DeFi | ForkLog - Part 14

ForkLog 47 04.09.2024

Details of Trump Sons’ DeFi Project Unveiled by Media

The protocol World Liberty Financial, announced by Donald Trump’s sons, is set to focus on lending and will be built on the Ethereum blockchain and the Aave platform, according to CoinDesk. The publication examined the project’s white paper and found it describes a lending service “strikingly” similar to Dough Finance. The DeFi application lost $3.1 […]

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ForkLog 18 04.09.2024

Penpie DeFi Protocol Suffers $27 Million Exploit

On September 3rd, a hacker targeted the DeFi protocol Penpie, extracting digital assets worth over $27.3 million, according to experts from PeckShield. The loss is >$27M if we take into account the stolen YT tokens and possibly loss from other chain. https://t.co/5bdhjf2WIH — PeckShield Inc. (@peckshield) September 3, 2024 “The root cause was the introduction […]

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ForkLog 20 02.09.2024

DeFi Protocol Fees Plummet by 24% in August

In August, DeFi protocols collectively garnered $288.38 million in fees, a stark decline from $494.14 million the previous month. This 24.4% drop brought the figure close to February levels, experts from The Block noted. Source: The Block. Lido emerged as the leader with $76.18 million in fees, followed by Uniswap ($49.6 million), Jito ($31.98 million), […]

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ForkLog 26 29.08.2024

Mezo Developers Launch Liquid Staking Bitcoin Token

Developers have launched a liquid staking token for digital gold called stBTC on the Mezo Bitcoin L2 network. As with other similar cases, the asset allows users to earn income while maintaining exposure to the price fluctuations of the leading cryptocurrency. To issue stBTC, one must lock WBTC or tBTC and pay a fee. Holders […]

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ForkLog 72 27.08.2024

MakerDAO Rebrands as Sky, Introduces New Tokens

The DeFi platform MakerDAO has rebranded to Sky and introduced new names for the updated versions of its stablecoin DAI and governance token MKR. Sky is here. The best and easiest place to get rewarded for saving without giving up control. Discover the upgraded tokens, new features, and boosted Sky Token Rewards for early sign-ups. […]

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ForkLog 12 26.08.2024

Vitalik Buterin Addresses Claims of Disregarding DeFi

Ethereum co-founder Vitalik Buterin has responded to accusations that he opposes the development of DeFi within the blockchain ecosystem. The discussion about his stance on decentralized finance applications gained traction in the community following the release of the Steady Lads podcast episode featuring Kain Warwick on August 23. The hosts initiated the conversation with the […]

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ForkLog 34 22.08.2024

Donald Trump Endorses Sons’ Cryptocurrency Venture

Former U.S. President Donald Trump shared a post on his social network, Truth Social, linking to the Telegram channel The DeFiant Ones, associated with his sons’ cryptocurrency project. Source: Truth Social. “For too long, the average American has been squeezed by big banks and the financial elite. It’s time for us to take a stand—together,” […]

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ForkLog 12 19.08.2024

LayerPixel: a review of DeFi infrastructure for the TON ecosystem

In July the Telegram team unveiled new app features, including a Web3 browser built on The Open Network (TON) blockchain. By the end of the month, total value locked (TVL) in the network exceeded $700m, putting it among the 15 largest DeFi ecosystems. These developments followed Pavel Durov’s statement that the messenger’s user base is […]

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ForkLog 6 15.08.2024

Speculation Arises Over The Trump Organization’s Potential Shift to Cryptocurrency

Eric Trump, President of The Trump Organization, has described cryptocurrency and decentralized finance as “digital real estate” and potentially powerful accelerators for the US economy, according to The Post. Trump Jr. noted that more than half of the country’s residents are unbanked and face credit denial. Cryptocurrencies, in this sense, provide accessible collateral with instant […]

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ForkLog 11 14.08.2024

Solana’s Path to $190: A More Realistic Outlook

The rise of Solana to $190 appears more realistic than reaching $300-1000, due to competition with Ethereum’s L2 and the risk of diminishing hype around meme coins. The Firedancer update could set a new standard for blockchain scalability. Expert forecasts for Solana’s price range from $300 to $1000, yet on-chain data suggests a more realistic […]

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ForkLog 15 12.08.2024

Hacker Attacks Persist as a Major Threat to DeFi, Analysts Warn

Hacker attacks and breaches continue to pose a significant threat to the decentralized finance (DeFi) sector, despite a reduction in the total damage in 2023. This conclusion was reached by analysts at Halborn, reports CoinDesk. The report comprises the top 100 DeFi breaches from 2016 to 2023. Total losses amounted to $7.4 billion, with most […]

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ForkLog 18 09.08.2024

Donald Trump Jr. Unveils Platform Aiming to Challenge Banks

Donald Trump Jr. has disclosed details of a cryptocurrency and DeFi-related project he announced the previous day, according to Cointelegraph. The platform aims to address inclusivity issues regarding access to financial services. “We want to take on a large part of the banking world. I think there is a great inequality in that only certain […]

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