defi – DIGIT INFO

Yield farming app accumulates $12M TVL 2 weeks after launch

The Origin Ether app deposits Ether into Curve, Convex, stETH, rETH and sfrxETH.

LSD for DeFi: Tenet, LayerZero partner to drive cross-chain liquid staking adoption

Cross-chain interoperability protocol LayerZero’s infrastructure aims to drive liquid staking adoption across the DeFi ecosystem.

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MakerDAO proposal seeks to hike DAI savings rate to 3.33%

The DAI savings rate was previously increased to 1% in December 2022, and led to 35 million DAI being deposited in the span of a month, according to MakerDAO.

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DeFi protocol WDZD Swap exploited for $1.1M: CertiK

The reported attacker is a known exploiter, labeled ‘Fake_Phishing750’ by BscScan.

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Multichain token plunges 30% on backend upgrade delay

The MULTI protocol’s TVL remains largely unchanged at $1.6 billion despite a large selloff in the token price.

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Bitcoin volatility drops amid decline in liquidity, but a possible catalyst is approaching

Bitcoin volatility has dropped as new liquidity is not flowing into the market, but on-chain data presents multiple reasons why BTC investors continue to hold.

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Cashtokens Take Center Stage Following Bitcoin Cash Upgrade: Over 26,000 Tokens Created

Following the recent Bitcoin Cash upgrade on Monday, data reveals that approximately 1,308 fungible tokens and 25,336 non-fungible tokens (NFTs) have emerged on the blockchain. Moreover, the Cashtokens token ecosystem is now accessible through the blockchain explorers 3xpl.com and salemkode.com, allowing users to explore its potential. Bitcoin Cash Upgrade Unleashes Token Frenzy and Infrastructure Support […]

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Over 440,000 Ethereum Added to Liquid Staking Derivatives in Two Weeks

In less than two weeks, the total value locked (TVL) in liquid staking derivatives has increased by 441,110 ether, worth roughly $793 million. While Lido Finance dominates the market with 74.35% of the TVL, competing liquid staking protocols Rocket Pool and Frax Ether have recorded double-digit gains of 34% to 42% in the past 30 […]

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Aave V3 launches on Ethereum layer-2 network Metis

Ethereum layer-2 protocols continue to attract the biggest players in the decentralized finance sector, with liquidity protocol Aave deploying on scaling network Metis.

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Defi Market Holds Steady at $49.31 Billion TVL, Lido Finance Leads the Pack With 24.82% Share

Since April 18, 2023, the total value locked (TVL) in decentralized finance (defi) has been fluctuating just below the $50 billion threshold. As of today, the TVL amounts to $49.31 billion, registering a 1% increase within the last 24 hours. TVL in Defi Shows Signs of Improvement, Yet to Surpass Previous Record of $53 Billion […]

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