DeFi

DeFi

Finance

BONK's Surge Send Prices of Solana Saga Phone Flying to $2K

The sealed and unopened phone boxes contain an airdrop of 30 million bonk tokens, which has seemingly revived dismal Saga sales.

The Saga smartphone. (Danny Nelson/CoinDesk)

Finance

Ledger Exploit Endangers DeFi; Sushi Says 'Do Not Interact With ANY dApps'

The exploit reportedly prompts users to connect their wallets via a pop-up, triggering a token drainer.

Ledger Nano S hard wallet opened to show the screen display

Markets

Total Value of Cardano DeFi Ecosystem Nears $450M Amid Layer 1 Push; ADA Rockets 17%

The total value locked (TVL) of all Cardano-based tokens jumped to over $440 million late earlier this week, crossing the previous peak of $330 million set in April.

(David Mark/Pixabay)

Tech

Ethereum's Buterin Floats Prospect of Taking Some Layer-2 Functions Back on Main Chain

Vitalik Buterin, a member of the Ethereum Foundation's executive board, once pushed "layer-2" networks as a way to provide faster and cheaper transactions. Now he's got ideas for "enshrining" some of those functions on the main chain.

Ethereum co-founder Vitalik Buterin (Bradley Keoun/modified by CoinDesk)

Markets

DeFi Platform Conic Finance's CNC Token Surges 50% as the Protocol Plots Comeback After Hack

Conic Finance was hacked in July draining roughly $3.6 million worth of ether from the protocol.

Conic Finance lets liquidity providers gain exposure to multiple pools on DeFi platform Curve (Conic Finance)

Tech

Decentralized Exchange Uniswap Expands to Bitcoin Sidechain Rootstock

Uniswap version 3 (v3) has been deployed on Rootstock by GFX Labs, the team behind trading terminal Oku

Uniswap booth at ETHDenver 2023 (Danny Nelson/CoinDesk)

Finance

Starknet Foundation to Allocate 1.8B STRK Tokens 'Soon'

Starknet said 900 million STRK are earmarked for the foundation’s Provisions Committee, and 900 million will be dedicated to user rebates.

StarkWare co-founders President Eli Ben-Sasson and CEO Uri Kolodny (StarkWare)

Finance

Solana Protocol Kamino Eyes Airdrop Following Jito Token Launch

Solana's SOL token has more than tripled since mid-October as DeFi traders return to the ecosystem's on-chain trading, borrowing, lending and yield-generating projects, most notably Kamino.

Solana party in Lisbon (Danny Nelson/CoinDesk)

Opinion

Code Is Not (Always) Law

Sometimes, the law is the law, industry experts say.

(Kenny Eliason/Unsplash, modified by CoinDesk)

Markets

Galaxy-Backed Gyroscope's 'All-Weather' Decentralized Stablecoin Goes Live on Ethereum Mainnet

The GYD dollar-pegged token aims to protect against the risks of holding stablecoins by offering an alternative to centralized and algorithmic designs.

Gyro stablecoin (Gyroscope)