The DeFi ecosystem continues to develop at a rapid rate, with innovations ensuring that mainstream users can access and take advantage of novel financial solutions in the decentralized ecosystem. One such development is flash loans. Flash loan is a type of DeFi loan that allows users to borrow funds and
The address linked with the attacker has transmitted more than 2,100 ETH. The attacker used protocol’s vulnerability to drain the money and used a crypto mixer. Following a “re-entrancy” assault on the decentralized finance (DeFi) lending protocol apps Agave and Hundred Finance, a hacker stole around $11 million in wrapped
Timechain is thrilled to announce that it will be joining the Fireblocks network. In the field of digital asset management and decentralized finance (DeFi), Timechain is a prominent Canadian company. In comparison to other Canadian cryptocurrency service providers, the safe financial ecosystem has more extensive trading and financial capabilities available.
As a Cardano decentralized exchange (DEX), Bashoswap intends to enable the swaps between ADA and other Cardano-based crypto assets. Beri Ardas, a blockchain specialist with years of expertise in the crypto business, founded the company in late 2021. The Bashoswap project is the output of a team of developers and
Customer loans may be obtained in only a few clicks with the TribeOne Dapp. Because of the partnership with TribeOne, DeFi11 will finance its NFT alternatives. Defi11 established cooperation with TribeOne on Saturday, according to the firm. A decentralized platform for banking, TribeOne is now the world’s first to be
Flare has teamed up with Ola Finance to provide a broader range of DeFi solutions, including tailored lending networks. On Songbird, Flare’s canary network, Ola intends to create a loan network to deploy it on the mainnet eventually. One of the company’s offerings is to provide its partners with loans
Let us look at the top 3 DeFi tokens in terms of volume in the last 24 hours. Terra (LUNA) A blockchain technology, Terra employs fiat-pegged stablecoins to support global payment networks that are price stable. According to its white paper, with Terra, users have the stability of fiat currencies
Unizen, a major participant in the “Centralized Decentralized Finance” field, has announced a new project to bring the concept closer to reality. Intending to bring together DeFi developers and decision-makers at conventional, centralized finance (CeFi) firms and combine the benefit of a centralized exchange with decentralized cousins, the smart exchange
Investors lost around $190 million when the exchange went down in 2019. Patryn was sentenced to serve time in the United States. According to a tweet from on-chain analyst zachxbt, the anonymous treasury manager for Wonderland’s decentralized finance (DeFi) project and one of its co-founders, 0xSifu, is actually Canadian crypto
In order to create an open and trustworthy derivatives market, SynFutures aims to enable trading on anything having a price feed. SynFutures is decreasing the barrier to entering the derivatives market by nurturing a free market and increasing the diversity of tradable assets. According to Dune Analytics, SynFutures has exceeded
