DeFi | ForkLog - Part 75

ForkLog 15 13.11.2020

DeFi-sector user base up 55% in six weeks

The total number of unique addresses in the DeFi ecosystem surpassed 860,000, according to data from Dune Analytics.

AI translated

ForkLog 14 13.11.2020

Hacker drains $2 million from Akropolis DeFi protocol

An unknown attacker drained the Akropolis project's YCURVE and sUSD liquidity pools in DAI stablecoins for $2 million. He hacked smart contracts that had undergone two audits.

AI translated

ForkLog 17 12.11.2020

Polychain Capital Invests in DeFi Token YFI

The cryptocurrency fund Polychain Capital bought 141 yEarn Finance (YFI) tokens. This drew the attention of Messari analyst Mason Nystrom.

AI translated

ForkLog 13 11.11.2020

In October, the market for Bitcoin-backed Ethereum tokens grew by 21%

The aggregate market capitalization of Bitcoin-backed Ethereum tokens in October rose 21% to 149,550 coins ($2.06 billion).

AI translated

ForkLog 10 11.11.2020

FTX CEO: Ethereum 2.0 cannot handle DeFi load

FTX chief executive Sam Bankman-Fried says Ethereum 2.0 will not cope with the load that the DeFi sector could potentially deliver. He said this during the Defiant podcast.

AI translated

ForkLog 18 10.11.2020

CipherTrace: DeFi protocol hacks surpass $99 million since the start of the year

The amount of funds stolen in 2020 by attackers from decentralized finance protocols reached $99.5 million. The total damage to the crypto industry from hacker activity amounted to $468 million, according to a report by CipherTrace.

AI translated

ForkLog 26 10.11.2020

MyEtherWallet adds support for the 1inch DEX aggregator

The liquidity aggregator from decentralized exchanges, 1inch, announced its integration with the popular Ethereum wallet MyEtherWallet (MEW).

AI translated

ForkLog 35 10.11.2020

Balancer DeFi Protocol Attracts Seven-Figure Sum Through Token Sale

Balancer Labs, the company behind the Balancer decentralized exchange, attracted investments from Pantera Capital and Alameda Research through a direct BAL token sale. The amount raised, which will go toward developing the protocol’s second version, has not been disclosed.

AI translated

ForkLog 48 06.11.2020

What is yield farming?

What is yield farming? Attention! The article is outdated and awaiting an update. Yield farming is the practice of earning additional returns—typically governance tokens—by users of DeFi protocols for lending, borrowing and providing liquidity to decentralised exchanges (DEXs). The first success is widely attributed to Synthetix, but the boom began after Compound launched its governance token (COMP), which drew liquidity providers and pushed the token price higher. Other projects quickly followed.

AI translated

uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 22 05.11.2020

1inch Developers Unveil Updated Platform Version

The 1inch team, the liquidity-aggregator from decentralized exchanges (DEXs), released an update to the platform, according to representatives of 1inch.

AI translated

ForkLog 12 05.11.2020

Percent Finance token plunged after $1m of user funds were locked

The DeFi project Percent Finance, a fork of Compound, warned users about a serious issue on the platform. Against this background, the PCT token plunged by 87.5%.

AI translated

ForkLog 7 04.11.2020

Ethereum network fees fall 65% in October

The volume of fees paid to miners for transactions on the Ethereum blockchain in October amounted to $57.5 million. Compared with September's $166.4 million, the figure fell by 65%.

AI translated

#DeFi