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Daily Defi News from Across the Web

Daily Defi News from Across the Web

DeFi Protocol xToken Suffers $24.5M Exploit

DeFi Protocol xToken Suffers $24.5M Exploit Source link Read more »

Slingshot Picks Ethereum Layer 2 Polygon for Full Launch

Decentralized exchange (DEX) aggregator Slingshot has chosen to launch to the public on Polygon, a blockchain that runs tangential to the main Ethereum network, and one that’s a lot faster and cheaper... Read more »

DAO Raises $7M to Acquire and Fractionalize NFT Collections

DAO Raises $7M to Acquire and Fractionalize NFT Collections Source link Read more »
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Rise of YFI & Woofy May Be a Bellwether for Rotation From Ethereum To DeFi

Source: Adobe/FR Design The rise of Yearn Finance‘s governance token YFI could be a bellwether for another decentralized finance (DeFi) season, according to market players. A discussion is currently being led on... Read more »
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BakerySwap Double Transaction Volume with Crypto Doggies IDO

$54 million overnight for MEME coin meets CryptoPunks Leading Binance Smart Chain DeFi dapp and NFT marketplace BakeySwap is heating up right now as transaction volume doubled overnight. In the last 24... Read more »
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Simple BSC DeFi Dapp Solo Top Generates $5 Billion

Chinese centric simplified staking and rewards Within one month DeFi protocol Solo Top grew from nothing into a $5 billion powerhouse on Binance Smart Chain. The stripped-back DeFi service sure had an... Read more »
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Yearn.Finance’s YFI Token Surges 22% to Record Price

The digital-asset management platform Yearn.finance’s governance token, YFI, jumped 22% Tuesday to an all-time high in price, joining the rally in recent months of cryptocurrencies linked to the fast-growing decentralized finance sector... Read more »
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Balancer V2 Goes Live, Promising Reduced Gas Fees for DeFi Traders

Balancer Labs has released version 2.0 of its automated market maker (AMM). The upgrade, which has been in development for more than a year, offers a generalized protocol for AMMs operating within... Read more »
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DARMA Capital Bets $3M on Scalable DeFi Exchange With Settlement Finality

Ethereum scaling solution Nahmii is being backed by DARMA Capital, the U.S.-registered investment fund launched by former ConsenSys veterans Andrew Keys and James Slazas.  Announced Tuesday, DARMA is leading a $3 million... Read more »
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DeFi Darling YFI is More Expensive than Bitcoin Yet Again

Source: Adobe/Vladimir Kazakov Yearn Finance‘s governance token YFI has once again surpassed bitcoin (BTC) as the most expensive cryptoasset available for purchase. At 10:18 UTC, YFI is trading at USD 68,454. It... Read more »

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