DeFi


Tech

DeFi Project Friktion’s Shutdown Said to Stem Partly From Founder Disagreement

The official reason given by Friktion officials for the shutdown was that costs outpaced revenue, creating challenging economics for the Solana-based project.

There was friction between the founders at Friktion. (DALL-E)

Tech

Fantom Blockchain to Release Version 2 of fUSD Stablecoin

The migration from version 1 will result in liquidations of any positions where fUSD debt is equal to or greater than the FTM backing it.

(EyeEm/Getty Images)

Markets

Floki Inu DAO Passes Proposal to Burn Over $100M Worth of Tokens

FLOKI's price has rallied more than 100% in the past week.

Portrait Of Shiba Inu Dogs Traveling In Car (Getty Images)

Finance

DeFi Lender Aave Deploys Version 3 on Ethereum Network

Aave v3 allows users to benefit from the highest borrowing power out of their collateral.

AaveV3 is live. (app.aave.com)

Markets

Polygon Derivatives DEX Gains Network Crosses $1.5B in Trading Volume on Arbitrum

Trading volumes on Gains Network deployed on Arbitrum reached $230 million in the past 24 hours alone, data shows.

(David Mark/Pixabay)

Markets

Floki Inu Developers Float DAO Proposal to Burn $55M of Its Own Tokens

The proposal is part of a broader move towards positioning Floki Inu as a serious DeFi project, developers told CoinDesk.

DOGE rally is news-driven and doesn't represent speculative frenzy. (Thorsten/Pixabay)

Tech

Cardano DEXs Will Support Djed Stablecoin Liquidity Pools Starting Next Week

The issuance of Djed’s overcollateralized stablecoin has been a much-hyped topic in the Cardano community.

Liquidity Pool (Unsplash)

Opinion

Web3 Loyalty Programs Are a Trojan Horse for Good Crypto Policy

Crypto's three pillars of ownership, control and interoperability are likely to resonate with policymakers the most, writes Josh Rosenblatt of Co:Create.

The Trojan horse, after a painting by Henri Motte, Corcoran Gallery, Washington, D.C. (Getty Images)

Tech

Canto DEX Trading Volume Soars 200% Ahead of Proposals to Upgrade Network

The price of Canto's token has tripled since Jan. 1.

(Shubham Dhage/Unsplash, modified by CoinDesk)