MakerDAO balance sheet now majority crypto-backed loans
MakerDAO, issuer of the DAI stablecoin, has seen a notable shift in the composition of its balance sheet as a result of the combination of macroeconomic events and surging crypto…
Q4 Triumph For Fantom (FTM): Circulating Market Cap Outpaces All Cryptos With 140% Surge
In the fourth quarter of 2023, the cryptocurrency market experienced a notable resurgence, accompanied by the anticipation of a potential Bitcoin ETF approval. Among the standout performers during this period…
Yield Protocol to Cease Operations: Urges Users to Close Positions
Yield Protocol, once a prominent player in the fixed-rate lending market, has issued a critical advisory to its users, signaling the end of an era. The protocol, known for its…
Why MANTA Total Value Locked Surged to $1.7 Billion Despite Airdrop Disappointment
The total value locked (TVL) on the Ethereum layer-two blockchain Manta Pacific has risen to $1.75 billion following a token airdrop. The amount locked makes up almost 8% of the…
DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget
Crypto insurance protocol Nexus Mutual\'s builders have requested $153,500 in NXM tokens to fund the next six months of operations. Most of the funds are earmarked for salaries, with the…
Liquid staking is now live on dYdX chain
The dYdX Foundation has revealed it will launch liquid staking on the dYdX chain today with Stride, the most popular liquid staking provider in the Cosmos Ecosystem. Over the next…
Pendle up 18% following deal with Coinbase-backed protocol
The decentralized platform Pendle Finance sees a surge in liquidity crossing the $500 million threshold on the heels of a deal with Ondo Finance. Pendle Finance’s native token PENDLE is…
Maker generates $14m in revenue, Ethereum’s earnings surge
Maker Protocol tops the list in terms of revenue generated over the past month as Total Value Locked in the protocol witnesses swell. According to data provided by Defi Llama,…
DeFi Project Abracadabra Undergoes $10 Million Attack
As per early reports, the Decentralized Finance (DeFi) project Abracadabra has fallen victim to an attack, leading to an approximately $10 million loss. The on-chain investigation firm Cyvers revealed that…