Tag: decentralized finance
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Algofi, Leading DeFi Protocol in Algorand Ecosystem, Ceases Operations
Algofi, the prominent decentralized finance (DeFi) protocol operating within the Algorand ecosystem, recently made a surprising announcement that it will be discontinuing its operations. The protocol, which gained significant attention…
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Multichain Witnesses Massive Abnormal Outflows Worth $117 Million in 12 Hours
Multichain, a prominent blockchain platform, has experienced an overwhelming surge of abnormal outflows within the past 12 hours. The total value of the assets transferred to a new address, is…
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How does Blend determine the value of NFTs used as collateral for loans
Blend, a pioneering lending protocol, has revolutionized the way non-fungible tokens (NFTs) are used as collateral for loans. This cutting-edge platform matches users looking to borrow against their NFT collateral…
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Tether Launches U.S. Dollar-Pegged Tokens on Kava
Tether Operations Limited (Tether), the leading provider of stablecoins, has announced its partnership with Kava, a layer-1 blockchain platform designed for scalability and speed. This collaboration will introduce U.S. dollar-pegged…
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APE and APE Staking Encounter Hack Attempt
The ApeCoin ecosystem has fallen victim to a major hacking incident. The hacker, who goes by 0x8f7370D5d461559f24b83ba675b4C7e2Fdb514cC, has managed to exploit vulnerabilities within the system and gain approximately 630,000 USD…
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Polygon 2.0: a blueprint to build the ultimate Value Layer
Polygon, a leading blockchain platform, has unveiled its ambitious vision to construct the Value Layer of the Internet. This groundbreaking initiative aims to democratize access to the global economy, enabling…
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Tenet Protocol: Introducing a Revolutionary Public Blockchain for LSD
With the increasing popularity of the LSD (Liquidity Staking Dollar) narrative, innovative mechanisms are emerging within the LSD space. Today, we introduce Tenet Protocol, a groundbreaking Layer 1 blockchain designed…
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dYdX Sub-DAO: Empowering Community Governance in DeFi
In a remarkable show of support, the decentralized perpetual contract protocol, dYdX, has witnessed an overwhelming 99.95% community approval rate for the “Launch of dYdX Operating Sub-DAO V2” proposal. This…
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DeFi Tiger Token Launches to Raise Awareness for Tiger Conservation
A new cryptocurrency, DeFi Tiger Token (DTG), has launched with the goal of raising awareness for tiger conservation. The token is built on the Binance Smart Chain network and is…
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Gitshock Finance Aims to Accelerate Mass Blockchain Adoption
Gitshock Finance, a web3 startup company, is on a mission to accelerate mass blockchain adoption. The company consists of two public blockchains, one blockchain protocol, blockchain software as a service,…
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Marlowe: The Game-Changing Smart Contract Platform on Cardano’s Mainnet
Cardano builder Input Output Global (IOG) about the availability of Marlowe, a platform for financial products as smart contracts, on the Cardano mainnet. Marlowe Goes Live on the Cardano Mainnet…
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MakerDAO Proposes Significant Increase in DAI Savings Rate to Boost DeFi Landscape
MakerDAO, a prominent player in the decentralized finance (DeFi) space. MakerDAO has proposed a substantial increase in the DAI savings rate, aiming to stimulate growth and attract more users to…
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Bug in Aave V2 on Polygon Network Locks $110 Million in User Assets
Aave V2, a decentralized finance (DeFi) lending protocol operating on the Polygon network, has encountered a significant bug that has rendered approximately $110 million worth of user assets inaccessible. The…
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Curve Finance Launches crvUSD UI and Announces Future Expansion
Curve Finance Introduces crvUSD UI and Plans to Expand Market Offerings. Curve Finance, a prominent decentralized finance (DeFi) platform, unveiled the launch of its new crvUSD UI. This user interface…
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Maker Dao Launches New Decentralized Finance Solution Spark Protocol
On May 9, 2023, Spark Protocol will officially launch, providing a brand new decentralized finance (DeFi) solution for users seeking supply and borrow features for ETH, stETH, DAI, and sDAI….
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The Rise of DeFi Platforms: How They’re Changing the Financial Landscape
As the world becomes increasingly digital, so too is the way we manage our finances. Decentralized finance (DeFi) platforms have been gaining popularity in recent years, offering a new way…
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The Rise of Stablecoins: A Potential Solution to the Banking Crisis?
JPMorgan recently released a research report highlighting an intriguing development in the financial world. With the collapse of Silvergate Bank, Signature Bank, and Silicon Valley Bank, many fintech payment companies…
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Binance Converts $1B Recovery Funds to Native Crypto
In response to the evolving landscape of stable coins and traditional banking systems, Binance has announced its plans to convert the remaining $1 billion Industry Recovery Initiative funds from BUSD…
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