Latest DeFi News
Tribe DAO Votes in Favor of Rari Hack Victims to be Paid Fully
On-chain voting on the Tally platform received 99% approval for full reimbursement to those affected by the Rari Fuse Hack.
Decentralized Exchange GMX Suffers $565K Worth Exploit
The anonymous exploiter utilized GMX's minimum spread and zero price effect characteristics to conduct the attack.
First Solana L2 Scaling Solution “Nitro” to Launch in 2023
The scaling solution Nitro is a Solana Virtual Machine (SVM)-compatible blockchain and thus will act as a bridge between Solana…
Maker Uses Staked Ether to Limit USDC Influence
If Maker protocol’s proposal to increase the cap to $200 million is approved, more stETH can be deposited against DAI,…
Tornado Cash’ involvement in 2021 DAO Maker Hack Resurfaces
DAO Maker suffered a crypto hack worth $7M, which was sent to two wallets, one of which moved the funds…
Binance Announces Tax Burn of LUNC & USTC on Terra Classic
The 1.2% tax burn will not apply to Spot and Margin trading for LUNC and USTC in Binance and it…
Terra Classic Now Worth 12x More Terra LUNA
Terra LUNC token has gained 280% over the last 30 days as momentum is still in its favor due to…
BNB Chain Unveils Zero-knowledge Proof Scaling Tech “zkBNB”
It is clear from zkBNB that BNB Chain is aiming high in its commitment to advance blockchain scalability.
$371K Worth USDC Stolen in Avalanche Smart Contract Exploit
The exploiter deployed a custom smart contract that utilized a $51 million flash loan from Aave to artificially manipulate the…
Coinbase Proposes to Boost MakerDAO Revenue by $24M
If Coinbase's proposal is approved, MakerDAO won't be required to pay any fees when making a PSM deposit to Coinbase.
KuCoin Spots Inaccuracies in Acala’s aUSD Recovery Proposal
According to KuCoin, hackers sent 8.03M aUSD rather than 4.937M aUSD to KuCoin & 5.33M aUSD were traded instead of…
Poolin Pauses Withdrawals Citing Liquidity Issues
Poolin noted that the assets in the PoolinWallet are secure and the time and plans for the functions to resume…
Cardano to undergo Vasil Hard Fork on September 22
Developers have said that this upgrade would result in greater scalability and lower fees.
Aada Finance Launches First Lending & Borrowing Protocol on Cardano
The platform also offers multi-asset lending and borrowing and the Aada 3-Node Liquidation Oracle.
Babylon Finance to Shut Down its Services Following Rari Hack
The Babylon Finance team disclosed that beginning on September 6, it would pool all of its Treasury assets and distribute…
Solana-based OptiFi Shuts down Protocol by Accident Losses $661K
The protocol’s team has promised to reimburse all user funds, a process which would take up to two weeks to…
Brazil’s Central Bank Chooses Itaú DeFi Project Among Others
The Central Bank of Brazil picked proposals for eight new projects to ramp up through its innovation lab, including DeFi…
CoinDCX co-founder Announces Plans to Hire for DeFi Expansion
Khandelwal said that the platform is looking to hire around 300 people by the end of the year.
FBI Warns of Cybercriminal Exploits Targeting DeFi Platforms
To prevent such exploits and vulnerabilities, the FBI suggested investors conduct a thorough research about DeFi platforms before using them.
Arbitrum will Undergo ‘Nitro’ Upgrade on August 31
The Nitro upgrade will massively increase network capacity and reduce transaction costs.
MakerDAO Suggests Free-floating DAI to Limit Attack Surface
MakerDAO Co-founder Rune Christensen advises the community to choose the path of decentralization.
Cardano Dev Discloses Good Progress in Vasil Hard Fork
The developer team has not seen major bugs or hard-fork blockers till now.
Uniswap Community Approves Proposal to Form Uniswap Foundation
The foundation will support the decentralized growth and sustainability of the Uniswap Protocol.
Rainbow Bridge Eliminates Hack Attempt With 5 ETH in Pocket
The bridge architecture identified the malicious attack in just 31 seconds.
Solana Experiences Immersive Growth in Q2 Thanks to DAO & GameFi: ByBit
Solana is catching up with Ethereum with its number of DAOs and NFTs.
BendDAO Initiates Proposal to Reduce Liquidity Threshold
BendDAO also proposed that the NFT auction duration on its platform would be lowered from 48 hours to four hours.
Ronin Bridge Hackers Transfer $625M to Bitcoin Network
According to the most recent reports, the Ronin bridge hackers converted the remaining stolen assets from Ronin to renBTC using…
Uniswap Blocks 253 Crypto Addresses to Reduce Illegal Activities
Seven types of illegal activity are categorized: stolen funds, funds from a transaction mixer, funds from a known scam &…
Cardano’s Charles Hoskinson Responds to Rushing 1.34.3 Node
The developer said that Cardano released Node 1.35.3, which is unable to sync with the original testnet & is now…
Celer Protocol Shuts Down cBridge over DNS Exploit
The attacker was able to drain around 128 ETH ($240K) before the exploit was discovered.
