DeFi
Token Offering of Asset Management Platform Factor Raises Roughly $7.6M
Several hours before the public sale ended, Factor announced changes to decrease the initial circulating supply.
Mango Markets Will Alter Multi-Sig Feature to Mitigate Security Threats After $114M Exploit
The decentralized exchange will upgrade its security in a new version of its platform.
YFI Sets Six-Month High as Yearn Finance Teases Ether Liquid Staking Product
The product is designed for users to gain exposure to a basket of liquid staking derivatives in a single token.
Unrelated BASE Token Jumped 250% After Coinbase Starts Layer 2 Network Base
As of Friday, Coinbase has explicitly stated it has no plans to launch a token for its new blockchain.
Affine Protocol Raises $5.1M From Industry Heavyweights to Develop DeFi Yield Offering
The round was led by Jump Crypto and Hack VC and included contributions from Circle Ventures and Coinbase Ventures.
Coinbase Launches Layer 2 Blockchain Base to Provide On-Ramp for Ethereum, Solana and Others
Base is built on Optimism and Coinbase has no plans to issue a new network token.
XRP Ledger Proposes Cross-Chain Bridge to Increase Network and Token Utility
The proposal defines how funds are locked on one chain and wrapped on another chain to ensure the movement of tokens between XRP Ledger and associated sidechains.
DeFi Liquidity Protocol Synthetix Deploys Version 3 on Ethereum
Synthetix holds over $450 million in locked tokens over the Ethereum and Optimism networks.
Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform
Company relied on smart contracts whose coding is consistent with a Ponzi scheme, the U.S. Justice Department says.
Klaytn Foundation Proposes Burning 5.28B KLAY Tokens, Cutting Token Supply by Nearly 50%
The proposal suggests an initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY tokens or approximately 48% of the total token supply.
