Divergence Protocol Reveals Key Details on Highly Anticipated IDO Token Sale

Divergence, a decentralized protocol for options and volatility derivatives, is announcing the upcoming public sale of its native token, DIVER, on SushiSwap’s MISO launchpad. For the past three months, Divergence has seen massive growth in its community. We’ve grown from being a little-known project to one with tens of thousands of social media followers. We… Continue reading Divergence Protocol Reveals Key Details on Highly Anticipated IDO Token Sale

Hats Protocol Raises $3.5 Million for DeFi Incentivized Cybersecurity Network

Security has always been a recurring challenge faced by DeFi protocols. Over tens of exploits, leading to the loss of several millions of dollars, have occurred since the start of 2021 as black hat hackers keep taking advantage of vulnerabilities on these protocols. Hats Token is a solution-based DeFi protocol aiming to address the issue… Continue reading Hats Protocol Raises $3.5 Million for DeFi Incentivized Cybersecurity Network

Hop Protocol Cuts Polygon Withdrawal Times to Minutes

Key Takeaways Hop Protocol has cut MATIC withdrawal times from Polygon to Ethereum from seven days to five minutes. The project has introduced a novel cross-chain automated market maker with liquidity pools consisting of MATIC and hMATIC. Polygon has allocated $400,000 in MATIC for Hop liquidity providers. The Hop Protocol update allows for quick MATIC… Continue reading Hop Protocol Cuts Polygon Withdrawal Times to Minutes

Panther Protocol Partners with Vegaswap AMM Protocol to Promote User Confidentiality

Panther Protocol, a privacy-focused protocol, is now partnering with Vegaswap automated market maker (AMM) protocol to promote user confidentiality. Notably, the Vegaswap user-centered AMM platform provides users with a variety of DeFi and cross-chain applications. With customizable liquidity pools (LP), an intuitive user interface, and dynamic pricing, the platform smoothens the process of earning through tokens.… Continue reading Panther Protocol Partners with Vegaswap AMM Protocol to Promote User Confidentiality

Panther Protocol Partners with Vegaswap AMM Protocol to Promote User Confidentiality

Panther Protocol, a privacy-focused protocol, is now partnering with Vegaswap automated market maker (AMM) protocol to promote user confidentiality. Notably, the Vegaswap user-centered AMM platform provides users with a variety of DeFi and cross-chain applications. With customizable liquidity pools (LP), an intuitive user interface, and dynamic pricing, the platform smoothens the process of earning through tokens.… Continue reading Panther Protocol Partners with Vegaswap AMM Protocol to Promote User Confidentiality

Panther Protocol Partners With Vegaswap

Midtown, Gibraltar, 27th July, 2021, Panther Protocol, the privacy protocol, has partnered with Vegaswap, the automated market maker (AMM) protocol with multichain support. Vegaswap is a user-centred automatic market maker that leverages multichain technology, providing users with a wide range of DeFi and cross-chain applications through its platform. It supports and enables seamless token earnings… Continue reading Panther Protocol Partners With Vegaswap

Unifi Protocol Combines DeFi and Blockchain Staking with Acquisition of Multi-chain Staking Provider

Another promising development for Unifi, as the project announces it has acquired Sesameseed. Unifi Protocol acquires the assets of multi-chain staking provider Unifi Protocol is proud to become the first DeFi platform to create a blended ecosystem of DeFi and blockchain node staking rewards. Existing nodes on six blockchains will join with Unifi’s existing seven-chain… Continue reading Unifi Protocol Combines DeFi and Blockchain Staking with Acquisition of Multi-chain Staking Provider

Orion Protocol Adds Deeper ORN Token Utility By Launching USDo Stablecoin

Orion Protocol, a layer 2 crypto solution for decentralization of liquidity sources, has today announced the introduction of its USDo (U.S. Dollar pegged) stablecoin. The coin is minted by staking ORN token and its purpose is a provision of additional utility to Orion’s native token, ORN. The USDo will be entirely ORN-fueled and will also… Continue reading Orion Protocol Adds Deeper ORN Token Utility By Launching USDo Stablecoin

Rangers Protocol plans testnet launch for mid-July

Describing itself as a provider of “virtual worlds blockchain infrastructure,” the Rangers Protocol will open its testnet to users starting in July. In a Thursday announcement at the Global DeFi Summit, Rangers Protocol co-founder Mary Ma said the project would be aiming for a mid-July launch of its testnet following $3.7 million seed and private… Continue reading Rangers Protocol plans testnet launch for mid-July

Convergence Protocol Set to Integrate Unicorn Investments with DeFi

Unicorn investments have been on the rise as more investors look for exposure in this upcoming investment niche. This market is now valued at over $1 billion and considered a lucrative niche in modern-day finance. To put it simply, unicorn investments have great potential returns for early investors that back successful projects.  Unlike listed companies,… Continue reading Convergence Protocol Set to Integrate Unicorn Investments with DeFi

ADAX: A New DeFi Protocol Built On The Cardano Network

ADAX is an automated market maker that serves users on the Cardano network with the goal of revolutionizing transactions. The project was created to enable traders to transact smoothly on the Cardano network. ADAX stands to become a powerful trading platform with its trustless facilitations of token swaps, broader reorientation, and non-fungible token (NFT) trading.… Continue reading ADAX: A New DeFi Protocol Built On The Cardano Network

