$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells

During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere ten days, the stablecoin economy gathered another $11 billion in value with origin dollar and terra usd swelling significantly during the last 30 days. $11 […]

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VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg

VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD PegThe new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value. The Fei project was supposed to be similar to Maker DAO’s algorithmic DAI stablecoin and it was backed by major venture capital firms. Fei Protocol Market Price Drops […]

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Flash Loan Attack: Origin Protocol Unveils Compensation Plan that Excludes Founders

Flash Loan Attack: Origin Protocol Unveils Compensation Plan that Excludes FoundersThe Origin Protocol team has unveiled a compensation plan for its depositors who were adversely affected by the flash loan attack in November. According to the team, there is now a plan to provide compensation equal to 100% of the value deposited to OUSD at the time of the exploit. Two Compensation Plans Still, the […]

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Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAI

Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAIDecentralized finance (defi) protocol Pickle Finance was hacked for $19.7 million of the stablecoin DAI over the weekend, as the defi industry appears to be turning into a hackers paradise. Pickle’s native token (PICKLE) plunged 62% on the news, falling from $23.27 to $8.70 when the hack was first reported on Nov. 21. At the […]

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Origin Defi Protocol Suffers Massive Flash Loan Attack- OUSD Stablecoin Value Plunges 85%

Origin Defi Protocol Suffers Massive Flash Loan Attack- OUSD Stablecoin Value Plunges 85%The OUSD stablecoin issuer, Origin Protocol is the latest Defi protocol to fall victim to a flash loan attack. The attack, which occurred in the early hours of Tuesday, on November 17, resulted in the disappearance of tokens worth millions of dollars. Confirming the attack, one of the project’s leaders say they are now working […]

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What Is the Origin Protocol?

The sharing economy is a concept which can make its impact on the cryptocurrency industry. If the Origin Protocol team is to be believed, they will create a sharing economy marketplace using the Ethereum blockchain and IPFS. Commercializing such a project may still prove to be a challenge, although the concept introduces some interesting possibilities. […]

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