Sberbank, the largest bank in the Russian Federation, announced that it opened access to its in-house decentralized finance (defi) platform to allow developers to test its capabilities. Reports indicate that Sberbank’s Comunity, the Ethereum-based blockchain decentralized finance solution, will leave the open testing phase later this year. Sberbank Opens Defi Platform for Testing Sberbank, one…
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The Origin Ether app deposits Ether into Curve, Convex, stETH, rETH and sfrxETH. A new yield farming app called Origin Ether has accumulated over $12 million in total value locked (TVL) just 14 days after launch, according to data from blockchain analytics platform DefiLlama. TVL is a metric that measures the dollar value of assets…
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The DAI savings rate was previously increased to 1% in December 2022, and led to 35 million DAI being deposited in the span of a month, according to MakerDAO. The community of Ethereum-based decentralized finance (DeFi) protocol MakerDAO will soon vote on a proposal seeking to increase the Dai stablecoin (DAI) savings rate (DSR) to…
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On Thursday, the stablecoin issuer Circle Financial announced that the euro-pegged crypto asset EUROC is expanding natively on the Avalanche (AVAX) blockchain. According to Circle, several decentralized finance (defi) protocols and projects are supporting the new AVAX-issued EUROC asset. Circle’s EUROC Stablecoin Finds New Home on Avalanche Blockchain About 11 months ago, Circle launched the…
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According to statistics, the liquid staking platform Lido accounted for 7.45% of the total value locked in decentralized finance (DeFi) a year ago today. Since then, Lido’s market dominance has significantly increased over the last 12 months to its current 26.18% share.
Lido’s Market Share in Liquid Staking ETH Derivatives Stands at 73%
The…
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Europe’s financial overseer does not seem overly concerned about cryptocurrencies’ impact on the financial system, but still said regulators should monitor risks in case. The European Systemic Risk Board released a report on Thursday titled “Crypto-assets and decentralised finance- systemic implications and policy options.”… Read More: Crypto-Assets Impact on Traditional Markets Is Small, but Can…
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, a leading decentralized exchange (DEX) platform, is thrilled to announce they will be resuming its highly anticipated Elastic protocol on May 25, 2023. This brings back key capital-efficient features such as concentrated liquidity and full range fees compounding, while incorporating significant security enhancements, including a newly audited smart contract, round-the-clock live scanning in collaboration…
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Privacy-focused blockchain firm Namada is seeking to partner with Osmosis to fund software “public goods” and airdrop its planned NAM token to OSMO investors. In a recent blog post, Namada co-founder Christopher Goes revealed that he has proposed a partnership with Cosmos-based Osmosis that would enrich the respective ecosystems and offer benefits to OSMO token holders,…
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A scam-as-a-service company has siphoned off approximately $6 million worth of crypto assets from unsuspecting users. According to a report from Web3 scam-detecting firm Scam Sniffer, a scam vendor dubbed “Inferno Drainer” has stolen $5.9 million in assets from 4,888 victims across 689 phishing websites targeting popular projects since the start of the year. … Read More: New…
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According to archived records, 4,833 decentralized autonomous organization (DAO) treasuries held $10.8 billion on April 15, 2022. Over the course of 309 days, by February 19, 2023, the treasuries dwindled to $8.8 billion. However, during the past 90 days, there has been a significant surge, with the funds held by DAO treasuries increasing by 144%…
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