Cryptocurrency Analysis and News Portal
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Despite the prevalent consolidation observed across the market, the Rari governance token (RGT) has rallied by over 26% in the last 24 hours. The recent upsurge comes after the asset traded within a range for the
Read More
After months of uncertainty, the Tribe DAO has passed a vote to repay affected users of the $80 million exploit on decentralized finance (DeFi) platform Rari Capital's liquidity pools.Following several rounds of voting and governance proposals, Tribe DAO, which consists of Midas Capital, Rari Capital, Fei Protocol and Volt Protocol,
Read More
Decentralized finance (DeFi) protocol Babylon Finance has finally announced that it will shut down after months of trying to recover from the negative momentum that the Rari Fuse exploit caused. In a statement, founder Ramon Recuero explained that the platform experienced an insurmountable negative streak despite their team’s efforts to endure
Read More
As such, the Babylon team was vying to reach $50 million in user-supplied assets, following which it would become sustainable due to the fees charged to users in return for the yields offered. The Rari exploit, coupled with a steep fall in BABL token prices, led to “the point of
Read More
Decentralized finance (DeFi) platform Fei Protocol offered a $10 million bounty to hackers in an attempt to negotiate and retrieve a major chunk of the stolen funds from various Rari Fuse pools worth $79,348,385.61 — nearly $80 million.On Saturday, Fei Protocol informed its investors about an exploit across numerous Rari
Read More
DeFi Lender Rari Capital/Fei Loses $80M in Hack Original Source
Read More
Jamie Redman Jamie Redman is the News Lead at Cryptox.trade News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than
Read More
"Liquidity was structured so the bulk of it sat just under market price, allowing the pool to absorb sells with minimal impact," explained Aswath Balakrishnan, vice president of research at Delphi Digital, in a Telegram message. "There wasn't enough liquidity to absorb all the ICHI liquidations, causing the price to
Read MoreNew York-based crypto investment firm CoinFund has made an undisclosed investment into the digital art-focused non-fungible token (NFT) marketplace, Rarible.According to a September 8 announcement from Rarible, funds from the pre-seed round will be used to develop a “community-governed” NFT marketplace. The Rarible platform launched earlier this year and began
Read More