Tag: DeFi

DeFi Lender Liquity (LQTY) Unveils Protocol Upgrade, New Stablecoin BOLD in White Paper

“LUSD is great for its decentralized capabilities, but it doesn’t have the built-in flexibility to adapt to changing market environments like rising or falling interest rates,” Samrat Lekhak, head of business development and communications at Liquity, said in an interview over Telegram. “In times of positive interest rates, this implies a need for a continuous yield source for the stablecoin, which BOLD provides.” Source

Could This DeFi Gem Be the Next Big Pick? – Blockchain News, Opinion, TV and Jobs

Besides accumulating established cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP, crypto whales are also known for hunting newer coins like RCO Finance (RCOF). Besides accumulating established cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP, altcoin whales are also known to hunt for newer coins like RCO Finance (RCOF).  An example is the Friend.tech whale, which recently accumulated over 55,000 newly issued FRIEND tokens before offloading them after the token airdrop launch. Let’s dive into the recent whale activity and explore the potential of RCOF in this dynamic landscape. Crypto…

2 Bitcoin L2 Projects Secure Investments to Enhance Bitcoin’s Defi Capabilities

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On Tuesday, two Bitcoin-centric layer two (L2) initiatives successfully secured funding from strategic investors. Botanix Labs, a startup focused on developing a decentralized Turing-complete L2 EVM (Ethereum Virtual Machine), garnered $11.5 million. Meanwhile, the Bitcoin L2 ZKM attracted $5 million during a pre-seed investment phase. Bitcoin L2 Projects Gain Momentum With New Financing Rounds Throughout […] Original

CEO of Loka Mining on Bitcoin’s DeFi possibilities

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Speaking to crypto.news in an interview, Andy Fajar Hardika, CEO of Loka Mining, discussed the evolution of decentralized finance (defi) on the Bitcoin network. On April 19, 2024, Bitcoin mining rewards were slashed in half. Mining a block will now generate only 3.125 BTC, compared to the previous 6.25 BTC. Although the Bitcoin halving happens every four years or so this year, it’s really got industry participants talking about how the reduced rewards will affect the mining economy. With each halving event, mining firms have to adapt to a lower-margin…

The Four Biggest Risks in Modern DeFi

You might have heard the doomsday analyses comparing the most successful protocols of this wave, like Ethena or Eigen Layer LRTs, with risk management disasters like Terra, without really providing any credible evidence of the parallels. Fact is, this new generation of fast-growing DeFi protocols is much more mature and a lot of thought has gone into risk management. However, there is still plenty of risk. Source

Prioritizing First-Mover Advantage Over Security Leaves Defi Protocols Vulnerable to Hacks – Nikita Ovchinnik

According to Nikita Ovchinnik, founder of Barter Defi, decentralized finance (defi) protocols are increasingly becoming the primary target of most hacking attacks because defi “lays bare its inner workings for all to see.” He said the open-source nature of defi means hackers and malicious actors have ample time to study and identify weaknesses or vulnerabilities […] Source CryptoX Portal