DeFi News Archives

DeFi Saver and Safe Pioneer a Next Wave of DeFi Security

In an important move for the decentralized finance (DeFi) sector, DeFi Saver has announced its integration with Safe, marking a positive step forward in simplifying and enhancing user interactions within the Ethereum ecosystem. This collaboration aligns DeFi Saver, a platform for managing DeFi positions on Ethereum, with Safe, an entity in account abstraction known for […]

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Sui and Ondo Finance Target Real World Assets With USDY

DeFi News, Investment, Latest News / News

As it continues to tokenize real-world assets, Ondo Finance has launched the treasury-backed USDY stablecoin alternative on the Sui Network.This marks the network’s first venture into hosting a native dollar-denominated token. USDY, which is backed by US treasury assets and bears interest, is now accessible for use across the Sui ecosystem, including by developers, builders,

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Sui Blockchain Sees Unprecedented $310 Million Inflow from Ethereum, Solidifying Its Position in DeFi

Leave a Comment / DeFi News, Investment / David McNickel

Assets worth nearly $310 million have migrated from Ethereum to Sui in the last month, signaling growing interest in Sui’s innovative blockchain technology and its burgeoning DeFi ecosystem. Wormhole data reveals a significant migration of funds from Ethereum to Sui, totaling nearly $310 million over the past month, marking a pivotal moment for the Layer

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Coinbase Wallet Chrome Extension Review: A Comprehensive Summary

Crypto Security, DeFi News, Platforms & Tools / News

If you’re in search of a thorough review for the Coinbase Cryptocurrency Wallet browser extension for Chrome, you’ve come to the right place. This summary encapsulates the insights from 50 recent user reviews, shedding light on the pros and cons of this wallet extension. Understanding The Coinbase Cryptocurrency Wallet Extension for Chrome Coinbase presents its

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Research Result: Few Concerned About 3^rd Party Custodian Failures

Crypto Interest Rates, Crypto Security, DeFi News / News

Surprise results from a new survey by stablecoin issuers Paxos finds that despite the failures of FTX, Celsius, BlockFi and others, the majority of experienced crypto holders are still comfortable trusting 3rd party custodian services. In a new survey from Paxos, most consumers remain confident in the future of cryptocurrency and are unphased by volatility.

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Fireblocks Advances Its Central Bank Digital Currency Strategy

Crypto Insurance, Crypto Security, DeFi News, News, News Lead, Platforms & Tools / David McNickel

Fireblocks has announced a key hire in its moves to engage with central banks globally in their introduction of digital currencies. The company has hired former Head of Fintech at the Bank of England, Varun Paul, to helm its Central Banking Digital Currency (CBDC) and Market Infrastructure arm. Paul has a Master’s Degree in Economics

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Security – The Giant Problem DeFi Doesn’t Want To Talk About

Crypto Security, DeFi News, Latest News / News

The DeFi ecosystem lost $1.22 billion dollars to hackers in the first three months of 2022 – a massive sum that threatens the sector’s very existence. Decentralized Finance protocols are harder to run than they look. There are multiple points of failure for platforms including smart contract exploits, flash loan attacks, and rug pulls by

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RociFi Raises $2.7M In Seed Funding To Lend Money To Anonymous DeFi Users

Crypto Lending, Crypto Loans, DeFi News, News / News

RociFi, a decentralized zero and under-collateralized lending protocol, has announced completing a seed funding round of $2.7 million USD (closed in November 2021) from Arrington, Goldentree, Nexo, LD Capital and Skynet Trading. RociFi’s decentralized lending protocol is designed to facilitate zero and under-collateralized loans for institutional and retail DeFi borrowers. RociFi has developed a protocol

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Cake DeFi Report Reveals Challenges & Opportunities

Leave a Comment / DeFi News, Latest News / News

According to its latest ‘Transparency Report’ the Cake DeFi platform experienced macro challenges to its growth this year, as it plans its expansion into tokenized stocks, commodities, and precious metal offerings in the near term. Since its 2019 launch, Singapore based Cake DeFi says it has grown to over 270,000 users and has over $700

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Compound Contract Bug – $62 M of Comp Still Missing