Tag: DeFi
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CFTC Goes After Opyn, ZeroEx, Deridex DeFi Operations in Enforcement Sweep
[ad_1] The three firms face a number of accusations based on their use of blockchain-based protocols and smart contracts to function as trading platforms, according to the CFTC. The U.S. derivatives regulator is ordering Opyn, ZeroEx, and Deridex to cease those violations and pay penalties of $250,000, $200,000, and $100,000, respectively. The companies agreed to…
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Mysterious Owner Of Second-Largest Ethereum Wallet Exposed By DeFi Protocol
[ad_1] Grayscale is known to be one of the largest holders of the flagship cryptocurrency, Bitcoin. However, a recent report by crypto analytics platform Arkham Intelligence suggests that the asset manager could also be the entity with the second-largest Ethereum holdings. Grayscale Holds Close To $5 Billion In ETH Arkham tweeted that it “identified” the…
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Base Again? DeFi Protocol Disappears With $460,000 In Rug Pull
[ad_1] SwirlLend, a lending protocol based on Layer 2 networks Base and Linea, has seemingly executed a rug pull, disappearing with an estimated $460,000 in user funds. According to reports, the project developer drained $290,000 from Base and $170,000 from Linea. This incident is the second significant exit scam executed on the Base network in…
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How DeFi Protocols are Building More Granular and Extensible Capabilities
[ad_1] In the coming months, we can expect more DeFi protocols to divide their functionalities into extensible, programmable micro-primitives. This will lead to a DeFi landscape that is more granular, flexible, and developer-friendly, but also more complex. If DeFi is to become a true parallel alternative to traditional finance, primitives such as lending and AMMs…
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DeFi Project Parrot Puts Fate of Over $70M Treasury, PRT Token, to Vote
[ad_1] One popular way to accomplish this feat is by giving token holders a voting say in the protocol’s operations through a DAO. Indeed, Parrot sold over $80 million of its PRT “governance token” to the public in late 2021. But Parrot never set up a DAO through which PRT owners could vote on anything.…
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NILE by Wemade officially launches NFTFi, an NFT-based DeFi service | by The Capital Platform | The Capital Platform | Jun, 2023
[ad_1] NFT-based Lend and Borrow; Swap to be addedBorrow offers to be auctioned off to the highest bidderNFTFi to heighten NFTs’ value as financial assets and contribute to sustainable WEMIX3.0 ecosystem expansion SEOUL, SOUTH KOREA, 22 JUNE 2023 — NILE, a DAO & NFT platform, officially launched the NFTFi service on 22nd June. NILE (NFT…
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US Judge Dismisses Lawsuit Against DeFi Startup, PoolTogether
[ad_1] The decentralized finance (DeFi) group acquired excellent news yesterday after the 2-year-long lawsuit towards the DeFi protocol PoolTogether lastly got here to an finish. PoolTogether’s co-founder, Leighton Cusack, excitedly shared the replace on Twitter, saying the courtroom has dismissed the case. US federal decide Frederic Block dismissed the lawsuit filed by Joseph Kent towards…
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What is DeFi Returns? A new way of DeFi Investing » CryptoNinjas
[ad_1] DeFi Returns brings complete up-to-date data on DeFi methods and protocols, to simply examine and analyze their efficiency. Getting essentially the most dependable knowledge supply for historic yield on DeFi, to assist customers make knowledgeable selections when investing within the ecosystem. All knowledge displayed is sourced from the protocol’s good contracts straight. The brand…
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MakerDAO Is The Most Expensive DeFi Protocol To Run, Requires Millions
[ad_1] MakerDAO, a decentralized cash market on Ethereum for customers to borrow and lend property, together with ETH, spends $27.66 million yearly to maintain the protocol operating, DeFiLlama knowledge on Could 31 exhibits. This sum of cash is utilized to cowl bills akin to taking good care of the 97 people accountable for sustaining the lending…
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Demystifying NFTs and DeFi
[ad_1] The article was first revealed on November 14, 2021. Up to now month, I wrote on what’s Web3 then continued with an essay simplifying Bitcoin and Ethereum. So naturally, the following step can be to demystify NFTs and DeFi since such improvements illustrate crypto’s most compelling use circumstances. I recognise how technical Web3 is. Innovation…