Decentralized Finance

decentralized finance

Markets

Lido Finance Weighs Sunsetting Liquid Staking on Polkadot, Kusama

The proposal comes as MixBytes, Lido’s partner developer firm for Polkadot and Kusama liquid staking, announced it would stop supporting the networks.

By Krisztian Sandor

Mar 9, 2023 at 12:26 a.m. UTC

Mar 9, 2023

LidoPolkadotDOTkusamaLiquid stakingStakingDecentralized FinanceDeFiGovernance

Maverick Protocol automated market maker

Markets

DeFi Protocol Maverick Unveils UniSwap Rival Decentralized Exchange on Ethereum

Maverick Protocol said its automated market maker algorithm offers investors more customization and the potential to earn greater profits than on top decentralized exchange UniSwap.

By Krisztian Sandor

Mar 8, 2023 at 2:00 p.m. UTC

Mar 8, 2023

MarketsDecentralized FinanceDecentralized exchangeAutomated Market MakersTradingInvestingLidoLiquidityDEXPantera Capital

Rising stock market trading chart (Getty Images)

Finance

Startup

DeFi Trading Platform Aurox Seeking Funding at $75M Valuation

The DeFi-focused software developer firm is seeking to raise up to $1 million in a crowdfunding campaign on tZERO.

By Krisztian Sandor

Feb 28, 2023 at 8:37 p.m. UTC

Feb 28, 2023

StartupFundraisinginvestmentDecentralized FinanceDeFiCrowdfundingTzerovaluationsExclusive

Technology

Exploit

DeFi Protocol Platypus to Repay at Least 63% of User Funds After $9M Hack

The Avalanche-based protocol worked with crypto exchange Binance to identify the exploiter responsible for last week's attack.

By Krisztian Sandor

Feb 23, 2023 at 6:04 p.m. UTC

Feb 23, 2023

ExploitDecentralized FinanceStablecoinAvalancheBinance

CDCROP: Darkweb, darknet and hacking concept. Hacker with cellphone. Man using dark web with smartphone. Mobile phone fraud, online scam and cyber security threat. Scammer using stolen cell. (Getty Images)

Markets

Exploit

USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack

The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK.

By Krisztian Sandor

Feb 16, 2023 at 9:34 p.m. UTC

Feb 16, 2023

ExploitDecentralized FinanceDeFiAvalancheFlash LoansAttacksStablecoin

Markets

Clearpool

DeFi Protocol Clearpool Chooses Polygon Network for Its Institutional Lending Platform

Clearpool also opened the onboarding and whitelisting process for institutional borrowers and lenders to its Prime platform.

By Krisztian Sandor

Feb 13, 2023 at 5:00 a.m. UTC

Feb 13, 2023

clearpoolPolygonDecentralized FinanceDeFiInstitutional DeFiLendingInvesting

CDCROP: Ghosts in a pool (MidJourney/CoinDesk)

Tech

Aave

Aave Deploys Native Stablecoin GHO on Ethereum Testnet

GHO joins an increasingly competitive space as rival DeFi protocols also issue or are moving to release their own protocol-native stablecoins.

By Krisztian Sandor

Feb 9, 2023 at 2:00 p.m. UTC

Feb 9, 2023

AaveAave CompaniesDecentralized FinanceDeFiStablecoinLendingYield

U.S. Treasury Department (Nikhilesh De/CoinDesk)

Markets

Yield farming

Flux Finance Launches Lending Token Collateralized by U.S. Treasurys

Flux Finance invests in Ondo’s Short-Term U.S. Government Bond Fund (OUSG) a tokenized version of a Blackrock Treasury Bond ETF.

By Sam Reynolds

Feb 9, 2023 at 8:16 a.m. UTC

Feb 9, 2023

Yield FarmingUSDCTreasury BondDeFiDecentralized Finance

Markets

Decentralized finance

MakerDAO Contributors Propose First Native Liquidity Market Focused on DAI Stablecoin

The proposed Spark Protocol will leverage MakerDAO’s DAI stablecoin and its crypto assets for liquidity, and would be based on lending protocol Aave’s upgraded smart contract system.

By Krisztian Sandor

Feb 8, 2023 at 8:13 p.m. UTC

Feb 8, 2023

Decentralized FinanceMakerDAODeFiLendingDAIMarkets