Tag Archives: defi

Trust Wallet – a decentralized, non-custodial crypto wallet provider – collaborated with the payment systems – Ramp and MoonPay – to allow customers to convert their digital asset holdings into fiat directly within the application. Users who own over 100 TWT will get a special discount when withdrawing funds. The New Fiat Off-Ramp Feature According to a document seen by CryptoPotato, Trust Wallet shook hands with Ramp and MoonPay to enable users to move in and out of their...

The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets. In the late hours of Monday, the Euler Finance hacker finally returned the outstanding sum of $31 million, bringing the recovery efforts to a conclusive end. The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets. And shortly after the hack, Euler Finance offered the...

Dfinity Foundation –  a not-for-profit organization that develops the Internet Computer protocol – announced the launch of a “twin” token that is 1:1 cryptographically secured by Bitcoin. Dubbed “ckBTC,” the new token is being touted as liquid and cost-efficient that will enable layer-2 capabilities on Bitcoin by making it faster and cheaper to transact without compromising security. According to the official press release shared with CryptoPotato, Internet Computer aims to...

Injective – a  layer 1 blockchain – announced the first-ever Solana rollup launch for Cosmos. According to the official press release shared with CryptoPotato, the “Solana Sealevel Virtual Machine (SVM)” will be deployed within the Cosmos ecosystem with the help of roll-up provider Eclipse. By bringing the Solana development environment to the broader Cosmos ecosystem, the integration is aimed at bolstering growth and user adoption within the two ecosystems Solana-Cosmos...

The hacker behind DeFi protocol Euler Finance’s $200 million exploit earlier this month has publicly communicated through the blockchain to apologize for his crime. The exploiter, going by the name “Jacob,” has gradually been returning funds related to the hack, now totalling $177 million.  In an encoded blockchain message on Monday, the hacker promised to return all of the money he stole, saying he was only delaying out of concern for his own safety.  In a follow-up message,...

The hacker behind the largest DeFi exploit of 2023 continues to demonstrate controversial behavior, as this time, they returned the majority of the funds stolen from Euler Finance. In two separate transactions, the perpetrator sent back over $100 million worth of ETH to the protocol. CryptoPotato reported the flash loan attack, which took place earlier in March, that saw $198 million worth of USDC, staked ether, wrapped BTC, and DAI siphoned off the DeFi lending protocol....

Participation in the Public sale is through the Collective Finance DApp and by navigating to the Presale Tab. Decentralized Finance (DeFi) protocol Collective Finance has announced plans to launch the public sale of its native token $CLF built on the Binance Smart Chain (BSC) network. As contained in a Press Release shared with Coinspeaker, the public token sale can be accessed with a 10% discount, setting a generally lowered barrier for more encompassing community participation. The...

Last week’s collapse of Silicon Valley Bank (SVB) and the subsequent contagion appeared to have worked in favor of the decentralized exchanges as trading activity soared to levels not seen since November 2022. According to the latest data from DeFiLlama, the daily trading volume on decentralized exchanges was up by an astonishing 255.36% over the past week and is inching closer to $60 billion, a level last seen four months ago. The figure reached almost $25 billion on March...

The decline of centralized entities has worked out well for their decentralized counterparts. Over the weekend, USDC witnessed a significant trading volume on several decentralized exchanges. Uniswap, for one, reached its highest daily volume ever of $11.84 billion on March 11th. But it isn’t the only decentralized protocol that saw traction. Decentralized Exchanges Register Impressive Growth The development comes in the backdrop of Circle’s USDC de-pegging event that...

The hacker who stole $1.59 million worth of crypto assets from Arbitrum-based decentralized finance (DeFi) lending platform Tender.fi has returned nearly all the funds, keeping roughly $97,000 as a bounty reward. Tender.fi was exploited on the morning of March 7, with the project’s official Twitter handle confirming the incident in a tweet a few minutes later. Tender.fi Exploited for $1.59 Million According to the tweet, Tender.fi disclosed that it had noticed and was looking...