Category: DeFi

DeFi’s first M&A deal? Yearn.Finance and Pickle Finance are set to merge

DeFi’s first M&A deal? Yearn.Finance and Pickle Finance are set to merge

Decentralized finance (DeFi) protocols Yearn.Finance and Pickle Finance are set to merge in what appears to be the first M&A agreement of the DeFi space. Announcing the merger on Tuesday, both teams behind the protocols said they would work together to leverage shared expertise and increase specialization. The actual merger would occur when the second version […]

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DeFi insurance protocol InsurAce raises $1 million backed by DeFiance, Huobi and Signum

DeFi insurance protocol InsurAce raises $1 million backed by DeFiance, Huobi and Signum

Decentralized insurance protocol InsurAce has raised $1 million in a seed funding round. The firm said in an announcement Tuesday that the round was led by DeFiance Capital, a crypto fund that’s focused on the decentralized finance space. Other investors that participated in the round include ParaFi Capital, Huobi DeFiLabs, Hashed, Signum Capital and Lunex […]

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Gnosis Launches World’s First Prediction Market for Decentralized Governance

Gnosis Launches World’s First Prediction Market for Decentralized Governance

One of the earliest builders on the Ethereum network, Gnosis, announced the launch of the cryptocurrency industry’s first decentralized prediction market-driven collective — GnosisDAO. Prediction Market for DeFi Governance Traditionally, a prediction market is a form of exchange-traded markets where a group of people predict the outcomes of a variety of events and bet on […]

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Ethereum 2.0 Deposit Contracts Gather Steam As ETH Price Approaches $600

The Ethereum 2.0 launch remains the hot topic of discussion within the Ethereum community. Earlier this month, Ethereum developer Afri Schoedon launched deposit contracts for Ethereum 2.0. As per the latest developments, the deposit contracts have crossed the half-way mark of the minimum milestone of 524,288 ETH for the Ethereum 2.0 Beacon Chain to go […]

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YFI’s Andre Cronje Unveils Multi-Purpose DeFi Protocol Deriswap

Andre Cronje, the brain behind the popular DeFi protocol Yearn Finance and the most expensive cryptocurrency YFI, has unveiled yet another DeFi protocol called Deriswap. Obsessed With Capital Efficiency The project focuses on capital efficiency, an aspect of DeFi that Cronje said he is obsessed with. The YFI creator is set to change the current […]

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Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think

Exploits and Flash Loans Are Just the Beginning, Defi Economy Is Less Private Than People Think

Decentralized finance otherwise known as defi has climbed significantly in value this year, as the total value locked (TVL) in defi today is over $14 billion. Meanwhile, numerous defi platforms are getting attacked with flash loans and there are so many new defi projects, it’s hard to keep track of them all. Moreover, while many […]

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Market Watch: XRP and ETH Steal The Show As Bitcoin Retracing $700

Market Watch: XRP and ETH Steal The Show As Bitcoin Retracing $700

After almost touching $19,000 for the second time, Bitcoin has calmed and retraced below $18,500 (as of writing these lines). At the same time, most alternative coins have doubled-down on their recent gains. Ripple’s 60% weekly spike has helped the asset overcome Tether as the third-largest cryptocurrency by market cap. Bitcoin Slows Down After Doule-Top […]

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Hacker Steals $20 Million From DeFi Protocol Pickle Finance

Hacker Steals $20 Million From DeFi Protocol Pickle Finance

Another day, another DeFi hack. Pickle Finance just announced that funds deposited in one of its smart contracts were stolen by a hacker hours ago. The team is still investigating how exactly the hacker stole approximately $20 million in funds. Their wallet is still “dormant” and has not started the “money laundering” phase that tends […]

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TrustSwap Leverages its Escrow and Time-lock Services to Build a Startup Launchpad

TrustSwap Leverages its Escrow and Time-lock Services to Build a Startup Launchpad

In recent months, a new DeFi upstart has been making a name for itself in the cryptocurrency arena. It’s called TrustSwap, and it’s purpose-built to fill a void in the crypto industry that’s integral to the continued mission of bridging the gap between crypto and mainstream finance. TrustSwap accomplishes this by providing a service platform […]

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