DeFi

Compound Finance, a popular DeFi protocol, recently came under fire for approving a proposal that allocates a significant portion of its treasury to a lesser-known yield-bearing protocol called goldCOMP Vault. This decision has led to…

Liquidium, a lending platform in the Bitcoin ecosystem, recently raised $2.75 million in a seed round to become a leading DeFi hub. Investors in the round included Wise 3 Ventures, Portal Ventures, Asymmetric Capital, AGE…

LiFi Protocol, a DeFi platform compatible with Solana and EVM chains, recently fell victim to an exploit resulting in approximately $10 million in losses. Cyvers Alert, a web3 security platform, discovered suspicious transactions involving a…

LI FI, a cross-chain transaction aggregator, recently experienced a security breach resulting in a loss of over $9.7 million, primarily in stablecoins. The hacker involved has been withdrawing funds and swapping USDC and USDT for…

Bitcoin (BTC) has shown immense promise at the start of 2023, hinting at mainstream adoption. However, trust issues in the industry persist, particularly around wrapped Bitcoin (wBTC) and its reliance on centralized custodianship. While wBTC…

Compound Finance, a popular DeFi platform, has recently experienced a significant security breach that has affected its official website. The protocol’s domain was hijacked, and a phishing site is now being hosted on it, posing…

DAO voting has approved a proposal by Nomic to waive Bitcoin bridging fees on the Osmosis platform in exchange for a share of taker fees from nBTC trading. Sunny Aggarwal, co-founder of Osmosis, strongly supports…

Smart contract proxy upgradeability allows developers to update the logic of deployed smart contracts while preserving the contract’s state and address. This provides flexibility to fix bugs or add features but also introduces potential risks.…

The recent exodus from Pendle, a popular DeFi protocol, has seen a 40% drop in total-value-locked (TVL), with $3 billion being withdrawn by users last week. This decline is partly due to some products reaching…

As regulators worldwide grapple with how to oversee the rapidly evolving crypto landscape, many organizations and market participants have published consultation papers and recommendations. However, IOSCO’s recent paper on “Policy Recommendations for Crypto and Digital…