DeFi
In-depth research, opinions, and analysis of DeFi trends.
Yam Finance Is Considering Sharing Its Treasury With Token Holders
<p>In an effort to save what’s left of the project, token holders of DeFi initiative Yam Finance are debating whether to dissolve the project’s treasury and split the funds among token holders. A project dubbed YFI gave birth to the automated yield farming protocol known as Yam Finance during DeFi Summer. Before it was momentarily</p>
Expert Shows How DeFi Protocols Are Hacked
<p>Kofi Kufuor, a partner at crypto investing behemoth 1confirmation, presents an in-depth examination of crypto protocol assaults. Kofi Kufuor offered his own taxonomy of attacks on decentralized finance (DeFi) protocols and identified key flaws to which this volatile sector is vulnerable. All assaults that resulted in money being stolen from crypto protocols, according to his</p>
Cardano DEX AdaSwap Announces Partnership With Multichain
<p>DEX AdaSwap announces a partnership with Multichain. Users can now swap the protocol native tokens directly from the Ethereum network to the Milkomeda network and vice versa through one easy bridge on Multichain. AdaSwap, the next-generation Cardano DEX, has teamed up with Multichain, a major cross-chain router. The protocol confirmed the news in a Saturday</p>
yearn.finance Launches Yearn Vaults On Optimism
<p>DeFi yearn.finance (Yearn Finance) aggregator announced that it launched Yearn vaults on Optimism, which provides farming opportunities for some vaults such as DAI, WBTC, WETH, USDC and sUSD. yearn.finance states that building vaults on Optimism bring many overpowered opportunities for yield farming. yearn believes that inexpensive gas will provide customers with a high yield on</p>
Tornado Cash Accessible With Crypto Dev’s Initiative
<p>Former DeFi protocol Synthetix creator Liam Zebedee has established a means for crypto users to access blockchain protocols such as Tornado Cash, which has been kept entirely unavailable. Dappnet is an application network created by Zebedee. It claims to enable access to decentralized apps by combining IPFS (a decentralized hosting service) with the Ethereum Name</p>
GoldenTree Invests $5.3 Million Stake In SUSHI Token
<p>GoldenTree, an asset management organization with over $47 billion in assets under control, has invested $5.3 million in SushiSwap’s governance token (SUSHI). In a post on the SushiSwap user forum, GoldenTree explained their purchase as well as its larger plan for SushiSwap and crypto in general. The company wrote: “We believe Sushi has incredible potential.</p>
1inch Wallet Users Allow To Make Address With Domains Names Through Unstoppable Domains
<p>Unstoppable Domains, a nonfungible token (NFT) domain name supplier and digital identity platform have announced a cooperation with the 1inch network. The cooperation, according to the statement, would allow 1inch Wallet users to make transactions in a more user-friendly manner by substituting complicated addresses with domain names. This is exactly what ENS provides: the replacement</p>
Notable NFT Defi Projects In 2022
<p>We had a booming July with NFT free-mint projects, the community’s concern at that time was focused on the rapid inflating but missed typical NFT feature building platforms like SudoSwap‘s recent airdrop. Learning from previous shortcomings, Coincu will introduce you to NFT projects built and integrated with DeFi tools. Indeed NFT is an illiquid asset</p>
Ooki Dao Considering 4 Potential Actions Against CFTC
<p>Faced with the recent lawsuit filed by the CFTC against the Ooki DAO, members of the community identified four possible action items in response to this lawsuit. The DAO could hold a vote in the coming weeks to decide how to address its protection issue. As mentioned in an earlier Coincu News article, The Commodity</p>
Pantera Capital Raises $1.25 Billion For Second Blockchain Fund
<p>The American asset manager that specializes in cryptocurrencies, Pantera Capital, is looking to raise $1.25 billion for its second blockchain fund. CEO Dan CEO Dan Morehead says its second fund will be completed in May 2023. In a recent interview, Pantera Capital’s CEO Dan Morehead disclosed that the company plans to launch a second blockchain</p>
Summary of 7 important pieces in the DeFi market (2022)
<p>DeFi Market Overview DeFi is decentralized finance (also known as open finance) where anyone can access and use financial applications anytime, anywhere without censorship. of any centralized organization (bank, brokerage, etc.). In the DeFi space, there are financial services similar to traditional financial markets, such as Borrowing, lending, and trading… But these services operate on</p>
PancakeSwap Launches StableSwap For Stablecoin Trading
<p>BNB Chain-based DEX PancakeSwap announced the launch of StableSwap, which aims to offer stablecoin trading pairs with lower slippage and lower trading fees. This StableSwap is an implementation of Curve Finance’s AMM on PancakeSwap. The trading fee is 0.04%. The first trading pair on StableSwap is HAY/BUSD. Users will be able to swap their stablecoins</p>
Opera Integrates Elrond (EGLD) For Over 300 Million Users
<p>Recently, the Opera Web3 browser has integrated Elrond (EGLD). This will allow over 300 million users of the platform to gain access to Elrond Ecosystem Tokens & dApps. Cross-platform Web3 crypto browser Opera has announced plans to integrate Elrond blockchain services for more than 300 million users. The integration will give users on the platform</p>