DeFi, ICO and Invest News

2024-03-07 20:45:00 DeFi pump-and-dump schemes rake in millions, harm industry credibility

The cryptocurrency space has been compared to the Wild West numerous times, and while it has been maturing to resemble the world of traditional finance more closely, in the decentralized finance (DeFi) space, the “wild” ethos remains, with freewheeling trading activity often leading to pump-and-dump schemes and wash trading. On the Ethereum network alone, according to a recent Chainalysis study, over 370,000 tokens were launched in 2023, with 168,600 listed on decentralized exchanges (DEXs).

Source

@DeFi_ICO_Invest Open / Comment

2024-03-07 10:10:16 Uniswap Foundation token rewards proposal passes temperature check vote

The Uniswap Foundation's proposed changes to the governance of the popular decentralized exchange Uniswap, including altering its fee mechanism to reward users who delegate and stake their tokens on the platform, has unanimously passed a temperature check vote. The temperature check vote — a snapshot poll to gauge initial Uniswap community sentiment on moving ahead with the proposal — began on March 1 and passed with 100% of delegates in favor after ending today at 1:30 p.m. ET.

Source

@DeFi_ICO_Invest Open / Comment

2024-03-06 20:50:00 DeFi Platform Woofi Exploited: Hackers Reportedly Swipe $8.75M in Cryptocurrencies

Decentralized finance (DeFi) platform Woofi fell victim to a sophisticated attack, resulting in the illicit extraction of $8.75 million in cryptocurrencies. The hackers attacked Woofi Swap's Synthetic Proactive Market Making (sPMM) algorithm on March 5th, which is the backbone of the pricing mechanism on the Arbitrum network. According to a recent report from the Woofi team, the attackers utilized a pattern of flash loans to manipulate the value of Woofi's native token, WOO.

Source

@DeFi_ICO_Invest Open / Comment

2024-03-06 11:22:02 DeFi TVL breaks $100 billion for first time since May 2022

The total value locked (TVL) in decentralized finance (DeFi) protocols exceeded $100 billion for the first time in nearly two years. On March 5, DeFi TVL reached $101.36 billion, with lending accounting for $32.62 billion (32.2%) of this total, with decentralized exchanges at $19.97 billion (19.7%), collateralized debt positions at $12.22 billion (12%), and restaking activities at $10.06 billion (9.9%). The last time the TVL in DeFi surpassed $100 billion was on May 11, 2022, according to The Block's Data Dashboard.

Source

@DeFi_ICO_Invest Open / Comment

2024-03-05 22:57:01 Solana Weekly DeFi Trading Sets All-Time High Above $11 Billion

Trading volume on Solana-based decentralized exchanges (DEXs) blew past an all-time record this week, cementing the Ethereum rival’s place among the top beneficiaries of the crypto market’s current, steadily escalating bull run. Over the period of February 24 to March 2, more than $11.19 billion worth of digital assets were traded on Solana decentralized exchanges, according to data compiled by Defi Llama. That figure is up over 154% from the preceding seven-day period.

Source

@DeFi_ICO_Invest Open / Comment

2024-03-04 22:59:59 DeFi poised for major comeback amid Bitcoin’s rally, predict Bernstein analysts

With bitcoin approaching all-time highs amid strong spot exchange-traded fund inflows, analysts at research and brokerage firm Bernstein anticipate a “big bang” DeFi recovery to come next. The DeFi segment got “completely wiped out” during the last cycle, playing a game of unsustainable yields driven by subsidies from token incentives (inflation) that ultimately came crashing down, the analysts argued.

Source

@DeFi_ICO_Invest Open / Comment

2024-03-04 20:59:24 DAILY GAINERS LIST

@DeFi_ICO_Invest Open / Comment

2024-03-04 13:42:01 DeFi ‘points’ farming has reshaped the crypto investment landscape

As a DeFi-focused hedge fund, MEV Capital has grown comfortable with moving funds around on-chain in pursuit of higher returns, a strategy known as yield farming. MEV Capital is farming these points especially in order to gain exposure to EigenLayer and a raft of other Ethereum restaking projects offering off-chain points to on-chain users. It’s a testament to renewed animal spirits in crypto and the excitement surrounding restaking that hedge funds like MEV Capital are now acquiring participation tallies for clients.

Source

@DeFi_ICO_Invest Open / Comment

2024-03-03 23:02:01 Gauntlet collaborates with DeFi lending protocol Morpho

Gauntlet, a decentralised finance (DeFi) risk management firm, collaborated with Morpho, a DeFi lending protocol.The collaboration is expected to take place after Gauntlet parted ways with Aave, stated Cointelegraph. Sources revealed that the partnership was announced on February 27, 2023. It is believed that Gauntlet created its own lending products on MorphoBlue, a new protocol that allows firms to spin up “vaults’, user’s own lending and borrowing pools, added Cointelegraph.

Source

@DeFi_ICO_Invest Open / Comment

2024-03-03 21:02:05 @DeFi_ICO_Invest Open / Comment