Decentralized Finance
Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance
Sherlock deposited $5 million USDC of its staking pool into the beleaguered credit pool on Maple, which suffered a $31 million hit from Orthogonal Trading’s FTX-induced insolvency.
Crypto Firm Orthogonal, Victim of FTX Contagion, Now Faces Internal Dissent
Shortly after Orthogonal got served with default notices on $36 million of crypto loans from Maple Finance, the firm’s credit team published a statement saying it was “speechless” and unaware of the extent of the trading team’s exposures.
DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion Widens
Nexus Mutual, which offers an insurance alternative for decentralized finance traders, deposited some $19 million in ETH to Maple’s wrapped ether credit pool, which was rocked by Orthogonal Trading’s recent default.
MakerDAO Community Rejects CoinShares Proposal to Invest up to $500M in Bonds
The MakerDAO community rejected a proposal to use up to $500 million in stablecoin USDC to invest in bonds with crypto investment firm CoinShares. MakerDAO founder Rune Christensen discusses the reason behind the rejection and his outlook for decentralized finance. Plus, details on the community’s voting on increasing DAI stablecoin rewards.
DeFi Lender Compound Tightens Borrowing Limits After Aave Exploit Attempt
A passed proposal introduces borrowing caps for five cryptocurrencies and sets stricter loan limits for another five.
3 Things We Learned at Tornado Cash Dev Alexey Pertsev's Trial
The prosecution said little about free speech during the trail of the Tornado Cash privacy protocol developer. The focus may be on the mechanics of DeFi.
DeFi Protocols Are Winning Users as Centralized Crypto Exchanges Suffer Ether Outflows
In the wake of the downfall of Sam Bankman-Fried’s FTX exchange, crypto traders are increasingly turning toward decentralized-finance (DeFi) protocols – as Ethereum tokens flow off big centralized crypto exchanges like Binance and OKX.
Terra-Victim Invictus Capital Defaults on $1M TrueFi Loan
This is the second time in a month that a lender defaulted on an unsecured loan on the decentralized lending protocol.
DeFi Protocol Voltz Opens Door for Passive Traders With Liquidity Optimizer Vault
The new product will give traders the opportunity to earn passive liquidity provider returns without the risk of impermanent loss, Voltz's CEO said.
Crypto Staking Platform Freeway Halts Withdrawals, Citing Market Volatility
The small-cap platform that promised users up to 43% in annual awards puts the brakes on withdrawals and scrubs its team from the site.
