The collapse of the UST stablecoin and the major crisis of confidence in stablecoins led investors to withdraw funds from DeFi protocols en masse. The calamity has exposed many of the weaknesses in the decentralized finance industry but also created an excellent opportunity for it to work out the flaws and upgrade on the way…
On May 7, the European Commission (EC), or, more precisely, its division called the Directorate-General for Financial Stability, Financial Services and Capital Markets Union, published a fascinating document called European Financial Stability and Integration Review 2022. Two-thirds of it was dedicated to DeFi, and having examined it, the author of these lines got the impression…
The two largest blockchain platforms – Ethereum and Solana – are now in a fierce confrontation. Will the technological reform and transition to Ethereum 2.0 help Ether? Or has the originally more advanced Solana network escalated its growth momentum enough to overtake ETH? What blockchain platform will become the new leader in the DeFi segment?…
Curve Finance is a DeFi protocol that doesn’t often grab the crypto news headlines. Nevertheless, it has already become the undisputed decentralized finance market leader by total value locked (TVL). We decided to take a closer look at the most popular DeFi system today. DeFi protocol Curve Finance (Automated Market Maker Protocol, AMM) had an…
Over the past couple of months, there have been continuous reports of hacker attacks on various decentralized finance services. We tried to figure out why DeFi has suddenly got such intense onslaught from cybercriminals. To track the pattern, let’s first look at some of the loudest and most devastating hacks in recent weeks. – NFT…
Another “veteran” cryptocurrency has added smart contracts to its network. IOTA is very different from other cryptocurrencies: For starters, it doesn’t run on the blockchain, using a slightly different technology instead. Now it also features smart contracts, though currently still in beta version. The official blog of the IOTA project released a message that smart…