Ether Has 1 in 5 Chance of Tapping $5K by End-June, DeFi Options Protocol Lyra Says
Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.
DeFi
Fantom Outperforms CoinDesk 20 Over Past Week as TVL Jumps
FTM has gained 13% in the last week, and total value locked in Fantom briefly hit $200 million.
Sonne Finance Token Drops 60% After $20M Exploit on Optimism
Attackers stole ether, velo and stablecoins before developers mitigated the hack and paused operations. Sonne’s markets on the Base blockchain were not affected.
Bitcoin DeFi Tool Alex Lab Loses $4.3M in Hack, Offers 10% Bounty for Stolen Funds
The ALEX team proposed a 10% bounty on the total stolen funds in exchange for the return of 90% of assets.
DeFi Lender Liquity Unveils New Stablecoin With User-Set Borrowing Rates in White Paper
Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion’s share of protocol revenues back to liquidity providers.
Indian Crypto Exchange CoinDCX’s DeFi Arm Okto to Launch Blockchain and OKTO Token
Indian crypto exchange CoinDCX has expanded what started as the Okto wallet into an Okto ecosystem, which will include launching a blockchain and a token soon, and a points program starting Tuesday, to give global users a single-click mobile experience while traversing the Web3 space, its co-founders Neeraj Khandelwal and Sumit Gupta told CoinDesk in an interview.
Crypto for Advisors: DeFi Yields, the Revival
Crews Enochs, from Index Coop, discusses the revival of DeFi Yields and D.J. Windle answers questions about DeFi investing in Ask an Expert.
The Protocol: EigenLayer’s ‘Intersubjective Forking’ Is Objectively Not Done
Much-hyped restaking project EigenLayer’s 43-page whitepaper about its now-revealed EIGEN token has raised lots of questions. They may not matter initially, because much of the promised functionality won’t be ready when the token launches.
Tokenized real-world assets nears $8 billion in value as demand grows
The total value locked (TVL) in Real-World Assets (RWA) has seen explosive growth over the last year, with the TVL … Continue reading
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Dolomite to launch its Lending Protocol with X Layer
Dolomite, a leading decentralized finance (DeFi) lending and borrowing protocol, announced it would debut on X Layer, OKX’ innovative and … Continue reading
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