MakerDAO slashes stability fees as stablecoin demand wanes
Maker hopes to reignite demand for its DAI stablecoin through the fee reduction. Go to Source Powered by WPeMatico
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Polywhale Finance founders accused of rug pull amid abrupt shut down
The founders of the DeFi yield farm have allegedly redeemed over $1 million worth of tokens as the Treasury wallet was drained Monday. Go to Source Powered by WPeMatico
Mark Cuban calls for stablecoin regulation in wake of Iron Finance ‘bank run’
After a bank run on the Iron Finance protocol cost him dearly, Mark Cuban is calling for regulation to define “what a stablecoin is and what collateralization is acceptable.” Go to Source Powered by WPeMatico
Iron Finance Token Slides From $64 to Near Zero Following ‘Large-Scale Crypto Bank Run’
The Iron Titanium token (TITAN) value has quaked a great deal after the project suffered from what the team called “the world’s first large-scale crypto bank run.” After touching a high of $64 per token on Wednesday, the project slid to near zero and remained worthless on Thursday afternoon. Iron Finance Claims Project Suffered from … Read more
Gelato Network launches ‘G-UNI’ Uniswap v3 management token
The new system will rebalance Uniswap v3 positions every half hour, allowing users to reap additional fees with less single-sided liquidations. Go to Source Powered by WPeMatico
Bitdao Collects $230 Million in Private Capital From Investors
As the decentralized finance movement proves its staying power and resilience, one of the world’s largest decentralized autonomous organizations, Bitdao, has concluded a private fundraising round to promote mass adoption of open finance. DAO to Allocate Capital Towards Improving Defi R&D, Funding, & Liquidity As decentralized finance (defi) slowly regains its footing following the May … Read more
Alchemix patches ‘Reverse Rug’ exploit, address $6.5 million shortfall
In an unusual twist for the latest DeFi exploit, the users were the ones to walk away in profit. Go to Source Powered by WPeMatico
Kyber expands to Polygon, announces $30M ‘Rainmaker’ liquidity mining program
The Kyber Network is set to float a $30 million liquidity mining program on both Ethereum and Polygon pools. Go to Source Powered by WPeMatico
New DAO launches after $230M funding round including Peter Thiel, Alan Howard
A new decentralized autonomous organization, BitDAO, announced its launch with a $230 million private sale and major contributions from Singapore-based Bybit. Go to Source Powered by WPeMatico
Billionaire Mark Cuban Commends Defi Economy Dubbing It the ‘Next Great Growth Engine’
On June 13, the billionaire investor and co-host of the television series Shark Tank, Mark Cuban, explained his fascination with decentralized finance (defi) in an editorial published to his blog. Cuban details that many defi organizations are different because they are not corporate entities or based in the United States. He believes that “no one … Read more