DeFi | ForkLog - Part 15

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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ForkLog 74 20.09.2024

Conditions for Boosting Ethereum’s On-Chain Activity Identified by Expert

Ethereum network activity could see a significant uptick if the current cryptocurrency rally evolves into a sustained bull market, according to The Block‘s Jasper de Maer from Outlier Ventures. The analyst highlighted that speculation and increased engagement with dapps will primarily drive this growth. “Airdrops will support activity in the latter, as many companies will […]

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ForkLog 49 12.09.2024

Uniswap’s Market Share Dwindles Amidst DEX Competition

Uniswap’s share in the DEX market has declined from over 50% in October 2023 to the current 36%. Analysts at The Block attribute this trend to increasing competition and innovation in the sector. Uniswap has ceded some of its market position to Aerodrome, whose share has surged to 7%. Other beneficiaries include Orca, which has […]

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ForkLog 42 06.09.2024

Up to 125x leverage and hybrid vaults: how the decentralised exchange KiloEx works

In August 2023 Binance Labs invested in KiloEx, a decentralised exchange for trading perpetual contracts that won the sixth season of the Most Valuable Builder (MVB) accelerator. The firm highlighted the DEX’s user-friendly interface as well as its efficient risk and capital management. A year on, KiloEx launched hybrid vaults that let liquidity providers earn […]

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ForkLog 22 05.09.2024

Euler Finance Relaunches with Enhanced Protocol Following $200 Million Breach

The Euler Finance team has launched the second version of its DeFi protocol. The relaunch follows a $200 million attack in March 2023 and comes after 31 audits by Certora, Omniscia, OtterSec, Open Zeppelin, Trail of Bits, and other experts, reports The Block. v2 is positioned as a “meta-lending protocol.” It is designed to allow […]

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ForkLog 10 05.09.2024

Trump-Linked World Liberty Financial Team to Receive 70% of Tokens, Reports Say

Insiders at World Liberty Financial, a project associated with the Trump family, are set to receive 70% of WLFI tokens, according to a draft white paper. This is a significant allocation for a project that aims to address the issues of “dishonest” TradFi, reports CoinDesk. The document indicates that the founders, team, and service providers […]

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ForkLog 57 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 23 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 32 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 89 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 13 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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