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Daily Defi News from Across the Web

Daily Defi News from Across the Web

Yield Farm Cerberus Burns 8% of Every Transaction

Earn like hell, burn like hell The newly launched DeFi protocol Cerberus burns 8% on every transfer within the protocol. The yield farm and automated market maker want users to hold their... Read more »

Binance Says ‘Rollback’ Not Possible After DeFi Exploits

Decentralized finance protocols built atop Binance’s smart-contract blockchain, Binance Smart Chain, have suffered an increasing number of hacks or exploits. Those include an exploit earlier this month on bEarn Fi that resulted... Read more »

DeFi ‘Raises Challenges’ for Investors, SEC’s Gensler Says

Decentralized finance (DeFi) could pose fresh challenges for U.S. investors, Securities and Exchange Commission (SEC) Chair Gary Gensler said Wednesday. The cryptocurrency sector poses various risks to investors in the markets and... Read more »
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Market Wrap: Bitcoin, Ether Climb on ‘Green’ Mining Plans Before Losing Steam

The crypto market bounced then lost steam over the past 24 hours, perhaps fueled by the behavior of new market participants joining this current bull cycle. Meanwhile, market data continues to suggest... Read more »
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Uniswap Holders Consider Arbitrum for Scaling DeFi’s Top DEX

With Ethereum layer 2 scaling project Arbitrum set to open to developers on Friday, decentralized finance (DeFi) behemoth Uniswap is taking notice. That interest is evidenced by a community Snapshot poll “to... Read more »
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DFYN Users Grow Over 128% in 24 Hours

The latest exchange on Polygon DFYN, a multi-chain exchange currently available on the Polygon network, has experienced a rush of users pushing its volume to new heights in the last 24 hours.... Read more »
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Tron Hunter Transactions Swell 500%

Unique cut-and-run feature Tron Hunter has seen a new wave of users enter its platform and thanks to that increase the number of transactions on the platform increased 544% to more than... Read more »
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PolyLion Roars onto the Polygon Network

$6.3 million TVL in 2 weeks PolyLion, a new decentralized exchange, and yield farming project on the Polygon Network has surged to impressive levels just days after its official launch. Within 11... Read more »
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High-Yield Crypto Ecosystem Offers Alternative to Low Interest Rates

People have flocked to high-yield crypto environments because interest rates for traditional investments are staying low by comparison. It’s been nearly a year since “DeFi summer”, but the optionality has only increased,... Read more »
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Mark Cuban Invests in Ethereum Layer 2 Polygon

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict... Read more »

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