DeFi
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.
Aave Supporters Say Lending Freeze Will Help Transition the Network
Community members voted Monday to freeze 17 assets in the Ethereum liquidity pool to lower risk within the DeFi protocol ahead of upgrading the network to its third version.
DeFi Giant MakerDAO Voting on Hiking DAI Stablecoin Rewards
Increasing the DAI savings rate would increase the Maker stablecoin’s competitiveness and help mitigate capital outflow from crypto to traditional financial markets, MakerDAO contributors said.
MakerDAO Community Rejects CoinShares Proposal to Invest Up to $500M in Bonds
The largest decentralized lending protocol MakerDAO previously approved a plan to invest $1.6 billion with Coinbase Prime for an annual yield of 1.5%, but this latest plan didn't fly.
Some Things to Be Thankful For, Even Though Everything in Crypto Is On Fire
This has been an overall bad year for crypto, but here are some positive things.
Cardano DeFi Project Ardana Halts Development, Citing Funding, Timeline Concerns
The project closed a $10 million round led by now bankrupt crypto hedge fund firm Three Arrows Capital last year.
Mango Exploiter's Funds Get Liquidated After Roiling Aave Using $20M of Borrowed Curve Tokens
A trader identified as Avraham Eisenberg, who became infamous for his “very profitable trading strategy” of exploiting $114 million from Mango Markets, borrowed tens of millions of Curve DAO tokens and sent them to an exchange – but his position appears to have gotten liquidated.
Tornado Cash Developer Alexey Pertsev Ordered to Stay in Jail Until Late Feb
Alexey Pertsev has been ordered to stay in jail until Feb. 20 after a Netherlands court found he represented a flight risk. Perserv has been accused of facilitating money laundering by developing the now sanctioned app Tornado Cash. "The Hash" hosts discuss the latest blow to the DeFi privacy community.
Curve's CRV Token Turns Volatile as Exchange's Balance Hits Record High
The token sank to a two-year low of 40 cents early Tuesday before quickly bouncing back to 53 cents.
What FTX Fallout Means for VC Funding in Crypto
In Q3 of this year, venture capitalist funding for crypto startups hit a new low in 2022, at roughly $5.5 billion in fundraising, according to Galaxy Digital. Dragonfly Capital Partner Tom Schmidt discusses the impact of crypto exchange FTX's collapse on the industry and outlook for investments in DeFi and NFTs amid crypto winter.
