By transitioning to a fully DAO-governed model, Nexus could expand its user base and iron out tokenomic friction. In a move that could point toward greater decentralization and wider access, the Nexus Mutual community is currently considering a proposal to sunset the coverage protocol’s legal entity and lift Know Your Customer (Kburdens currently necessary to…
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The relationship is “c-over” between Yearn Finance and Cover, an emotional split related to a new protocol from Cover developers. Decentralized finance (DeFi) protocols Yearn Finance and Cover have announced today the end of a protocol merger process initiated in November last year. The two protocols were initially linked during a spree of a half-dozen…
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After an attack at one point worth nearly $180 million, community members are left wondering if the exploit is a “rugpull” or a security lapse. Paid Network, a DeFi platform aimed at real-world businesses, has been exploited today in an “infinite mint” attack that has sent PAID token prices plunging upwards of 85%. While the…
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Cover Protocol will distribute new “coins” to tokenholders as Binance announces compensation for affected traders. Peer-to-peer coverage market Cover Protocol has published a compensation plan for tokenholders and liquidity providers affected by the recent hack. As part of the process, the Cover Protocol team took a snapshot at block height 11,541,218, the last transaction block before…
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“That’s how shit gets done here,” says one team member This morning, Yearn founder Andre Cronje announced the latest in a spate of high-profile mergers and collaborations for the multi-faceted decentralized finance (DeFi) protocol: Yearn Finance will be “joining forces” with market coverage provide Cover. In a blog post, Cronje notes that the merger will…
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