Tag: DeFi

Out of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to the community treasury, which funds contributor grants, community initiatives and liquidity mining, among other programs. Decentralized exchange (DEX) platform dYdX will unlock $14.02 million worth of its native DYDK tokens to be allocated to its community treasury and rewards for…

Circle announced that a Base version of its USDC stablecoin would be available soon, eventually eliminating the need for the USDbC bridged version. Circle’s United States dollar stablecoin, USD Coin, will launch natively on the Base network “next week,” according to an Aug. 29 social media post from CEO Jeremy Allaire. The new version will…

Shytoshi Kusama, the co-founder of the SHIB token, said the bridge was fixed with the help of Polygon Labs co-founder Sandeep Nailwal. Shibarium, a new layer-2 blockchain for Shiba Inu, has surpassed 100,000 wallets on its platform, with 35,000 coming within 24 hours of Shibarium’s relaunch on Aug. 28. Shytoshi Kusama, the lead developer and co-founder…

The two networks will share profits and governance using multisignature wallets, and a “security council” will be formed as the ecosystem grows. Developers behind the Base and Optimism networks have jointly announced a revenue-sharing and governance-sharing agreement. Coinbase, the parent company of Base, has also published a list of “principles of neutrality” it will follow…

A fresh round of attacks targeted the DeFi ecosystem on Aug. 18. The Exactly protocol was exploited for nearly $7.3 million, while the Harbor’s team is still estimating the amount stolen. Decentralized finance (DeFi) protocols Exactly and Harbor were exploited on Aug. 18 in two separate — and apparently unrelated — attacks, according to blockchain…

A crypto wallet linked to the BNB Smart Chain exploit had three of its positions liquidated after BNB’s price dropped below $220. The sudden market pullback in the crypto space liquidated many traders and, according to data shown on the blockchain, the attackers responsible for the infamous BNB Smart Chain exploit, which led to the…