Many yield farmers lost more than they bargained for when they trusted this DeFi dev
Some UniCats users saw their entire token balances drained due to a malicious contract. Go to Source Powered by WPeMatico
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No single blockchain can carry all of DeFi right now, MyEtherWallet founder says
Scaling solutions sometimes come at the cost of decentralization. Go to Source Powered by WPeMatico
DeFi tokens are oversold but revenue and TVL show traders expect a bounce
The pullback in the value of Yearn.finance and Aave signals that the DeFi market may be oversold but increasing revenues of the top projects suggests otherwise. Go to Source Powered by WPeMatico
Security, regulation, and knowledge gaps: Bad crypto news of the week
Check out this week’s Bad Crypto podcast. Go to Source Powered by WPeMatico
Venezuela’s State-Run ‘Defi’ Crypto Exchange Goes Live After Maduro’s Anti-Blockade Speech
Decentralized finance (defi) is allegedly coming to Venezuela after a recent decree from Venezuelan President, Nicolás Maduro and the United Socialist Party of Venezuela. The government recently introduced a defi platform called BDVE that purportedly provides Venezuelan citizens with the means to swap ERC20 tokens in a noncustodial manner. For quite some time now Venezuela … Read more
Stacking Satoshis: Leveraging Defi Applications to Earn More Bitcoin
As decentralized finance (defi) has become more popular, digital currency proponents are making money off of more than 140 yield-bearing cryptocurrencies. While most of the defi ecosystem revolves around the Ethereum network, a number of people leverage these defi applications in order to earn more bitcoin. The following list is a few defi platforms that … Read more
The chance for DeFi to fulfill the technology’s promise
Decentralized finance clearly has the potential to change the world, but most of what carries that moniker today is not at all truly DeFi. Go to Source Powered by WPeMatico
Russian ‘ex-oligarch’ reportedly backing a new DeFi project
The former owner of a Russian bank seems to be pivoting to the decentralized space. Go to Source Powered by WPeMatico
Yield farming platform APY Finance locks $67 million in first hour
APY.Finance is the latest DeFi protocol to explode in popularity, locking more than $67 million of stablecoins in the first hour of launching its mining program. Go to Source Powered by WPeMatico
$1B in Wrapped Bitcoin now being audited using Chainlink’s ‘Proof of Reserve’
Wrapped Bitcoin is now even safer with Chainlink oracles checking custody wallets every ten minutes. Go to Source Powered by WPeMatico