DeFi | ForkLog - Part 42

ForkLog 20 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 12 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 18 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 13 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 9 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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ForkLog 22 21.03.2022

Hackers breach Li Finance and Umbrella Network DeFi protocols

Li Finance, a DEX aggregator, reported a hacking attack in which 205 ETH (~$591,630) were stolen from 29 wallets connected to the service. The project team closed the exploit and reimbursed the losses to most users.

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ForkLog 24 17.03.2022

Aave unveils the third version of its DeFi protocol

The lending DeFi platform Aave has announced the launch of the third version of its protocol.

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ForkLog 10 16.03.2022

Hackers drain $11 million from Agave and Hundred Finance DeFi protocols

Hackers exploited the DeFi protocols Agave and Hundred Finance, using a reentrancy exploit and flash loans on the Gnosis Chain.

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ForkLog 13 15.03.2022

Hacker exploits Deus Finance DAO, nets about $3 million

The DeFi protocol Deus Finance DAO was hacked, with profits of about $3 million, including 200,000 DAI and 1,101.8 ETH.

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ForkLog 15 10.03.2022

RUNE price climbs 34% as synthetic assets go live on THORChain

On March 9, amid the activation of synthetic-asset pools, the native token of the THORChain cross-chain protocol (RUNE) rose 34%.

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ForkLog 20 06.03.2022

As Andre Cronje exits the industry, yEarn Finance token price falls 11%

Fantom Foundation's senior solution architect Anton Nell and the ecosystem's leading DeFi developer, who is also the founder of yEarn Finance, Andre Cronje, have decided to leave the cryptocurrency industry.

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ForkLog 14 02.03.2022

Alan Howard backs DeFi platform Nested in $7.5 million Series A

The team behind the DeFi platform for social trading Nested closed a Series A funding round led by Brevan Howard, billionaire Alan Howard.

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#DeFi