“Conic Finance, a decentralized finance protocol, announced a loss of 1,700 ether, valued at $3.6 million due to an exploit. The attack highlighted challenges in diversifying exposure and enhancing rewards, and raised questions about security in the rapidly growing DeFi sector.”
Search Results for: Convex Finance
From Fizzling Flames to Soaring Sparks: How Thorchain (RUNE) Dwindles While Convex (CVX) and Sparklo (SPRK) Shine Through in 2023
The crypto market of 2022 was a rollercoaster ride, with most coins witnessing a significant […]
The Controversial Loan Request by Wintermute Trading: A Threat to Yearn’s Decentralization?
“Wintermute Trading faces criticism as they negotiate a loan of 350 YFI tokens from Yearn Finance. Yearn’s supporters challenge the benefit to Yearn from this deal, questioning its alignment with Yearn’s philosophy of decentralized finance. The main issue lies in Wintermute’s intention to borrow Yearn’s governance token, potentially undermining Yearn’s foundation of decentralization.”
Blockchain Revolution: How Friend.tech Makes Huge Strides in Crypto Market in Less Than a Month
“Friend.tech, a Twitter-associated blockchain application recently outperformed several large-scale projects by marking a revenue of $840,889 over a 24-hour cycle. Within 30 days post-launch, its cumulative revenue ascended to $2.95 million. The app tokenizes crypto personalities on Twitter, enabling users to buy and sell ‘shares’ of these individuals.”
Terra Co-founder’s Asset Withdrawal: Impact on Crypto Ecosystem and Investor Caution
Terra co-founder Do Kwon reportedly withdrew $2.15 million worth of digital assets before his bail was approved amid the Terra-LUNA crisis. This development raises questions about court proceedings and highlights the need for increased scrutiny and regulation in the cryptocurrency market.
Stablecoin Reserve’s $20M Move: Boosting Liquidity and Power in Yield Farming Governance
Reserve has invested $20 million into the governance tokens of yield farming applications, aiming to enhance RTokens’ liquidity and increase Reserve’s voting power. The investment could introduce new features such as collateralized loans, wallet products, and tokenizing real-world assets, benefiting the growth and adoption of stablecoins.
Boosting Rewards with Origin Ether: The Future of Yield-Farming in a Crowded DeFi Market
Origin Protocol plans to issue Origin Ether (OETH), an ether derivative enabling holders to earn yields by staking ether on other protocols, stacking rewards on top of native staking yields. OETH offers access to DeFi’s highest yields without typical yield-farming hassles and gas fees. However, the crowded staking derivatives market presents challenges for OETH’s growth.