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DeFi
DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.
Cardano DEX Minswap Sees Volume Jump Driven by SNEK, BANK Meme Coins
Volumes surged from just over $1 million at the start of May to $18 million on Tuesday, data from Minswap shows.
Optimism Token Prices Slide 7% Ahead of $580M OP Unlock, Doubling Token Supply
The initial vesting period for early investors and contributors ends today and will nearly double the circulating supply of the tokens.
Arbitrum Based Jimbos Protocol Scurries for Revival After $7M Exploit
Version 2 of Jimbos protocol was attacked over the weekend for $7.3 million, just days after going live.
Milady NFTs Get Dogecoin Treatment as Prices Retrace Days After Elon Musk Tweet
Top holders of LADYs meme coins are sitting on unrealized profits worth millions of dollars.
Etonec and Mina Foundation to Create ZK-Powered Compliance Tool By Year’s End
The product is designed to enable DeFi and Web3 communities to comply with regulations while maintaining community members’ privacy.
BNB Chain Expected to Undergo ‘Luban’ Upgrade in June. Here’s all You Need to Know
Three distinct enhancements aim to make the network faster and more secure.
Tornado Cash DAO Attacker Starts to Move Ether, TORN Tokens
The attacker holds over 20 ether in their wallet, and continues to have access to potentially all of Tornado Cash’s treasury funds as of Thursday.
Crypto’s Quirky Automated Market Makers and How They Differ From TradFi Exchanges
Crypto exchanges have order books just like the NYSE, but the digital asset realm also offers something very different known as automated market makers (AMMs).
Voltz Protocol Brings a Wall Street Rates Stalwart to DeFi
SOFR – which Voltz’s new product is tied to through the Avalanche blockchain – is used to set interest rates on TradFi loans, bonds and other products in the U.S.
Attackers Left Empty-Handed as Crypto Hacks Drop 70% in Q1 2023
Attacks and hacks on key protocols fell 70% in Q1 2023 compared to the same period in 2022 and were lesser than in any quarter last year.
