DeFi
In-depth research, opinions, and analysis of DeFi trends.
yearn.finance To Launch Permissionless Vault Factory With A Flat 10% Performance Fee
<p>Key Points: Permissionless Vault Factory, an initiative of DeFi protocol yearn.finance enables anyone to deploy an auto-compounding yVault for any Curve pool with an active liquidity measure. Vaults that are factory-deployed carry a fixed 10% performance fee and no management fees. Starting on Tuesday, users can only create vaults for the Curve Finance liquidity tokens,</p>
Defrost Finance Deploys Refund Contract
<p>Key Points: Avalanche-based lending protocol Defrost Finance announced it had deployed the refund contract on the Avalanche C-Chain. Users who were affected in the previous hack can claim their refunds starting from January 11 at 0:01 UTC. *Here are the instructions on how to claim funds: Click on claimRefund to show the function button Write.</p>
Nomad Attacker Address Transfers 1205 ETH To Tornado Cash
<p>Key Points: It has been more than 4 months since. Nomad Bridge was attacked. However, the stolen funds have not been fully recovered yet, a movement has just been revealed that shows the attackers are still trying to withdraw the stolen funds using crypto mixer platforms. According to PeckShieldAlert monitoring data, attackers in the cross-chain</p>
Trader Joe DEX And NFT Marketplace Will Expand To BNB Chain Before Q1
<p>Key Points: By the end of March, BNB Chain will be equipped with the DeFi trading platforms Trader Joe DEX and NFT marketplace. According to a press release from the firm, users of the BNB Chain will be able to trade tokens through Liquidity Book and take part in the introduction of new NFT collections</p>
DeFiLlama’s New DEX Aggregator Surpasses Metamask In 24h Trading Volume
<p>Key Points: Despite being newly launched, DeFiLlama’s liquidity aggregator DEX has surpassed both Metamask and Matcha in the past 24 hours in terms of the trading volume. The most popular application over the last 24 hours, according to the 0x platform that aggregates liquidity across most of the top DEXs, was the new decentralized exchange</p>
Optimism Q3 Governance Fund Grants Program To Begin On January 26
<p>Key Points: According to the official Twitter, the third quarter Governance Fund Grants Program of Optimism will start on January 26. This quarter, the Builders Committee and the Growth Experiment Committee are fully composed of community members and representatives composed to maximize the number of developers on the Optimism Network and the number of users</p>
Convex Finance Will Improve Staking cvxCRV With New Wrapper Contract
<p>Key Points: According to official news, Convex Finance announced that it would soon launch a new staking cvxCRV Wrapper contract. The new contract will allow additional incentives for cvxCRV staking, and users can choose reward currencies (for example, only accept CRV and CVX or only accept 3CRV), pledging that cvxCRV conforms to the ERC-20 standard.</p>
Defrost Finance Smashes Rug Pull Rumors After Losing $12 Million Exploit
<p>Key Points: After $12 million was stolen from the smart contract last week, Defrost Finance, an Avalanche blockchain-based DeFi platform, disputed allegations relating to the rug pull. This week, the blockchain security company DeFiYieldSec claimed that the alleged exploit was an inside job. It asserted that the address that created Defrost Finance‘s multi-sig wallet also</p>
Vader Protocol Now Sunsets For No Solution After The Terra Crisis
<p>Key Points: Vader Protocol, an Ethereum-based liquidity protocol, declared that the team is sunsetting the protocol and that holder of VADER and USDV will receive their money back along with the team’s treasury. The Vader Protocol was created to combine the best elements of popular DeFi protocols in the most equitable manner possible; in order</p>
DCA Protocol Mean Finance Live On Ethereum
<p>Key Points: The decentralized DCA (Dollar Cost Average) protocol Mean Finance is already operational on Ethereum. Users can choose the frequency at which they exchange one ERC-20 token for another. Mean Finance on Ethereum currently accepts ETH, WBTC, USDC, and DAI. Additionally, users have the option to deposit their money with Euler Finance in order</p>
Gamma Strategies Officially Launches On Arbitrum
<p>Key Points: The Ethereum-based Gamma Strategies protocol for active liquidity management on Uniswap V3 is now operational on Arbitrum. Gamma Strategies will also be releasing various structured LP solutions for risk-tolerant and risk-averse LPs in the interim, along with new strategies and descriptions on its web app. The protocol caters to persons with various risk</p>
Avalanche-based DEX Trader Joe Officially Launched On Arbitrum One
<p>Key Points: The Avalanche-based decentralized exchange (DEX) Trader Joe officially launched the Arbitrum network, introducing the centralized liquidity AMM “Liquidity Book” into the Arbitrum One ecosystem. The DEX is expected to launch on the Arbitrum One mainnet in early 2023. The most effective AMM in DeFi is Liquidity Book, which provides traders with zero slippage</p>
Solana-based Protocol Mercurial Renamed ‘Meteora’ After FTX Crisis
<p>Key Points: In a determined effort to disassociate itself from Sam Bankman-Fried’s crumbling companies, the decentralized finance (DeFi) trading project Mercurial intends to relaunch as “Meteora,” distribute a new token to almost all MER holders, and increase its trading portfolio. The Mercurial team claims that a token reset is necessary in light of the FTX/Alameda</p>