DeFi | ForkLog - Part 17

ForkLog 11 24.07.2024

dYdX Trading Restores Website After Breach

The dYdX Trading team has restored the compromised website of the trading platform v3 at dydx.exchange. https://t.co/Ym1dFLLOwx website has been recovered by dYdX Trading Inc. ? Please note that your machine may still be caching the compromised site. Make sure to clear your cache and restart your browser before connecting to the website. — dYdX […]

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ForkLog 19 22.07.2024

Increased Vulnerability of ZK Protocols Highlighted by Experts

Audits of DeFi projects based on zero-knowledge proof (ZK) technology revealed critical errors twice as often as in general cases, according to The Block, citing a report by Veridise. Experts from the company analyzed 1605 vulnerabilities identified during 100 audits. They found an average of 16 issues per audit, with ZK projects slightly higher at […]

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ForkLog 101 17.07.2024

Ignition Launches Omnichain Asset FBTC on Ethereum and Mantle

DeFi project Ignition has launched the omnichain asset FBTC on the Ethereum mainnet and the Mantle L2 solution. The developers announced this on X. The days of limited Bitcoin yield are over. Now users can exchange and bridge $FBTC across Ethereum and Mantle networks, bringing us closer to our vision of Bitcoin’s free growth. Welcome […]

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ForkLog 7 11.07.2024

Cyber Finance to Launch NFT Collection with b0rder1ess, Magic Eden, and Polygon

The team behind the DeFi hub Cyber Finance is set to release an NFT collection in collaboration with b0rder1ess, Magic Eden, and Polygon, as representatives informed ForkLog.

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ForkLog 12 10.07.2024

Uniswap Labs Urges SEC to Reconsider DeFi Regulation Efforts

Uniswap Labs, associated with the DEX Uniswap, has urged the SEC to abandon its proposal to regulate the DeFi sector, citing a recent U.S. Supreme Court decision. Both the SEC and the industry have better ways to spend their resources than in litigation over an unlawful rule. Our letter to the SEC is here: https://t.co/yAltMdmD3e. […]

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ForkLog 15 02.07.2024

Uniswap Wallet to Enable Fiat Transactions via Transak Partnership

Developers of the non-custodial Uniswap Wallet will introduce the option to purchase cryptocurrencies using fiat through Apple Pay, Google Pay, and bank cards. This development is made possible through a partnership with the payment company Transak. Onboard to DeFi Like Never Before!@Transak ? @Uniswap ? Learn more on @TheBlock__ ? https://t.co/BizQCo764F ? @Uniswap integrates @Transak’s […]

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ForkLog 39 02.07.2024

Pendle Protocol’s TVL Plummets 40% Following LRT Airdrops

Since June 27, the total value locked (TVL) in the DeFi protocol Pendle has dropped by 40%—from $6.19 billion to $3.7 billion. This was highlighted by DL News. Data: DeFi Llama. The majority of the withdrawn funds, nearly $3 billion, consisted of liquid restaking tokens, the publication noted. The TVL collapse followed the conclusion of […]

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ForkLog 25 01.07.2024

Analyst Predicts ‘Supercycle’ for DePIN Sector

The DePIN sector is experiencing rapid growth as major companies like Amazon Web Services, Google Cloud, and Cloudflare seek efficient scaling solutions. This was stated by the researcher known as Emperor Osmo. A DePin Supercycle is upon us. We are entering a golden age where Web3 projects significantly enhance the growth of Web2 platforms. I’m […]

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ForkLog 15 26.06.2024

Staking digital gold: how bitcoin miners are reshaping DeFi

In June 2024 the total value locked in DeFi protocols surpassed $100bn. Ethereum remains the leader and largest blockchain by this measure, with roughly a 60% share of the sector. Its dominance stems from the relative ease of building and deploying smart contracts, applications and tokens. Yet some market participants reckon Ethereum’s monopoly could wobble […]

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ForkLog 11 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 9 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 22 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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