Category: DEX

Exploit Allows Hackers to Siphon $120 Million From Defi Protocol Badgerdao

Exploit Allows Hackers to Siphon $120 Million From Defi Protocol Badgerdao

The decentralized autonomous organization (DAO) called Badgerdao has disclosed that it has “received reports of unauthorized withdrawals of user funds.” The analytics team Peckshield estimates that over $120 million was siphoned in the Badgerdao breach. Badgerdao Suffers $120 Million Exploit — Engineers Pause Smart Contracts According to the official Badgerdao Twitter account, the team has […]

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1inch Network closes $175 million Series B, aims to serve institutional customers

1inch Network closes $175 million Series B, aims to serve institutional customers

1inch Network, a crypto project behind the popular decentralized exchange (DEX) aggregator 1inch app, announced Wednesday that it raised $175 million in a Series B funding round. The announcement comes three months after The Block reported that 1inch was raising at least $70 million in Series B funding. A month after that report, 1inch said […]

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A surprising number of Solana projects are closed-source — but now the tide may be turning

A surprising number of Solana projects are closed-source — but now the tide may be turning

Quick Take Of the $10.7 billion locked in Solana’s top 10 projects, around $5 billion sits with closed-source projects.  But Solana’s founders are pushing for projects to open up, and the message seems to be getting through.   This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature […]

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Current state of DeFi in 2021: Part 1

Current state of DeFi in 2021: Part 1

Quick Take This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report Maker was the largest lending platform by value locked and outstanding debt Curve and Uniswap v3 were the largest decentralized exchanges by value locked and volume, respectively dYdX outpaced other derivatives protocols in volume after the introduction of its […]

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Jack Dorsey’s Bitcoin DEX Project TBD Releases White Paper, Here’s Everything You Should Know

Jack Dorsey, the CEO of Twitter and founder of  Square is a well-known Bitcoin proponent, and his decentralized Bitcoin exchange project called TBD has started to materialize. Dorsey announced his Bitcoin-based Defi plans a couple of months ago, and earlier today the official account of TBD shared a white paper marketing the beginning of the […]

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Square unveils white paper for decentralized protocol that lets you exchange bitcoin, fiat and more

Square unveils white paper for decentralized protocol that lets you exchange bitcoin, fiat and more

Square’s secretive TBD project, which earlier this year was framed by founder Jack Dorsey as “a decentralized exchange for Bitcoin,” has debuted a new white paper. The 18-page document sketches out the design principles and ambitions for the project, which it describes as “a protocol for discovering liquidity and exchanging assets (such as bitcoin, fiat […]

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Games Coins, Defi Tokens, Metaverse Assets Rise Above Market Downturn With Double-Digit Gains

Games Coins, Defi Tokens, Metaverse Assets Rise Above Market Downturn With Double-Digit Gains

While digital currencies like bitcoin and ethereum lost roughly 10% in value during the last seven days, the decentralized finance (defi) economy has weathered the storm better than the top two leading crypto assets. A slew of blockchain games coins, defi tokens, and metaverse assets like gala, crypto.com coin, wax, kadena, wonderland, and avalanche have […]

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The delicate balance of getting a big crypto airdrop right

The delicate balance of getting a big crypto airdrop right

Quick Take In the beginning, crypto airdrops were a great way to reward early adopters of decentralized protocols. But with the emergence of “airdrop farming,” doing a fair distribution is becoming much more challenging. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. […]

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DEX aggregator ParaSwap launches its own token, to airdrop 150 million PSP

DEX aggregator ParaSwap launches its own token, to airdrop 150 million PSP

Decentralized exchange (DEX) aggregator provider ParaSwap Foundation is launching its native token, dubbed PSP, on the Ethereum blockchain by doing a retroactive airdrop. Early users of ParaSwap — some 20,000 accounts — will be rewarded with 150 million tokens, which is 7.5% of the PSP’s total supply of 2 billion. Specifically, “active users on all […]

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