Everlend, a DeFi borrowing and lending platform based on Solana, has stated that it would be discontinuing operations. Including further development of the platform. Project leaders explained its end in a statement released Wednesday. Citing a shortage of liquidity and the general contraction of the borrowing and lending market as
Launching on an Avalanche Subnet, the decentralized cryptocurrency exchange Dexalot represents a new breakthrough in the development of decentralized trading protocols. Without sacrificing decentralization and transparency, the Dexalot Subnet seeks to imitate the user experience of a CEX. Using the Avalanche Fuji test network, its team has spent months developing
According to a statement released on January 26th, the Solana decentralized finance (DeFi) platform Friktion is closing down its user interface. And encouraging consumers to remove their money from the protocol. Due to the platform’s website switching to a withdrawal-only mode for all Volts, deposits are no longer possible. According
Aave’s integrations lead Marc Zeller said in a post on January 26 that the company has bought 2.7 million Curve (CRV) tokens, which will settle “excessive remaining bad debt” in a dozen transactions over the following 15 hours. The decision was made when Aave Improvement Protocol (AIP) 144 was approved
After completing its private and public sale of Fasttoken (FTN), a part of the Fastex web3 ecosystem developed by SoftConstruct, has raised $23.2 million. The public was given access to FTN, the official cryptocurrency of the Fastex ecosystem, on January 18 as part of a token creation event that was
Major firms in the market are reducing growth plans. And cutting operational expenditures, which has led to layoffs, as the crypto winter has made a strong dent. Matrixport, a crypto investment and lending organization located in Singapore. Has announced layoffs in its marketing department, which would affect around 10% of
Celsius said in court on Tuesday that it is considering issuing a new digital asset token as part of its strategy to restructure and emerge from bankruptcy as a future regulated cryptocurrency platform. At a video hearing, Celsius’s attorney Ross M. Kwasteniet argued that creditors would be better served by
According to unaltered financial data that was accidentally posted on Tuesday, insolvent crypto lender BlockFi is connected to SBF’s FTX and Alameda Research to the tune of around $1.2 billion. Moreover, according to CNBC, the January 14 confidential financial data shows that BlockFi filings comprise a loan to Alameda of
The wormhole bridge exploiters are back in action. While tracking down the so-called wallet address of the hacker, a brief amount of Ethereum was transferred on 23rd Jan of 2022. Two interesting transactions on the list, one is presumably between exploiter and exploiter 2, which sums around 1,889 ETH with
On Thursday, Genesis, a struggling crypto lending behemoth, filed for bankruptcy protection. With the Stellar Development Foundation identified as one of the top creditors. According to Genesis’s bankruptcy papers, the foundation has a claim for $13 million. It was revealed that the foundation extended a loan of roughly $13 million
