DeFi | ForkLog - Part 18

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 25 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 22 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 20 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 29 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 16 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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ForkLog 13 11.04.2024

Implications of the SEC’s Confrontation with Uniswap

What will be the outcome of the proceedings? What does the SEC and Uniswap confrontation mean for users? Which other DeFi solutions might attract US authorities’ attention? A potential lawsuit by the SEC against the decentralized exchange Uniswap could set a significant precedent for the cryptocurrency market, though experts consulted by ForkLog express doubts about […]

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ForkLog 18 11.04.2024

MarginFi’s TVL Drops by $160 Million Following Founder’s Departure

Edgar Pavlovsky, the creator of the Solana-based lending platform MarginFi, has announced his departure from the project, triggering a significant outflow of funds from the protocol. I resigned from mrgn today. From working on marginfi, from the research arm, from it all. It’s a world class team — it really is — but I don’t […]

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ForkLog 24 11.04.2024

SEC’s Allegations Against Uniswap Spark DeFi Community Backlash

Uniswap has received a Wells notice from the SEC, potentially leading to a lawsuit. The exchange’s team expressed readiness to fight, deeming the regulator’s arguments weak. The community rallied in support of Uniswap and its founder, Hayden Adams. The largest decentralized exchange, Uniswap, has received a warning from the U.S. Securities and Exchange Commission (SEC) […]

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ForkLog 8 09.04.2024

Trial Begins for Alleged Mango Markets Attacker in the US

On April 9th, a federal court in New York commenced proceedings against Avraham Eisenberg, suspected of orchestrating an attack on the DeFi project Mango Markets in 2022, resulting in the extraction of digital assets worth $116 million. The trial was initially scheduled for December 4, 2023, but was postponed at the defense’s request. Eisenberg was […]

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ForkLog 23 06.04.2024

MakerDAO Founder Warns of Potential DeFi Challenges in the EU

Rune Christensen, the founder of MakerDAO, has indicated that European financial regulators are “highly likely” to interpret DeFi interfaces in a manner that would necessitate a MiCA license. Heard today that there’s a good chance all EU national financial regulators will interpret DeFi frontends to require a MiCA license. This would make DeFi frontends on […]

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ForkLog 8 04.04.2024

CeDeFiAi Announces $10,000 CDFI Token Giveaway

The developers of the crypto asset management platform CeDeFiAi have announced a $10,000 giveaway in CDFI tokens, as reported to ForkLog by the project’s representatives. ?STEALTH LAUNCH GIVEAWAY!? We’re proud to present a massive $10,000 giveaway in $CDFI tokens! ? A total of 100 lucky participants will be chosen randomly. ? ? HOW TO JOIN […]

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