DeFi | ForkLog - Part 21

ForkLog 22 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 22 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 13 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 19 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 70 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 18 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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ForkLog 141 25.12.2023

What is regenerative finance (ReFi)?

We explain the concept of regenerative finance (ReFi), its similarities and differences with DeFi, and the segment’s prospects.

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ForkLog 20 21.12.2023

PancakeSwap community proposes cutting CAKE supply. Token up about 20%.

The PancakeSwap DEX community published a proposal to reduce CAKE's total supply from 750 million to 450 million.

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ForkLog 11 15.12.2023

“Not Bitcoin Is Rising, the Dollar Is Falling”: Year in Review and Forecasts from Vladimir Menaskop

Web3 entrepreneur Vladimir Menaskop on what crypto enthusiasts can expect in the coming years.

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ForkLog 13 15.12.2023

Coinbase-backed startup Qredo closes its crypto exchange

Qredo, the infrastructure provider for crypto custody, abandoned the hybrid-exchange Ankex project due to financial difficulties.

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ForkLog 18 15.12.2023

SafeMoon DeFi Project Files for Bankruptcy

On December 14, SafeMoon's attorney Mark Rose filed for bankruptcy for the DeFi project.

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ForkLog 46 14.12.2023

Yearn Finance loses $1.4 million due to a transaction error

As a result of an 'erroneous scenario' multisig-transaction, Yearn Finance lost 63% of treasury funds in the yCRV LP pool.

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