DeFi | ForkLog - Part 20

ForkLog 32 05.03.2024

‘Every token is already a micro-pool’: ERC-404 as a Frankenstein’s monster in NFT 2.0

Back in 2020, NFT 2.0 projects could be counted on one hand. Today, thanks to Uniswap v3, the NFTfi segment and lending protocols such as Blend and NFTX, the topic gets more airtime—usually without much detail. Web3 entrepreneur Vladimir Menaskop set out to fill the gap. Today I want to examine aspects of ERC-404 that […]

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ForkLog 119 04.03.2024

Delta‑neutral synthetic dollars: why the USDe stablecoin matters

Disclaimer This article is for information only and does not constitute investment advice. In March 2023 published his essay Dust on Crust, in which BitMEX co-founder Arthur Hayes criticised fiat-backed stablecoins. In their place he proposed the Naka Dollar (Satoshi Nakamoto Dollar), a decentralised “stable coin” governed by algorithms. Hayes envisaged a token pegged to […]

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ForkLog 21 23.02.2024

Blueberry DeFi Protocol Halts Operations Following Exploit

On February 23, the lending protocol Blueberry froze its platform and halted withdrawals to prevent a hacking attack. UPDATE: The protocol has been paused. Funds currently deposited are no longer exploitable and we will update as we have more information https://t.co/otsa1WZMEj — Blueberry Protocol Foundation ?? (@blueberryFDN) February 23, 2024 Eventually, the situation stabilized and […]

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ForkLog 55 23.02.2024

Pantera Capital Predicts Bitcoin Surge to $147,000 by 2025

Bitcoin is projected to rise to $147,000 by 2025. The DeFi ecosystem based on digital gold could reach a value of $72-450 billion. Based on previous halving cycles, Bitcoin’s price is expected to drop to $35,448 in April 2024, followed by a rise to $147,000 in 2025, according to forecasts from Pantera Capital. With all […]

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ForkLog 15 22.02.2024

Gauntlet Ends Longstanding Partnership with Aave

Gauntlet, a company specializing in risk management within DeFi, will cease its partnership with the lending platform Aave after four years of collaboration. Co-founder John Morrow cited last year’s challenges in “navigating conflicting guidelines and unwritten goals of major stakeholders” as the primary reason for the decision. He also mentioned instances of what he considered […]

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ForkLog 80 21.02.2024

Tokens for noise and a Web3 alternative to Google Maps: the most interesting DePIN projects

At the end of 2023, leading analysts and funds, as is customary, published their investment forecasts for the coming year. Many converged on the appeal of decentralised physical infrastructure (DePIN). This article by Sergey Golubenko explains how the segment works and why investors are focusing on it now. What is the idea? In the 2010s […]

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ForkLog 26 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 6 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 53 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 26 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 15 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 20 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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