ССenter – Blockchain and Bitcoin

2021-10-02 09:32:00 Native tokens of leading decentralized trading platforms rise

The native tokens of leading decentralized trading platforms are on the rise as major centralized exchanges Binance and Huobi restrict operations in China in accordance with local regulations.

Messari data shows that the PERP token has risen 55% in the past 24 hours and traded at $17.

Launched in December 2020, Perpetual Protocol is a decentralized exchange with leverage, short positions and low slippage. It uses a virtual automated market maker (vAMM) and collateral repository to settle trades and enable trading in perpetual contracts, which are futures with no expiration date.

Coins linked to other decentralized exchanges such as Uniswap, SushiSwap, dYdX and Curve are up 22% and 35% in the last 24 hours. Open / Comment

2021-09-25 08:25:48 Bitcoin DeFi project Portal has raised $8.5 million in investment

Portal, which aims to build a DeFi ecosystem on the Bitcoin blockchain, today announced it has raised $8.5 million. Coinbase Ventures, ArringtonXRP, OKEx and others invested in Portal's vision of "DeFi built on bitcoins."

Based on a technology called Fabric, Portal aims to "deploy censor-resistant layers on top of the Bitcoin baseline."

"By providing fast peer-to-peer exchange on Layer 2 - with the speed of centralized exchange, but with privacy - Portal delivers on the promise of self-sufficiency for all," said Portal CEO Eric Martindale. "Fabric technology provides Layer 3 privacy for interconnect transactions and eliminates the need for centralized custodians." Open / Comment

2021-09-23 14:03:39 Hacker steals $12 million in bitcoins using bug in pNetwork protocol

A bug in the code base of pNetwork's DeFi interconnect platform allowed an attacker to steal 277 bitcoin-backed bBTC tokens, worth more than $12 million in total.

The project team did not disclose details of the attack, but said it discovered the vulnerability and took steps to fix it. Adding that the bug allowed the hacker only access to the Binance Smart Chain blockchain bridge and the rest of the funds are perfectly safe.

pNetwork also announced that it would pay the attacker a $1.5 million reward if he returned the stolen funds. "Unfortunately, finding vulnerabilities is part of the game, but we all want the DeFi ecosystem to continue to grow, and the refund is a step in that direction," it said.

As a result of the incident, the rate of the PNT platform's own managing token fell more than 18%. Open / Comment

2021-09-16 10:17:19 Civilization announced a partnership with the Unification Foundation

Decentralized investment fund platform Civilization (CIV) has announced a partnership with the Unification Foundation (FUND), a well-known enterprise blockchain solution provider.

Civilization has created a furor in the world of decentralized investment funds (DeFi) since its inception on July 31, 2021. Since then, those in the cryptocurrency business have taken notice and spread the word to all potential investors. In just one month, the company has gained $40 million in market capitalization, attracted more than a thousand investors and reached three million dollars in total locked-in value. In addition, Civilization's initial trading strategy has already shown an average daily return of 1%, and their goal is to get a 500% annual percentage return (APR) over the next twelve months. Open / Comment

2021-09-11 18:20:57 DeFi service Donkey launched in Korea

Donkey, launched Sept. 1, will attract more South Korean investors to decentralized finance by making their favorite cryptocurrencies more scalable and accessible.
New Korean DeFi Service Launches To Increase Scalability Of 'Kimchi Coins' – Azerbaijan News%0Ahttps://forkast.news/wp-content/uploads/2021/09/donkey_logo-1260x372.png
Donkey is a virtual deposit and lending protocol that runs on the Ethereum blockchain, where anyone can deposit cryptocurrency as collateral and borrow other cryptoassets. If a user's debt is not paid, the virtual assets pledged will be liquidated to write off the debt. The deposit and lending process is done entirely in a peer-to-peer network between users' wallets.

Previously, tokens developed in Korea, or tokens that are especially popular among Koreans, were difficult to find in overseas DeFi services such as Aave or Compound, making DeFi services inaccessible to Korean investors. Open / Comment

2021-09-03 12:22:39 Balancer launched on Arbitrum

Balancer Protocol announced in official sources that in order to reduce costs and increase liquidity, it has launched on the Ethereum Layer 2 scaling solution Arbitrum, which was launched today. Users can use Arbitrum to trade in the Balancer app.

Balancer Protocol began supporting the Layer 2 Arbitrum scaling solution to significantly reduce gas costs and scale liquidity. In the Ethereum Layer 2 ecosystem, Arbitrum has established itself as a critical player, gaining recognition from other major DeFi projects after its announcement in June. Balancer Protocol joins Arbitrum on the day of their launch, as users can now trade in the Balancer app using Arbitrum.

As of Aug. 31, 2021, DeFi has $84 billion locked in, creating an incredible opportunity for expansion projects. Open / Comment

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2021-09-02 10:58:27 DeFi platform Tranchess Protocol reached $1 billion TVL in two months

The project also quickly climbed the DeFi Llama rankings. Tranchess Protocol, a chess-based decentralized funding asset management (DeFi) platform, has been in full swing since its debut in June.

The popularity of the Three Arrows Capital-funded project is evidenced by its total locked-in value (TVL), which has quickly surpassed $1.1 billion in that time. TVL refers to the number of assets currently placed on a given protocol, and is a common way of determining popularity.

The data shows that TVL is over $150 billion for most DeFi protocols at the time of publication. Not bad for a sector roughly two years old. Tranchess had been in development for almost a year and then launched on June 24 via Binance Smart Chain. Open / Comment

2021-08-28 08:38:15 The first Solana blockchain scam

Luna Yield took advantage of Solana's popularity to scam by developing a smart contract with a bug in the code. The DeFi project involved profitable farming in a new ecosystem in WETH, WBTC and USDT assets.

The attackers sold off LUNY service tokens through the SolPAD Finance platform, which is trying to become a central hub for IDO placements on the Solana blockchain.

After completing two days of fundraising, they emptied all of Luna Yield's liquidity by spinning the cryptocurrency through a Tornado Cash mixer. Losses from the scam are estimated at $8 million, but the damage to SolPAD Finance's reputation is much greater.

The IDO platform has decided to take over compensation for 60% of the missing finances, and investors have already started receiving funds in their wallets. The Luna Yield scam was the first case of investment theft related to Solana blockchain. Open / Comment

2021-08-23 13:34:45 Polygon forms DAO for DeFi

The developers of Ethereum scaling solution Polygon said they will build a decentralized autonomous organization (DAO) for the decentralized finance (DeFi) sector.

According to the announcement, Polygon's (MATIC) goal is to attract 100 million users to the DAO and invite that community to have a say in its ongoing development of DeFi.

The formation of DAO is the "next logical step" toward collaboration between DeFi's blockchain-based systems, given the presence of projects like SushiSwap, Curve and Aave already using Polygon as a scaling solution.

Polygon will use part of its $100 million #DeFiforAll fund for this process.

Polygon recently acquired the Hermez Network (HEZ) platform based on ZK-rollup, as part of a blockchain network merger and token fusion. Open / Comment