DeFi | ForkLog - Part 19

ForkLog 22 20.02.2024

A single interface for CeFi and DeFi: how CeDeFiAi works

The DeFi sector continues to grow — this week total value locked (TVL) exceeded $75bn. Yet the lion’s share of trading remains concentrated on CEX such as Binance and Coinbase.

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ForkLog 5 15.02.2024

EigenLayer’s Restaking Protocol Assets Reach $7 Billion

Amid Ethereum’s robust growth, the total value locked (TVL) in the EigenLayer restaking protocol has reached $7 billion. Since the beginning of the year, this figure has increased nearly sevenfold. Data: DeFi Llama. The restaking protocol has climbed to the fourth position in the DeFi Llama rankings, surpassing platforms like Uniswap and JustLend. Data: DeFi […]

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ForkLog 40 09.02.2024

Frax Finance Launches Fraxtal L2 Blockchain

The DeFi project Frax Finance has activated its own Ethereum-based Layer 2 network. Initially, Fraxtal is available to a limited number of “launch partners.” It’s time for the Fraxtal launch thread! The most important & consequential release since the dawn of Frax itself in 2020. Fraxtal testnet & mainnet are here for select launch partners! […]

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ForkLog 22 07.02.2024

SEC Establishes Oversight Rules for DeFi ‘Dealers’

The regulator has adopted amendments requiring DeFi sector participants to register as dealers. Many crypto players and officials have met the SEC amendments with criticism and confusion. The U.S. Securities and Exchange Commission (SEC) expanded the definition of a “dealer,” bringing more financial operations, including those involving cryptocurrencies, under its jurisdiction. Three out of five […]

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ForkLog 14 07.02.2024

HAI Stablecoin Project Announces Airdrop Ahead of Mainnet Launch

The team behind the lending protocol and decentralized stablecoin HAI has announced an airdrop of the governance token KITE ahead of its mainnet launch on the Optimism platform. The countdown has started! HAI DAO is now accepting applications for DAO delegates and distributing its governance token$KITE governance tokens will be available for claim by @reflexerfinance, […]

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ForkLog 14 30.01.2024

Abracadabra Project Loses $6.5 Million in Exploit

The DeFi protocol Abracadabra Finance has suffered an exploit resulting in losses of approximately $6.5 million, according to experts from PeckShield. Hi @MIM_Spell, you may want to take a look (w/ $6.49M Loss) pic.twitter.com/uHs0JweuoM — PeckShield Inc. (@peckshield) January 30, 2024 Specialists from Blocksec confirmed the project’s loss of “millions of dollars.” They noted the […]

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ForkLog 13 30.01.2024

dYdX Chain Developers Introduce Liquid Staking Support

The team behind the development of the L1 network dYdX Chain, based on Cosmos, has introduced support for liquid staking of the utility token DYDX with the upgrade to v3.0. 1/6 ? The dYdX Chain Protocol v3.0 Upgrade has been successfully implemented at block height 7147832. ?Thanks to everyone who voted and contributed! What does […]

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ForkLog 14 25.01.2024

Synthetix Unveils Third Version of Protocol on Base

The DeFi platform for synthetic assets, Synthetix, has launched the third version of its perpetual derivatives protocol on the Ethereum layer-two network, Base. Derivatives protocol @synthetix_io has launched a perpetuals exchange on @base? Perps V3 gives traders the option of using USDC as collateral. Read more:https://t.co/cpGZrJZUiM pic.twitter.com/cXOvbNJ1XG — The Defiant (@DefiantNews) January 24, 2024 Perps […]

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ForkLog 12 15.01.2024

Fidelity Sees Benefits for DeFi and Stablecoins in Potential Fed Rate Cuts

Institutions may renew their interest in DeFi products and stablecoins if yields in TradFi decline due to the policies of the Federal Reserve. This forecast was presented by Fidelity. Analysts noted that the Federal Reserve’s rate hikes have driven institutions away from the crypto space towards safer traditional fixed-income instruments. According to the report, DeFi […]

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ForkLog 12 11.01.2024

Aave Community Backs Integration of PayPal’s PYUSD Stablecoin

99.99% of voters supported the integration of PayPal’s PYUSD into the DeFi platform Aave’s pools, achieving the necessary quorum. The initiative was overwhelmingly backed. Source: Aave. The vote commenced on December 18 and will conclude on January 11 at 8:21 UTC. The initiative followed a December decision by the decentralized exchange Curve to list PYUSD. […]

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ForkLog 56 06.01.2024

Institutions, hacks and stagnation: DeFi in 2023

Unlike the turmoil of the previous year, 2023 was short on drama. The standout events were Binance’s settlement with US authorities and the departure of Changpeng Zhao as head of the world’s largest crypto exchange. DeFi has yet to recover from the collapse of Terra and the implosion of Sam Bankman-Fried’s empire, both of which […]

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ForkLog 11 28.12.2023

December inflows into Swell’s liquid-staking protocol exceed $125 million

In December, the total value of funds (TVL) locked in Swell's liquidity-staking DeFi protocol doubled. The metric surpassed 105,000 ETH (~$250 million).

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#DeFi