DeFi | ForkLog - Part 14

ForkLog 71 15.11.2024

“Our task is to help people extract more from this bull run.” An interview with GoMining CEO Mark Zalan

In mid-September the developers of the GoMining app launched Miner Wars, a mode that gamifies Bitcoin mining. Since then, about 25,000 users have joined, making in-game purchases of more than $500,000 using the GOMINING utility token. We spoke with GoMining CEO Mark Zalan about democratising mining through NFTs and the growing interest in Bitcoin-based DeFi. […]

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ForkLog 49 14.11.2024

BlackRock Expands BUIDL Integration to Multiple Blockchains

BlackRock has integrated its tokenized money market fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), with Aptos, Arbitrum, Avalanche, Optimism, and Polygon, as reported by The Block. Initially launched with Securitize, the structure was originally available on Ethereum. The initiative aims to enhance the potential of the BUIDL ecosystem. “Each blockchain opens its applications […]

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ForkLog 24 11.11.2024

DeltaPrime Suffers $4.8 Million Theft in ARB and AVAX Tokens

On November 11, the DeFi liquidity protocol DeltaPrime fell victim to a hack, resulting in the loss of Arbitrum (ARB) and Avalanche (AVAX) tokens valued at $4.75 million. Users have been advised to revoke permissions for active smart contracts. According to analysts at PeckShield, the exploit occurred due to a lack of input validation when […]

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ForkLog 9 08.11.2024

US Elections Trigger Surge in High-Risk Crypto Lending

The volume of outstanding high-risk loans in DeFi has surpassed $5 million, recovering after the threat of a complete liquidation of Curve founder Mikhail Egorov’s position, which exceeded $100 million. High-risk DeFi loans are surging as market sentiment drives demand for leverage. However, with the U.S. elections just concluded, heightened volatility remains a concern. Large […]

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ForkLog 12 07.11.2024

Solana’s TVL Surpasses $6.6 Billion, Marking a 360% Increase This Year

The total TVL of decentralized applications within the Solana ecosystem has more than tripled since the beginning of the year, nearing the figures of Tron.

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ForkLog 29 18.10.2024

Trump Family to Receive 75% of Revenue from World Liberty Financial Project

The DT Marks DEFI organization, linked to Donald Trump, is set to claim 75% of the net revenue from the World Liberty Financial (WLF) crypto project launched by his family. This is stated in the gold paper, reports CNBC. According to the document, this involves 22.5 billion governance tokens of the WLFI platform. Based on […]

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ForkLog 55 15.10.2024

Base Surpasses Arbitrum in DeFi TVL Rankings

The total value locked (TVL) in the Base ecosystem’s protocols has exceeded $2.4 billion, slightly surpassing Arbitrum, according to DeFiLlama data.

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ForkLog 19 15.10.2024

Trump Family’s Crypto Project Raises $5 Million in First Hour of Presale

The Trump-backed crypto project, World Liberty Financial, raised $5 million during its token sale, amounting to 1.7% of its target. *TRUMP’S WLFI PRESALE RAISES $5M IN FIRST HOUR *WLFI SITE FACES ON-AND-OFF DOWNTIME, NO TOKEN PURCHASES IN LAST 8 MINUTES — db (@tier10k) October 15, 2024 Observers noted disruptions on the project’s website due to […]

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ForkLog 33 15.10.2024

Justin Sun and his team: How TRON became Ethereum’s chief rival

The TRON (TRX) project began as a token issued on Ethereum before moving to its own blockchain. In an ICO in 2017, the TRON Foundation raised 15,200 bitcoin, selling 40bn TRX at 0.00000038 BTC apiece. From the outset the project embraced the era’s favourite narrative, styling itself an “Ethereum killer” while being based on Ethereum’s […]

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ForkLog 40 11.10.2024

Tokenomics with Vladimir Menaskop. Part two: towards TGE and beyond

From the first part of Vladimir Menaskop’s primer on how to design a project’s tokenomics, ForkLog readers learned the basics of this Web3 business discipline. This instalment turns to sound planning for a startup’s market debut. Key inputs As noted in the first part of the study: “The sequence ‘pre-seed, seed, private A and B, […]

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ForkLog 22 10.10.2024

Uniswap Unveils Unichain: A New Layer 2 Solution for DeFi

The decentralized exchange Uniswap has introduced its own Ethereum Layer 2 network named Unichain, specifically developed for DeFi. Introducing @unichain — a new L2 designed for DeFi ✨ Fast blocks (250ms), cross-chain interoperability, and a decentralized validator network Built to be the home for liquidity across chains pic.twitter.com/lqfJh6Ltio — Uniswap Labs ? (@Uniswap) October 10, […]

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ForkLog 11 01.10.2024

Pike Finance Token Plummets 94% Post-Listing Amid Liquidity Shortfall

The Pike Finance team contributed an equivalent of $10,000 to the liquidity pool on the Aerodrome platform within the Base network. This modest amount led to a 94.1% collapse of the DeFi project’s token following the TGE. Trading commenced at $0.02427, but within 20 minutes, the price had plunged to $0.001436. At the time of […]

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