Tag Archives: DeFi News

Polkadot’s innovation hub Astar Network has partnered with DeFi network Acala to boost decentralized finance (DeFi) by unlocking new opportunities and rewards for developers in the Polkadot ecosystem.  The two entities have joined forces to launch a new DeFi program dubbed “Astar x Acala DeFi Rising.”  The DeFi Rising Program According to a press release seen by CryptoPotato, the program will allow developers to build apps on Astar’s dApp ecosystem while leveraging Acala’s...

DeFi Land, a multi-chain agriculture simulation gaming project built on the Solana blockchain, has unveiled its first play-to-earn game created to gamify all aspects of decentralized finance (DeFi). DeFi Land Launches New P2E Game As per the press release shared with CryptoPotato, the game, scheduled to go live on May 18th at 8 PM UTC, will allow players to fish, shoot, farm, drive harvesters, carter for pets and do lots more. In return, players will earn DFL and GOLDY, the...

Okay, Bears has quickly become amongst the most popular collections of non-fungible tokens based on Solana. At the time of this writing in May 2022, the collection has also become the most actively traded one on OpenSea, surpassing the likes of the Bored Ape Yacht Club, Azuki, CloneX, and others. The following is a deep dive on Okay Bears and everything there is to know about the collection.  What Are Okay Bears NFTs? Okay Bears is a collection of 10,000 non-fungible tokens...

Industry analytics firm DappRadar has just released a report on the situation, and it doesn’t look pretty. On May 13, the firm reported that DeFi’s total value locked (TVL) is down more than 40% over the past seven days. It stated that the slump had been caused by investors flipping tokens into stablecoins in preparation to cash out into fiat. However, the massive slump in token prices would also have impacted TVL, a dollar-based figure. At the time of writing, DappRadar was...

Since the 21st of November 2021, the team at Polkadot has conducted regular DOT-based auctions for one of the coveted slots in their parachain network. There are plans for 100 parachain slots, give or take. Auctions for the first 41 have already been planned, with one happening roughly every ten days. The 16th auction started on the 29th of April and ended on the 6th of May with a victory for Polkadex, an order book-based DEX with support for Polkadot, Ethereum, and the...

When it comes to blockchain transactions, some mistakes are irreversible and could cost one a fortune. Sadly, though, every now and then, crypto investors make these as the most recent one was from the owner of Ape #6462, who sold the NFT for $200 USDC. BAYC Holder Sells Ape #6462 for $200 On Sunday, Boredapebot, a Twitter handle that posts sales of Apes from the Bored Ape Yacht Club (BAYC) collection, revealed that someone sold Ape #6462 for a measly 200 USDC ($200). Bored...

Prominent decentralized finance protocol, Bancor has announced the launch of its v3, dubbed Bancor 3. The release on the mainnet comes six months after the project first shared the details of features. Bancor 3 Goes Live According to the official blog post, Bancor’s latest version is focused on encouraging broad and sustainable involvement in on-chain liquidity markets by simplifying passive liquidity provision in automated market-maker (AMM) liquidity pools. Following the...

On May 1, the NEAR Protocol Rainbow Bridge was attacked. The cross-chain bridge had temporarily been suspended for maintenance after detecting abnormal activities. In a detailed post, Alex Shevchenko, CEO of Aurora Labs, revealed that the attack was stopped automatically as the bridge architecture was designed to resist such events. No funds were lost during the event, Shevchenko added. The Attack It all started when the attacker sent some ETH through the popular coin mixer,...

The Non-Fungible Token (NFT) ecosystem is moving fast. Hundreds of projects are created every day — some of them enjoy rapid success in the market due to their quality, uniqueness, communities, originality, art, and vision, while others flop quickly. Talking about rapid success, Azukis — hand-drawn digital samurais and smoking skateboarders — have quickly turned into the next NFT blue chip. In this guide, we take a closer look into the collection and everything there is to...

To many, 2021 was the year that saw tremendous growth in the popularity of non-fungible tokens and launched them into the mainstream. And even though the overall volume of NFT sales declined in 2022, the hype is far from over. During this year, however, the trend seems to have shifted from a fragmented market to one where blue-chip and high-end projects take center stage. And while some projects like the Bored Ape Yacht Club, CryptoPunks, Azuki, and others, continue to shadow...