Top DeFi

2022-02-01 12:05:29 Wonderland co-founder ready to shut the project down

Wonderland co-founder Daniele Sestagalli tweeted that the Avalanche-based reserve currency experiment (AVAX) is coming to an end. "A split in the community means we have failed."

The vote to keep or wind down the project came after Sestagalli asked former Wonderland Treasury chief Michael Patrin ("0xSifu") to resign.

Patrin sensationally announced Jan. 27 as co-founder of the now-defunct QuadrigaCX exchange. He had been tried for credit card fraud and pleaded guilty to several related crimes.

There have been several active votes on the Wonderland management forum, but at the time of writing, 55 percent voted to shut down the project and return the contents of the coffers to depositors, while 45 percent voted to disband. Sestagalli said the split led to a unified decision. Open / Comment

2022-01-28 10:12:38 Fantom briefly overtook Binance Smart Chain in TVL in DeFi

According to DeFiLlama, Fantom overtook Binance Smart Chain (BSC) yesterday to become the third largest blockchain in decentralized finance (DeFi) in terms of total blocked value (TVL). But BSC quickly regained the third position.

Yesterday, TVL in DeFi applications on Fantom bucked the downtrend of the global cryptocurrency market, showing an increase of more than 60% to $12.2 billion in the last week. However, today, despite bitcoin and the crypto market rising 10%, DeFi applications on Fantom showed a 10% decline in TVL.

Fantom (FTM) is an open-source smart contract blockchain that now accounts for 6.15% of DeFi's roughly $200 billion turnover.

BSC controlled more than 20% of TVL last May because of the rise of DEX PancakeSwap (CAKE), but it has now dropped to 6.05%. Open / Comment

2022-01-16 09:39:16 Tornado Cash transaction mixer launched on Optimism

The developers of the Tornado Cash cryptocurrency mixer continue to expand the project's footprint. Tornado smart contracts are now deployed on Optimism's Level 2 network.

The Tornado Cash mixer is now available on the first tier of the Etherium blockchain, as well as on the second tier solutions Arbitrum, Optimism, Polygon and the Binance Smart Chain, xDAI Chain and Avalanche blockchains.

The full launch of Optimism, with access for all developers, took place in mid-December. While the solution is not very popular yet, but it has already helped users save over $275 million in commissions. Right now, the amount of blocked assets in the Optimism protocol is $320 million. The Optimism network processes approximately 30,000 transactions daily.

Tornado Cash users will be able to use the solution to reduce the cost of commissions on the Etherium network. There are more than 60,000 addresses active in Optimism right now. Open / Comment

2022-01-14 09:02:05 Polygon has a new scaling solution

The Polygon team has unveiled Plonky2, a zero-disclosure proof-based scaling solution.

"Plonky2 is a recursive SNARK that is 100 times faster than existing alternatives and is natively compatible with Ethereum," the project blog said.

"Suppose we want to prove that a packet of 1000 transactions is valid. Creating a single proof to simultaneously validate 1,000 transactions would be an expensive and time-consuming process. Instead, we can use 1000 machines and generate 1000 proofs in parallel - one for each transaction. We can then take those transaction proofs and aggregate them, creating a layer of recursive proofs, each checking the other two. We repeat this process until there is a single proof left that verifies 1,000 transactions," the developers explained. Open / Comment

2022-01-08 23:56:32 YEAR token distribution turned out to be a planned fraud

The distribution of YEAR tokens, which allowed to see wallet activity on an annual scale through a special website, turned out to be a planned fraud scheme.

Initially, the creator of the smart contract did not give away his evil intentions in any way. Moreover, the smart contract was even audited. However, later it turned out that the burn function (which actually didn't burn, but checked the recipient's address) of the tokens had been created in advance with the possibility of spoofing the data.

As the logic of the smart contract claimed, users could not send tokens to the address of the contract holder. As soon as YEAR's giveaway gained popularity, it launched a feature with address spoofing.

As a result of the above actions, users lost the ability to sell tokens on Uniswap, but the purchase still worked. Open / Comment

2021-12-24 10:09:35 First ever SMS sold as NFT

Aguttes in France auctioned the world's first SMS message as a non-exchangeable token (NFT) for 132,680 euros.

The message with the text Merry Christmas was first sent by programmer Neil Papworth to the head of Vodafone operator Richard Jarvis on December 3, 1992.

The name of the buyer is not disclosed. The proceeds from the sale of NFT are planned to be sent to the UN refugee agency.

Earlier, an unknown person bought the NFT of the first version of Wikipedia for $750,000. Open / Comment

2021-12-20 08:22:48 Tron Foundation founder Justin Sun decides to go into politics

Justin Sun has been appointed the new ambassador of the World Trade Organization in Grenada, as a consequence of which he will cease to lead the Tron Foundation organization. Thus, one of the most famous and controversial participants in the cryptocurrency industry is distancing himself from the management of the blockchain project he founded, TRON, and is moving into politics.

In an interview with CoinDesk, San said he plans to focus on legitimizing cryptocurrency in Latin America, echoing the success of El Salvador.

After watching the U.S. House Financial Services Committee debate cryptocurrencies with industry representatives last week, San said that the industry cannot depend on U.S. action alone, especially given the conservative view of cryptocurrency legalization. Open / Comment

2021-12-09 14:56:28 DeFi startup Earnity has raised $15 million led by BitNile miner

Decentralized finance (DeFi) startup Earnity raised $15 million in a Series A round led by BitNile, a Bitcoin mining company, bringing the total to $20 million. Earnity plans to launch a curated financial marketplace for tokens early next year.

Earnity says the platform will allow users to earn, explore, collect and gift various tokens and portfolios in a secure, community-oriented way.

Earnity was founded by Domenic Carosa, who also founded the payment system Banxa Holdings and co-founded the cryptocurrency-focused investment fund Apollo Capital.

Other participants in the round included institutional investors Thorney, an Australian Stock Exchange-listed company, and NGC Ventures, a blockchain fund. Open / Comment

2021-12-08 17:48:50 $GOGO Fair launch on Copperlaunch (Polygon) is LIVE and running!

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Game-changing UX/UI Design for the easiest DeFi experience out there

What’s to come?
NFT Staking
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Don’t miss out! Fair Launch ends soon Open / Comment

2021-12-06 13:18:52 Launchpad Announcement! World’s First Metanance Project NEURONswap!!
NEURONswap is an innovative decentralized financial protocol based on the Klaytn mainnet that introduces “Metanance” for the first time in the world.
Date: 2021.12.13 (Mon) 10:00 A.M — 12.14(Tue) 09:59:59 A.M (UTC )
* Please note that launchpad will be held for a limited time(24 hours).
Tokens Quantity Offered : 2,390,288 NR (0.47% of Total Issuance)
Tokens that can participate in : KLAY, KETH, KSP, KORC
Participate: http://launchpad.neuronswap.com/
The amount of KSP / KORC / KETH is converted and calculated at the KLAY exchange rate.
What is Metanance? check out our DOCS below.
Docs : https://neuronswap.gitbook.io/neuronswap
Communities
Twitter : https://twitter.com/neuronswap
Discord : https://discord.gg/dyn7nTnqxV
Telegram(EN) : https://t.me/NEURONswap Open / Comment