DeFi News

  • DeFi becomes a “cash machine” for North Korean hackers

    The latest report from blockchain data analysis agency Chainalysis shows that in 2022, DeFi will become the main target of two major criminal activities, money laundering and hacking. The agency’s data shows that in 2022, $1.7 billion worth of crypto assets will be stolen, 97% of which will come from DeFi protocols, mainly from two shocking thefts: At the end of March, the Ronin cross-chain bridge was attacked, worth 600 million Crypto assets of US dollars were stolen; in February, the cross-chain protocol Wormhole was attacked, and $320 million was…

    DeFi News 2022-05-16
  • What is a liquidity pool? (Part 1) The emergence of liquidity pools and noun analysis

    Decentralized finance is a more democratized version of our current financial system that will mature in a few years, making people more independent and accountable when using their digital currencies. In 2020-2021, several DeFi projects launched in the cryptocurrency universe, and some of these exciting DeFi concepts are collectively powering our DeFi ecosystem. Decentralized Finance or DeFi is a digital revolution that utilizes a decentralized network, operating without any third party custodian or intermediary, to transform our old and near-collapse financial system into trustless and transparent agreement. Some of the core…

    DeFi News 2022-05-13
  • Opinion: The crypto world is reborn on the brink of collapse

    AC believes: Crypto is walking the old path of monetary policy in the early years, repeating the same mistakes, and re-making the mistakes that monetary policy has made before. Dragonslayers may be slowly turning into dragons. Wave after wave of Crypto iterated it into another shape, and we can’t remember why we set out in the first place. Crypto culture kills the Crypto spirit. Indeed, it seems so. Instead of prioritizing core values ​​(decentralization, security, privacy, ownership, innovation), we focus on the stimuli of short-term greed (catch, hype, crowded with frenzy). This situation is rather…

    2022-05-13 News
  • Terra crisis causes UST-related DeFi protocols to drop over 80%

    Terra-related projects lost more than 80% as the crisis spread. Meanwhile, Maker (DAI) got a boost as traders looked for other decentralized stablecoins. The knock-on effects of the collapse of Terra (LUNA) and its stablecoin TerraUSD (UST) on May 11 spread across the cryptocurrency market, with projects in any way connected to the DeFi ecosystem taking a price hit. The forced sell-off of Bitcoin reserves backing some of the UST also sent BTC to $29,000, and analysts feared that DeFi platforms with liquidity pools consisting mostly of UST and LUNA would…

    DeFi News 2022-05-12
  • Inventory: 13 of the biggest DeFi hacks and heists in crypto history

    Decentralized finance (DeFi) refers to blockchain applications that remove middlemen from financial products and services such as loans, savings and swaps. While DeFi brings high rewards, it also brings a lot of risk.  Since almost anyone can start a DeFi protocol and write some smart contracts, flaws in the code are common. In DeFi, there are many unscrupulous actors ready and able to exploit these flaws. When this happens, millions of dollars are stolen, and users often have no recourse . According to a November report by Elliptic, DeFi users lost $10.5 billion to theft in…

    2022-05-12 DeFi News
  • Is the first MetaFi game coming to Ultiverse a clone of Ready Player One?

    In 2018, Steven Allan Spielberg’s film Ready Player One, based on the game OASIS, grossed about $600 million at the box office. Become a must-have movie for crypto gamers to watch. If Ready Player One is a fiction of the future, then Ultiverse, which will launch in Q2 2022, is within reach. Although not yet online, its social platform Discord has 67.9k members and Twitter has attracted 20.7k followers. How did Ultiverse attract the attention of so many GameFi players without the white paper being released? And follow the author…

    2022-05-11 News
  • How decentralized credit ratings are changing the financial system

    Borrowing and lending are two important parts of DeFi, but they have been missing a valid operational credential: a decentralized credit rating. The concepts of lending and borrowing are as old as time itself. When it comes to finances, while some people have achieved financial freedom, many more have barely enough money to live on. As long as this imbalance of financial distribution persists, the desire to borrow and the need to lend will not disappear. When a loan involves the provision of resources on credit, it is established on the condition…

    News 2022-05-09
  • Will there be a “Layer 2” boom this summer?

    In 2020, DeFi’s total value locked (TVL) soared to over $10 billion with protocols like Curve, Compound, and Yearn. In 2021, NFTs have caught the attention of the mainstream media, with projects like CryptoPunks and Bored Ape Yacht Club reaching multi-billion dollar valuations. Based on current trends and forecasts, many believe that summer 2022 will be called “Layer 2 Summer.” Over the past few years, Ethereum has been suffering from transaction congestion. Simple actions like sending tokens or trading on a decentralized exchange can cost upwards of $50 and take hours. As a result,…

    News 2022-05-09
  • Teach you 5 metrics for analyzing P2E games using real examples

    As the DeFi market slumped earlier this year, crypto users and investors flocked to the GameFi market to expand their portfolios. Subsequently, the number of game projects increased from 693 to 1,406, a year-on-year increase of 103%. In many game projects, users often need to filter the projects. A project not only depends on its popularity in the industry, but also needs to evaluate the project’s team background, financing status, economic model, user data, etc. The following will select the top and more popular GameFi projects for daily active users…

    2022-05-06 DeFi News
  • Encryption industry investment and financing report in April: GameFi is the most popular with capital

    Since April, the wealth effect of various sectors of the crypto market has also begun to weaken, and the market has been slightly deserted, but there are still new hot spots in the crypto market, and capital is still entering the market. From the investment and financing situation in April, it can be seen that GameFi and NFT infrastructure, and DeFi applications of the public chain ecology are still hot spots. GameFi has the most financing events, especially sports competitive games, P2E games and guilds are the choices that capital…

