DeFi News

  • Rollup empowers a new financial system

    Reflect on the development of DeFi over the past five years. After five years of rapid development, the winners of each track are gradually emerging, and the DeFi market has achieved great development. Due to the lack of new stories, most public chains are basically just copying Ethereum’s DeFi graph. Multi-chain DeFi is a new narrative direction. Despite the multi-chain talk and a saturated Ethereum that has gradually increased activity on other chains, whales still have a soft spot for security. The largest protocol on Ethereum, Curve.fi, has more TVL than all…

    2022-05-18 News
  • a16z perspective: comprehensive analysis of the status quo of the nine major sectors of the encryption industry with 42 pictures

    With the rapid development of the crypto market, many investors have entered the market one after another. A16z, the world’s most high-profile venture capital institution, can be said to be one of the first large-scale investors to enter the market. In the traditional investment field, a16z has invested in many well-known companies, such as Facebook, Groupon, Skype, Twitter, Zynga, and many of the invested companies have become giants. In the field of encryption, a16z also has a unique vision. It has invested in many leading projects in the early stages…

    2022-05-18 DeFi News
  • Messari: DeFi still sounded the horn of an “invisible revolution” in the midst of a market downturn

    Summary: While the short-term outlook may seem bleak, DeFi’s early successes suggest it will unleash the long-awaited disruptive power of software in world finance. The “invisible revolution” of DeFi will be characterized by several macro-industry transformations, including socialized operating costs, embedded financial services, and depth of market liquidity. The distributed nature of Crypto will allow users to limit state power, while its real-time verifiability will provide DeFi with the tools it needs to comply with state regulatory policies. Crypto has experienced a historic bull run over the past 24 months. It…

    DeFi News 2022-05-18
  • DeFi protocol FEG was attacked twice in two days, it really can’t hurt

    foreword On May 16, 2022, Beijing time, Known Chuangyu Blockchain Security Lab detected that the multi-chain DeFi protocol FEG was attacked by a flash loan. The attacker stole 144 ETH and 3280 BNB, and lost about 1.3 million US dollars. On May 17, the multi-chain DeFi protocol FEG was attacked again. The attacker stole 291 ETH and 4,343 BNB, and lost about $1.9 million, including $1.3 million in BSC and $600,000 in the Ethereum chain. analyze The protocol has been attacked on both BSC and Ether. The following figures are…

    2022-05-18 DeFi News
  • UST crash triggers supervision, many countries emphasize strengthening supervision of DeFi and encryption

    Since May 10, when the largest algorithmic stablecoin UST was seriously de-anchored and LUNA collapsed and fell into a death spiral, the entire crypto market was driven down, the overall market was unstable, and the chain reaction also attracted the attention of regulators from various countries. As of the press release on May 17, according to incomplete statistics, within 7 days, a number of regulatory agencies, including the United States, Germany, South Korea, Spain, the United Kingdom, the European Union, and the International Securities Regulatory Commission, expressed their desire to…

    DeFi News 2022-05-17
  • 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