DeFi
In-depth research, opinions, and analysis of DeFi trends.
PancakeSwap Proposes Mainnet Deployment To Aptos
<p>PancakeSwap team released a proposal in the community, proposing to deploy the protocol on the Aptos mainnet. The team plans to deploy 4 of PancakeSwap’s main features, Swap, Farm, Pools, and IFO, on Aptos and launch CAKE natively on Aptos. The voting for the proposal will start on October 21 at 12pm UTC and will</p>
Binance Becomes Second-largest Entity Of Uniswap
<p>Binance, the cryptocurrency exchange, has made a stride toward participating in the governance process of the decentralized exchange Uniswap, becoming the second-largest organization by voting power in the Uniswap DAO. Binance allocated 13.2 million UNI tokens to its own wallet on October 18, which means the exchange may now use those tokens to vote on</p>
a16z Disagree To Break Up MakerDAO Into Smaller Units
<p>The a16z investment fund has spoken out against MakerDAO’s proposal to turn Core Units into MetaDAOs with their own tokens to incentivize users. MakerDAO, one of the largest DeFi protocols, is currently in the midst of a transformation as it tries to come up with plans to accelerate growth and make the protocol more decentralized.</p>
Moola Market Attacker Returns 93% Worth Of Crypto
<p>An attacker has returned about 93% of the cryptocurrency worth more than $9 million that they stole from the Celo (CELO) blockchain-based decentralized finance (DeFi) lending system Moola Market. The Moola Market team tweeted at 6 PM UTC on October 18 that it was investigating an incident and had suspended all activity, adding that it</p>
Moola Market Was Attacked, The Damage Was Estimated At $8.4 Million
<p>Moola Market, a Celo network-based decentralized finance lending mechanism, has ceased operations following an $8.4 million exploit. The attacker earned 8.8 million CELO ($6.5 million), 765,000 cEUR ($700,000), 1.8 million MOO ($600,000), and 644,000 cUSD ($600,000) for his services. After the incident, Moola Market is still actively investigating the incident and has suspended all activities</p>
BitKeep Swap Wallet Attacked On BNB Chain, Over $1 Million In Damage
<p>Web3 BitKeep Multi-chain wallet, BitKeep Swap has been hacked, the development team has carried out urgent action, hacker attack has been blocked, the attack is focused on BNB Chain, causing about $1 million in damage. On October 18, BitKeep Swap announced that their official wallet had been hacked. Their development team urgently investigated and fixed</p>
Aave’s Stablecoin GHO Has First Audit Completed
<p>Aave announced the creation of their decentralized overcollateralized stablecoin GHO on October 14. Aave released an update on the development of its stablecoin GHO, saying that after the Aave DAO voted in favor of deploying a new Aave V3 on Ethereum, it plans to initially deploy the stablecoin on Ethereum’s Aave V3 instead of V2.</p>
Wintermute Paid $96 Million Debt For TrueFi
<p>Wintermute, a prominent crypto market maker, paid off its $96 million debt on TrueFi’s decentralized finance (DeFi) system, according to TrueFi’s loan dashboard, just about three weeks after being hacked for $160 million. The TrueFi loan was one of the company’s largest known outstanding obligations to a DeFi lending platform. In April, Wintermute borrowed $92</p>
MakerDAO Revenue Decreased By $4 Million In Q3
<p>MakerDAO, the Maker Protocol’s governing body, had its revenue decrease in the third quarter of 2022 due to a drop in loan demand and few liquidations, while costs remained high. According to Johnny TVL, a Messari analyst and co-author of The State of Maker Q3 2022, the decentralized autonomous organization (DAO) witnessed its income drop</p>
Solana Mango Was Attacked With Price Manipulation, Losing Over $100 Million
<p>The Solana Mango ecosystem DeFi platform was hacked and lost $114 million. Initial investigation showed that the attackers were able to manipulate the price of its Mango collateral to obtain large loans from the Mango treasury. The platform is still investigating the incident, users need to pay attention before the results are released. According to</p>
QANplatform Bridge Exploited $2 Million By Hackers
<p>According to Etherscan statistics, the quantum-resistant Layer 1 blockchain QANplatform suffered a hostile hack to its bridge platform, resulting in the loss of $2 million in tokens. QANplatform confirmed the hack: According to Etherscan data, two mass withdrawals from the project’s Ethereum cross-chain bridge occurred on October 11 at 08:17 AM and 09:40 AM UTC.</p>
ParaSwap Confirms No Vulnerability Was Found
<p>Supremacy Inc., a blockchain security firm, has tweeted that DeFi aggregator ParaSwap may have been infiltrated, resulting in cash stolen from numerous chains. The exploit might be the consequence of a profanity flaw. On October 11, ParaSwap denied any vulnerability and stated that a more detailed explanation would be provided later. The team did provide</p>
DEX Uniswap Has Been Warped Onto The Ethereum Layer 2 Network StarkNet
<p>Nethermind, an Ethereum development company, has warped the decentralized exchange Uniswap on the Ethereum Layer 2 network StarkNet. The idea is that this will make a version of Uniswap, albeit unconnected with the exchange, available to StarkNet users. In theory, this should make it cheaper for Ethereum users to transfer tokens if they utilize StarkNet</p>