  • Data Value Returns User ADAMoracle Creates a Model of “DataFi”

    With the development of blockchain, big data, artificial intelligence and other technologies, the “information Internet era” represented by Web2.0 is also evolving towards Web3.0, the “value Internet era”. In this process, “data” gradually become the core of economic development. Under this trend, treating data as a “resource” is no longer sufficient to meet the needs of the times; in order to promote the flow of data and promote the emergence of an intelligent society, data should be regarded as an “asset”, and its ownership, usage rights, and management rights should…

  • Understanding Decentralized Investment Bank in One Article: Ondo Finance

    The development of DeFi in recent years has made it possible to offer certain financial services to marginal investors almost for free. Rather than relying on intermediaries such as payment agents, transfer agents, and centralized clearing and settlement depositories, investors can rely on code to automate the execution of the terms and conditions of financial agreements. Recently, the DeFi project Ondo Finance has once again gained the attention of investors and users. On April 27, Ondo Finance announced that it has secured a $20 million Series A round led by Founders…

    2022-05-05 DeFi News
  • The dust of DeFi’s “Great Heist” has settled, reviewing the whole process of Ronin’s illicit money transfer

    Today, the Ronin Network hacker transferred 12595.3 Ethereum to the new address (0x08723392ed15743cc38513c4925f5e6be5c17243) at 15:32:25 Beijing time. So far, almost all of the 173,600 ETH stolen from Ronin Network have been transferred out, and only about 1.8 ETH remained in the original attack wallet. In the attack on Ronin Network that occurred at the end of March, the amount of the stolen protocol reached $610 million, surpassing the $600 million of Poly Network last year to become the largest hacking incident in DeFi history. The attackers only transferred and laundered the stolen…

    2022-05-04 DeFi News
  • “X” to Earn The Rise of GameFi

    New challenger! No one will argue that GameFi is one of the latest and hottest crypto trends. According to a 2021 study by Statista, around 3 billion people worldwide play games. That’s about 40% of the world’s population. What exactly attracts people to play games? How can blockchain technology improve this experience? Some people might use games to escape reality, and games in the Metaverse will take this to a whole new level; some people might collect in-game items and show off their achievements, and in-game NFTs make that kind…

  • article on current and emerging NFT pricing methods

    There is definitely a lot of discussion about NFTs and DeFi. Intuitively, the lack of financial primitives around NFTs leaves NFT holders very limited in what they can do with NFTs. This is a relatively complete article on NFT financial primitives. For example, if NFT owners want to free up working capital, they need to sell the NFT or leverage OTC liquidity (if they can). Three key primitives need to be addressed before NFTs are truly universally applied to DeFi: Oracles – the ability to receive asset pricing information Borrowing –…

    2022-05-03
  • The crypto bear market is coming again? But here are three “win-win” models

    May 2nd  , I believe that the entire crypto market is still fresh in the memory of Bitcoin’s roller coaster performance last year. After a year of ups and downs, the cryptocurrency market today seems to be teetering on the brink of a bear market. According to the latest data, the price of BTC fell below $38,000, which once again sparked more and more voices about the “bull and bear” battle. Investors also seem to have lost their way. Should they stay in this market and let go? Fighting should be decisively withdrawn…

    News 2022-05-02
  • Overview of Arbitrum’s hundreds of ecological projects: cross-chain, DeFi, infrastructure, NFT all-round development

    After Optimism officially announced the issuance of coins and generous airdrops, the early participation opportunity of another Layer 2 expansion plan challenger, Arbitrum, has also attracted much attention. This month, Arbitrum also announced the launch of a two-month ecological adoption program, The Arbitrum Odyssey, with Project Galaxy, which will distribute exclusive NFTs to eligible users. This program is expected to further promote and deepen the substantial adoption of the Arbitrum ecosystem. In this article, Foresight News will summarize the noteworthy projects in the Arbitrum ecosystem from categories such as cross-chain…

    2022-04-29 Metaverse & NFT News
  • The total amount of blockchain ecological theft in April was about 280 million US dollars, which is more than 21 typical security incidents

    It’s time for another monthly safety check! According to the security public opinion monitoring data of Chengdu Lian’an[Chain Bing-Blockchain Security Situational Awareness Platform] : In April 2022, the number of various security incidents decreased compared with March. There were more than 21 more typical security incidents in April. The total loss of security incidents in the attack category is approximately US$280 million. DeFi side  A total of “9” typical security incidents occurred No.1   On April 2, the lending platform Inverse Finance suffered a price manipulation attack and lost about $15…

    News 2022-04-29
  • How many “crypto unicorns” will be born in projects that have raised more than 100 million US dollars?

    The encryption field in the past two years can be said to be different from what it used to be. The investment and financing activities of VCs in the field of encryption have become more and more intensive, and more and more investment has flowed into encryption projects. Perhaps the encrypted world has quietly entered the era of capital “controlling the market” from the barbaric era , and we have to start paying close attention to every move of mainstream capital.  … Why pay attention to large financing projects In…

  • Bankless: Ethereum data report and ecological highlights in the first quarter of 22 years

    This article was originally inspired by James Wang’s ” Ethereum Announces Q1 2021 Results “. This release is not published by Ethereum or the Ethereum Foundation. Ethereum, the world’s leading smart contract platform, has announced financial results for the first quarter ended March 31, 2022. key result The data compares Ethereum’s performance in Q1 2021 and Q1 2022. Ethereum protocol ETH network revenue (total revenue) and burning fee (protocol revenue) — Source: Token Terminal Network revenue increased from $1.6 billion to $2.4 billion, an increase of 46%. This measures the…

    2022-04-29 News