DeFi | ForkLog - Part 51

ForkLog 15 01.10.2021

Cream Finance reports recovery of 5,152.6 ETH after hack; hacker received 10% of the stolen funds.

Three weeks after the hack, the developers of the decentralised Cream Finance protocol confirmed that the project had recovered 5,152.6 ETH (about $16.7 million at the time of writing), identifying the hacker with the help of the community.

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ForkLog 24 01.10.2021

DeFi reboot: how Arbitrum became Ethereum’s leading layer-2 solution

ForkLog examined Arbitrum’s features, the reasons behind the rapid growth of its ecosystem, and the pitfalls of this trendy solution.

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ForkLog 15 30.09.2021

R3 to Launch DeFi Blockchain With Its Own Token

R3, the provider of the corporate distributed ledger technology platform Corda, is exploring the possibility of launching a network for decentralized finance (DeFi) as an Ethereum layer-2 solution with its own token. Ledger Insights reports.

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ForkLog 22 30.09.2021

Compound suffers multimillion-dollar losses due to protocol update bug

The developers of the lending protocol Compound reported a bug in the distribution of governance tokens COMP that arose after the activation of RFP-062. According to founder Robert Leshner, in the worst case the damage could exceed $82 million.

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ForkLog 8 28.09.2021

China’s crackdowns spark interest in UNI, but do not boost Uniswap’s on-chain activity

Total Value Locked on Uniswap remains at August lows, with user activity down to January levels. A fresh wave of pressure from Chinese authorities on the industry spurred a surge in UNI purchases, but did not improve on-chain metrics.

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ForkLog 29 27.09.2021

dYdX tops Coinbase in trading volume

Decentralized derivatives exchange dYdX has, for the first time, surpassed Coinbase's spot markets in trading volume.

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ForkLog 33 27.09.2021

Solana: a blockchain for DeFi or Ethereum’s next killer?

ForkLog analyzed the key factors behind Solana's ascent to the summit and its challenge to Ethereum, and assessed the project's prospects of maintaining its current position.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 30 23.09.2021

Cobo Wallet raises $40 million in Series B led by DST Global and other investors

The Singapore-based custodian of digital assets Cobo Wallet closed a $40 million Series B round led by DST Global, A&T Capital and IMO Ventures.

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ForkLog 9 21.09.2021

Hacker drains $35 million in crypto assets from DeFi protocol Vee.Finance

An unknown attacker hacked the lending platform Vee.Finance and withdrew tokenized Bitcoin and Ethereum worth about $35 million.

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ForkLog 14 20.09.2021

Report: Dapp users shift from DeFi to NFT and GameFi

Share of DeFi protocols in the traffic of tracked DappRadar decentralized applications (dapps) from May to August fell from 45% to 18%, giving way to projects in the GameFi and NFT segments (45% and 41%, respectively).

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ForkLog 18 20.09.2021

DeFi project pNetwork loses 277 BTC in hacker attack

The attacker exploited a bug in the code and withdrew 277 BTC (~$12.7 million) from the cross-chain DeFi protocol pNetwork.

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ForkLog 32 20.09.2021

The Invisible Tax on Ethereum: What MEV Is and How to Counter It

The cryptocurrency market is growing exponentially—the total market cap has surpassed $2 trillion, with year-to-date growth of about 180%. DeFi’s TVL stands at $181 billion, up more than 500% since the start of the year. Smart-contract apps are opening avenues for additional income rooted in market inefficiencies and the quirks of Ethereum and other blockchains, with MEV emerging as a new risk for users of DeFi.

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#DeFi