Tag: DeFi

1inch DAO Makes DeFi History, Votes To Onboard Legal Counsel

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In a historic move that sets a precedent for decentralized autonomous organizations (DAOs), 1inch DAO, the entity behind the 1inch Network, has voted to secure “legal advisory services” from STORM Partners. Notably, this decision comes amid growing regulatory scrutiny on the crypto and decentralized finance (DeFi) sectors. 1inch DAO Votes To Onboard STORM Partners For Legal Advisory Services Following voting that ended on January 9–overwhelmingly supported by the 1inch community–holders decided to onboard STORM Partners. This marks a significant step forward in the DAO’s efforts to navigate the complex legal landscape and…

What is happening with defi, once the market mover?

Explore defi’s initial promise in revolutionizing finance and its journey through market fluctuations and challenges. Emerging as a byproduct of the blockchain revolution, decentralized finance (defi) initially promised a radical shift in the financial sector. However, its journey has been marked by significant fluctuations and challenges. In 2021, DeFi experienced a surge, aligning with the broader bullish sentiment in the crypto market. Its market cap soared to nearly $180 billion in Nov. 2021, underlining the immense investor interest and confidence in this nascent sector.  This period was characterized by innovative…

Best defi crypto to invest in 2024

Discover the top-rated defi tokens with high liquidity and promising communities. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The decentralized finance (defi) ecosystem is one of the fastest-growing markets with the promise of allowing investors more control over their assets without needing third-party actors.  The defi total value locked (TVL) rallied to a whopping $179 billion in November 2021. However, according to DefiLlama, with the collapse of high-profile crypto companies in 2022, it dropped to a…

DeFi Has a Risk Problem and It’s Time to Solve It

Not only is the risk not diminishing, but the attacks are also becoming more sophisticated. Take the recent KyberSwap hack, for example, which resulted in losses of $54.7 million. At the time, the protocol called the exploit “one of the most sophisticated in the history of DeFi”, requiring a “precise sequence of on-chain actions”. Similarly, the recent Ledger hack, which saw $484,000 drained from wallets, was intricate and multi-layered, allowing the hackers to stealthily siphon assets from the wallets of unsuspecting users. Source

RWA Protocol Ondo Finance Expands Tokenized Treasury Offerings to the Solana (SOL) Network and DeFi Apps

“The Solana DeFi ecosystem has demonstrated great resilience and growth potential, thanks to its innovative scaling and low transaction costs,” Nathan Allman, founder and CEO of Ondo Finance, said in a statement. “Integrating Ondo’s offerings with Solana not only aligns with our strategic growth but also paves the way for novel decentralized finance applications leveraging tokenized US Treasuries, benefiting a wide array of developers and users.” Source

This defi project may reshape crypto, investors circling

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the year comes to a close, investors have been exploring potent projects. Apart from Ethereum (ETH) and XRP, investors have been exploring BorroeFinance (ROE).    BorroeFinance to resolve liquidity problems One of the disadvantages of building in a new industry is skepticism from investors.  Wall Street and traditional financial institutions hardly fund new projects due to the volatile nature of the cryptocurrency industry.  As a result, blockchain developers created…