Tagged: decentralized finance

Fireblocks Provides Support for EIGEN Token, Access to Restaking via EigenLayer, an Ethereum Ecosystem Protocol

Fireblocks now offers support for $EIGEN, alongside access to restaking via EigenLayer, a protocol in the Ethereum ecosystem. This integration allows ETH stakers “to generate additional rewards” without committing further collateral through a process called “restaking.” EigenLayer is set to launch “the first round of… Read More

SynFutures V3, the Decentralized Derivatives Trading Protocol, Is Live on Blast Mainnet

SynFutures V3, the latest version of the decentralized derivatives trading protocol, is live on Blast mainnet. Now that they’ve brought permissionless perps to Blast, users can reportedly “earn up to 3x the rewards potential through Blast, Blast Gold (Big Bang developer airdrop allocation), and our… Read More

Tether Teams Up with DeFi Bridge rhino.fi to Enhance Cross-Chain Transactions

Tether, which claims to be the largest company in the cryptocurrency industry, and rhino.fi, a DeFi bridge, have announced a strategic collaboration aimed “at enhancing cross-chain transactions and improving the user experience for USDt within the DeFi space.” This collaboration will aim to “facilitate easier… Read More

Digital Assets and DeFi Adoption: Liquid Staking Product xALGO Launches on Avalanche

Folks Finance, the DeFi app on Algorand, continues its expansion into new networks by bringing xALGO into the Avalanche ecosystem. Powered by Wormhole technology, this is reportedly “the first Avalanche-Algorand cross-chain DeFi product available.” xALGO is a liquid staking derivative; “a yield-bearing version of ALGO… Read More

DeFi May Attract Mainstream Users in 2024 with Help of Innovations Like RWA Tokenization, Blockchain Professional Predicts

Jeff Owens, co-founder of Haven1, says that decentralized finance (DeFi) will finally attract mainstream users in 2024, “with the help of innovations like RWA tokenization and the hype around a potential ether spot ETF approval.” However, he also claims that wider adoption “will only happen… Read More

Masa Is Launching ZK-Data Network to Support Incentivized Economy for World’s Personal Data

Masa is launching its ZK-data network and marketplace in hopes of “building an open, secure, and incentivized economy for the world’s personal data.” The launch is slated for Q1 2024. Masa aims to finally empower people to “take back control of their data and be… Read More

SlowMist Analysis of Crypto Address Spoofing Attacks Examines Web3 Platform’s Security Vulnerabilities in Smart Contracts

On December 5, 2023, thirdweb, a Web3 foundational development platform, reported security vulnerabilities in its pre-built smart contracts. As noted in a blog post by SlowMist, this issue affects all tokens “deployed using these pre-built smart contracts, including ERC20, ERC721, and ERC1155 tokens.” Based on… Read More

DeFi and Crypto Security Incidents Report: Significant Number of Hacks, Malicious Activities Occurred within Blockchain Sector in Nov 2023

Based on the insights from the SlowMist Blockchain Hacked Archive, the month of November 2023 was marked by “a significant number of security breaches within the blockchain sector.” In total, 47 distinct incidents were recorded, “cumulatively leading to a substantial loss estimated at around $349… Read More

Matthew Commons of Verified USD Foundation: Blockchain Professional Reveals Challenges Facing Legacy Stablecoins and Development of DeFi

We recently connected with Matthew Commons, President of the Verified USD Foundation, which aims to facilitate seamless, equitable and transparent on-chain and off-chain transactions within the Web3 ecosystem, backed by the Verified USD (USDV) stablecoin. Commons reportedly comes with more than a decade of blockchain… Read More

Injective DeFi Report: Majority of Crypto Trading Activity Focused on Long-Term Holding Strategy

Injective, the blockchain built for finance, published its DeFi Trader Survey 2023. The research draws from various cryptocurrency trading communities, “aiming to provide a comprehensive understanding of how professionals and amateurs approach cryptocurrency trading, their motivations, and valuable lessons for the wider trading community.” Most… Read More

