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  • Opyn Hacked for $371K USDC: Exploit Details Revealed

    DeFi risk-management platform Opyn was hacked via a “double-exercise” attack to the tune of roughly $371,000 USDC. Here is an overview of the incident affecting ETH Put contracts. No other contracts are affected. ~371k USDC was lost. We worked with @samczsun to whitehack, securing ~439k USDC. Affected users, please see below. Full post-mortem coming in next few days.https://t.co/ILNutAiqfU
    — opyn (@opyn_) August 4, 2020 In response, the Opyn team drained liquidity of oETH tokens from Uni… … More

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  • This Week in DeFi – July 24th

    To our DeFi Community,
    Your participation is needed now more than ever. As DeFi continues to act as a black hole for ETH, governance will continue to play an increasingly important role in the expansion and sustainability of open finance. With over $1B in new liquidity fueling Ethereum’s hottest sector in the past 7 days alone, it’s impossible to ignore the rapid innovation taking form right before our eyes. Best exemplified by yEarn and the release of its zero pre-mine, no initial … … More

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  • This Week in DeFi – July 17th

    To Our DeFi Community,
    The Initial DEX Offering (IDO) is here. And while it’s not perfect, it’s a substantial improvement from the token distribution models back in 2017 and 2018.
    While the evolution has been slow, DeFi tokens have taken small steps over the past few years to improve incentive designs, distribution methods, and more. The Initial DEX Offering is another step in this evolution as it provides investors with permissionless access to token offerings. The movement was init… … More

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  • This Week in DeFi – July 10th

    To Our DeFi Community,
    DeFi is coming to CeFi. It’s too good for them to resist.
    We mentioned this last week but DeFi tokens have been on an absolute tear over the past few months. Now, centralized exchanges are looking to capitalize on the new wave of tokens that are booming in the Ethereum economy. This trend was marked with Coinbase announcing their exploration on a range of new crypto assets back in early June, half of which were DeFi tokens. This week, Binance announced their listing … … More

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  • Introducing mStable – meta-assets with native yield and zero slippage swaps

    The fragmentation of the stablecoin market in DeFi has led to a lackluster experience for many crypto users. Gone are the days when DeFi was DAI-centric; nowadays, most DeFi users find themselves having to shuffle between a handful of stablecoins in order to take advantage of the opportunities available in DeFi. And if you aren’t trying to hack your yield, you’re missing out by today’s standards. The whole process can be a lot to take in for even experienced users; imagine… … More

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  • Introducing mStable – meta-assets with native yield and zero slippage trades

    The fragmentation of the stablecoin market in DeFi has led to a lackluster experience for many crypto users. Gone are the days when DeFi was DAI-centric; nowadays, most DeFi users find themselves having to shuffle between a handful of stablecoins in order to take advantage of the opportunities available in DeFi. And if you aren’t trying to hack your yield, you’re missing out by today’s standards. The whole process can be a lot to take in for even experienced users; imagine… … More

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  • This Week in DeFi – July 3rd

    To Our DeFi Community,
    The pace of innovation in DeFi never ceases to amaze.
    Whether it’s new products, new upgrades, new tokens, or new investment rounds closing, we’re genuinely having trouble keeping it up with it all. To give you an idea, here’s what we saw this week alone as DeFi closed out Q2: Kyber’s Katalyst upgrade launch date set for July 7th
    0x launches it consumer-friendly DEX, Matcha
    Synthetix releasing Binary Options
    Nexus Mutual releasing pooled staking
    Th… … More

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  • USDC market cap exceeds $1 Billion, Fastest-Growing Digital Dollar Stablecoin to Do So

    USD Coin (USDC) solidified its position as a leading digital dollar as its market cap crossed $1 billion earlier today. USDC achieved that mark only 21 months after launch, making it the fastest-growing digital dollar stablecoin to cross that threshold.Since launch, USDC has achieved product-market fit in traditional crypto, with hundreds of exchanges and wallets using it on a daily basis. In 2019, we witnessed the explosion of the decentralized finance (DeFi) ecosystem, which led to an increase… … More

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  • This Week in DeFi – June 26th

    To Our DeFi Community,
    The liquidity wars have begun. With virtually every DeFi protocol now launching or exploring yield farming incentives, we’re beginning to see a fight for liquidity on Ethereum.
    And it’s just beginning. While Compound and Balancer have been prime examples of successful launches for yield farming- where their native governance tokens soared in value alongside hundreds of millions in new liquidity – there are dozens of other protocols jumping into the queue … … More

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  • Popular

    Centre Announces Multi-Chain USDC Framework

    Centre today is announcing a framework for multi-chain USD Coin (USDC) support so that other blockchains can leverage the foundation and standards that have been created behind USDC. Algorand will be the first blockchain with a stablecoin implementation based on that framework that is “Powered by USDC”.Centre was formed with a vision of building a standard set of protocols for fiat-denominated digital currencies that could work across different wallets, currencies and platforms. The first Centre… … More

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  • This Week in DeFi – June 19th

    To Our DeFi Community,
    Compound’s launch of the COMP token earlier this week may have very well sparked a new trend in DeFi – liquidity mining (also known as yield farming). In case you somehow missed it, the leading lending protocol has begun distributing COMP tokens to each of the protocol’s money markets pro-rata by the total interest accrued. While many were anticipating the launch, few expected the results.
    After initially listing on Uniswap for $16, COMP tokens have soare… … More

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  • dYdX Adds USDT Support Using Curve for Bitcoin Perpetual Futures

    dYdX – an industry-leading derivatives DEX – has added support for USDT in their highly acclaimed permissionless Bitcoin Perpetual Futures. 1/ NEW: USDT deposits & withdrawals are now live on the dYdX BTC Perpetual.
    Effective today, we are also renaming the Perpetual Market to BTC-USD.
    Under the hood, USDC will continue to be held as the margin/settlement asset for the BTC Perpetual.https://t.co/0gXemTdww8 pic.twitter.com/PE9GHhXClP
    — dYdX (@dydxprotocol) June 17, 2020 Fo… … More

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