Decentralized Exchange News

2022-11-28 22:52:00 Abracadabra reaches out to SushiSwap to save $10M

The team at Abracadabra is extremely concerned at the present moment. It has earnestly reached out to SushiSwap, to effectively carry out all of the necessary alterations in terms of two of its Bento vaults. These contain an amount of $10 million, which happens to be the assets of its users. According to them, the dilemma is that the concerned amount happens to be at grave risk. For the uninitiated, Abracadabra happens to be a crypto lending protocol and the provider of the MIM stablecoin. It was only in the very recent past that the entity reached out to SushiSwap with the earnest request to increase the interest rates in relation to the two Bento vault cauldrons.

@Uniswap_PancakeSwap Open / Comment

2022-11-27 22:52:00 Banxa : announces collaboration with reputable decentralized exchange (DEX) aggregator 1inch offering the most payment methods for users

Banxa and 1inch have teamed up to create greater access to decentralized finance (DeFi) assets and streamlined user experience. As one of the most popular decentralized exchange (DEX) aggregators, 1inch aims to provide traders with the lowest fees on their transactions. Banxa now has over 100 partners within its rapidly-expanding ecosystem, providing their users the ability to purchase crypto currencies with the widest variety of global and local payment methods. As the premier global Web3 on/off ramp solution, Banxa will make transactions on 1inch more seamless for consumers than ever before. The integration is poised to significantly enhance the 1inch customer experience, as Banxa opens up an array of global and local payment options for consumers to choose from.

@Uniswap_PancakeSwap Open / Comment

2022-11-26 22:41:02 1inch releases new tool to protect traders against ‘sandwich attacks’

The company said that the new tool works by allowing users to submit transactions directly to validators. Exchange aggregator 1inch released a new tool called “Rabbithole” on Nov. 25, which the company says will protect traders against malicious “sandwich attacks.” The team announced the launch of the tool in a press release that has been made available to Cointelegraph. After that, each swap initiated via 1inch will be analyzed by the private tx routing algorithm developed by the 1inch team and then sent to validators directly if there is a possibility of a sandwich attack.

@Uniswap_PancakeSwap Open / Comment

2022-11-25 21:52:00 DEX aggregator 1inch to protect MetaMask users from frontrunning

Decentralized exchange aggregator 1inch is introducing a feature called RabbitHole that's designed to prevent MetaMask users from getting hit by a certain form of frontrunning. The issue at hand is sandwich attacks. This is where a trader frontruns a large buy order by buying the token first, pushing up the price. Once the buy order goes through, the token's price rises higher, at which point the trader sells at the higher price (or vice versa for the whole maneuver). It results in the victim seeing the trade executed at a worse price.

@Uniswap_PancakeSwap Open / Comment

2022-11-24 23:25:11 Dappos partners with Perpetual Protocol to bring Web3 operating protocol to DEX

Dappos announced today that it has partnered with Perpetual Protocol to integrate its Web3 operating protocol with the decentralized exchange (DEX), lowering barriers to entry for investors to access Perpetual’s decentralized and permissionless futures trading, thereby accelerating the trading community’s growth and volume.Dappos improves the Web3 experience by making decentralized applications (DApps) as user-friendly as mobile apps, overcoming typical barriers for average users, such as Web3 wallet setup, gas token purchases and bridging tokens from one blockchain to another.

@Uniswap_PancakeSwap Open / Comment

2022-11-23 23:14:01 TOON FINANCE LAUNCHES DECENTRALIZED EXCHANGE DURING CEX MELTDOWN

Meme coins, such as Toon Finance and others like it, have risen in value recently because of their ability to provide high returns to investors and to stick in the minds of the public. These currencies typically skyrocket in value, making early adopters a fortune. Meme coins, which probably sound like the start of a bad joke, are actually gaining traction and even achieving some measure of success. Yet it is Toon Finance that really seems to be leading the way, and that could be because of its decentralized crypto exchange. Let’s look closer at some of the hottest cryptocurrencies right now and see why each has potential.

@Uniswap_PancakeSwap Open / Comment

2022-11-20 22:52:01 1inch seeks to optimize gas costs with its new v5 router

According to 1inch, users’ gas costs for swaps will be at least 10% lower than its previous offerings in the decentralized exchange (DEX) segment, therefore making swapping activity on the Ethereum network more profitable for its users. In the Router v5, 1inch estimated that swaps will be approximately 5% more gas efficient than in the previous version and 10% more gas efficient, compared with the second best performing player in the DEX segment. The new edition is also meant to prioritize security and has been audited by almost a dozen industry projects, such as Consensys, OpenZeppelin and ABDK Consulting.

@Uniswap_PancakeSwap Open / Comment

2022-11-19 22:51:59 DYDX Price Could Double as Decentralized Crypto Exchanges Steal the Spotlight

The dYdX (DYDX) price is attempting to break out above the $2.55 resistance area. A doubling of the price could follow if it is successful. DYDX is the governance token for the eponymous decentralized exchange (DEX) for both margin trading and spot trading. It allows users to contribute to the protocol’s future. Token holders can profit through staking and lower fees when trading, and have the right to propose changes in the protocol. Despite the FTX bankruptcy and the ensuing crypto crash, the DYDX price increased considerably last week. With all the negativity surrounding other centralized exchanges.

@Uniswap_PancakeSwap Open / Comment

2022-11-18 23:06:00 FTX Collapse Will Spur Move to Decentralized Exchanges, Franklin’s CEO Says

Franklin Templeton’s Jenny Johnson sees the downfall of FTX likely pushing investors toward decentralized exchanges and to seek professional guidance on crypto assets. The failure of the centralized exchange would drive crypto investors toward versions like Uniswap or SushiSwap, which are built on public chains, Franklin’s president and chief executive officer told Bloomberg News on Wednesday.

@Uniswap_PancakeSwap Open / Comment

2022-11-17 23:01:00 Uniswap website goes dark for some users after Cloudflare routing problem

Uniswap, the biggest decentralized exchange (DEX) for crypto, is suffering an outage affecting some users caused by a routing problem at internet infrastructure firm Cloudflare. In a Reddit post, the Uniswap team advised users to connect to the protocol via its IPFS link. IPFS stands for interplanetary file system and is a decentralized file storage protocol that powers connections on peer-to-peer networks. The Uniswap website currently loads as a blank page when opened by some users — while others appear unaffected. Users have reported that the issue has been ongoing for more than four hours as of the time of publishing. The project’s official Discord addressed the issue, blaming Cloudflare, a tool that enables secure connections on the internet.

@Uniswap_PancakeSwap Open / Comment