In summary: Yam Finance successfully migrated to YAMv2 on August 22nd at 4:20 pm UTC. The move comes after a bug was discovered in the first iteration of the DeFi platform. The discovery of a rebasing...
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...
Summary: The European Central Bank has recommended urgent stablecoin regulation, citing UST’s recent collapse and losses faced by its holders. The ECB also states that algorithmic stablecoins should be treated as unbacked crypto assets due to...
DeBank’s “Asset Layer for Social” blockchain looks to tackle costly transaction fees and safeguard layer 1 assets on EVM-compatible chains. The DeFi aggregator said its chain would implement account abstraction at chain level to offer a...
Decentralized exchange dYdX has announced that it will stop offering its services to clients based in Canada. The country's regulatory climate has been blamed for this decision.
Summary: The KuCoin crypto exchange has announced the launch of a decentralized wallet. The new KuCoin Wallet is designed to be secure and easy to use, with multi-chain aggregation powered by the KuCoin ecosystem. The decentralized...
Quick take: Ethereum investors withdrew 659k ETH from crypto exchanges in One Hour on January 22nd This could be the largest net outflow of Ethereum from crypto exchanges in a 24 hour period Ethereum has reclaimed...
Quick take: Popular DeFi tokens such as YFI, COMP, SUSHI and CRV are down by over 60% since their all-time high values DeFi tokens continue to correct due to the current crypto market environment The overall...
Summary: Retail users make up a vast majority of DeFi users but professionals move the market Fund sent to DeFi platforms from retail users are usually below $10,000 Most of the value sent to DeFi platforms...
Summary: The ChainLink network has hit a new milestone in terms of cumulative transaction volume According to Glassnode, ChainLink’s cumulative transaction volume has just exceeded $30 Billion LINK has also witnessed a resurgence in the crypto...
Uniswap Labs’ $165 million series B funding round has been dubbed as one of the biggest deals in DeFi history The deal demonstrates how investor and user interest in the DeFi domain is still evolving at...
Quick take: Binance has launched a DeFi composite Index perpetual contract The DEFI/USDT index will go live on the 28th of August, 7 am UTC The index is made up of 10 DeFi tokens: BAND, COMP,...