DeFi

Bear or bull? Fear or greed? It’s been a confusing week for the crypto-market as investors across the world struggle to make sense of the signs and rethink their strategies. What’s more, CoinShares’ Digital Asset Fund Flows report for the week ending 10 December noted the same. However, despite the fall in prices across theContinue reading “$17.2M in inflows for TRON, but here’s why that’s not all”

DeFi has been one of the fastest-growing segments in the crypto space this year. The space has also garnered the interest of bad actors, naturally leading to close to 200 DeFi hacks throughout the year. But, some industry advisors are only expecting it to grow bigger in 2022. Just yesterday, crypto trading platform AscendEX (formerlyContinue reading “Risks of DeFi hacks can magnify as we head into 2022, here’s why”

Running and managing a decentralized platform is no easy feat due to a clear lack of protocol guidelines often found in Decentralized Autonomous Organizations (DAO). The most recent evidence of the same can be seen with the SushiSwap debacle, with CTO Joseph Delong quitting the decentralized exchange in a rather public and messy manner dueContinue reading “How to correct SushiSwap’s functionality amidst ‘corporate infighting’”

The DeFi’s market movement has been quite dismal over the past few weeks. Right from MKR, AAVE, and COMP to UNI, SUSHI, and YFI, almost all the top tokens from this space have been incurring losses. Amidst the larger downtrend or ‘winter’ phase going on, the aggregate value locked in DeFi slipped to $85 billionContinue reading “Is Ethereum in any position to trigger a DeFi summer right now”

In one of the costliest heists that the cryptocurrency industry has ever seen, a phishing attack had cost the BadgerDAO tokens worth millions of dollars earlier this week. The protocol has now released a detailed analysis of the unauthorized transactions that had resulted in this huge loss of funds. In a ‘Technical Post Mortem’ publishedContinue reading “BadgerDAO reveals cause behind exploit, details recovery plan”

Uniswap is one of the most well-renowned names in the DeFi space. It as such plays a dual role, as both a cryptocurrency [UNI] and and a decentralized exchange [DEX]. Based on the Ethereum blockchain, Uniswap allows anyone to swap ERC20 tokens. And over time, the underlying token has witnessed its own fair share ofContinue reading “Uniswap on its way to a bright future thanks to these factors backing its growth”

After over a year of infighting among developers, popular decentralized exchange SushiSwap’s CTO Joseph Delong has finally tendered his resignation, according to a tweet by the exec. In the interest of the Sushi Community I am resigning as CTO effective immediately. I very much enjoyed the things that we built together and will look backContinue reading “SushiSwap CTO Delong quits as DEX is ‘imperiled within and without’”

Bitcoin‘s price movements impact those of several cryptocurrencies in the market, with the altcoin king Ethereum following closely. But this is the story of the spot market, what about the DeFi market? Is it actually as correlated to the spot market as it may appear to be? A SPELL that didn’t work for Ethereum AsContinue reading “The reason these DeFi altcoins see recoveries higher than Ethereum, Solana”

As the day for SundaeSwap’s much anticipated public testnet launch on Cardano came and went on 5 December, enthusiastic users were greeted with… nothing! Instead, the decentralized exchange’s team informed its followers that the launch has been delayed due to previously unrecognized technical issues, and it should be expected to take place on 6 December,Continue reading “Much-awaited SundaeSwap public testnet launch postponed over technical snafu”