DeFi | ForkLog - Part 16

ForkLog 8 26.06.2024

Cryptocurrency Sectors See Varied Growth Since January

Meme coins, RWA, and AI have led the growth across various sectors of the cryptocurrency market. Since January, the average daily return of the ten largest by market capitalization has been 1834%, 213%, and 72% respectively, according to Biteye. Analysts used CoinGecko data from January 1 to June 21. Data: Biteye. Experts highlighted the popular […]

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ForkLog 8 18.06.2024

Investor Interest Shifts from Cryptocurrency to AI

The redirection of speculative investors’ “hot” money into stocks related to artificial intelligence is harming the cryptocurrency market, according to BIT Mining’s Chief Economist Youwei Yang in a conversation with The Block. In his view, the stock market now perceives every piece of AI news as bullish, and thus “in light of the emerging FOMO, […]

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ForkLog 15 16.05.2024

MakerDAO Unveils Plans for a Fully Decentralised Stablecoin

Rune Christensen, the founder of MakerDAO, announced that in a few years, the project will launch a fully decentralised alternative to the DAI stablecoin, tentatively named PureDai. Reconciling the two opposing paths for Decentralized Stablecoins From the moment Dai started scaling, it has been straddling two worlds. One world is the culture of pure decentralization […]

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ForkLog 41 15.05.2024

Lido Founders Secretly Back EigenLayer Rival

The co-founders of the DeFi platform Lido are covertly financing a competitor to the rapidly popular liquid restaking protocol EigenLayer, according to CoinDesk, citing its own sources. Konstantin Lomashuk and Vasiliy Shapovalov have supported a project named Symbiotic through their venture firm Cyber Fund. Paradigm, a major investor in Lido, also participated in the funding. […]

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ForkLog 30 15.05.2024

Sonne Finance DeFi Project Exploited for $20 Million

The decentralized lending protocol Sonne Finance has fallen victim to an exploit, resulting in damages amounting to approximately $20 million. Post-mortem on the exploit of Sonne Finance markets on Optimismhttps://t.co/gBXDsl8ucA — Sonne Finance (@SonneFinance) May 15, 2024 According to the statement, the perpetrator employed a “known donation attack” on forks of Compound v2, one of […]

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ForkLog 60 02.05.2024

Aave Labs Unveils Roadmap for Fourth Protocol Version

Aave V4 introduces a “unified cross-chain liquidity layer.” The new version will feature automated protocol interest rate calculations. Developers propose expanding RWA based on the GHO stablecoin. Aave V4 is slated for release in mid-2025. Aave Labs, associated with the lending platform Aave, has unveiled a roadmap project for the creation of the fourth version […]

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ForkLog 18 25.04.2024

Renzo’s ezETH Loses Peg to Ethereum Following REZ Tokenomics Disclosure

The ezETH token from Renzo’s liquid restaking protocol has lost its peg to Ethereum. On Uniswap v3, the rate momentarily plummeted nearly 80% against ETH. 15-minute ezETH/ETH chart on Uniswap v3. Data: TradingView. Aggregators did not record such a significant depeg. According to CoinGecko, at its peak, it did not reach even 3%. At the […]

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ForkLog 20 23.04.2024

Mantle and Antalpha Prime Introduce Bitcoin-Based Omnichain Asset

The teams behind Mantle Network and Antalpha Prime are set to launch FBTC, a Bitcoin-pegged omnichain asset designed to unlock the potential of the leading cryptocurrency within the DeFi sector. ? Fan the flames of Bitcoin’s revolution with FBTC.https://t.co/Z9VhAL5DIV — Mantle (@0xMantle) April 23, 2024 According to the announcement, FBTC will be able to move […]

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ForkLog 8 19.04.2024

Jury Finds Mango Markets Attacker Guilty

On April 18, a jury found Avraham Eisenberg guilty in the case concerning the attack on the DeFi project Mango Markets in 2022, which involved the extraction of digital assets worth $116 million. This was reported by Bloomberg. During the two-week trial, the defense argued that the defendant committed no crimes. According to his lawyers, […]

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ForkLog 16 15.04.2024

Ethereum Lending Protocol Liquidations Surpass $127 Million

In the first two weeks of April, the volume of liquidated positions in Ethereum’s lending markets reached $127.8 million, exceeding monthly figures not seen since at least June 2022, according to The Block. The dramatic events of summer 2022 were driven by investors’ reactions to the collapse of Terra. The publication noted that the surge […]

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ForkLog 23 15.04.2024

Uniswap Labs Increases Swap Fee via Interface

Uniswap Labs has raised the token swap fee using the DEX interface from 0.15% to 0.25%. The changes did not affect trades involving stablecoins and wrapped tokens, reports The Block. Users can avoid fees by using an alternative interface to access Uniswap. On February 23, 2024, a nonprofit organization associated with the DEX published a […]

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ForkLog 12 12.04.2024

Aave Fork on Blast Erroneously Liquidates $26 Million in Positions

The lending protocol Pac Finance, modeled after Aave and based on the L2 solution Blast, encountered unexpected liquidations of user positions amounting to $26 million. Random Aave fork on Blast decreased Liquidation Threshold (LT) instead of Loan to Value (LTV) causing $26M worth of unnecessary liquidations. Fundamental problem with forking code is the lack of […]

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