DeFi

According to reports, the Aptos Ecological DeFi agreement Thala Labs and the interoperability agreement LayerZero have reached a partnership to integrate the over collateralized stable currency Move Dollar (MOD) and Thala governance token THL into a full chain replaceable token (OFT) to achieve seamless multi chain connectivity. Aptos Ecological DeFi Agreement ThalaLabs cooperates with LayerZero Analysis based on this information:The world of Decentralized Finance (DeFi) continues to evolve rapidly, with new collaborations and partnerships being formed regularly. One of the latest such partnerships is between Aptos Ecological DeFi agreement Thala Labs and the LayerZero interoperability agreement. According to reports, the two have joined hands to integrate the Move Dollar (MOD) stable currency and Thala governance token THL into a full chain replaceable token (OFT), with the goal of achieving seamless multi-chain connectivity. This partnership is significant for several reasons. First, it underscores the growing importance of interoperability in the DeFi space. As the number of blockchains and DeFi protocols grows,…

On March 17th, the Bitcoin based DeFi protocol, Sovryn, launched a 100% Bitcoin supported stable currency, Sovryn Dollar (DLLR), which is aggregated from other Bitcoin supported stable currencies and linked to the US dollar. DeFi Protocol Sovryn Launches Bitcoin Supported DLLR Analysis based on this information:The decentralized finance (DeFi) realm experienced a new development on March 17th with Sovryn launching its 100% Bitcoin supported stable currency, Sovryn Dollar (DLLR). This new stable currency is made possible through the aggregation of various other Bitcoin supported stable currencies and is pegged to the US dollar. This has various implications for Bitcoin and the broader DeFi space. Firstly, the creation of a stable currency that is entirely based on Bitcoin is an exciting development. Bitcoin has gained a reputation as a volatile asset, and this has limited its use in various financial applications. However, through embracing the DeFi space, Bitcoin has expanded its potential uses, and the creation of a stable currency based…

According to reports, Composable Corp, the development company behind the DeFi lending application Blueberry Protocol, completed a seed round financing of $1.2 million, with investors including Ashbury Ventures, Alchemix, Multiig Ventures, Pirata Capital, and others. DeFi development company Composable Corp completed $1.2 million seed round financing Analysis based on this information:Composable Corp, the development company behind Blueberry Protocol, a DeFi lending application, has reportedly completed a seed round financing of $1.2 million, with participation from Ashbury Ventures, Alchemix, Multiig Ventures, Pirata Capital, and others. The DeFi ecosystem has been growing rapidly in recent years, with the rise of cryptocurrencies and the development of blockchain technology opening up new opportunities for financial innovation. DeFi platforms allow individuals to access financial services such as loans, investments, and trading without the need for traditional financial institutions. This has led to increased accessibility, transparency, and security for users, as well as greater autonomy over financial decisions. Composable Corp’s Blueberry Protocol is a DeFi lending…

On March 16th, according to the “2022 Vietnam Cryptocurrency Market Report” recently released by Coin98 Insights, there are currently about 200 blockchain projects in operation in Vietnam, with gaming and metauniverse projects accounting for 28.8%, DeFi accounting for 26.0%, NFT accounting for 12.4%, infrastructure accounting for 11.3%, and Web3 accounting for 5.1%. Vietnam has over 16.6 million cryptocurrency holders, second only to Thailand in ASEAN, with 31% holding BTC; Seven of the world’s top 200 blockchain companies were founded by Vietnamese. （viet-jo.com） Data: Vietnam has over 16.6 million cryptocurrency holders, second only to Thailand in ASEAN Analysis based on this information:Vietnam is slowly emerging as a new player in the cryptocurrency market with a wide range of blockchain projects in different domains. According to the “2022 Vietnam Cryptocurrency Market Report” by Coin98 Insights, there are around 200 blockchain projects currently operating in Vietnam. Gaming and metauniverse projects account for the highest share with 28.8% followed by DeFi at 26.0%, NFT…

On March 16th, according to Defillama data, last week, the Curve agreement fee reached $2.14 million, and the agreement revenue reached $1.07 million, a new high since November last year (the agreement fee reached $2.94 million). Data: Last week, the Curve agreement cost reached $2.14 million, a new level since November last year Analysis based on this information:The decentralized finance (DeFi) market continues to drive unprecedented growth in the cryptocurrency industry. According to Defillama data, the Curve protocol agreement fee and agreement revenue reached a new record high on March 16th. The agreement fee hit $2.14 million, while the agreement revenue reached $1.07 million. This marks a significant increase compared to November 2020, when the agreement fee hit its previous record high of $2.94 million. Curve is an automated market maker protocol designed to facilitate peer-to-peer exchanges of stablecoins. The increased adoption of stablecoins has made Curve a valuable platform for investors looking to trade in DeFi. The platform’s unique…

