Category: DeFi

OlympusDAO Establishes OHM as a Liquid Asset within the Balancer Ecosystem

The decentralized finance protocol OlympusDAO collaborated with Balancer to set up OHM as a liquid asset within the latter’s network. CopperLaunch and PrimeDAO will facilitate the front end of the Liquidity Bootstrapping Pools (LBPs) by adding OHM as a collateral token. The Specifics of The Project According to a document seen by CryptoPotato, the decentralized […]

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Layer by Layer Issue 17: Fantom, Solana, Harmony, and NEAR

Layer by Layer Issue 17: Fantom, Solana, Harmony, and NEAR

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding Blockchain ecosystems are now emerging faster than ever with the help of EVM, bridges, and incentives Growing L1 networks continue to face unexpected […]

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Cardano surpasses Ethereum in transaction volume, ADA shoots up 13% – here’s why

Cardano (ADA) has surged 13 percent in the day and surpassed Ethereum in terms of transaction volume. Investors highly anticipate the launch of SundaeSwap DEX this Thursday, along with the developments following it. Cardano (ADA) is the current highlight of the crypto space following recent achievements and expected developments. ADA has gained over 13 percent […]

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Peckshield Reveals Over 50 Potentially Dubious Projects on Binance Smart Chain

In yet another concerning development, the prominent blockchain security firm, Peckshield, revealed looking into more than 50 potentially dubious projects on Binance Smart Chain(BSC). Rug Potentials on Binance Smart Chain Rug pulls were a frequent occurrence in the crypto space in 2021. In this kind of scam, developers of a DeFi project abandon it unexpectedly […]

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A new lawsuit is putting the principles of DeFi to the test and could define the future for the nascent sector

A new lawsuit has been filed against Pool Together, a cryptocurrency savings company that gamifies the savings accrued by crypto holders. The lawsuit against Pool Together could define the future of the sector and if the protocol loses, it could spell doom for DeFi as it takes off. Decentralized finance is soaring. And while much […]

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Study Shows 1,000 Projects Control $100 Billion Worth of Locked DeFi and Web3

Study Shows 1,000 Projects Control $100 Billion Worth of Locked DeFi and Web3

A recent report by Electric Capital Developer shows that more developers are getting involved in the decentralized technology space. The 2021 paper shows that $100 billion worth of smart contracts has been locked in Web.3.0 project platforms. $100 Billion Controlled by 1,000 Developers DeFi projects which rarely record remarkable success are also among the focus […]

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Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58%

Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58%

Four days ago, the total value locked (TVL) in decentralized finance (defi) was coasting along at $255.84 billion and since then, the TVL has dropped ​​8.55% in value. During the last 24 hours, the TVL has slid 2.80%, and Curve’s $23 billion locked today represents 9.84% dominance. Value Locked in Defi Takes a Hit, TVL […]

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JPMorgan Report States Ethereum Might Lose Defi Dominance Due to Scaling Issues

JPMorgan Report States Ethereum Might Lose Defi Dominance Due to Scaling Issues

A note from JPMorgan states that Ethereum might be at risk of losing defi dominance as a result of its inability to produce effective scaling solutions fast. The note, written by Nikolaos Panigirtzoglou, managing director of global markets strategy at the firm, further stated that other new smart contracts-enabled blockchains are the ones taking this […]

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Serum community foundation raises $75 million in token sale from Tiger Global and others

Serum community foundation raises $75 million in token sale from Tiger Global and others

The Incentive Ecosystem Foundation, a community-led foundation of Project Serum, has raised $75 million in a new funding round. Serum is a Solana-based decentralized exchange and liquidity infrastructure platform. Tiger Global, Commonwealth Asset Management, Tagus Capital, executives at Golden Tree Asset Management, and several other investors participated in the round. This was a token funding […]

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