Ethena Labs, a prominent player in decentralized finance (DeFi), has initiated the distribution of its new governance token (ENA) through an airdrop program. The announcement, made in a recent post, invited holders of the USDe token to claim their portion of the airdrop, which amounts to 750 million ENA tokens,
An individual or group claiming to be a “white-hat” hacker who is interested in returning the funds into the Prisma Finance protocol, as opposed to a “black-hat” hacker who would retain the funds for themselves, was one of the wallets associated with the $11 million Prisma Finance hack that occurred
The most recent signs point to both growth and a radical change. The market’s current maturation towards logic, efficiency, and increased risk awareness is in line with the growing interest in DeFi returns. “The State of DeFi” report from Exponential, an investment platform for crypto holders has shed light on
Decentralized perpetual exchange IntentX and Layer 3 network Orbs have partnered to integrate Orbs’ Liquidity Hub. As the primary spot engine for IntentX, Orbs Liquidity Hub will provide customers access to spot orders and the perpetual contracts marketplace. Operating atop automated market makers (AMMs) is the DeFi infrastructure platform Orbs
We are thrilled to announce that Chainlink Price Feeds have been incorporated into Renzo, the Eigenlayer restaking hub, on the Ethereum mainnet. Through the integration of the most advanced decentralized computing infrastructure in the market, Renzo now has access to the premium, tamper-proof price feeds required to provide safe and
In order to provide DeFi liquidity to the Bitcoin ecosystem, Bitcoin liquidity protocol Velar has announced the introduction of Dharma, an Automated Market Maker (AMM). Dharma, which is scheduled to launch on Bitcoin L2 Stacks on March 19, will increase the network’s DeFi capabilities. Token pairings may now be completely traded onchain
On March 9, the total value locked in DeFi protocols surpassed $100 billion, thanks to the demand for Bitcoin which is boosting the mood surrounding the crypto sector. Data from DefiLlama shows that decentralized financial protocols have a total value locked (TVL) of $100.1 billion, with a volume of over
An approval process issue in the Stablecoin protocol Seneca’s smart contract allowed an exploiter to access around $6.4 million in digital assets. Seneca has offered a 20% bounty to the person or people responsible for this exploit. The stablecoin protocol vulnerability was reported by many blockchain security organizations on February
FTX, the bankrupt crypto exchange, has reached a settlement with its EU founders, Patrick Gruhn and Robin Matzke, who were sued for over $323 million. The settlement also involves FTX selling its assets in the EU, where it failed to gain traction. The lawsuit, filed in July 2023, claimed that
Maven11 Capital, a crypto venture capital firm, has reported impressive returns of 54%, worth $1.43 million, by investing in DeFi tokens. These returns are particularly from UNI, the native token of Uniswap. The firm capitalized on the DeFi token surge, which was driven by the growing attention to the DeFi
