The much-anticipated vote on UNI staking and delegation incentives, which was scheduled for May 31, has been postponed by the Uniswap Foundation, the group in charge of the decentralized exchange Uniswap. The foundation delayed the vote in response to a stakeholder’s concern, as revealed on X. The decision-making process was
Few names have recently captured the market’s attention like Retik Finance (RETIK) in the often turbulent world of cryptocurrencies. Touted as the next big thing in decentralized finance (DeFi), Retik Finance is about to make a major splash.By the end of 2024, RETIK might reach $10, according to a well-known
The Decentralized Finance (DeFi) ecosystem has come a long way since the yield farming craze that fueled the 2020/2021 bull run. At the time, most of the protocols were launching solely on the Ethereum blockchain; however, with transaction fees skyrocketing, alternative Layer 1 blockchains such as Solana and Layer 2
Ethereum’s scaling issue is not a new topic of discussion in the crypto realm; this pioneering smart contract blockchain is notorious for high gas fees due to its limited throughput during periods of high activity. One of the main reasons behind the limited scalability is the sequential nature of Ethereum’s
Just when the space needed another platform to redefine DeFi, Retik Finance (RETIK) emerged as a pioneering force, introducing a suite of revolutionary features that are set to transform the landscape of financial transactions and services. By leveraging cutting-edge technology and innovative solutions, Retik Finance is addressing critical issues in
The liquid restaking platform Kelp DAO has reached a significant milestone in its quest to improve the restaking landscape and decentralized finance (DeFi) by announcing the closing of a $9 million private sale round. The round was spearheaded by a $3.5 million investment from SCB Limited, a Bahamas-based proprietary trading business,
According to the DeFiLlama rankings, Solv Protocol, a unified yield and liquidity layer for prominent digital assets, has crossed $1 billion in Total Value Locked (TVL), solidifying its standing as the 32nd biggest decentralized finance (DeFi) protocol. Ryan, founder of Solv Protocol stated: “Reaching this significant milestone is a testament to the
The bankruptcy court has given the go-ahead for Genesis Global, a cryptocurrency lender, to repay its creditors with over $3 billion worth of cash and crypto. Digital Currency Group (DCG), the parent firm, will not be able to recover from its bankruptcy as a result of this ruling. On May
LayerZero Sybil has concluded the phase of self-report, where users could report fake or duplicate sybil addresses created to baffle the system. Initially, over 2 million addresses were suspected to be sybils, and it has been narrowed down to 803,093 after the completion of the phase. The self-reported address will
Approximately $20 million was lost due to an exploit that hit the decentralized lending protocol Sonne Finance on Wednesday morning in Asia. According to the project’s post-mortem analysis, an exploit was found in one of the Compound v2 forks. Using the known donation attack, the hacker was able to breach
