DeFi
In-depth research, opinions, and analysis of DeFi trends.
Wintermute Becomes One Of Ribbon Lend’s First Two Borrowers
<p>Ribbon Finance announced that Wintermute, a crypto market maker, and Folkvang, a crypto HFT trading platform, are the first two borrowers on Ribbon Lend. Ribbon Finance is a suite of DeFi protocols that help users access crypto-structured products. It combines derivatives and fixed income to improve a portfolio’s risk-return profile. The platform announced on its</p>
CFTC Receives Criticism For Legal Imposition With Ooki DAO
<p>The Commodity Futures Trading Commission (CFTC) sparked strong criticism from the community after it filed a federal civil enforcement action against members of the Ooki DAO decentralized autonomous organization over digital asset trading violations. This action is legally imposed on decentralized organizations and has been compared to the action taken by the SEC. The Commodity</p>
Wintermute CEO Full Update About 160 Million Dollar Hack
<p>Wintermute CEO, Evengy Gaevoy provided an update on his $160 million mining operation. Mining virtual addresses can be one of the causes of the hack. Market-making funds are safe for now, as CeFi and OTC operations were not affected by the hack. Wintermute also offers a reward of 16 million for white hat hackers. In</p>
Wintermute Attacked Due To Leaked Private Key
<p>Cryptocurrency security firm BlockSec has revealed that the root cause of the Wintermute attack was a leaked private key. As a result, the attacker created an exchange contract to transfer the assets there. As was updated in an earlier Coincu News article, Evgeny Gaevoy, the founder and CEO of Wintermute, has stated that the company</p>
Infura Launches New Defi Infrastructure Network Supports Ethereum And Web3
<p>Ethereum infrastructure development project Infura will launch a new decentralized infrastructure network capable of providing blockchain APIs with high performance and throughput without a single point of failure, overcoming the discontinuity or stoppage of operation. At the ETHBerlin hackathon on September 16, the Ethereum engineering company Infura revealed plans to create a Decentralized Infrastructure Network</p>
Compound Treasury Allows Investors To Use Crypto As Collateral To Borrow USD And USDC
<p>After a series of recent outstanding developments, Compound Treasury continues to launch the next new direction for institutional investors. Compound Treasury – a cash management solution for institutions powered by the leading lending platform on Ethereum Compound, announced on September 14 that institutions covered by the project’s accreditation can now borrow USD or USDC at</p>
Keplr Wallet Trending On Twitter As The $360,000/Year Integration Fee
<p>The popular Keplr wallet is trending on Crypto Twitter on Monday after users became concerned about the $360,000/year integration fee. Kujira, the Cosmos DeFi project, took to Twitter on Sunday to complain about a $360,000 annual fee to integrate natively into the popular Keplr wallet. Kujira said: As of Monday morning, the term “Keplr” was</p>
Aave V3 Retroactive Funding Proposal Has Been Approved
<p>Aave Protocol tweeted that the idea to provide retroactive financing of $16.28M to Aave company members as compensation for the creation of Aave V3 has been approved. The decentralized autonomous organization (DAO) that powers the decentralized finance (DeFi) network Aave has agreed to grant a retroactive payment of $16.28 million to Aave Companies members in</p>
Aada Finance Announces $25,000 In Bounty Ahead Of Mainnet Launch
<p>Prior to the launch of its mainnet on September 13th, Aada Finance, Cardano’s first NFT lending and borrowing protocol, is holding a bug bounty competition. The reward amount is $25,000 for a critical smart contract vulnerability, as was mentioned in a blog post. Aada Finance, a platform for lending digital assets, is getting ready to</p>
Tornado Cash Was Involved In The Hack Of $500,000 Stolen From DAO Maker Last Year
<p>According to security companies PeckShield and CertiK, a DAO Maker miner’s Ethereum address last year laundered 500,000 DAI stablecoins via Tornado Cash. DAO Maker, a website for crowdsourcing donations that had a hack in August 2021, should not be confused with the Maker DAO stablecoin project. A hacker was able to steal more than $7</p>
Hubble Raises $5 Million To Build A MakerDAO-Like System On Solana
<p>Hubble Protocol, a Solana-based platform for borrowing stablecoins, raised $5 million in a strategic round lead by Multicoin Capital, the business said on Thursday. Previous investors DeFiance Capital, Delphi Digital, Digital Currency Group, Crypto.com Capital, ParaFi, Jump Capital, Decentral Park Capital, CMS, Spartan Group, DeFi Alliance and Mechanism Capital also participated in the round. The</p>
DeFi Activity On dApps Grew 3.7% In August
<p>dApps show a slight recovery for the first time since May, with the daily average of unique active wallets (UAWs) increasing by 3.7% on a monthly basis, according to a report from DappRadar. The increase was partly driven by the Flow protocol, a 577% increase in UAW due to Instagram’s support for NFT and the</p>
Aave Halts ETH Loans As Bellatrix Upgrade Launched
<p>Aave, a decentralized finance lending system backed by Ethereum’s blockchain, has paused Ether (ETH) loans in response to a community vote in favor of the suspension as the Merge approaches. Crypto users can utilize Aave’s protocol to borrow Ether, the Ethereum blockchain’s original digital asset. Notably, the DeFi behemoth has observed increased lending demand in</p>