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Contagion from the Dec. 12 flash loan attack against Euler has spread far and wide, resulting in frozen or lost funds for 11 different decentralized finance (DeFi) protocols, according to Dec. 13 reports from each of them on Twitter. Balancer, an Ethereum protocol with over $1 billion total value locked
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Rootstock, a censorship-resistant and permissionless Bitcoin sidechain, added seven DeFi protocols, integrated new tools, and removed the BTC/rBTC two-way peg as they move closer to complete decentralization, a press release on Mar. 10 shows. Rootstock added, among others, Qredo Wallet, a non-custodial wallet; Paydece, a trustless platform for swapping tokens for
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Like their L1 counterparts, L2 protocols generally have their own native token, which serves as an incentive to use the network. As an investor, I view a layer 2 as an investment in the infrastructure that allows greater access to the main room, while providing space for developers to build
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Flare, the layer-1 Ethereum Virtual Machine (EVM) blockchain, went live on Jan. 10 after it launched two core protocols for decentralized interoperability applications. The blockchain network allows developers to create applications that are interoperable between various blockchain ecosystems and internet platforms.Less than one month later, on March 2, Flare welcomed
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The utility FIL token jumped 62% over the past week. Decentralized storage protocols recently gained attention as their use has increased, an analyst said. Source
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With the public token airdrop now over, traders have stepped in to juice the value of ACS over 300% since launch, according to CoinGecko, which conducted the distribution. It’s trading around 2 cents with a circulating market cap of $620 million. CoinGecko data shows nearly a third of ACS tokens
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The United States Securities and Exchange Commission (SEC) settled with Kraken on Feb. 9 for an action taken against the exchange’s staking rewards program. Kraken paid a $30 million fine and agreed to halt the program.Set aside for a moment the irony that the SEC is going after a solvent
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Decentralized exchanges (DEXs) have become increasingly popular in recent years due to their ability to offer users a high degree of control over their assets and a more secure trading environment than centralized exchanges. However, one major limitation of DEXs is their inability to support cross-chain and margin trading. There are
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The damages caused by the fall of major crypto ecosystems in the last year are on a path of steady recovery as good actors take proactive measures to rebuild trust among investors. Major players from the decentralized finance (DeFi) ecosystem came together to showcase the incentive behind operating trustless, interoperable and permissionless
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Place/Date: - December 16th, 2022 at 5:00 am UTC · 3 min read Source: Snowfall Protocol The world of blockchain technology is ever-evolving, and Snowfall Protocol is leading the charge. Its new Dapp, which offers a cross-chain bridge that facilitates secure asset
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