Texture, a DeFi yield platform, is now live in private beta testing after raising $5 million in a round-headed by P2P Capital and Sino Global. Wintermute, Semantic Ventures, and Jane Street Capital also participated in this round of funding. The stablecoin USDC was used to raise the money, and the valuation was not made public.
Unique Active Wallets in DeFi increased by 7% (504K) from September. NFT trading volume reached $662 million, down 30% from September. The world’s largest marketplace for decentralized applications, DappRadar, revealed in its most recent report that the cryptocurrency market is growing and recovering with a market valuation of more than
JP Morgan giant using Polygon and modified Aave for live trade. SBI Digital Assets tokenized Japanese yen (JPY) assets. JP Morgan, the global leader in financial services, completed its first live cross-border transaction on a public blockchain using decentralized finance (DeFi). The trade was executed on the Ethereum layer-2 network
This Monday’s vote was not an executive vote but rather a ratification vote. The move has been credited for advancing the project’s greatest restructure in its history. As time goes on, MakerDAO gets closer to its “Endgame.” DeFi’s de facto central bank will establish so-called MetaDAOs and activate a new
In its Oct. 27 supporting statement for the objection, the trustee harshly criticized Celsius. Paying executives more in anticipation of a reorganization may seem counterproductive. U.S. trustee William Harrington is objecting to a Celsius motion. That would pay $2.96 million in retention bonuses to 62 of the company’s 275 workers.
Launching its much awaited V2 testnet on the Goerli chain today, UniLend team is looking to Revolutionise the Lending and Borrowing scene in the DeFi space. It is the first ever protocol which claims to “Make Every Digital Asset Productive”. Earlier, UniLend Finance CEO, Chandresh Aharwar had unveiled the version
BlazeSwap would be the first and only DEX on Flare. BlazeSwap has completed an audit by Omniscia. A decentralized exchange (DEX) called BlazeSwap would shortly launch on Flare Network, the new blockchain that intends to connect everything. Once the blockchain breaks observation mode, BlazeSwap will be activated on Flare. In
Financial assets of this kind tend to be very unstable and susceptible to manipulation. The proposal won support from Compound Finance’s founder, Robert Leshner. Users of the Compound Finance protocol will no longer be able to lend assets with low liquidity. After “proposal-131” was adopted by the DAO that runs
Price manipulation is the problem, as Peckshield put it in a tweet. Peckshield’s blog post revealed that the vulnerability had been reported by Chainsecurity. On October 24th, Quickswap detailed how a $220,000 hack occurred in the Market XYZ lending market. Quickswap Lend is closing, the team announced on Monday through
Freeway’s native token, FWT, plummeted by more than 77%. German crypto bank Nuri informed its 500,000 customers to withdraw their assets. The crypto sector has been shaken to its foundation by the present bear market. Freeway, a lesser-known crypto-staking platform, is the latest to cease withdrawal services due to recent
