defi – Page 42 – DIGIT INFO

Lightning Network Protocol Stacks Completes Nakamoto Upgrade With Defi Features

August 29, 2024 by DIGIT

The Bitcoin Lightning Network’s Stacks protocol has completed its Nakamoto upgrade, finalizing a series of enhancements that began in April 2024. This latest phase, delivered on August 28, 2024, introduces stronger transaction finality guarantees, reduces miner extractable value (MEV) opportunities, and improves network resilience. Additionally, the upgrade prepares the network for the introduction of sbtc, … Read more

Solayer Secures $12 Million to Enhance Solana’s Restaking Capabilities

August 29, 2024 by DIGIT

Solayer has raised $12 million in a funding round led by Polychain Capital to advance its integrated restaking network on the Solana blockchain. The initiative aims to address Solana’s scalability and transaction inclusion challenges by leveraging a novel approach to staking and network bandwidth optimization. Solana Restaking Project Solayer Attracts $12 Million Investment According to … Read more

DeFi network Radix team cuts 15% of staff, citing need to ‘refocus’

August 29, 2024 by DIGIT

Piers Ridyard, the CEO of RDX Works said the cuts are part of a “more comprehensive set of changes that need to be made.” Go to Source

BNB Chain to grow stablecoin ecosystem with new cross-chain bridge

August 28, 2024 by DIGIT

BNB Chain will also create a liquidity pool to allow transfers from other chains as part of its efforts to grow its stablecoin ecosystem. Go to Source

Maker, now Sky’s, new stablecoin lashed over ‘freeze function’

August 28, 2024 by DIGIT

The new USDS stablecoin from Maker, now Sky, has a freeze function which the project’s founder claims won’t be part of the token at launch. Go to Source

Flare Network Integrates Polyhedra’s ZK Bridge for Enhanced Cross-Chain Security

August 27, 2024 by DIGIT

Flare Network has integrated with Polyhedra’s ZK Bridge, allowing developers to build secure cross-chain applications. This collaboration leverages Layerzero’s interoperability while benefiting from the robust security of zero-knowledge proofs. Flare Network Expands Cross-Chain Security With Polyhedra’s ZK Bridge According to the announcement shared with Bitcoin.com News, the integration of ZK Bridge with Flare enhances cross-chain … Read more

Ondo’s USDY yield coin expands to Arbitrum

August 27, 2024 by DIGIT

Tokenized treasury products are gaining widespread adoption on blockchain networks. Go to Source

Defi Giant Makerdao Rebrands as Sky, Introduces USDS Stablecoin and SKY Token

August 27, 2024 by DIGIT

The decentralized finance (defi) lending platform Makerdao is embracing a new identity, rebranding as Sky, according to co-founder Rune Christensen. Along with the fresh name, the platform will introduce two new assets: a stablecoin dubbed USDS and a governance token named SKY, both slated for a mid-September launch. Sky Unveils USDS and SKY Tokens Amid … Read more

CoinDCX’s Okto wallet secures operational license in UAE free zone

August 27, 2024 by DIGIT

Self-custodial wallet Okto received its license under RAK DAO, an economic free zone dedicated to virtual assets. Go to Source

Maker DeFi lending protocol rebrands to Sky ahead of USDS stablecoin launch

August 27, 2024 by DIGIT

Maker is also rebranding the world’s largest decentralized stablecoin ahead of the launch of its governance token, SKY. Go to Source