Sushi, a decentralized finance (DeFi) firm, plans to introduce Susa, a decentralized derivatives platform on Layer N, an Ethereum Layer 2, in an effort to mimic certain features of centralization for decentralized platforms. According to Jared Grey, head chef at Sushi: “Sushi is excited to partner with Layer N, as
After EigenLayer temporarily lifted its deposit limitations, its TVL surged to roughly $6 billion in the previous three days. According to DeFiLlama statistics, the amount of assets submitted to the restaking protocol has increased by around 170% from $2.15 billion when the window started on Feb. 5 to $5.85 billion
The Cronos-based cryptocurrency lending protocol Orby Network has made interest-free $USC borrowing available. Because of this, borrowing Orby’s native stablecoin over the Cronos network for decentralized finance objectives is possible without having to pay exorbitant or variable interest costs. On the Cronos EVM blockchain, Orby is one of the most popular contemporary
EigenLayer, an Ethereum-based liquid restaking protocol, temporarily lifted its staking cap 14 hours ago, and since then, the total-value locked (TVL) has increased by a whopping $1 billion. In an effort to “invite organic demand” to the network, EigenLayer stated on February 5 that it will temporarily remove its 200,000
The Decentralized Finance (DeFi) ecosystem, a revolutionary space in the financial world, is continuously evolving, presenting new opportunities for asset management and income generation. At the heart of this transformation are “vaults” – once simple digital safes for storing cryptocurrencies, now complex financial instruments driving the DeFi economy. This article
Fully decentralized multi-chain service provider UNCX Network is teaming up with HELLO Labs’ reality TV series “Killer Whales,” which is dubbed “the Shark Tank of Crypto” and is co-produced by CoinMarketCap and AltCoinDaily. With its top-notch, scalable, decentralized infrastructure, UNCX is facilitating simpler and safer DeFi. This is in line
A report titled Decentralized Finance was produced by the Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee’s Digital Assets and Blockchain Technology Subcommittee. Earlier, the Department of Treasury issued a report in April regarding the risks of illicit financing in DeFi. The report urged federal regulators to engage with the
An Ethereum-based liquidity management protocol, Gamma Strategies, has been exploited. As a result of this occurrence, which included the illicit removal of digital assets worth $3.4 million, Gamma has taken some measures in handling the ensuing events. In determining the scope of this vulnerability, the blockchain security company PeckShield was
In yet another significant exploit, Radiant Capital, a cross-chain lending system, had 1,900 Ethereum (ETH) stolen worth $4.5 million. PeckShield, a blockchain security and analytics company, reported about the incident first. A recent hacking event on RDNT Capital led to the loss of 1.9k ETH, or over $4.5 million, according
Total value locked (TVL) across DeFi protocols has hit $52 billion, an annual peak not seen since the days leading up to FTX’s demise in November 2022. This comeback is significant because the industry has had a rocky past since FTX and other companies went under. The controversies surrounding these
