Balancer Depositors Pull Nearly $100M in Crypto After Vulnerability Warning
Ethereum-based DeFi major Balancer learned of a “critical vulnerability” that imperils a slice of the protocol’s user-deposited crypto.
DeFi
Social Platform Friend.tech Gains 100K Users in Days Even in Depths of a Bear Market
The growth correlates with the more than $25 million in revenue generated by the platform since its Aug. 10 launch.
BNB Chain Exploiter Liquidated for $30M on Venus Protocol
This is the second major liquidation in under a week and potentially safeguards bnb prices from crashing suddenly.
The Protocol: Blockchains Keep Launching, From Sei to Shibarium
In this week’s issue, we cover Coinbase’s launch of “Base,” a layer-2 network atop Ethereum, along with the crypto community’s reaction to PayPal’s new stablecoin and the brouhaha over Matter Labs’ use of Polygon-crafted open-source software. The Protocol is CoinDesk’s weekly newsletter devoted to blockchain and crypto technology.
BALD Developer Sends $12M Back to Ethereum After Spectacular Mess Up
The viral token reached an $80 million market capitalization earlier this month before falling 90% – and failing to grow since.
Coinbase Ventures’ Strategic Investment Sends Rocket Pool Token Surging
The investment branch announced today the purchase of an undisclosed amount of Rocket Pool’s native token RPL, which has jumped more than 9% in the past 24 hours.
DeFi Definitely Isn’t Dead
There are no fallen angels in DeFi, just protocols built to follow rules and humans who break them. (Veit Hammer/Unsplash, modified by CoinDesk)
Arbitrum’s Most Popular DEX Goes Live With New Version Offering DOGE Pools at 40%
Version 2 of GMX allows trading of riskier assets at lower fees, with some pools yielding as much as an annualized 47%.
DeFi Died and We Didn’t Even Notice
The behavior of Curve founder Michael Egorov is warning to all, and proof that DeFi isn’t really that different from traditional finance.
After the Curve Attack: What’s Next for DeFi?
The $70 million weekend exploit of major platforms, including Curve, come at a time when developers are discussing changes to the prevailing AMM liquidity model.