DeFi | ForkLog - Part 20

ForkLog 42 15.03.2024

Berachain Team Valued at $1.5 Billion Following Funding Round

Developers of the DeFi-focused L1 blockchain Berachain have raised $69 million in a funding round, valuing the company at $1.5 billion, according to sources cited by Bloomberg. The round was led by Brevan Howard Digital and Framework Ventures. The agency described the deal as a signal of renewed interest from venture investors in the cryptocurrency […]

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ForkLog 19 13.03.2024

MakerDAO to Embark on Endgame Transformation This Summer

Rune Christensen, the founder of MakerDAO, has unveiled details of the first phase of the Endgame roadmap, dubbed “Launch Season,” set to commence in the summer of 2024. Launch Season is upon us! Endgame focuses MakerDAO towards scalable resilience and sustainable user growth: The goal is 100 billion Dai and beyond Launch Season will bring […]

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ForkLog 15 06.03.2024

WOOFi DeFi Platform Suffers $8.75 Million Loss in Cyber Attack

The team behind the decentralized exchange WOOFi has reported an exploit of its swap service on the Arbitrum L2 network, resulting in a loss of $8.75 million. Earlier today we identified an exploit of WOOFi Swap on Arbitrum. Within 13 minutes, the threat had been contained and we marked all other WOO contracts as safe. […]

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ForkLog 21 05.03.2024

Bernstein Analysts Predict a ‘Big Bang’ in the DeFi Sector

Analysts at Bernstein anticipate a rapid recovery in the DeFi sector, driven by the rise of Bitcoin and a significant influx of capital into spot ETFs, reports The Block.

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ForkLog 40 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 133 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 23 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 57 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 18 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 90 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 28 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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