Tag Archives: DeFi News

The leading Bitcoin layer-2 network, Stacks, has commenced implementing its Nakamoto upgrade, which will enhance functionality and integration with its base blockchain. According to a press release shared with CryptoPotato, Stacks began the Nakamoto Activation Sequence on August 28. The process has four key steps, including the final code delivery, Cycle 92; the upgrade period for network operators; Cycle 93, which entails core developers selecting the final hard fork; and...

Decentralized blockchain network Internet Computer Protocol (ICP) has released a new roadmap for driving decentralized artificial intelligence (DeAI) and chain fusion in the web3 space. According to an official statement sent to CryptoPotato, ICP is unveiling the Year 4 Internet Computer Roadmap to celebrate the third anniversary of its mainnet launch. ICP Releases New Roadmap The new roadmap summarizes three years of progress on ICP’s mainnet and outlines major development...

Decentralized blockchain network Internet Computer Protocol (ICP) has successfully implemented threshold-Schnorr signatures to harness the potential of Bitcoin-based decentralized finance (DeFi) and web3. According to a release seen by CryptoPotato, the new cryptographic signature scheme will enable ICP smart contracts to etch the Bitcoin token standard, Runes, and trade BRC-20 tokens. Implementing Threshold-Schnorr Signatures Threshold-Schnorr is a digital signature scheme...

The team behind the Wilder World metaverse has entered a partnership with technology giant Samsung to bring its multiplayer virtual world to a wider audience through the company’s smart TVs. According to an announcement sent to CryptoPotato, the collaboration will leverage Samsung’s extensive distribution network to introduce Wilder World to millions of households. Wilder World Taps Samsung for Metaverse Integration Wilder World’s integration into the Samsung ecosystem will...

DeFi market maker Swaap Finance has launched a new service called Swap Earn, allowing users to earn an extra yield on already yield-bearing assets. The protocol tops up investor returns through market-making yield, spreading investors’ assets across multiple pre-defined protocols. Yield On Top Of Yield Market making is when DeFi users provide liquidity to decentralized exchanges, allowing fellow crypto buyers to easily find sellers, and vice versa. Market-making yield can...

Price feed oracle and market data provider Pyth Network has released new price feeds for two blockchain tokens: W and USDB. According to a press release shared with CryptoPotato, both price feeds have become available on roughly 50 blockchains that have integrated Pyth in their protocols. Pyth Launches Price Feeds For W And USDB W is the governance token for Wormhole, a cross-chain messaging platform that allows developers to build interoperable decentralized applications....

Avalanche Foundation, the non-profit organization behind the Avalanche ecosystem, has launched the first phase of a $1 million liquidity mining incentive program dubbed Meme Coin Rush. According to an announcement seen by CryptoPotato, the first phase has been kicked off with participation from liquidity management and decentralized market-making platform SteakHut and decentralized exchange Trader Joe. Avalanche Begins Memecoin Rush Meme Coin Rush was created to help scale...

The encrypted Ethereum layer 2 network, TEN (aka The Encrypted Network), has announced the completion of a $9 million funding round led by the banking consortium R3. TEN is a layer 2 rollup platform targeting encryption, MEV prevention, scalability, and gas efficiency. It’s said to offer “a balance between Optimistic-based L2s and ZK-Rollups.” Using encryption, TEN lets developers choose which parts of their smart contract they’d like to keep private, and which parts public....

Web3 omni-chain interoperability platform Analog has achieved a funding milestone, raising $16 million to advance its data accessibility and cross-chain communication plans. According to a press release seen by CryptoPotato, Analog intends to become a one-stop shop for blockchain interoperability in the web3 space. Analog Raises $16M to Further Operations The funding round involved participation from several crypto projects, venture capital firms, and angel investors,...

Friend.tech has been a major catalyst behind Coinbase’s layer 2 network – Base’s – initial explosion. The decentralized social network, however, experienced a significant decline since September with several metrics hovering near all-time lows. According to the latest data compiled by Dune Analytics, the number of new users on Friend.tech was recorded to be 682 as of November 2nd as compared to its peak of over 70,037 on October 15th. Friend.tech created a buzz with its beta...