“The SEC also alleges that Rari Capital and its co-founders misleadingly touted the high annual percentage yield that investors would earn, but they failed to account for various fees and, ultimately, a significant percentage of Earn pool investors lost money on their investments,” the agency said in a release. Source
DeFi is poised to create a future where financial services are digital, open, always-on, and borderless, says Bill Barhydt, ceo, Abra. Source
Technically, it is Trump’s sons Eric and Donald Jr., alongside the puzzling designation of 18-year-old Barron Trump as “Chief DeFi Visionary,” who are leading this initiative. Behind the scenes, Chase Herro – a figure with a controversial past and history of dubious ventures – emerges as the project’s real architect. The whitepaper, seen by CoinDesk, shows early iterations copied the code base of Dough Finance, which lost $1.8 million in a flash attack in July. Technical development is believed to be entirely outsourced to third parties, leaving an even higher…
Este artículo también está disponible en español. Decentralized Finance (DeFi) platform Delta Primes suffered a security breach on Monday, affecting the protocol’s users. The attack took $6 million from the project’s pools and is under investigation. However, on-chain investigators suspect it could be linked to North Korean hackers and be part of a larger-scale scheme. Related Reading Hackers Drain $6 Million From DeFi Protocol On Monday morning, cyber security platform Cyvers Alerts informed the community about the ongoing attack on DeFi borrowing protocol Delta Primes. The initial report revealed that…
Decentralized finance lending platform Euler Finance has introduced a new hybrid token called Maxi. Euler Labs, the team behind the decentralized finance lending protocol on Ethereum (ETH), announced the development on Sept. 16. Maxi, as the platform explained in a post on X, is a bespoke lending product designed to offer its users greater capital efficiency. A stablecoin backed with range of assets Maxi is a stablecoin whose key features include a blend of assets and cross-collateralization for both capital efficiency and risk mitigation, Euler Finance posted. In terms of…
Ripio, a leading Argentine exchange, has announced that it has created a Visa-backed decentralized finance (defi) credit card allowing users to put crypto in a liquidity pool as collateral for purchases. The card, currently in the testing phases, will not sell the cryptocurrencies owned automatically but will instead borrow up to 30% of the capital […] Source
While decentralized finance (defi) continues to innovate, it still lacks a critical component that has long been foundational in traditional finance: fixed-income products. I sat down for a great conversation with Jerry Li, co-founder and CEO of Term Structure, who introduced me to the idea of fixed-income products in crypto. Why Fixed-Income Could Be the […] Source CryptoX Portal
Coinmarketcap (CMC) Research and Footprint Analytics have released a thorough report exploring the swift expansion of decentralized finance (defi) on the Bitcoin blockchain. The report delves into Bitcoin’s evolving role, driven by innovations that are redefining its potential within the defi space. Bitcoin’s Defi Ecosystem Grows: $1.07 Billion Locked According to the findings from the […] Original
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. DeFi has too much infrastructure and not enough apps—or at least, that’s what the consensus seems to be in crypto’s town square. Just this year, venture capitalists and private equity investors have poured hundreds of millions of dollars into crypto projects that make infrastructure a priority, if not an exclusive focus. The highlight reel speaks for itself. In the first quarter alone, VC firm a16z committed $100…
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