Decentralized Exchange PancakeSwap Goes Live on Polygon zkEVM Blockchain
This will be the popular DEX’s fourth blockchain after Ethereum, Aptos and BNB Chain.
DeFi
MakerDAO Boosts U.S. Treasury Holdings by $700M to Back DAI Stablecoin With Real-World Assets
The purchase is the latest step to increase the role of real-world assets in the platform’s DAI stablecoin reserve.
DeFi Credit Protocol Concordia Raises $4M in Round Led by Tribe, Kraken Ventures
Concordia, now live in public testnet on Aptos, offers a multi-chain risk and collateral management platform for digital assets.
21Shares Introduces Exchange-Traded Product for Liquid Staking Platform Lido DAO
While the product offers investors single-asset exposure to the liquid staking leader, the Switzerland-based firm classified this product as class 7 risk, the highest level.
Defiant by Default: Why Regulators Must Understand, Not Police, DeFi
Consensus 2023 visitors discussed DeFi’s growth, its need to comply with regulations, and the challenges of balancing crypto-native concepts with traditional finance requirements.
Are DAOs Doomed to ‘Decentralization Theater’?
Consensus 2023 guests highlighted their concerns over ‘decentralization theater’ in DeFi projects, emphasizing the importance of genuine decentralization in the development of the Web3 ecosystem
Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data
Ether and other major cryptos spent much of the day in positive territory.
Crypto Investors Lost $54M to Rugpulls, Scams in May: Blockchain Security Firm De.Fi
May saw fewer exploits than April, suggesting better security practices among crypto users and developers.
Arbitrum Based Jimbos Protocol Scurries for Revival After $7M Exploit
Version 2 of Jimbos protocol was attacked over the weekend for $7.3 million, just days after going live.
Milady NFTs Get Dogecoin Treatment as Prices Retrace Days After Elon Musk Tweet
Top holders of LADYs meme coins are sitting on unrealized profits worth millions of dollars.