It is reported that Elizabeth Rosenberg, the assistant secretary in charge of terrorist financing and financial crimes, said that the US Treasury Department will soon release a risk assessment to analyze the criminal use of decentralized finance (DeFi). Rosenberg said at the bank event held in Sydney, Australia on Monday that “illegal actors have been looking for effective ways to hide criminal activities and launder their profits, which poses a threat to the DeFi service or other elements of the virtual asset ecosystem.” She said that her team is “actively carrying out” an upcoming assessment. The US Treasury Department is about to release a report on the use of DeFi crime Analysis based on this information:The US Treasury Department is ready to assess the potential risks posed by decentralized finance (DeFi) on the prevalence of criminal activities. Elizabeth Rosenberg, the assistant secretary in charge of terrorist financing and financial crimes, has confirmed that the department is actively carrying out the…

On March 15th, Kava posted a blog post stating that the Kava 13 upgrade is imminent, including: Kava 13 upgrade is coming soon, and Kava EVM 2.0 will be launched to improve performance support. New protocol is launched Analysis based on this information:Kava Labs, the decentralized finance (DeFi) platform, recently announced on March 15th that the release of Kava 13 upgrade is on the horizon. With this upgrade, Kava would significantly enhance its operations, offering more liquidity, faster transaction processing and improved user experience.The Kava 13 upgrade aims to strengthen the network’s capabilities by improving its efficiency, stability and interoperability with other networks. It is this interoperability that sets Kava apart from other DeFi platforms. Kava’s cross-chain functionality enables users to benefit from a wide range of digital assets from various networks while securing their investments on the Kava network. The Kava 13 upgrade will usher in new features such as Kava’s Harvest, which will allow Kava users to access…

On March 15th, the Web3 option agreement Volare Finance released a tweet stating that V2 has now been launched with advanced option trading, strategy, margin, hedging, clearing, and other functions. As a completely decentralized platform, it helps users release value through DeFi. Web3 Option Agreement Volare Finance went online in V2 version Analysis based on this information:On March 15th, Volare Finance announced the launch of V2, a completely decentralized platform offering advanced option trading, strategy, margin, hedging, clearing, and other functions. With the introduction of V2, Volare Finance aims to revolutionize the world of decentralized finance (DeFi) by enabling users to release significant value. Volare Finance operates on the Ethereum blockchain, allowing users to hold and trade cryptocurrency in a secure, transparent, and decentralized manner. The platform is designed to offer a wide range of services for users to optimize their trading and investment strategies. Its V2 release comes with additional features that include advanced option trading, margin trading, hedging,…

On March 15th, the interest free DeFi loan agreement Sturdy Finance announced on Twitter that the STRDY token airdrop application was officially opened and will be issued to eligible users. Note: STRDY currently does not support transfer. Interest free DeFi loan agreement Sturdy Finance opens STRDY token air drop application Analysis based on this information:Sturdy Finance, an interest-free DeFi loan agreement, recently announced on March 15th, via Twitter, that the STRDY token airdrop application was officially opened and will be issued to eligible users. The announcement signifies the latest step in the evolution of decentralized finance and highlights the growing interest in tokenization. Decentralized finance (DeFi) has become an increasingly popular concept in the crypto industry in recent years. It is a rapidly developing space that leverages blockchain technology to provide financial services without intermediaries. This technology has spawned new financial instruments like yield farming, flash loans, and staking, which offer more liquidity and return opportunities to investors. Sturdy Finance…

According to reports, Cathie Wood, CEO of Ark Invest, stated on social platforms that when the US banking system was paralyzed by bank runs threatening regional banks, Bitcoin, Ethereum, and other encrypted networks continued to operate unaffected. The instability of the banking system poses a threat to stable currency, which is the entrance to DeFi, in sharp contrast to what regulators have said. Ark Invest CEO: Regulators should not block transparent and auditable DeFi Analysis based on this information:In recent years, cryptocurrencies have gained popularity and have been increasingly adopted as alternative currencies. The global economy has been hit hard by the ongoing Covid-19 pandemic, and the role of cryptocurrencies in providing financial stability has come to the fore. The CEO of Ark Invest, Cathie Wood, recently highlighted the importance of cryptocurrencies during the financial crisis of 2008, which was caused by the failure of banks that led to a global recession. She emphasized that cryptocurrencies such as Bitcoin and…

