DeFi News
DeFi Lender ‘Porter Finance’ Shuts Down Bond Issuance Platform Within a Month of Launch
With recession concerns and dipping crypto prices reducing borrowing demand from the decentralised finance ecosystem, DeFi lender Porter Fin...
Solana-Based Protocol ‘Crema Finance’ Exploited for $8.7 Million, Services Suspended
Solana-based liquidity protocol Crema Finance has announced via Twitter that it suffered a US$8.7 million hack and has suspended its service...
Ledger Partners with Alkemi to Enable DeFi Lending to its 1.5 Million Users
Alkemi Network, a crypto lending platform that combines centralised finance (CeFi) with decentralised finance (DeFi), has announced a partne...
Goldman Sachs is Raising $2 Billion to Buy Celsius’ Assets
Investment giant Goldman Sachs is said to be attempting to raise US$2 billion in an effort to buy the assets of distressed crypto lending fi...
DeFi Yield Protocol (DYP) Pumps 107% Amid Coinbase ‘Experimental’ Listing
One of six Ethereum-based altcoins just listed on US crypto exchange Coinbase’s roster of digital assets, DeFi Yield Protocol (DYP), is up...
Uniswap Users Will Soon Be Able to Buy NFTs Directly on its Web App
Uniswap Labs announced on June 21 that it had acquired the NFT marketplace aggregator Genie, and plans to integrate NFTs into its products s...
‘Bancor’ DEX Pauses Impermanent Loss Protection Amid ‘Hostile Market Conditions’
DeFi pioneer protocol Bancor has paused its impermanent loss protection (ILP) function, citing “hostile market conditions”: In a...
ETH Layer 2 Synthetix Surges 100% Amid Curve Finance Collaboration
Australian Ethereum layer-2 scaling solution Synthetix has seen its native token SNX balloon 100 percent after linking up with liquidity pro...
Solana DeFi Protocol Votes to Liquidate Whale’s Account to Protect the Network
The team at Solana-based DeFi protocol, Solend, recently liquidated a whale’s account, ostensibly to mitigate risks posed to the Solan...
‘Inverse Finance’ Exploited Again in $1.2 Million Flash Loan Attack
Inverse Finance, a decentralised lending protocol built on Ethereum, has lost over US$1.2 million in the industry’s latest DeFi h...
Crypto Hedge Fund ‘Three Arrows Capital’ Faces Insolvency Amid Forced Liquidations
The future of Singapore-based crypto venture capital firm Three Arrows Capital (3AC) has been blunted by rumours it faces insolvency after b...
Celsius and the Risk Posed by Staked ETH Losing its Peg
After pausing all withdrawals, swaps and transfers between accounts on June 13, there are now fears the popular staking platform Celsius is ...