Time to switch from LinkedIn to MetaMask? Not yet, but soon
Thanks to NFTs, crypto wallets will soon enable users to prove their credentials without using third-party background checks. Go to Source Powered by WPeMatico
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Degens borrowing ETH to get fork tokens create headaches for DeFi platforms
Aave has halted ETH lending until the Merge has gone through, while Compound Finance has opted to cap the number of loans and introduce a “jump” interest rate model. Go to Source Powered by WPeMatico
Experts weigh in on the Ethereum vulnerabilities after Merge: Finance Redefined
The top100 DeFi tokens recorded a bearish price action over the past week, with the majority of them trading in the red, barring a few tokens that have shown even double-digit growth. Go to Source Powered by WPeMatico
3 reasons why Ethereum POW hardfork tokens won’t gain traction
A lack of oracle support, DApps being majority supportive of the merge and the fact that Ethereum Classic has minimal developer activity suggests that POW hardforks will fizzle. Go to Source Powered by WPeMatico
Biggest Movers: AAVE, ADA Remain Near 1-Week Highs on Friday
Cardano rose to a one-week high earlier in today’s session, despite cryptocurrency markets mostly trading in the red. Aave was also higher on Friday, with the token remaining close to its highest point in the past week. As of writing, the global crypto market cap is 0.43% lower. Cardano (ADA) Cardano (ADA) was one of … Read more
Value Locked in Defi Loses $5.7 Billion in 5 Days, Smart Contract Tokens Shed 7.8% in 24 Hours
The total value locked (TVL) in decentralized finance (defi) has slid 8.53% over the last five days since August 14, 2022. At the time, the TVL was $67.87 billion but today, the value locked in defi is approximately $62.08 billion. Moreover, the top smart contract platform tokens by market valuation today are worth $372 billion, … Read more
Aave calls on members to commit to Ethereum PoS chain
The outcome will give a good indication of where AAVE token holders stand ahead of the upcoming ETH hard fork. Go to Source Powered by WPeMatico
Aave devs propose freezing Fantom integration, citing lack of traction and potential vulnerability
The Fantom market on Aave V3 adds just $30 each day to the DeFi protocol’s treasury; developers are also concerned that the integration creates security risks. Go to Source Powered by WPeMatico
Aave DAO approving overcollateralized stablecoin splits crypto community
Aave’s stablecoin approval drew wild reactions from the crypto community, with many comparing its fate to TerraUSD (UST); however, Aave proponents were quick to point toward the overcollateralized factor. Go to Source Powered by WPeMatico
Aave DAO Approves the Launch of a Collateral-Backed Stablecoin Called GHO
On Sunday, the non-custodial market protocol Aave announced that the Aave DAO has approved a new stablecoin for the ecosystem called “GHO.” Aave Companies proposed the stablecoin during the first week of July and the collateral-backed stablecoin will be pegged to the U.S. dollar’s value. A New collateral-Backed Stablecoin Crafted by Aave Companies Is Due … Read more