DeFi | ForkLog - Part 13

ForkLog 31 21.01.2025

Ethereum Foundation Allocates 50,000 ETH for DeFi Participation

The non-profit Ethereum Foundation (EF) has established a multisig wallet on the Safe platform to engage with the DeFi ecosystem. Ethereum Foundation Treasury Update The Ethereum Foundation (@ethereumfndn) has set up a new @safe 3-of-5 multisig wallet. The wallet address is 0x9fC3dc011b461664c835F2527fffb1169b3C213e An op has been initiated to send 50,000 ETH there, but be patient; […]

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ForkLog 67 13.01.2025

Zoomex review: up to 150x leverage and 100 BTC withdrawals without KYC

According to a Messari report, DEX trading volumes rose by 328% in 2024. In line with this trend, more centralised venues such as Binance and OKX are adding Web3 features to their ecosystems. Together with the team behind the hybrid crypto exchange Zoomex, we outline how to combine CeFi and DeFi on a single platform. […]

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ForkLog 55 11.01.2025

Synthetix to phase out Arbitrum in favour of Base

The team behind Synthetix, a DeFi platform for synthetic assets, announced a gradual phase-out of support for perpetual contracts on the Arbitrum L2.

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ForkLog 49 10.01.2025

Avalon Labs, a BTCFi protocol, unveils token and airdrop

Avalon Labs, a project developing Bitcoin-based decentralised finance, has introduced the AVL governance token. Twenty percent of the total supply is allocated to user rewards. Avalon TGE is Coming. The Ticker is $AVL. pic.twitter.com/vEhjufpilb — Avalon Labs ?? (@avalonfinance_) January 9, 2025 According to a blog post, the TGE will take place in early Q1 […]

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ForkLog 64 09.01.2025

Revolut to supply market data to Pyth Network’s DeFi oracles

Pyth Network has struck an agreement with Revolut under which the fintech will supply “quotes and trading data” to the oracle network. Revolut, the digital banking giant serving 45M users across 200 countries, just became a Pyth Network data publisher! Real-time price feeds from a fintech giant = better data for builders, more transparency for […]

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ForkLog 253 05.01.2025

Bear market, consolidation and a renaissance: DeFi in 2024

The past few years have been hard on most decentralised-finance (DeFi) protocols. Many well-known players have significantly cut staff, and some shut down altogether. Early 2024 was uneventful for DeFi. Despite a nascent market recovery and spot ETFs already coming into view, the segment was in no hurry to surge. In January its TVL hovered […]

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ForkLog 45 02.01.2025

Net deposits at DeFi protocol Aave surpass $34bn

Over the past 30 days, net deposits on Aave reached $34.35bn, a new record among lending protocols.

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ForkLog 37 31.12.2024

AI Leads Crypto Market Gains in 2024, Reports CoinGecko

In 2024, the most profitable narrative in the crypto industry was AI, with a return of 2940%. Memecoins and RWA followed with 2185% and 820%, respectively, according to CoinGecko. The most profitable crypto narratives in 2024 are AI, which recorded the highest average price gains of 2,940% YTD, followed by memecoins which saw returns of […]

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ForkLog 42 30.12.2024

Hyperliquid Introduces HYPE Staking

The developers of the decentralized exchange Hyperliquid have announced the launch of a staking mechanism for their native token, HYPE, on the mainnet. Staking is now live on mainnet. Staking is an important milestone for Hyperliquid because it allows the diverse community of HYPE stakers to collectively secure the network. Like other proof of stake […]

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ForkLog 22 30.12.2024

US Tax Authority Faces Lawsuit Over DeFi Broker Regulations

The Blockchain Association, Texas Blockchain Council, and DeFi Education Fund have petitioned the court to prevent the US Internal Revenue Service (IRS) from enforcing information disclosure rules on DeFi companies. 1/ Yesterday, @blockchainassn @fund_defi @texasblockchain_ filed a lawsuit against the IRS challenging yesterday’s finalization of the broker rule. The rule violates the Administrative Procedure Act […]

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ForkLog 62 27.12.2024

EVAA and TON Foundation Introduce Negative Interest Loans in USDT

The lending protocol EVAA Protocol and TON Foundation have launched a DeFi program offering rewards amounting to 100,000 TON (~$570,000), according to a press release. The program comprises two phases: Borrow rewards. Participants can take loans in USDT with negative interest rates, secured by TON, tsTON, and stTON; Supply rewards. As borrowing volumes increase, the […]

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ForkLog 36 24.12.2024

North Korean Cyber Threats Trigger $249 Million Outflow from Hyperliquid

On December 23, the TVL of the Hyperliquid platform decreased by $249 million to $2.08 billion, according to Dune Analytics. This followed activity by North Korean hackers on the platform and speculation about a potential breach. Data: Dune Analytics. The community speculated that the perpetrators might gain control over most validators, similar to the Axie […]

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#DeFi