Tag: DeFi

DeFi Researcher Questions Injective Protocol’s Appeal: Is INJ Overvalued?

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Thor Hartvigsen, a data-driven decentralized finance (DeFi) researcher, is questioning the appeal of Injective Protocol, a layer-1 platform whose creators say is designed to expressly power finance. As of December 2023, INJ, the native currency of Injective Protocol, is one of the top-performing coins, surpassing Bitcoin (BTC) and Ethereum (ETH). Is Injective Protocol Undervalued Based On On-Chain Metrics? Taking to X on December 14, Hartvigsen highlighted the platform’s relatively low total value locked (TVL) of $11 million and the limited number of protocols launched on the platform, currently standing at seven.…

Ledger Exploit Drained $484K, Upended DeFi; Former Staffer Linked to Malicious Code

Although Ledger has updated its own code, Ido Ben-Natan, the CEO of blockchain security firm Blockaid told CoinDesk in a Telegram message that “many websites are still affected and users are getting hit.” For the risk to be completely mitigated, every protocol using Ledger’s Connect Kit has to manually update their version of the library. In the meantime, several protocols remain at risk, specifically revoke.cash, which is a service that is used to remove permissions from DeFi protocols. Source

Flare and Kinetic partner to expand defi capabilities

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Flare, a blockchain optimized for data, is partnering with Kinetic, a lending and borrowing platform, to bolster the development of decentralized finance (defi) applications on the Flare network. According to an exclusive press release shared with crypto.news, this collaboration aims to introduce lending and borrowing capabilities, deepen liquidity, and help build a robust defi ecosystem on Flare. Under the partnership, Kinetic, backed by Rome Blockchain Labs, will provide a seamless platform…

Cardano (ADA) Price Shoots Over 15% as DeFi TVL Crosses $450M

Cardano’s DeFi total-value-locked crosses a significant $450 million with its native stablecoin Djed contributing a significant portion. Smaller protocols like LendFi and Spectrum Finance recorded an impressive 90% surge in TVL. Cardano’s native cryptocurrency ADA has registered massive gains shooting over 15% soon after the FOMC meeting concluded on Wednesday. As of press time, the Cardano (ADA) price is trading 13.85% up at $0.6495 with a market cap of $22.9 billion. The recent price rally for ADA also comes on the backdrop of solid growth in Cardano’s decentralized finance (DeFi)…

Eclipse Fi aims to usher new era for defi token launches

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. The Cosmos ecosystem has been gaining traction of late, partly due to its community’s decision to slash the inflation rate cap from 20% to 10% but also due to the growing adoption of DYDX, Celestia, and Kuji. Native issuance of USD Coin (USDC) via Noble and CCTP built on a Cosmos SDK chain has benefited the ecosystem. One…

Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

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Coinbase, the biggest crypto exchange in the US, is listing a new altcoin project built on its proprietary Ethereum (ETH) layer-2. In a new announcement made through the Coinbase Assets account on the social media platform X, Coinbase announces they are listing Seamless (SEAM). According to the Seamless website, the crypto project is the first “native, decentralized, non-custodial lending and borrowing protocol” built on the Coinbase-backed layer-2 scaling solution Base. Project incubator Coinbase says Base is designed to offer a safe, low-cost, developer-friendly way to build on-chain. The layer-2 network is…

Q Protocol to Apply International Court of Arbitration Rules to DeFi Disputes in a Sign of Growing Industry Maturity

“The participants in the Q ecosystem (13 projects have signed on to use the services) are parties to the private contract that is the Q Constitution,” Biagosch said. “They have agreed therein that the ICC Court of Arbitration shall, based on the Q Constitution and through its rules of procedure, be the only mechanism to resolve disputes, instead of and alternative to nation-state court systems.” Source