Decentralized Exchange News

2022-11-07 00:05:05 DeFi Industry Facing Serious Problem Tied to Uniswap and Network in General

The decline of the DeFi industry is not a secret to anyone as the industry has been going down since the end of 2021, with the demand for risk and decentralized assets in general going down since the beginning of the rate hike cycle. According to an on-chain researcher, the amount of capital on chain looking for yield is extremely high, which results in almost every opportunity yielding negative risk premiums that Uniswap's pools cannot withstand.As market data shows, there are over $70 billion worth of stablecoins on the Ethereum network that need productive use cases. Unfortunately, DeFi in its state today cannot offer investors what they actually need.

@Uniswap_PancakeSwap Open / Comment

2022-11-05 23:02:08 Decentralized Exchange Rubic Loses $1,000,000 in Exploit Involving Private Keys

Multi-Chain swaps protocol and decentralized exchange (DEX) Rubic has lost over one million worth of tokens after attackers gained access to the private keys of an administrator's wallet. During morning hours in Asia, the project developers revealed that one of their admin’s wallet addresses that managed the RBC/BRBC bridge and staking rewards was compromised. "We suspect it was malicious software that was used to get access to the admin wallet's private keys," they added. RBC is the native token of Rubic and BRBC is a wrapped version of the token. BTBC was created to allow users to trade in the BSC network, providing decreased overall fees and increasing the opportunity for more users to use Rubic’s token.

@Uniswap_PancakeSwap Open / Comment

2022-11-04 23:20:08 dYdX introduces proposal for autonomous subDAO-based infrastructure

The decentralized autonomous organization attached to the dYdX derivatives protocol could see the formation of a number of autonomous subDAOs with infrastructure changes, the foundation proposed in an announcement. To advance the suggested initiative, dYdX community members must vote to form the subDAO and decide on resource allocation to accommodate the associated costs. The prospective roadmap comes in anticipation of the launch of dYdX V4, slated for the third quarter of 2023, and builds on the organization’s previous steps toward fully decentralizing the protocol, the foundation said

@Uniswap_PancakeSwap Open / Comment

2022-11-03 22:50:01 Uniswap Price Could Skyrocket While PancakeSwap Price Collapses

The Uniswap (UNI) price has broken out from a descending resistance line and could be in the initial stages of a long-term upward movement. Conversely, the PancakeSwap (CAKE) price shows weakness and is expected to break down from its ascending support line. The Uniswap price had fallen below a descending resistance line since reaching a high of $9.83 on July 28. The downward movement led to a low of $5.14 on Sept. 21. Initially, it seemed that the low caused a breakdown from the $5.75 horizontal support area (green circle). However, the UNI price reclaimed the area shortly afterward and validated it as support on Oct. 13. This created a long lower wick (green icon) and was the catalyst for the ongoing upward movement.

@Uniswap_PancakeSwap Open / Comment

2022-11-02 23:20:07 Polkadex has released the Polkadex Orderbook decentralized exchange

Polkadex mainnet, Polkadex Orderbook is now open for trading. The revolutionary orderbook-based decentralized exchange (DEX) is set to be a game-changer for digital asset trading and DeFi. DEXs like Uniswap have changed the way in which cryptocurrency is traded by giving traders control over their own funds. However, the automated market maker (AMM) model popularized by such DEXs has been plagued with exorbitant transaction fees, price slippage, frontrunning, low interoperability, and limited functionality. While it may be riskier due to potential hacks and data breaches, many crypto traders still prefer to use the advanced trading features of centralized exchanges (CEXs), which are cheaper to use and offer high levels of functionality and interoperability.

@Uniswap_PancakeSwap Open / Comment

2022-11-01 23:59:00 Over 95% of tokens launched on Uniswap are scams – Research

About 97% of the crypto projects launched on Uniswap are rug pulls, according to a recent study titled “Do Not Rug On Me: Zero-Dimensional Scam Detection .”. The study undertaken by Bruno Mazorra, Victor Adan, and Vanesa Daza suggests that the simplicity of Uniswap and its lack of regulation makes it easy for scammers to list non-valuable tokens on the platform. The study examined 27,588 tokens, of which 631 were deemed non-malicious, and 26,957 were deemed malicious. A total of 24,870 of the malicious are fast rug pulls, while 2,087 are not LP Burns.

@Uniswap_PancakeSwap Open / Comment

2022-10-31 21:15:07 Kyberswap Adds New Multichain Integration

The future is multichain. We’ve said that here a jillion times by now. But it’s true. Interoperability is here to stay. And one of the best Dexes for moving between chains, Kyberswap is even more multichain now. Kyberswap is adding its integration with Multichain. Multichain, which was Anyswap, has more than 2000 bridges across 69 chains. And now Kyberswap’s DEX will be available to swap or bridge assets across all of these chains. Kyberswap’s goal is to be the only DEX you need regardless of which chains you prefer to use. Bridges can be difficult to use at times and are often considered a soft spot in security making them a target for hackers.

@Uniswap_PancakeSwap Open / Comment

2022-10-30 23:50:08 Uniswap v3 Launches TWAP Oracles On Ethereum’s Proof-of-Stake

Uniswap unveiled an innovation to bring scalability and solution to protocols. The new tool dubbed TWAP Oracles is an algorithm that provides information regarding the price of an asset. This is for developers who encounter setbacks when developing smart contracts fused with a Decentralized Finance (DeFi) protocol on Ethereum. The launch of Uniswap v2 was geared towards empowering mainnet builders to design decentralized on-chain TWAP Oracles, free from internal or external manipulation. Uniswap v3 extended included this with additional gas capabilities within TWAP Oracles.

@Uniswap_PancakeSwap Open / Comment

2022-10-30 00:05:00 P00ls launches creator worlds & decentralized exchange reaching $20m+ combined market capitalization within 24 hrs

P00LS, the leading community-first, decentralized protocol for social tokens, announced two major new features of the platform: Creator Worlds and the zerozero Decentralized Exchange (or DEX), which jointly enable P00LS' over 200,000 users to access the full suite of utilities available to them as tokenholders for each creator and to purchase and trade creator tokens. Twenty four hours after launch, the combined market capitalization of the four creator tokens listed on the zerozero DEX had already reached over 20M USD, demonstrating the market's demand for cultural access through social tokens.

@Uniswap_PancakeSwap Open / Comment

2022-10-29 00:00:53 PancakeSwap wants to deploy mainnet on Aptos

Developers cite business development opportunities, protocol expansion and the technical capabilities of the Aptos chain as the main reasons for the proposal. On Oct. 20, developers of the popular decentralized exchange, or DEX, PancakeSwap proposed deploying its mainnet on layer-1 blockchain Aptos.Should the proposal pass, developers will deploy four main features of the DEX, including swaps, farms, pools and initial farm offerings on Aptos by Q4 2022. As told by developers, this is to ensure that PancakeSwap can quickly establish itself as the leading DEX on Aptos.

@Uniswap_PancakeSwap Open / Comment