Boson Protocol raises $25.8M via public token sale

Boson Protocol, a project that aims to connect physical commerce and smart contracts, has concluded a $25.8 million public token sale ahead of listings on several exchanges, including Bitfinex, Kucoin and Gate.io. With the token sale, Boson has successfully raised $36 million in support of its decentralized commerce platform. The company raised $10 million in… Continue reading Boson Protocol raises $25.8M via public token sale

DYP Protocol Staking dApp Launches on Binance Smart Chain (BSC), LPs to earn Passive Income in ETH, DYP, or BNB

In a milestone move, the DeFi Yield Protocol (DYP) staking dApp is now live on the Binance Smart Chain (BSC), as per an update on Apr 5.  DYP Staking Service on the Binance Smart Chain (BSC) The DYP staking service launch on the low-fee, high throughput BSC platform is a step in the right direction.… Continue reading DYP Protocol Staking dApp Launches on Binance Smart Chain (BSC), LPs to earn Passive Income in ETH, DYP, or BNB

Transaction batching protocol Furucombo suffers $14 million "evil contract" hack

The latest “evil contract” exploit has netted an attacker over $14 million in stolen funds. Furucombo, a tool designed to help users “batch” transactions and interactions with multiple decentralized finance (DeFi) protocols at once, fell victim to the attack at roughly 4:45 pm UTC, which centered on token approvals from users. The attacker’s address currently… Continue reading Transaction batching protocol Furucombo suffers $14 million "evil contract" hack

Orion Protocol: A New Way Forward

The Orion Protocol story starts with a successful DYCO and the evolution of a non-custodial trading platform that helps provide versatility for digital assets. The context? A world where fintech is king, and decentralized finance, along with tokenized assets, are rapidly multiplying an investor’s opportunity for strategic growth. Since its successful start in 2018, where… Continue reading Orion Protocol: A New Way Forward

Ocean Protocol Is Teaming Up With Moonbeam To Bring New Data Economy To Polkadot

Ocean Protocol and Moonbeam Network have today announced their partnership to bring a new data economy to Polkadot. The two companies have finished the first part of the initial integration to successfully deploy Ocean’s contracts to Moonbeam. A complete integration will allow users to publish data, stake on data, and buy data in the Polkadot… Continue reading Ocean Protocol Is Teaming Up With Moonbeam To Bring New Data Economy To Polkadot

COVER Hack: Cover Protocol and Binance Announce Compensation Plan for Hack Victims

Cover Protocol, a Defi insurance protocol was recently exploited by a white hat hacker minting an infinite amount of the COVER protocol token owing to an infinite minting bug. The hacker later sold a portion of the Cover protocol token for 4350 ETH worth $3 million and burnt the rest of the tokens, he also… Continue reading COVER Hack: Cover Protocol and Binance Announce Compensation Plan for Hack Victims

Base Protocol announces Chainlink Live integration on mainnet

Decentralized oracle provider Chainlink seems to be having a ubiquitous influence on the cryptocurrency ecosystem lately. In fact, over the past few weeks, several developers have been integrating the network with their projects at a rapid pace. Base Protocol is the latest to do so after the project, having a new kind of synthetic crypto-asset… Continue reading Base Protocol announces Chainlink Live integration on mainnet

Telecoms protocol from 1975 exploited to target 20 crypto executives

Hackers compromised the Telegram messenger and email accounts of multiple cryptocurrency executives last month by exploiting a vulnerability in a decades old protocol.  The fraudsters are believed to have been trying to intercept two-factor authentication codes of victims in an attack on Israel-based telecommunications provider Partner Communications Company, formerly known as Orange Israel. The attacks… Continue reading Telecoms protocol from 1975 exploited to target 20 crypto executives

Yam plans protocol overhaul despite first successful V3 rebase

Yam, the decentralized finance (DeFi) sector’s original food-themed clone protocol, has successfully completed its first rebase since its V3 relaunch. Yam’s relaunch on September 18 followed the spectacular failure of Yam V2 last month — where a bug in the protocol’s unaudited code rendered governance impossible after only two days by rebasing the token’s supply… Continue reading Yam plans protocol overhaul despite first successful V3 rebase

The Aave protocol beats Maker and Compound to become #1 in DeFi rankings

The statistics for total value locked, or TVL, in decentralized finance are being rocked by Aave (LEND), a lending protocol that has now taken MakerDAO’s mantle as the most popular destination for Ethereum-based assets. According to data from DeFi Pulse, Aave holds $1.44 billion in assets as of press time, slightly edging out Maker’s $1.42… Continue reading The Aave protocol beats Maker and Compound to become #1 in DeFi rankings

Chainlink Rival Band Protocol Surged 65% Overnight — 3 Reasons Why

Band Protocol (BAND), a rival blockchain network to Chainlink (LINK) — which is also at an all-time high — surged by 65%. Within 24 hours, BAND rose from $4.825 to $8, setting a new record high. Three major catalysts appear to have triggered the rally of BAND, namely the DeFi (decentralized finance) boom, Coinbase listing… Continue reading Chainlink Rival Band Protocol Surged 65% Overnight — 3 Reasons Why