DeFi

Total daily trading volumes on decentralized exchanges have surged by nearly $800 million over the past two days. The median trading volume across the top three decentralized exchanges (DEX) jumped 444% in the past 48 hours as crypto investors reeled from the United States securities regulator’s recent legal actions against cryptocurrency exchanges Coinbase and Binance….

What are LP tokens? Liquidity providers deposit assets into a pool to facilitate trades on decentralized exchanges (DEXs) and automated market makers (AMMs) and receive liquidity pool tokens (LP) in return.  Liquidity pool tokens are also called liquidity provider tokens. They act as a receipt for the liquidity provider, who will use them to claim their…

April was a month of hacks, exploits and rug pulls, resulting in over $100 million in net losses across DeFi platforms. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. April saw several hacks, exploits and rug pulls…

A researcher at the Ethereum Foundation said he had “internally” discovered that staking Ether reveals a user’s IP address information. A researcher at the Ethereum Foundation (EF) revealed that the IP addresses of Ether stakers are monitored as part of a broader set of metadata, causing the cryptocurrency community to flag Ethereum for privacy concerns. In…

“NFTfi,” on-chain derivative platforms, decentralized stablecoins and Ethereum L2s are four investment opportunities being looked at closely by one crypto investment firm. Digital asset investment firms poured $2.7 billion into decentralized finance projects in 2022, up 190% from 2021, while investments into centralized finance projects went the other way — falling 73% to $4.3 billion…

DeFi platforms lost over $21 million to hackers throughout February, according to data released by DeFi project aggregator DefiLlama. Reentrancy, price oracle attacks and exploits across seven protocols caused decentralized finance (DeFi) space to bleed at least $21 million in crypto in February. According to DeFi-centric data analytics platform DefiLlama, one of the largest in the month…