DeFi | ForkLog - Part 18

ForkLog 39 02.07.2024

Pendle Protocol’s TVL Plummets 40% Following LRT Airdrops

Since June 27, the total value locked (TVL) in the DeFi protocol Pendle has dropped by 40%—from $6.19 billion to $3.7 billion. This was highlighted by DL News. Data: DeFi Llama. The majority of the withdrawn funds, nearly $3 billion, consisted of liquid restaking tokens, the publication noted. The TVL collapse followed the conclusion of […]

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ForkLog 28 01.07.2024

Analyst Predicts ‘Supercycle’ for DePIN Sector

The DePIN sector is experiencing rapid growth as major companies like Amazon Web Services, Google Cloud, and Cloudflare seek efficient scaling solutions. This was stated by the researcher known as Emperor Osmo. A DePin Supercycle is upon us. We are entering a golden age where Web3 projects significantly enhance the growth of Web2 platforms. I’m […]

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ForkLog 17 26.06.2024

Staking digital gold: how bitcoin miners are reshaping DeFi

In June 2024 the total value locked in DeFi protocols surpassed $100bn. Ethereum remains the leader and largest blockchain by this measure, with roughly a 60% share of the sector. Its dominance stems from the relative ease of building and deploying smart contracts, applications and tokens. Yet some market participants reckon Ethereum’s monopoly could wobble […]

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ForkLog 11 26.06.2024

Cryptocurrency Sectors See Varied Growth Since January

Meme coins, RWA, and AI have led the growth across various sectors of the cryptocurrency market. Since January, the average daily return of the ten largest by market capitalization has been 1834%, 213%, and 72% respectively, according to Biteye. Analysts used CoinGecko data from January 1 to June 21. Data: Biteye. Experts highlighted the popular […]

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ForkLog 10 18.06.2024

Investor Interest Shifts from Cryptocurrency to AI

The redirection of speculative investors’ “hot” money into stocks related to artificial intelligence is harming the cryptocurrency market, according to BIT Mining’s Chief Economist Youwei Yang in a conversation with The Block. In his view, the stock market now perceives every piece of AI news as bullish, and thus “in light of the emerging FOMO, […]

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ForkLog 23 16.05.2024

MakerDAO Unveils Plans for a Fully Decentralised Stablecoin

Rune Christensen, the founder of MakerDAO, announced that in a few years, the project will launch a fully decentralised alternative to the DAI stablecoin, tentatively named PureDai. Reconciling the two opposing paths for Decentralized Stablecoins From the moment Dai started scaling, it has been straddling two worlds. One world is the culture of pure decentralization […]

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ForkLog 55 15.05.2024

Lido Founders Secretly Back EigenLayer Rival

The co-founders of the DeFi platform Lido are covertly financing a competitor to the rapidly popular liquid restaking protocol EigenLayer, according to CoinDesk, citing its own sources. Konstantin Lomashuk and Vasiliy Shapovalov have supported a project named Symbiotic through their venture firm Cyber Fund. Paradigm, a major investor in Lido, also participated in the funding. […]

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ForkLog 40 15.05.2024

Sonne Finance DeFi Project Exploited for $20 Million

The decentralized lending protocol Sonne Finance has fallen victim to an exploit, resulting in damages amounting to approximately $20 million. Post-mortem on the exploit of Sonne Finance markets on Optimismhttps://t.co/gBXDsl8ucA — Sonne Finance (@SonneFinance) May 15, 2024 According to the statement, the perpetrator employed a “known donation attack” on forks of Compound v2, one of […]

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ForkLog 94 02.05.2024

Aave Labs Unveils Roadmap for Fourth Protocol Version

Aave V4 introduces a “unified cross-chain liquidity layer.” The new version will feature automated protocol interest rate calculations. Developers propose expanding RWA based on the GHO stablecoin. Aave V4 is slated for release in mid-2025. Aave Labs, associated with the lending platform Aave, has unveiled a roadmap project for the creation of the fourth version […]

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ForkLog 18 25.04.2024

Renzo’s ezETH Loses Peg to Ethereum Following REZ Tokenomics Disclosure

The ezETH token from Renzo’s liquid restaking protocol has lost its peg to Ethereum. On Uniswap v3, the rate momentarily plummeted nearly 80% against ETH. 15-minute ezETH/ETH chart on Uniswap v3. Data: TradingView. Aggregators did not record such a significant depeg. According to CoinGecko, at its peak, it did not reach even 3%. At the […]

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ForkLog 26 23.04.2024

Mantle and Antalpha Prime Introduce Bitcoin-Based Omnichain Asset

The teams behind Mantle Network and Antalpha Prime are set to launch FBTC, a Bitcoin-pegged omnichain asset designed to unlock the potential of the leading cryptocurrency within the DeFi sector. ? Fan the flames of Bitcoin’s revolution with FBTC.https://t.co/Z9VhAL5DIV — Mantle (@0xMantle) April 23, 2024 According to the announcement, FBTC will be able to move […]

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ForkLog 23 19.04.2024

Jury Finds Mango Markets Attacker Guilty

On April 18, a jury found Avraham Eisenberg guilty in the case concerning the attack on the DeFi project Mango Markets in 2022, which involved the extraction of digital assets worth $116 million. This was reported by Bloomberg. During the two-week trial, the defense argued that the defendant committed no crimes. According to his lawyers, […]

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