Despite the current crypto market conditions, Decentralized finance (DeFi) still proved its higher scaling potential than the traditional financial industry. Some segments of the DeFi industry continue to “display a positive trend,” while the overall value locked fell from its peak of $180 billion in December 2021 to around $50
The layer-3 blockchain infrastructure solution Orbs’ dTWAP advanced trading order feature is integrating into the SpiritSwap decentralized finance (DeFi) platform. After a thorough examination and due diligence procedure by the SpiritSwap team. Swap and limit orders now support the majority of DEX-AMMs. After this integration, SpiritSwap will be the first
Celsius Network, the bankrupt crypto lending company, has attracted 30 possible bids for its different assets, including its retail platform and mining businesses. According to a company presentation filed on Tuesday, more than 125 parties have approached since September. Also, 30 prospective bidders have signed non-disclosure agreements. As per Celsius,
BlockFi, a defunct cryptocurrency lender, has filed a motion with the U.S. Bankruptcy Court seeking permission to release its customers’ cryptocurrency holdings in BlockFi Wallet Accounts. Withdrawals and transfers from BlockFi Interest Accounts will not be affected by this request, since they are currently suspended. The lender, which filed for
DeFi protocol Fluidity has said it will launch on the Ethereum mainnet on December 19. The Fluid-wrapped asset on-chain transaction incentive layer, which pays users for swapping, trading, or carrying out any on-chain transaction, will first be made available on Ethereum, with Solana, Arbitrum, and Polygon to follow. Fluidity is
Because of the current bear market, the crypto derivatives platform Paradigm has decided to reduce employee pay by 15%. After FTX’s bankruptcy last month, derivatives trading took a significant hit. Exchange co-founded by arrested entrepreneur Sam Bankman-Fried is accused of using billions of dollars in client cash to finance the
One of the biggest and most well-known crypto funds with Asian roots, HashKey Capital, has released its yearly 2022 DeFi Ecosystem Landscape Report. The report examines the condition of the decentralized financial sector today and demonstrates that, despite the crypto winter, the field is nevertheless prospering and brimming with opportunity.
Nexera ID has been unveiled today by AllianceBlock, the DeFi infrastructure center creating seamless gateways between decentralized and conventional finance. A revolutionary solution, Nexera ID makes use of a programmable smart wallet to provide self-custody, privacy, and security. A MetaNFT is a unique kind of digital token that is used
MakerDAO is reintroducing the DAI Savings Rate. The DSR was first introduced in 2018, allowing participants to earn interest on their holdings of the project’s native stablecoin DAI by depositing it into a smart contract. However, for some time now, interest has been very low, paying consumers only 0.1%. Moreover,
On December 10th, a flash loan attack was conducted using the Arbitrum-based Lodestar Finance lending protocol. An attacker, as reported by Lodestar, artificially inflated the value of the plvGLP token used on the PlutusDAO platform. And then used that token to drain the platform dry of all available liquidity. Lodestar
