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,...
Summary: The ApeCoin Community has initiated a proposal to keep APE within the Ethereum ecosystem. 99.95% of the votes are so far for the proposal that ends on June 9th. The proposal under AIP-41 points out...
Summary: According to PeckShield, $1.57 billion in digital assets has been stolen from DeFi protocols in the first four months of 2022 This amount has surpassed the total stolen in 2021: $1.55 billion Beanstalk Farm’s $182...
Quick take: The amount of Ethereum locked in DeFi has dropped by 2.23 Million ETH since mid-November The current amount of ETH locked in DeFi is 6.7M compared to 8.929M in mid-November The drop coincided with...
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.
Curve DAO token (CRV) will deploy on BNB Chain as part of the deal with Binance Labs, the company’s incubation and venture capital arm. The $5 million investment follows brief concerns about the DeFi stableswap exchange...
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...
Quick take: The team at Waves (WAVES) has announced a DeFi revival plan meant to make its users whole and restore the full functioning of protocols in its ecosystem. The plan aims to fix USDN’s depeg...
Friend.tech competed with top-ranked DeFi platforms like Uniswap and Lido Finance, generating around $1.42 million in fees. The social tokenization app also contributed to activity on Base, the recently launched L2 network incubated by Coinbase. Community...
Quick take: Data from the team at Santiment shows that the top 100 Chainlink Whales added 18.3 million LINK tokens to their bags in 3 months Additionally, Timothy Peterson has predicted that LINK could be valued...
DeFi crypto lender Maple Finance has launched a new cash management pool which will allow institutional web3 investors to have exposure to one-month U.S. Treasury Bills.
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...