DEFI
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
Arbitrum Community Pilot: Voting on the Distribution of 25 to 45 Million ARB in Long-Term Incentives
Arbitrum community votes on a pilot program to distribute 25 to 45 million ARB tokens as long-term incentives to protocols on its platform, aiming to enhance ecosystem growth and innovation.
Ondo Foundation Unveils ONDO Points and Token Unlock Plan
The Ondo Foundation introduces Ondo Points to enhance community engagement and proposes an unlock plan for ONDO tokens, advancing its mission in the DeFi space.
UK Cryptocurrency Exchanges Adapt to Enhanced Regulatory Standards
The UK is intensifying regulatory standards for crypto exchanges under the Financial Services and Markets Act, aiming for parity with traditional financial services. Exchanges must comply with stringent risk assessments and finance tests, impacting both domestic and offshore entities.
Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem
Curve Finance's new MIM/crvUSD liquidity pool on Arbitrum marks a significant advancement in DeFi, offering enhanced liquidity and user experience. This strategic move leverages Arbitrum's layer 2 capabilities for faster, cost-effective transactions, underlining Curve's commitment to innovation and community-driven governance.
ZetaChain and Curve Finance Collaborate to Revolutionize DeFi with Native BTC Support
ZetaChain and Curve Finance have partnered to introduce native Bitcoin support for cross-chain swaps and omnichain asset pools, enhancing asset management efficiency across blockchains.
SUSHI and YFI Price Manipulation on dYdX v3 Revealed
The recent dYdX v3 incident, involving significant price movements of SUSHI and YFI tokens, has raised crypto community concerns. The attacker deposited $5.3 million, took leveraged positions, and caused liquidation events.
Radiant Capital Suffers $4.5M Flash Loan Attack
Radiant Capital was hit by a $4.5M flash loan attack due to a known codebase rounding issue, leading to a temporary pause in their Arbitrum market operations.
Arbitrum One Achieves a Historic $10 Billion TVL Milestone
Arbitrum One's recent surge to a $10.22 billion TVL not only marks a major milestone for Ethereum Layer 2 networks but also highlights its growing acceptance and diverse asset portfolio, following a substantial funding journey and robust technology development.
DeFi TVL Surges to $55.365 Billion, Lido Finance Peaks at $22 Billion
Global DeFi TVL reached $55.34 billion in 24 hours, with decentralized exchanges leading volume and Lido Finance reaching a $22 billion milestone, indicating robust DeFi sector growth.
PancakeSwap's CAKE Token Skyrockets by Over 50%
PancakeSwap's CAKE token experienced a 50% surge in a week, thanks to strategic token burn and a new supply cap proposal, marking a significant DeFi milestone.
Lido DAO Faces Class-Action Lawsuit Over LDO Token Alleged to be Unregistered Security
A class-action lawsuit against Lido DAO alleges its LDO token is an unregistered security, claiming responsibility for investor losses following the token's price decline.
Yearn.finance Appeals to Arbitrage Traders for $1.4 Million in Recovery Funds After Multisig Error
Yearn.finance seeks the return of $1.4 million from traders after a multisignature scripting error drained its treasury.
SushiSwap CEO Proposes New Token Model
SushiSwap's CEO, Jared Grey, is leading a community proposal to revamp the platform's tokenomics, aiming to improve reward efficiency, recalibrate incentives, and diversify revenue streams.
Australian Taxation Office Clarifies CGT on DeFi and Crypto Wrapping
The Australian Taxation Office has issued guidelines on the capital gains tax implications for decentralized finance activities and crypto token wrapping, following a recent security breach.
Uniswap's Front-End Fees Surpass $1 Million
Uniswap's front-end fees exceed $1 million in 24 days, contributing 17.4% to its total fees, with an estimated annual revenue of $15.2 million.