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Tag Archives: defi

Wanchain Taps Moonbeam to Enhance Polkadot’s Kusama DeFi Ecosystem

Blockchain interoperability solution, Wanchain, has partnered with Moonbeam to deploy its non-custodial cross-chain infrastructure on Moonriver as part of its efforts to strengthen the decentralized finance (DeFi) ecosystem of Polkadot’s Canary network, Kusama. According to an official press release, both Wanchain and Moonbeam are poised to develop a multi-chain structure for the blockchain sector with Kusama-based Moonriver becoming a recipient of the service. Commenting on...

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DeFi Protocol Balancer Joins Arbitrum to Scale Liquidity and Reduce Gas Fees

Leading automated market maker (AMM) Balancer Protocol has announced that it has launched support on the Layer 2 scaling solution, Arbitrum. Balancer Launches on Arbitrum In a press release shared with CryptoPotato on Tuesday, Balancer noted that the move is an effort to “significantly reduce gas costs and scale liquidity.” Arbitrum is a leading scaling solution within Ethereum’s layer-2 ecosystem that has managed to make a name for itself in the industry despite being a...

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Aave, Sushi, and Other Top DeFi Protocols Launch $100M Adoption Collaborative with Celo

A slew of leading Ethereum based DeFi protocols– including Aave, Sushi, Curve, and PoolTogether– recently announced a $100M DeFi adoption initiative with Celo, a mobile platform for financial dApps. Adoption Initiative: “DeFi for the People” Announced today, the recent “DeFi for the People” initiative’s numerous founders include Aave, Curve, Sushi, PoolTogether, 0x, UMA, Valora, Ubeswap, and Moola Market, alongside educational and infrastructure partners including Chainlink,...

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DeFi and CeFi Aggregator OpenOcean Integrates Avalanche to Enhance Liquidity

Leading DeFi and CeFi aggregator OpenOcean has continued to expand its ecosystem and has just recently integrated Avalanche, a high-scalable and open-source platform for launching decentralized finance apps. In a Monday press release shared with CryptoPotato, OpenOcean noted that its integration with Avalanche will allow its users to swap different digital assets utilizing the best prices available in the market, with minimal risks of slippage. OpenOcean Partners With...

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SEC Partners with Blockchain Analytics Firm to Monitor DeFi Space

A spokesperson for AnChain.AI, a blockchain analytics firm, recently revealed a $600 000+ contract with the Securities and Exchange Commission to help the agency regulate and monitor the DeFi space. AnChain’s Contract with the SEC The contract – which began in May of 2021 – has an initial value of $125 000, which may escalate to $625 000 if the SEC chooses to retain the group for 5 more $125 000 ‘option’ years. “The SEC is very keen on understanding what is happening in the...

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Jack Dorsey Reveals Efforts to Build a Bitcoin-Centric DEX

Square – and Twitter – CEO Jack Dorsey is not just satisfied with saying he loves Bitcoin. He is doing everything he can to realize his dream of making BTC the global currency of the internet. In Mid July, Dorsey announced the launch of TBD, a new business aimed at facilitating the creation of decentralized financial services. Today he finally revealed that the division will be in charge of developing a decentralized exchange (DEX). We’ve determined @TDB54566975’s direction:...

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AVAX Is Up 150% in a Week as Over $1B TVL Locked on BENQI

After launching on August 19th, the algorithmic liquidity protocol BENQI has already reached $1B in TVL. Meanwhile, the price of Avalanche’s native cryptocurrency has been soaring. Big Support for BENQI BENQI is collaborating with AVAX in a joint liquidity mining program, in which $3M worth of AVAX will be provided as incentives to users of the former’s protocol. Any user borrowing or exchanging ETH, wBTC, LINK, USDT, DAI, or AVAX will be eligible for these rewards. More...

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Poly Network Drama is Over: Hacker Returns the Remaining $141 Million

The Poly Network drama seems to be officially over as the hacker has returned the remaining $141 million, according to a blog post from the DeFi project. ‘Full Asset Restoration’ Begins As per the announcement, at 8:39 AM UTC, Mr. White Hat gave his private key to the 3/4 multi-signature wallet in an embedded message, retrieving the 28,853 ETH and 1,032 WBTC (Wrapped BTC) left and giving Poly Network the green light to return full asset control to users. The team had to...

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Kevin O’Leary Explains Why Institutions Aren’t in Crypto Yet (Exclusive Ft. WonderFi’s Ben Samaroo)

CryptoPotato got the chance to interview the popular investor Kevin O’Leary, also known as Mr. Wonderful, from his performance on Shark Tank, where he’s one of the sharks. O’Leary talks about some important considerations for our industry, such as portfolio diversification, ESG concerns, institutional involvement (and why it’s not there yet), and some of his most recent investments, such as WonderFi. We’re also joined by Ben Samaroo, founder at WonderFi, who talks about the...

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PolyNetwork’s Hacker Returns All Funds on Ethereum and Refuses a $500K Bug Bounty

After swiping more than $600 million in various cryptocurrencies, the anonymous PolyNetwork hacker has successfully transferred back most of the funds. He also rejected a $500,000 bounty offer and outlined plans to return all funds. CryptoPotato reported the record-setting hack earlier this week when PolyNetwork’s blockchain experienced a massive security breach. The anonymous perpetrator swiped over $600 million in various digital assets. While stealing money from a DeFi...

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