DeFi | ForkLog - Part 40

ForkLog 15 08.04.2022

Frax Finance to create reserve crypto fund modeled on Terra

The Frax Finance platform of algorithmic stablecoins plans to acquire tokens worth billions of dollars to create a reserve fund backing the FRAX algorithmic stablecoin. The founder of the project, Sam Kazemian, told The Block.

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ForkLog 6 07.04.2022

Report: DeFi sector partially recovers in March after global correction

In March, Bitcoin and Ethereum prices hit 2022 highs at $48,189 and $3,481 respectively, while the DeFi sector partially recovered after the global correction. This is stated in the ForkLog report.

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ForkLog 20 05.04.2022

JPMorgan chief acknowledges value of blockchain and DeFi technologies

The CEO of JPMorgan Jamie Dimon acknowledged that blockchain technology and DeFi applications have value. He wrote about it in a letter to the company's shareholders.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 21 05.04.2022

Convex Finance fixes bug that could have endangered $15 billion

The DeFi project Convex Finance fixed a vulnerability that could enable a rug-pull scheme. The bug was identified by OpenZeppelin researchers.

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ForkLog 33 03.04.2022

Hackers stole more than $15 million in attack on Inverse Finance lending project

On April 2, the Inverse Finance lending project reported a hacking attack in which assets worth $15.6 million were stolen. The protocol team pledged to reimburse users' losses.

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ForkLog 8 30.03.2022

Aave DeFi token price up 30%

Over the past 24 hours, the token of the lending platform Aave rose by about 30%.

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ForkLog 18 29.03.2022

Compound community halves farming rewards

The Compound lending protocol community voted to halve the COMP rewards paid to users for activity on the platform.

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ForkLog 13 25.03.2022

Stargate cross-chain bridge liquidity tops $2 billion within a week of launch

TVL of the Stargate cross-chain bridge reached $2.5 billion a week after launch.

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ForkLog 10 24.03.2022

Bastion Lending Protocol Raises Seed Round

ParaFi Fund led the seed investment round for Bastion, a lending protocol operating on Aurora, a second-layer blockchain platform of the NEAR network. The total amount of fees in Bastion was not disclosed.

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ForkLog 14 24.03.2022

Acala parachain launches $250 million fund to promote its stablecoin

The Acala parachain project, operating in the Polkadot ecosystem, announced the launch of the aUSD Ecosystem Fund worth $250 million. It is designed to stimulate the use of the Acala USD (aUSD) stablecoin.

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ForkLog 12 23.03.2022

Morgan Stanley flags obstacles to continued explosive growth of DeFi

Over-collateralization and regulation will act as constraints on the continued exponential growth of the DeFi sector in the coming years. Analysts at Morgan Staley reached this conclusion, as CoinDesk reports.

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ForkLog 8 22.03.2022

OneRing Finance DeFi protocol hacked for $2 million

Multi-chain yield-optimisation protocol for stablecoins OneRing Finance was hacked. The hacker withdrew $1.45 million using a flash loan, with the project’s losses amounting to about $2 million.

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#DeFi