DeFi Adoption: Neo Unveils Ethereum Virtual Machine (EVM) Compatible Sidechain

Neo, the open-source, community-driven blockchain platform, revealed that development is underway on a new EVM-compatible sidechain that will enable developers “to deploy smart contracts, and open the Neo ecosystem up to a wide range of trading-specific use cases such as DeFi.” As a separate blockchain… Read More

DeFi Adoption: Oku, the Crypto Trading Terminal Powered by Uniswap v3, Integrates with zkSync Era, an L2 Ethereum Scaling Solution

GFX Labs, the creators of Oku, the DeFi trading terminal powered by Uniswap v3, are pleased to announce their integration with zkSync Era, a Layer 2 scaling solution for Ethereum. This collaboration brings efficient DEX trading “to zkSync, along with the charts and analytics that… Read More

Project Atlas: BIS, De Nederlandsche Bank, Deutsche Bundesbank to Create Data Platform to Determine Macroeconomic Relevance of DeFi

BIS, De Nederlandsche Bank and the Deutsche Bundesbank are creating a data platform that has potential to shed light on the macroeconomic relevance of crypto-asset markets and decentralized finance (DeFi). Project Atlas combines on- and off-chain information, “creating a layered approach to data vetting and… Read More

Blockchain Firm SlowMist and Struct Finance to Enhance Security Across DeFi Ecosystem

In the DeFi realm, while innovation and opportunity are definitely arising, significant potential risks prevail, according to an update from SlowMist. SlowMist explains that addressing these challenges demands “an active and evolving security approach, parallel in its dynamism and comprehensiveness to the ecosystem it aspires… Read More

Institutional-Grade DeFi Platform, Avantgarde, Appoints New Portfolio Management Specialist

Institutional-grade DeFi platform, Avantgarde, has appointed portfolio management specialist Ainsley To as head of asset management. Avantgarde is known for building and “maintaining the world’s first on-chain asset management protocol, Enzyme.” Appointed to research, design, and manage Avantgarde’s on-chain strategies, To brings a wealth of… Read More

Digital Assets: Helix Institutional Launches to Provide On-Chain Derivatives Trading

Helix, the decentralized orderbook exchange built on Injective, announces the launch of Helix Institutional, enabling the trading of DeFi derivatives products in a permissioned, KYC-enabled environment. This initiative aims “to usher in a new era of decentralized trading for prominent institutions, allowing them to access… Read More

Decentralized Finance: Maple to Establish DeFi, Traditional Finance Services with Lending Marketplace

The funding initiates a multi-year, comprehensive growth roadmap designed to see Maple establish itself beyond DeFi and into the world of traditional finance “as a lending marketplace and technology provider.” As noted in a blog post, Maple has closed “a $5 million strategic funding round.”… Read More

Coinbase incubated Blockchain Base to Offer 1inch Users Access to Deeper Liquidity, Lower Transaction Costs

The expansion to this new Coinbase-incubated blockchain is set to offer 1inch users access to deeper liquidity, lower transaction costs and higher speeds. Continuing its expansion across the DeFi space, the 1inch Network is glad to share that the 1inch Aggregation Protocol and the 1inch… Read More

DeFi Adoption: Elusiv Introduces Private Swaps on Solana, Adding Privacy to Solana’s Ecosystem

Elusiv, a privacy protocol building Web3’s universal encryption layer for a secure decentralized world, has launched the first Private Token Swaps on Solana. Now available via the Elusiv Web App, the Private Token Swap functionality “allows users to exchange assets without disclosing private information about… Read More

DeFi Adoption: Ellipsis Labs Raises $3.3M Seed Round Led by Electric Capital

Led by Electric Capital, Ellipsis Labs’ $3.3M seed round also saw contributions from Robot Ventures and Anagram. Notable angels in this investment round “include Anatoly Yakovenko, CEO of Solana Labs, Marc Boiron, CEO of Polygon Labs, and Keone Hon, CEO of Monad Labs.” Ellipsis Labs… Read More

Send this to a friend