Magnate Finance on Base rug-pulls users of $6.5M, as predicted by on-chain sleuth
Magnate Finance first deleted its Telegram channel and X account followed by taking down the website before pulling the plug on its TVL. Go to Source
Decentralization
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Base, Optimism unveil shared governance and revenue-sharing framework
The two networks will share profits and governance using multi-signature wallets, and a ‘Security Council’ will be formed as the ecosystem grows. Go to Source
Exploring the future of AI: The power of decentralization
Although it’s still in its infancy, decentralized AI could be the answer to many technological concerns. Go to Source Powered by WPeMatico
How do DeFi projects generate profit?
If you don’t know where the yield is coming from, you are the yield. This week’s episode of Market Talks discusses how DeFi platforms generate a profit and if high yields are sustainable. Go to Source Powered by WPeMatico
Polygon 2.0 begins groundwork for decentralized governance
This expansion is set to encompass all blockchains and applications running on the Polygon network, thereby democratizing the upgrade process and fostering community participation. Go to Source Powered by WPeMatico
Bipartisan bill to regulate DeFi, crypto security risks, introduced into US Senate
The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.” Go to Source Powered by WPeMatico
Centralized exchanges will become gateways for DeFi: dXdY Foundation CEO Charles d’Haussy
CEO Charles d’Haussy doesn’t view centralized exchanges as competitors for dXdY. Go to Source Powered by WPeMatico
Enterprise blockchain: ‘Ethereum for Business’ explains key use cases
Paul Brody’s “Ethereum for Business” gives a basic overview of enterprise Ethereum, while providing real-world use cases of how EY clients leverage the technology. Go to Source Powered by WPeMatico
Synthetix takes on counterparty risks with Infinex derivatives exchange
The upcoming exchange, Infinex, will cater to both novice and experienced traders by offering features similar to centralized exchanges (CEX). Go to Source Powered by WPeMatico
Token hoarders defeat the purpose of most DAOs: Study
The study also showed that decentralized organizations work best when they’re built around a tight-knit group of focused participants. Go to Source Powered by WPeMatico
