SafeMoon, the BNB Chain-based DeFi protocol, emerges with a soaring trend on Crypto Twitter. Remarkably, the project dominates the platform with more than 2.24 million tweets, almost rivaling the viral memecoin BEN. On Tuesday, SafeMoon declared the completion of the initial array of updates — tokenomics fee customization (10% to
Polygon Labs, a prominent player in the decentralized finance (DeFi) ecosystem, has submitted its response to the recent “Decentralized” or ‘disintermediated’ finance: what regulatory response?” discussion paper by the Fintech-Innovation Hub of the ‘Authorite de controle prudentiel et de resolution’ (ACPR), a division of Banque de France. The response reflects
RenQ Finance is gearing up for its highly anticipated launch on May 22nd, marking a significant milestone for the project and the decentralized finance (DeFi) space. Exciting News🤩 Get ready for the launch of #RENQFinance on Uniswap!🥳 Save the date🗓: May 22nd at 5 pm UTC🕔 But that's not all!
A major shift is coming to the tokenomics of liquid staking behemoth Lido Finance. Members of the community want to include a staking function into LDO, as hinted at in a recent proposal. Users require 32 ETH, or approximately $60,000 at today’s pricing, to stake straight to the mainnet. To
The last seven days remarked a quiet stability in the market capitalization of Lido (LDO), Uniswap (UNI), and Maker (MKR), these are all within the DeFi space. The governance proposals of these DeFi spaces are significant and certain details regarding them are explained in this article. Last Week’s Updates Concerning
Polygon’s zkEVM, the Zero-Knowledge Ethereum Virtual Machine, has witnessed an extraordinary surge in Total Value Locked (TVL) and transaction volume, signaling remarkable growth for the network. This surge brings forth several significant advantages, including reduced fees and accelerated adoption of decentralized finance (DeFi) protocols. Growth and transaction volume on Polygon
Chainlink Automation, a decentralized oracle solutions provider, successfully integrates with the Optimism network, marking a major milestone for DeFi. The partnership combines Chainlink’s tamper-proof data inputs with Optimism’s scalable Layer 2 technology, promising enhanced scalability, reduced costs, and increased security for DeFi applications, enabling complex functions with trust and confidence.
Recently released records indicate that London-based crypto lending firm Nexo has completed the necessary procedures to have its subsidiaries, Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd., removed from the United Kingdom’s companies register. Nexo co-founder Antoni Trenchev was quoted in a recent Bloomberg article as saying the
Due to the failure to reach acquisition agreements with Binance and FTX.US, Voyager Digital plans to self-liquidate its assets and cease operations. The exchange’s unexpected insolvency and the following arrest of its CEO, Sam Bankman-Fried, caused the aborted FTX-Voyager purchase to fall through. Although the digital asset market has been
On Saturday, May 6, 2023, the total TVL across all DeFi platforms was $49.31 billion, with Lido Finance in the lead with a 24.82% stake, or $12.24 billion. Since last month, Lido’s TVL has increased by 9%, with a modest weekly growth of 2.42%. MakerDAO, Aave, Curve Finance, and Uniswap
