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DeFi
DeFi, short for decentralized finance, represents a shift in the financial sector by leveraging blockchain technology, primarily Ethereum, to eliminate traditional financial intermediaries. It enables various financial applications, from simple transactions to complex contracts, through smart contracts that execute automatically under specific conditions. Key DeFi applications include decentralized exchanges (DEXs), stablecoins, lending platforms, and prediction markets. DeFi offers financial services like loans and interest-earning opportunities without traditional identity verification, relying instead on collateral, usually in cryptocurrency. This innovative sector promises increased accessibility and efficiency but comes with risks, such as market volatility and unregulated projects.
Solana-Based Metaverse Gaming Platform Star Atlas Closes $2M in Public Token Sale
Blockchain-based metaverse gaming platform Star Atlas has closed $2 million in a public token sale, adding to the $41 million in sales it has already raised in NFTs. These NFTs and native Atlas tokens will be issued in Star Atlas’ play-to-earn gaming platform.
Vee Finance Hit for $35M in Second Major Exploit on Avalanche
The platform was attacked for a total of 8804.7 ETH (around $26 million) and 213.93 BTC (around $9 million).
Market Wrap: Bitcoin Sell-Off Deepens as Equity Volatility Rises
Analysts expect further choppiness this week as investors seek safety from risk assets.
Sushi Core Contributor 0xMaki Transitioning to Advisory Role
The de facto CEO said he will be turning his attention to the broader DeFi ecosystem.
$3M Was Stolen, but the Real Steal Is These Kia Sedonas, Say Anonymous Developers
One of the most elegant hacks in recent history is also one of the strangest.
FTX CEO: 'Every Major Finance Firm Is Talking About Crypto'
Sam Bankman-Fried, head of crypto exchange FTX and trading firm Alameda Research, and co-founder of decentralized finance (DeFi) project Serum discusses institutional adoption of crypto and his conversations with Wall Street. He launched his career as a trader at Jane Street Capital before entering the digital asset space. Plus, his take on plans for FTX following a $900 million raise valuing the firm at $18 billion, crypto regulators reacting to the SEC's case against Coinbase, and transparency around stablecoins.
$3M in Ether Stolen From SushiSwap’s MISO Launchpad
An auction on the DeFi exchange’s launchpad was attacked on Thursday.
Kyber DEX Launches on Avalanche With $5.8M Liquidity Mining Program
“We’re going after the users,” said Kyber Network co-founder Loi Luu.
Polychain Capital, Three Arrows Lead $230M Investment in Avalanche Ecosystem
The major funding will be used to inject liquidity into Avalanche-based DeFi platforms.
Polychain Capital, Three Arrows Lead $230M Investment in Avalanche Ecosystem
Fresh on the heels of a $180 million incentive program, the Avalanche Foundation announced Thursday a $230 million raise led by Three Arrows Capital and Polychain Capital to jumpstart liquidity in the network’s burgeoning decentralized finance (DeFi) ecosystem. "The Hash" squad discusses Avalanche as an emerging player entering the DeFi game, implications for VCs getting involved with the network, and the competition with Ethereum.