Following SushiSwap (SUSHI)’s completed migration from the major decentralized exchange Uniswap to its own decentralized exchange, taking hundreds of millions of dollars in liquidity with it, Uniswap fell from the throne of dominance, with crypto lending protocol Aave (LEND) sitting in its place – at least for now. DeFi Pulse shows total value locked (TVL)…
Read more
An alleged trader on the Uniswap decentralized exchange claims she/he made close to USD 270,000 in profits after exploiting a bug with the rebase functionality of the recently listed token Soft Yearn (SYFI). The claim was made through an anonymous Twitter account called Amplify on Monday this week, with the person claiming that she/he is…
Read more
Talking to "several high-profile decentralized finance [DeFi] projects" about the future of this sector, provider of crypto market data CryptoCompare found that most said "Ethereum (ETH) won’t be replaced as the go-to blockchain network for DeFi" in the next 3 years. CryptoCompare gathered responses and data via a survey, from a few DeFi protocols, Read…
Read more
Somebody sent USD 1m to Swerve Finance contract today, with the Cryptoverse initially presuming that the sender would never see their money back. As it turns out, the fortune (pun intended) might be smiling upon the sender at the moment. In a move which some described as "brutal," an unknown person(s) sent a whopping USDT…
Read more
SUSHI, the native token of a recently launched DeFi protocol, SushiSwap, recovered some of its losses after Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, agreed to take over admin keys to the protocol from Chef Nomi, the anonymous creator of SushiSwap. At pixel time (09:42 UTC), SUSHI, ranked 70th by market capitalization on Coingecko,…
Read more
After selling its new REVV token, Animoca Brands, a Hong Kong-headquartered publisher of mobile games, announced new games wherein the token can be used, as well plans for their gaming community and collectible platform. Out of total supply of 3bn, 7.5m of tokens were sold. Their website does not provide any other details about the…
Read more
The anonymous DefiSafety team looked into popular decentralized finance (DeFi) projects and their codes, scoring each platform, and finding that six have overall scores above 80%, with Synthetix Exchange leading the list. SushiSwap, on the other hand, got a score of less than 20%. As said, the team behind the report is anonymous, but yearn.finance…
Read more
In the past three months, during the DeFi (decentralized finance) frenzy, the market capitalization of the five largest stablecoins increased by 52%, to almost USD 16.6bn, data shows. While the most popular stablecoin, tether (USDT), increased its market capitalization by 47%, to more than USD 14bn, smaller players, such as USD coin (USDC), trueUSD (TUSD),…
Read more
The yETH vault from yearn.finance (YFI), a vault for yield farming with ethereum (ETH), was launched a day ago, and it’s growth could hardly go unnoticed. The Cryptoverse is today focused on the yETH vault, and particularly its overnight growth. People were commenting on it holding ETH 215,000, or "0.2% of all ETH in 1…
Read more
Vitalik Buterin. After criticizing yield farming once again and looking for a “least favorite DeFi project”, Ethereum (ETH) Co-founder Vitalik Buterin revealed his own vision for a new decentralized finance (DeFi) project. This time, it’s about forking Maker (MKR). “All I want for [DeFi] is for someone to fork Maker, rip out the governance and…
Read more
