DeFi

Stephen Hess, Co-founder and Chief Executive Officer (CEO) of the Solana NFT protocol Metaplex, has announced that it is laying off several individuals in the wake of FTX’s collapse. Hess added that Metaplex, the base layer of the Solana NFT ecosystem, is required to let go of its employees, even though its treasury isn’t directlyContinue reading “Solana NFT Protocol Metaplex announces layoffs after FTX’s collapse”

stETH clinched an all-time high in its APR since the Merge Recent market downturn caused by FTX’s collapse has made it hard for its price to see much positivity stETH, the tokenized form of staked Ether native to Lido Finance, saw a jump in its annual percentage rate (APR) to an all-time high of 10.7%Continue reading “stETH sees growth in APR, yet fails to deliver on the price front because…”

Avalanche has been highlighting its preparedness for more demand as self-custody gains popularity AVAX’s short-term demand still showing signs of low stimulation The DeFi space is heating up now that recent events have exposed cracks in the crypto-market’s centralized finance segment. Networks that have DeFi-centric developments are ideally positioned to leverage this shift, especially inContinue reading “How prepared is Avalanche’s DeFi arsenal to take on increased demand”

FTX’s collapse has been the single-biggest cause of concern for the crypto-industry, at least in the second half of 2022.  The degree of fear and uncertainty that this catastrophic event has induced in the market is evident from the outflow of funds from exchanges and inflows into cold wallets.  Market fundamentals remain stable Despite allContinue reading “Here’s the good news in a post-FTX collapse world…”

The price of Uniswap spiked amid a 9.1 million UNI whale transaction Although relieving, there was no certainty that UNI would remain bullish Uniswap [UNI] appreciated by 7.06% in the last 24 hours, a rise that might be related to a recent whale transaction. According to whale tracking platform WhaleAlert, on 12 November, about $50Continue reading “Could Uniswap be winner of the week with this slight change in transactions”

The partnership between Aave, a lending protocol, and Balancer, an Automatic Market Maker platform, would be the first step toward increasing the utility of Aave’s stablecoin, GHO. The partnership would also help boost the liquidity for pools on Balancer. The proposal was recently voted on and was now awaiting execution. Expanding on the partnership andContinue reading “Aave, Balancer, and the TVL tale you need to know for your next trade”

According to WhaleStats, Curve Finance [CRV] joined nine others as part of the top ten traded by Ethereum [ETH] whales on 4 November. The whale tracking platform showed that the top 100 whales had engaged about 5,000 CRV in trading activity within the period.  https://twitter.com/WhaleStats/status/1588478801884979200 Here’s AMBCrypto’s Price Prediction for Curve Finance [CRV] for 2023-2024 “OneContinue reading “Should Curve Finance [CRV] investors be thrilled by this whale attention”

The perpetrator behind the $14.5 million exploit carried out on DeFi platform Team Finance has started returning his loot, indicating that this was a white hat attack.  Team Finance projects get 90% of their funds According to blockchain security firm SlowMist, the projects affected by the hack have received $7 million from the hacker soContinue reading “Team Finance hacker returns $7M of the exploited funds”

If you have invested in Ethereum (ETH), you probably want to know how well or badly (relatively) it is currently performing. Perhaps, what you want to know more is what the future has in store for Ethereum. Maybe, the best answers are in its ability to retain value in the form of liquidity. Here’s AMBCrypto’sContinue reading “How Ethereum’s [ETH] liquidity can help it retain its position in the market”