If all goes to plan, the proposal sees an increase in Alchemix’s CRV and CVX revenue generated by its alAsset trading pools, currently projected around $300,000 a month. This revenue is what will partly fund the new buyback and bribe program. Previously, Alchemix sent half of its “harvest” to its treasury and staked half into Curve and Convex, but now those levels drop to a third. Source
The research arm of cybersecurity software firm Check Point has flagged the Dingo Token (DINGO) as a “potential scam” after reportedly discovering a smart contract function that has been used to manipulate transaction fees. In a Feb. 3 blog post, Check Point Research (CPR) said it looked into the code behind the Dingo Smart Contract, discovering a backdoor function “setTaxFeePercent,” which can change the contract’s buy and sell fee up to 99%. This is despite the project’s whitepaper stating that there is only a 10% fee per transaction. An example of the smart…
“Australia’s token mapping exercise is the first of its kind by a national government, going back to first principles to understand crypto and map it to an existing regulatory framework,” said Angela Ang, senior policy advisor at blockchain intelligence firm TRM Labs and former regulator at the Monetary Authority of Singapore. However, the biggest question was how Australia would tackle Decentralized Finance (DeFi), Ang added. Source
The smart contract token economy rose 5.6% against the U.S. dollar on Thursday, reaching $332 billion. Additionally, the value locked in decentralized finance (defi) increased to nearly $50 billion, a record high not seen since the collapse of FTX. Smart Contract Economy and Defi TVL Bounces Back On Thursday, Feb. 2, 2023, the top smart contract platform coin economy increased to $332.86 billion, a rise of 5.6% in the last 24 hours. Currently, roughly $20.44 billion in global trading volume is paired with smart contract tokens. Of the top ten…
The Synapse (SYN) token is trading at a five-month high of $1.22 following a 44.74% move to the upside over the past 24-hours. Source
“One of the big narratives of 2023 looks to be Layer 2’s and the only way to get direct exposure to them right now is through the OP token,” Conor Ryder, research analyst at Paris-based crypto data provider Kaiko, said. “TVL on Optimism has also outpaced Arbitrum, its closest competitor, to start the year.” Source
press release Press Release. LONDON, ENGLAND – February 2nd, 2023 – Neon Link, a blockchain gaming company building a technologically robust and scalable environment, announced its opening of the presale of the $NEON token, taking place on the 15th February at 5PM UTC, which is set to fuel the next generation of games that sit on top of the project’s own cross-chain network. The $NEON pre-sale is only one side of the coin distribution – soon after that, the Neon Link public sales will follow. The earliest adopters to join…
An Ethereum (ETH)-based decentralized exchange (DEX) token has shot up 50% in just a few days after the project released a new annual report. The dYdX (DYDX) Foundation released its “inaugural ecosystem annual report” on Monday, which outlined the decentralized finance (DeFi) DEX’s development in 2022. “Despite the challenging market conditions in 2022, stakeholders in the dYdX ecosystem persevered and continued to build toward the future of finance — one block at a time. In 2022, DeFi proved its resilience and demonstrated clear advantages over CeFi [centralized finance]. Market activity…
AllianceBlock has paused all activity on its bridge following the attack, which occurred Wednesday afternoon. During the exploit, a Polygon wallet accessed 112 million ALBT tokens, bridging them from the Polygon blockchain to the Ethereum blockchain. The hacker also got 500,000 USDC from dumping Bonq Euro (BEUR) tokens. Source
LBRY blockchain’s native token LBC is giving back its gains as traders begin to digest the reality of a court hearing. Source