MakerDAO has purchased a second batch of U.S. Treasury Bonds worth a whopping $700 million. The purchase of part of the DeFi lending protocol's attempts to diversify the assets backing its DAI stablecoin.
Summary: The Chibi Finance team disappeared overnight in what seems like a rug pull, PeckShield noted. 555 Ether (ETH) worth around $1 million was drained from the project’s liquidity pools and deposited into the crypto mixer...
Summary: A proposal on Aave DAO to move $3 million in ETH from the treasury into wrapped staked ETH and rocket pool ETH is active in the project’s governance forum. The proposal with 252,152 votes in...
Summary: BarnBridge DAO was advised to cease all work related to the protocol and halt compensation to individual contributors. Legal counsel Douglas Park also told the team to close existing liquidity pools due to an ongoing...
The “intel-to-earn” model will allow on-chain sleuths to monetize their skills and create a liquid market for blockchain information, Arkham said on Monday. Arkham said intel seeks can post bounties for wanted info and sleuths can...
Aave V3 users will be able to mint GHO tokens on Ethereum’s mainnet if the proposal is approved by the community. The proposal also suggested using staked Aave coins as a way to cut down GHO...
Tuesday’s press release is in response to concerns from the community calling Arkham’s new product a “dox-to-earn” exchange. Arkham said its Intel Exchange will not support trading off-chain information like phone numbers, house addresses, or government...
The major technical upgrade is part of Polygon’s roadmap 2.0 and is subject to community approval. The new POL token would replace MATIC as Polygon’s native token and introduce Multichain validation across the L2’s ecosystem. Users...
The CEO’s sister was arrested in China days after she moved $220 million in user funds to wallets under her control. Multichain’s team also confirmed the news that CEO Zhaojun was arrested by China police in...
Projects in the web3 and decentralized finance spaces lost nearly half a billion dollars to hacks and exploits in the first half of 2023. DeFi accounted for a bulk of the incidents with over 386 exploit...
DeFi exchange Uniswap has launched a new blockchain protocol called UniswapX. The new protocol will enable trading across automated market makers and offer gas-free swapping, among other things.
The new governance model will feature an ecosystem council as part of a three-pillar framework, Polygon’s blog post noted. The re-engineered governance also includes an improved proposal framework and a two-phase community treasury to back exciting...