Defi Giant Aave Rakes in $6M in Revenue as Crypto Market Plunges
The founder of decentralized finance protocol Aave said the platform generated $6 million worth of revenue during Monday’s crypto market sell-off.
DeFi
Kujira Foundation’s Tokens Stung by Its Own Leveraged Positions as Bets Backfire
The developers said the team’s positions were “targeted” and they plan to create an operational DAO to take ownership of the Kujira Treasury and core protocols.
Crypto Lending Firm Morpho Bags $50M in Funding Round Led by Ribbit Capital
The strategic funding round included a16z, Coinbase Ventures, Variant, Pantera and Brevan Howard.
Financial Building-Blocks: Structured Products and Blockchain
From significant cost reductions to enhanced composability, and improved accessibility, Christine Cai, Co-Founder of Cicada Partners, and Alexander Szul, CEO of Rome Blockchain Labs, argue the technology can revolutionize the way structured products are issued, managed and distributed.
Tornado Cash Co-Founder Alexey Pertsev Denied Bail by Dutch Court
Alexey Pertsev, the co-founder and developer behind Tornado Cash, was denied bail by a Dutch court on Friday, according to DLNews.
Exponential.fi Wants to Make It Easier to Invest in DeFi
The platform aims to make it easy to identify opportunities, bridge fiat, assess risk, and invest in crypto all-in-one.
Compound Finance, Celer Site Compromised in Phishing Attack
The website leads to a phishing page that could drain user funds, but the actual protocol remains unaffected.
DeFi Tokens Plunge 10%-20%, Led by Pendle Amid Weak Crypto Price Action This Week
Pendle has recently lost $3 billion of its TVL with the June expiry as a result of diminishing airdrop farming hype and lower yields amid muted crypto activity.
Blast Token Debuts at $3B Value as 17% of Supply Airdropped to Early Adopters
Blast is the second largest layer 2 network with $1.6 billion in TVL.