DeFi | ForkLog - Part 13

ForkLog 48 27.12.2024

EVAA and TON Foundation Introduce Negative Interest Loans in USDT

The lending protocol EVAA Protocol and TON Foundation have launched a DeFi program offering rewards amounting to 100,000 TON (~$570,000), according to a press release. The program comprises two phases: Borrow rewards. Participants can take loans in USDT with negative interest rates, secured by TON, tsTON, and stTON; Supply rewards. As borrowing volumes increase, the […]

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ForkLog 33 24.12.2024

North Korean Cyber Threats Trigger $249 Million Outflow from Hyperliquid

On December 23, the TVL of the Hyperliquid platform decreased by $249 million to $2.08 billion, according to Dune Analytics. This followed activity by North Korean hackers on the platform and speculation about a potential breach. Data: Dune Analytics. The community speculated that the perpetrators might gain control over most validators, similar to the Axie […]

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ForkLog 10 23.12.2024

Concerns Arise Over Potential Hyperliquid Breach

Several users on X have noted that wallets linked to North Korean hackers are actively trading on the DEX Hyperliquid. Among those commenting was MetaMask wallet developer Taylor Monahan. DPRK’s trading career is…uh….going…..? tbh if i was the dude managing Hyperliquid’s 4 validators (or those fucking ghetto ass binaries on gh) I would be shitting […]

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ForkLog 12 17.12.2024

Hyperliquid Sees $1 Billion USDC Inflow Following Airdrop

Since the genesis airdrop of the native token HYPE on November 29, the Hyperliquid platform has experienced a net inflow of $1 billion in USDC. This was highlighted by Spot On Chain. ? #Hyperliquid is on fire! Since $HYPE‘s TGE on November 29, a massive $1B net inflow of $USDC has entered this chain. The […]

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ForkLog 15 10.12.2024

A customised future: collateralised indices as a foundational model for Web3 derivatives

Many still think of indices as nothing, but “market‑movement gauges”, often confusing them with indicators. In fact, Web 3.0 and Web3 enable remarkably intricate and interesting models. Web3 entrepreneur Vladimir Menaskop explains them for ForkLog readers. Why indices—and collateralised ones at that? The answer becomes clear if you study crises, especially that of 2008. One […]

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ForkLog 21 04.12.2024

HYPE Token from Hyperliquid Triples in Value Within Five Days Post-TGE

On December 4, the price of HYPE, the token of the decentralized trading platform (DEX) Hyperliquid, surpassed $12. Over the past five days since the TGE, the asset has tripled in value. HYPE is essential for staking within the HyperBFT PoS consensus mechanism and serves as a fee for processing transactions in the HyperEVM execution […]

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ForkLog 16 03.12.2024

Bitcoin free banking: from utopia to reality

In Galaxy’s November report on Bitcoin layer-2 (L2) solutions, the firm weighed DeFi’s prospects on Bitcoin. Analysts estimate the segment’s TVL at $50 billion by 2030 (2.3% of the annual supply of digital gold at today’s price). Who will supply liquidity to Bitcoin-based L2s in the coming years, and how? Oleg Cash Coin investigates. Bitcoin […]

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ForkLog 21 03.12.2024

Hyperliquid Joins Top 10 DeFi Platforms by Locked Value

Four days after its genesis airdrop, the decentralized trading platform Hyperliquid, featuring three protocols within its ecosystem, achieved a TVL of $1.353 billion. This placed the project in 10th position, according to DeFi Llama. Hyperliquid surpassed Aptos ($1.239 billion) and Polygon ($1.153 billion). Source: DeFi Llama. During the airdrop, the team distributed 274,153,917.65 HYPE among […]

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ForkLog 9 29.11.2024

Matrixport Foresees a DeFi Renaissance with Trump’s Return

As Donald Trump assembles a pro-cryptocurrency administration, the United States may be on the brink of a potential revolution in the DeFi sector, according to Matrixport. #MatrixOnTarget Report? — Nov 29: #Trump’s Advocates: The Three MenShaping A New #Financial (Crypto) Era#Matrixport #Crypto #cryptomarket #MarketWatch #CryptoInvestors #BTC #ETF pic.twitter.com/wHqKPWsF89 — Matrixport Official (@Matrixport_EN) November 29, 2024 […]

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ForkLog 31 25.11.2024

DeSci Compared to 2019’s DeFi Market by Expert

Protocols in the DeSci space are experiencing a phase akin to the DeFi sector in 2019, according to Andrew Kang, founder of venture firm Mechanism Capital. The DeSci space right now feels like the early 2019 DeFi days. Everything is still raw, experimental, but there’s an underlying understanding from this involved that there is massive […]

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ForkLog 10 20.11.2024

Study Reveals Lack of Decentralization in DeFi Market

Liquidity on decentralized exchanges is concentrated in the hands of a few major providers, diminishing the democratization of access to the DeFi market. These findings were shared by analysts from the BIS in a report. Researchers examined the 250 largest liquidity pools on Uniswap V3 and concluded that a small group of players holds about […]

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ForkLog 61 18.11.2024

Hacker Returns $25.5 Million to Thala in Exchange for $300,000 Reward

On November 15, developers of the DeFi protocol Thala on Aptos recovered $25.5 million in stolen digital assets after reaching an agreement with the hacker. Important Announcement On November 15th 2024, Thala suffered a security breach as a result of an isolated vulnerability in the latest update to v1 farming contracts, allowing the exploiter to […]

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