Key Takeaways: Circle’s Chief Economist Gordon Liao proposed raising USDC’s Aave V3 Slope 2 rate to 50% to restore liquidity after a KelpDAO exploit. A $292 million KelpDAO rsETH bridge attack on April 18 drained Aave of up to $15.1 billion in TVL within days. Aave’s USDC pool sat at 99.87% utilization for four days,…
0xngmi, founder of Defillama, has called out some companies for promoting what he called fake RWA metrics, replicating database movements onto blockchains to simulate activity. The post comes as an answer to Figure, which claims that Defillama has repeatedly refused to list their volumes due to their low follower count on X. Defillama Criticizes Figure’s…
Linea has launched Ignition, a ten-week incentive program distributing 1 billion LINEA tokens to boost liquidity across major DeFi protocols. Brevis ZK Proofs Drive Linea’s New Liquidity Rewards Program Linea is rolling out Ignition, a 10-week growth initiative distributing 1 billion LINEA tokens to strengthen liquidity across Etherex, Aave, and Euler. Unlike traditional reward schemes,…
Falcon Finance has launched an onchain insurance fund with an initial $10 million contribution to enhance risk management and protect users of its USDf stablecoin ecosystem. $10M Backstop: Falcon Finance Establishes Onchain Safeguard According to the release shared with Bitcoin.com News, Falcon Finance has established an onchain insurance fund, seeding it with an initial $10…
Chainlink has launched Data Streams, providing real-time pricing for U.S. equities and exchange-traded funds (ETFs) directly on blockchain networks. Chainlink Data Streams Target Tokenized Real-World Asset Market The service delivers high-frequency market data for assets including SPY, CRCL, QQQ, NVDA, AAPL, and MSFT. This data is now accessible across 37 different blockchains. The streams incorporate…
Moria, a BCH-based stablecoin issuance protocol, has been successfully audited by Hashlock, a Web3 security and smart contract auditing company. The audit found the code powering the stablecoin platform was “secure, logically ordered, and constructed with clear intent.” BCH Stablecoin Issuance Protocol Moria Passes Security Audit Moria, a BCH-based stablecoin issuance protocol, has passed a…
R3 announced a strategic collaboration with the Solana Foundation aimed at merging public and private blockchain networks to enhance institutional access to digital capital markets. This partnership will leverage R3’s enterprise-grade private blockchain technology alongside solana’s high-performance public mainnet, facilitating the integration of regulated financial institutions with tokenized real-world assets (RWAs). The initiative is expected…
Metamask, one of the largest wallet companies in the cryptocurrency industry, recently launched a crypto debit card in Argentina. The wallet is already available digitally, with its physical version arriving in the country in the next weeks. Metamask director Daniel Lynch specified the idea behind this initiative was to link decentralized finance to the real…
Coinbase claims these verified pools will allow institutions and companies to invest and trade onchain, reducing counterparty risks while still reaping the benefits of a blockchain-based operational system for these transactions. Coinbase Debuts Verified Pools Liquidity System Built on Base Coinbase has taken a new step in the innovation of onchain decentralized finance. On March…
Indian authorities have arrested Aleksej Besciokov, the co-founder of the Russian cryptocurrencyA cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Unlike traditional currencies issued by central banks, cryptocurrencies operate on de… exchange Garantex, which has been accused of facilitating illicit financial transactions. Besciokov was detained in Thiruvananthapuram following a…