Tag: DeFi

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Lotus Taps WisdomTree Money Market Fund to Build Yield Floor into DeFi Lending

WisdomTree's WTGXX holds nearly $860M in distributed asset value, mostly on Ethereum.Pre-launch DeFi lending protocol Lotus has announced that WisdomTree's Treasury Money Market Digital...

Flying Tulip Adds Withdrawal Circuit Breaker After DeFi Exploits

Flying Tulip, a decentralized finance (DeFi) platform founded by DeFi developer Andre Cronje, has added a circuit breaker that can delay or queue withdrawals...

Aave leads DeFi bailout push after $292M crypto exploit

Aave and several major crypto firms are coordinating a recovery effort to stabilize decentralized finance (DeFi) markets after a $292 million exploit left the...

Aave Announces ‘DeFi United’ Relief Fund to Restore rsETH Backing After Kelp Exploit

Lido is the first service provider to publicly announce its participation in the relief fund via a governance proposal requesting up to 2,500 stETH....

The market repriced DeFi in just 48 hours

Until last Friday, April 17, lending stablecoins into Aave, widely considered the gold standard of DeFi, paid 2.32% APY. The Federal Reserve's overnight rate...

Bitcoin DeFi pitched in $46 million proposal ask by Cardano team

Input Output, the private engineering company that built and continues to develop the Cardano blockchain, is seeking about half the funding it requested last...

Protecting the people building DeFi infrastructure

Welcome to our institutional newsletter, Crypto Long & Short. This week:Jennifer Rosenthal on the need to protect the people actually building DeFi infrastructure.Alexis Sirkia...

DeFi Platform Volo Hit by $3.5M Vault Attack, Begins Recovery Efforts

Decentralized finance (DeFi) protocol Volo has disclosed a security breach that resulted in the loss of approximately $3.5 million in digital assets, marking the...

DeFi Protocols Launch Joint Escape Hatch for Aave ETH Lenders and Loopers

Fluid's aWETH Redemption Protocol, launched with Lido, Ether.fi, 1inch, 0x and Kyber, has processed $136M out of Aave's frozen WETH pool in 48 hours.The...

Aave could face up to $230m in losses after Kelp DAO bridge exploit triggers DeFi chaos

The Kelp DAO and LayerZero bridge exploit that occurred over the weekend has left lending protocol Aave facing potential losses of up to $230...

North Korea’s crypto heist playbook is expanding and DeFi keeps getting hit

Less than three weeks after North Korea-linked hackers used social engineering to hit crypto trading firm Drift, hackers tied to the nation appear to...

Bitcoin bounces above $76,000 as DeFi suffers $16 billion exodus after major hack

Bitcoin BTC$76,313.18 held above $76,000 on Monday, rebounding from overnight lows as the broader crypto market remained steady despite Iran war risks.The largest cryptocurrency...