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Defi
Coinbase submits proposal that could earn MakerDAO $24M annually
Coinbase has submitted a proposal that could see MakerDAO (MKR) earn up to $24 million annually if passed.
According to the proposal, MakerDAO will transfer 33% of its $1.6 billion Peg Stability Module (PSM) — roughly $528 million — into a…
Aave votes to pause ETH borrowing following concerns of users trying to maximize ETHPoW airdrops
Aave has voted to suspend Ethereum borrowing ahead of The Merge in a vote that received a 77.87% majority in favor. The governance proposal stated,
“A proposal to pause ETH borrowing in the period leading up to the Ethereum Merge…
Ahead of…
Vitalik Buterin poll reveals community want 5-letter .eth domain name for $100
A Twitter poll by Ethereum cofounder Vitalik Buterin has revealed that around 50% of the crypto community think the fair price for a 5-letter .eth domain name for 100 years is less than $100.
Source: TwitterAccording to responses from the…
DeFi protocol Kyber Network suffers frontend hack, loses $265K
Multi-chain DeFi protocol Kyber Network (KNC) revealed that it suffered an exploit on its frontend on Sept. 1, leading to a loss of $265,000 from two whale wallets.
1/ Notice of Exploit of KyberSwap Frontend:
We identified and neutralized…
Crypto community lambasts dydx’s new facial verification requirement
Decentralized exchange dYdX (DYDX) has discontinued its new $25 deposit promo citing “overwhelming demand,” and denied claims that the DEX now required users’ verification.
Due to extremely overwhelming demand of the $25 deposit bonus…
Babylon Finance to shut down Nov. 15 after failing to recover from Rari/FEI hack
DeFi asset management protocol Babylon Finance will shut down its services on Nov. 15, according to an announcement by its founder Ramon Recuero on Aug. 31.
1/ Babylon Finance is Shutting Down
Despite our efforts, we haven’t been able to…
Compound discovers bug in new update, freezes cETH market
DeFi protocol Compound (COMP) discovered a bug in governance proposal 117 designed to upgrade its price feeds, forcing it to temporarily freeze the Compound ETH (cETH) market.
An hour ago, Proposal 117 was executed, which updated the price…
Celsius sues KeyFi, alleges Jason Stone stole over 1,000 ETH of investor funds for NFTs
Jason Stone of KeyFi filed a lawsuit against Celsius, claiming that Celsius owed KeyFi “millions of dollars,” and now Celsius returned fire by suing KeyFi and Jason Stone for the mismanagement and theft of client funds.
The complaint…
ByBit report claims Solana had strong network growth in Q2 on the back of GameFi, DAOs
According to a 32-page report issued by ByBit, the Solana ecosystem saw strong growth in the second quarter of 2022 due to the strong performance of GameFi and DAOs.
There was an increase in DAO activity, continued volatility in NFT…
Op-ed: Why maximalists are wrong — the future is cross-chain
You would not be surprised in recent history to see such an idea floated around online spaces. Originally, many thought it was Bitcoin; then, it was Ethereum because it offered tangible functionality via its smart contract framework.
The…