-The Solana Foundation partnered with Project Serum to host a global hackathon focused on DeFi.-The hackathon will begin from February 15 through March 1st.-Moreover, participants will compete for a seed funding round of $200k. The Solana Foundation is energised to partner with Project Serum. In order, to host a global
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Curve Finance added Euro as a secondary currency option following the user demands. The Curve is an automated market maker specialized in swaps between like assets. Moreover, a governance proposal passed to enable the CRV token to reward the liquidity providers in the pool. Curve Finance announced that it added
DeFi protocol Nexus Mutual Founder gets hacked for $8M. In addition, the hacker is also a member of Nexus Mutual. Some of the stolen funds have been sent through 1inch.exchange. The CEO of decentralized finance (DeFi) insurer Nexus Mutual named Hugh Karp has lost more than $8 million worth
A decentralized finance protocol Harvest Finance seemingly issued a $100,000 bounty reportedly after a $24 million attack from its pool. Harvest Finance is a DeFi yield aggregator. FARM is its native cryptocurrency. It has one admin key for making changes to the smart contract. Essentially, the holder of this key
DeFiChain, a blockchain specifically dedicated to decentralized financial applications, has announced their listing on Bittrex Global. DeFiChain’s native coin “DFI” is now trading live on Bittrex’s robust and secure platform. The DeFi space has been growing immensely in terms of value, functionalities, and attention from both the media and public.
StakeHound collaborates with DASH NEXT and Dash Core Group, allows Dash holders to access decentralized finance (DeFi) applications while earning staking rewards. Newly launched StakedDASH has become a bridge between DASH and Ethereum DeFi ecosystems. It allows DASH holders to generate further yield. Through DeFi applications whereas at the same
The decentralized finance (DeFi) assets have continued to fall by 25.1% while volumes shrunk 30% in the last 24 hours alone according to data from Santiment. Santiment estimated that daily DeFi token trade volumes have dropped by 30% combined. However recent market leaders Sushi (SUSHI), Yearn Finance (YFI) and Uniswap
Glassnode data shows Ethereum’s total transaction fees recorded their highest-ever earnings in September 2020, stood at an all-time high of $166 million for the month which is more than the $26 million taken in Bitcoin fees. The major factor behind this rise is the growth of the decentralized finance (DeFi)
Stablecoin marketcap increases by $100 million every single day, and the world’s largest stable coin Tether (USDT) outperforms Ripple (XRP) by marketcap. A stablecoin is a cryptocurrency pegged to other assets like the dollar or the euro. The current supply of stablecoins has been increasing by roughly $100 million daily