It is reported that traders who use the DeFi agreement to bet on the recovery of the USDC at the weekend will face 8-digit liquidation risk if the stable currency breaks anchor with the US dollar again this week. If the USDC discounts again by 10%, the position exceeding US $70 million may face liquidation risk Analysis based on this information:The decentralized finance (DeFi) market has been on a roll in recent years. With the rise of cryptocurrencies, DeFi has evolved as a major contender in the financial world, providing a platform for individuals to trade, make investments, and engage in other financial activities. However, with new opportunities come new risks, and DeFi traders are facing a high level of risk due to the use of the DeFi agreement, which allows them to bet on the recovery of USDC. The USDC, a stablecoin supported by the US dollar, is a popular choice for traders on DeFi platforms. However, the stable…

It is reported that Coinbase is starting to introduce the decentralized financial (DeFi) applications UniSwap and Aave into Base. A person familiar with the matter said that Coinbase was recruiting many agreements for Base. UniSwap and Aave are two of them. UniSwap may be integrated into Base in a few months. Coinbase is introducing UniSwap and Aave into Base Analysis based on this information:Coinbase, one of the leading cryptocurrency exchanges globally, is gearing up to introduce decentralized financial applications on its platform. Uniswap and Aave, two popular DeFi platforms, are said to be among the agreements Coinbase is currently recruiting for Base. According to an individual familiar with the matter, UniSwap may be integrated into Base in a few months. Decentralized finance or DeFi refers to a financial system that operates on a blockchain network allowing participants to transact with each other directly, cutting out intermediaries like banks. Typically, DeFi applications are open-source and available for anyone to use without…

On March 13, according to the monitoring of 0xScope Protocol, some projects and the address of whales were affected in the Euler Finance attack, including: 0xScope: Millions of dollars of assets of several agreements are stranded in Euler agreement Analysis based on this information:On March 13, the DeFi industry was hit by yet another attack that targeted Euler Finance. According to the monitoring of 0xScope Protocol, several projects and the wallet addresses of prominent investors, aka whales, were affected by the breach. This incident highlights the vulnerability of DeFi projects and the risk posed to market participants, particularly those with a significant stake or influence. DeFi, which stands for decentralized finance, has seen significant growth in recent years as investors flock to the space in search of greater returns and more control over their financial assets. However, as the Euler Finance attack shows, the sector is not immune to security vulnerabilities and risks. In this particular case, hackers exploited the…

On March 13, the independent analyst CIA Office said on Twitter that according to the monitoring of the security team BlockSec, the DeFi loan agreement Euler Finance was suspected to have been attacked. At present, 8.89 million DAIs and 8080 WETHs have been stolen. The latest data on the chain shows that the attack seems to be continuing, with a total loss of more than 190 million dollars. Euler Finance is suspected to have been attacked, and 8.89 million DAIs and 8080 WETHs were stolen Analysis based on this information:On March 13, 2021, the independent analyst CIA Office tweeted about the suspected attack on the decentralized finance (DeFi) loan agreement, Euler Finance, as monitored by the security team, BlockSec. According to the tweet, the hackers have stolen 8.89 million DAIs (a stablecoin pegged to the US dollar) and 8080 WETHs (Wrapped Ether, a token that represents Ether on the Ethereum blockchain). As of the latest blockchain data, the attack is…

On March 13, AztecNetwork, the privacy and expansion solution based on ZKRollup, announced that it would gradually close the DeFi privacy bridge project AztecConnect, and would disable the deposit of funds from zk.money and other front-end (such as zkpay.finance) into the AztecConnect contract in a week, but users could withdraw money for free within a year. The Aztec team is expected to completely abandon the AztecConnect contract in a year, and all Rollup functions will be stopped. Aztec Network announced that it will gradually close the DeFi privacy bridge project Aztec Connect, and will focus on developing new products based on Noir language in the future Analysis based on this information:The AztecNetwork is a decentralized finance privacy solution based on ZKRollup technology. Recently, the company announced its decision to gradually close down its DeFi privacy bridge project, AztecConnect. This decision has left many industry experts and enthusiasts guessing about the reasons behind it. Based on the announcement, the company will…

It is reported that Liquid Collective, an enterprise-level liquidity pledge agreement, has been launched on Coinbase Prime and Bitcoin Suisse. This solution al…

It is reported that Omer Amsel, the Web3 director of Fireblocks, said at the ETH Denver conference that the roller coaster market of cryptocurrency is the driv…

It is reported that according to DefiIgnas, a researcher at DeFi, the public market OPNX for encryption claims trading and derivatives founded by Zhu Su, found…

On March 7, Du Jun, CEO of Xinhuo Technology (1611. HK), said in the latest interview with the South China Morning Post that there would be two breakthroughs i…

It is reported that according to DefiLlama data, the DeFi protocol lost more than $21 million due to hacker attacks in February, and the largest attack in that…