Read More
Protocols
9 protocols criticize LayerZero’s wstETH token, claiming it’s ‘proprietary’
A new bridged token from cross-chain protocol LayerZero is drawing criticism from nine protocols throughout the Ethereum ecosystem. A joint statement from Connext, Chainsafe, Sygma, LiFi, Socket, Hashi, Across, Celer and Router on Oct. 27 called the token’s standard “a vendor-locked proprietary standard,” claiming that it limits the freedom of
Read More
Ethereum Liquid Staking Protocols Hit New Milestone Following Massive Inflows
Ethereum liquid staking platforms are making waves in the decentralized finance (DeFi) ecosystem. Recent on-chain reports have revealed that liquid staking protocols
Read More
NEAR Protocol’s Daily Active Addresses Spike, Will Prices Follow?
In the past month, there have been more daily active addresses on the NEAR Protocol than in Ethereum and its layer-2 protocols,
Read More
DeFi group petitions to stop ‘patent troll’ targeting DeFi protocols
A decentralized finance (DeFi) advocacy body has petitioned the United States Patent and Trademark Office (USPTO) to review a patent owned by a company it has accused of being a a “patent troll” — a firm that aims to profit from patent lawsuits.In a Sept. 11 blog post, the DeFi
Read More
CFTC filed complaints against three defi protocols
The United States Commodity Futures Trading Commission (CFTC) has issued orders against three defi protocols for failing to register derivative trading offerings. The regulatory body has acted against the three decentralized finance (defi) protocols: Opyn, ZeroEx, and Deridex. The regulator claims they failed to register derivatives trading offerings. The CTFC ordered that
Read More
CTFC cracks down on DeFi protocols Opyn, ZeroEx and Deridex
The United States Commodity Futures Trading Commission (CFTC) is taking regulatory action against three decentralized finance protocols for allegedly failing to register various derivatives trading offerings.The U.S. commodities regulator announced that it issued orders against protocol Opyn, ZeroEx and Deridex in a Sept. 8 statement.Today @CFTC issued orders against operators
Read More
Quantstamp introduces tool to detect protocols’ flash loan attack vulnerability
Blockchain security provider Quantstamp has launched an automated service to detect flash loan attack vectors in smart contracts. The new service is being called Economic Exploit Analysis and is based on research done at the University of Toronto. Economic Exploit Analysis will be available to protocols, whether they have been
Read More
DeFi protocols Exactly, Harbor hacked in separate attacks
Decentralized finance (DeFi) protocols Exactly and Harbor were exploited on Aug. 18 in two separate — and apparently unrelated — attacks, according to blockchain security firms DeDotFi and PeckShield.On-chain data reveals 4323.6 Ether (ETH), worth nearly $7.3 million at the time of writing, had been stolen from Exactly Protocol. The
Read More
Curve Finance Exploiter Returns 61,000 ETH After Protocol’s Stern Warning
In a surprising turn of events, the hacker known as the “Alchemix/Curve Finance Exploiter” has returned a total of 4,819.55 alteth and
Read More