Category: DeFi

Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol

Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol

Shortly after culling its community of inactive members, one of decentralized finance’s (DeFi) strangest experiments is launching a new stablecoin lending product. On Wednesday Inverse Finance revealed the Anchor Protocol, a money market built around DOLA, a protocol-native synthetic stablecoin. Based on “a modified fork of Compound,” in a blog post Inverse Finance founder Nour […]

Continue Reading

3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

As new institutional and retail investors enter the cryptocurrency space on a daily basis, large-cap top performers like Bitcoin (BTC) and Ether (ETH) attract the lion’s share of investor’s attention as they are the well-known ‘secure’ blockchain projects.  Once these new investors get a taste of the mainstay cryptocurrencies and how to navigate the volatile […]

Continue Reading

Transaction batching protocol Furucombo suffers $14 million “evil contract” hack

Transaction batching protocol Furucombo suffers $14 million “evil contract” hack

The latest attack relied on user permissions granted to the protocol 29138 Total views 37 Total shares The latest “evil contract” exploit has netted an attacker over $14 million in stolen funds.  Furucombo, a tool designed to help users “batch” transactions and interactions with multiple decentralized finance (DeFi) protocols at once, fell victim to the […]

Continue Reading

Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain

Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain

Alpha Finance Lab’s recent integration with Binance Smart Chain and Compound Finance triggered an 85% rally in the protocol’s ALPHA governance token. 18477 Total views 25 Total shares Alpha Finance Lab (ALPHA) experienced a price breakout on Feb. 25 as a series of significant partnerships has brought renewed interest in the cross-chain DeFi platform.  Data […]

Continue Reading

DeFi exchange protocol DFX raises $5M in seed funding led by Polychain Capital

DeFi exchange protocol DFX raises $5M in seed funding led by Polychain Capital

Polychain Capital has bet on a new decentralized finance exchange protocol looking to boost the adoption of stablecoins in DeFi. 4814 Total views 20 Total shares Veteran cryptocurrency investor Polychain Capital has joined a funding round in DFX Finance, a new decentralized finance exchange protocol optimized for non-U.S. dollar stablecoins. DFX raised more than $5 […]

Continue Reading

Cointelegraph Consulting: Research outlines how DeFi can merge with traditional finance

Cointelegraph Consulting: Research outlines how DeFi can merge with traditional finance

New research finds that regulated financial institutions can interface with decentralized finance via digital asset marketplaces. 3269 Total views 15 Total shares While public adoption of crypto assets is increasing, global regulations continue to progress and recognize decentralized technologies as a suitable infrastructure for the dematerialization of securities. In Luxembourg, the country that is second […]

Continue Reading