Decentralized Finance (DeFi)

#DeFi News – The latest breaking news and project developments related to Decentralized Finance (DeFi) in the world of Crypto

Latest

zkSync Era Rolls Out To General Users In Alpha, Matter Labs Beats Polygon To First Zero Knowledge EVM

Naga Avan-Nomayo·March 24, 2023

zkSync Era

zkSync beat competitors like Polygon and Scroll as the first developers to launch a zkEVM on Ethereum - zkSync Era

Arbitrum Airdrop Now Live, ARB Trades Below $2 Amid Heavy Volatility

Naga Avan-Nomayo·March 23, 2023

Arbitrum

Summary: Trading for Arbitrum’s hyped ARB governance token went live on Thursday, Mar.23 after the airdrop was announced last week. ARB trading kicked off across centralized crypto exchanges like BitMEX, Binance, Bitfinex, Kraken, and decentralized exchanges...

Sushi DAO Proposes $3 Million Legal Defense Fund Following SEC Subpoena

Aditya Anand·March 21, 2023

Sushi DAO Proposes $3 Million Legal Defense Fund Following SEC Subpoena 12

SushiSwap's CEO Jared Grey has proposed a $3 million legal defense fund to cover legal costs for core contributors after Sushi DAO and Grey were subpoenaed by the U.S. SEC.

Perp DEX GMX Considers “Early Mover” Launch On Coinbase’s L2 Base Blockchain

Naga Avan-Nomayo·March 21, 2023

GMX

Summary: Some community members of the decentralized crypto exchange backed the early mover proposal to deploy GMX on Coinbase’s L2 blockchain. Concerns were raised over possibly doxxing the protocol’s pseudonymous founders as Base could require KYC...

Binance And BitMex To List Arbitrum’s ARB Token After Mar. 23 Airdrop

Naga Avan-Nomayo·March 20, 2023

Arbitrum

Arbitrum's ARB governance token is coming to Binance and Bitmex with major trading pairs and up to 20x leverage trading.

Arbitrum To Airdrop ARB Tokens On Mar. 23, Unveils New DAO And L3 Roadmap

Naga Avan-Nomayo·March 16, 2023

Arbitrum

Arbitrum moves closer to greater decentralized with a governance token airdrop with ARB, a new self-executing DAO, and a developers kit for layer 3 builders.

Euler Finance Exploiter Deposits $1.8 Million In Tornado Cash, Sends 100 ETH To Victim

Naga Avan-Nomayo·March 16, 2023

Euler Finance

The attacker who stole $197 million from Euler Finance transferred some of the funds to Tornado Cash and returned 100 ETH to a victim.

Lido Finance To Kickstart 4-Week stETH Withdrawal Test On Goerli From Mar. 20

Naga Avan-Nomayo·March 15, 2023

Lido Finance

Lido Finance pushed back testing staked ETH withdrawals on Goerli and a mainnet launch until audits are finalized in April.

dYdX Up 21% After Community Approves Proposal To Reduce Trading Rewards

Aditya Anand·March 13, 2023

dYdX Up 21% After Community Approves Proposal To Reduce Trading Rewards 13

The dYdX community has voted in favor of a proposal that seeks to slash the DEX's trading rewards by 45%. The approval sent native token dYdX soaring by over 21%.

Crypto Lender Euler Finance Falls Prey To $197 Million DeFi Flash Loan Attack

Naga Avan-Nomayo·March 13, 2023

Euler Finance

Summary: Euler Finance was drained of DAI tokens, staked Ether, USDC, and wrapped Bitcoin after a flash loan attack. On-chain security firms BlockSec and Peckshield said losses from the exploit were over $190 million in cryptocurrencies....

Aave DAO Votes To Offboard BUSD From V2 Lending Market

Naga Avan-Nomayo·March 9, 2023

BUSD

Marc Zeller’s proposal to offboard Binance USD (BUSD) stablecoin from Aava’s V2 lending and borrowing market on Ethereum garnered massive support from the Aave community. The action plan aims to “reduce the amount of liquidity in...

Stargate Finance’s STG Tanks 9% After Delisting On Coinbase

Aditya Anand·March 8, 2023

Stargate Finance's STG Tanks 9% After Delisting On Coinbase 14

Stargate Finance's native token STG tanked more than 9% today after Coinbase announced that it would delist it on 14 March 2023.

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