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Daily Defi News from Across the Web

Daily Defi News from Across the Web

In Token Crash Postmortem, Iron Finance Says It Suffered Crypto’s ‘First Large-Scale Bank Run’

A near-total collapse in the price of a share token of a decentralized finance (DeFi) protocol was “the world’s first large-scale crypto bank run,” the people behind Iron Finance said in a... Read more »

DeFi Is Getting Even Weirder

Decentralized finance (DeFi) has always been strange, but it’s becoming mind-bending. It’s following the course the internet took as a publishing platform. First, it recreated things from the analog world. Then it... Read more »

Hacker Exploits Binance Yield Farms and Drains Tokens to $0,00

Garuda, Cerberus, KetchupSwap and others affected An anonymous hacker has used exploits to drain the value out of several yield farms on Binance Smart Chain. They managed to get away with millions... Read more »
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Iron Finance’s Titan Token Falls to Near Zero in DeFi Panic Selling

Iron Titanium token (TITAN) – the share token of a decentralized finance (DeFi) protocol that was once worth $2 billion – has fallen to near zero. The token was recently changing hands... Read more »
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Kyber Network Looking to Share in Polygon DeFi Success Story

The on-chain liquidity protocol seeks scalability through Polygon Kyber Network, an Ethereum-based decentralized exchange, is looking to improve scalability by deploying its services on Polygon. The exchange will become available on Polygon... Read more »
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DeFi Derivatives Platform SynFutures Raises $14M

Decentralized finance (DeFi) derivatives exchange SynFutures raised $14 million in a Series A funding round led by Polychain Capital, SynFutures announced Wednesday.  As DeFi continues to gain in popularity, investors look to... Read more »
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How to Use PolyCat Finance: Beginners Guide

A complete step by step guide to PolyCat Finance PolyCat Finance is one of the latest DeFi applications to arrive on the Polygon network. On the face of it, it doesn’t appear... Read more »
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Institutional Investors Come to Polygon Amid Rising Ethereum Layer-2 Demand, Blockchain Data Shows

Retail investors and traders are not alone among the decentralized finance (DeFi) users flocking to Polygon, which is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks, known as a “layer... Read more »
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‘Free Money’ Bug Hits DeFi Platform Alchemix

Decentralized finance (DeFi) protocol Alchemix has resolved a bug that seemingly forgave borrowers’ loans prematurely, essentially giving them free money. One DeFi observer on Twitter called it a “reverse rug pull,” referring... Read more »
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Decentralized Credit Protocol Goldfinch Raises $11M in Series A Funding

Goldfinch, a decentralized protocol enabling crypto borrowing without crypto collateral, has raised $11 million in a Series A funding round led by venture capital giant Andreessen Horowitz, also known as a16z. The... Read more »

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