DeFi | ForkLog - Part 19

ForkLog 27 15.04.2024

Ethereum Lending Protocol Liquidations Surpass $127 Million

In the first two weeks of April, the volume of liquidated positions in Ethereum’s lending markets reached $127.8 million, exceeding monthly figures not seen since at least June 2022, according to The Block. The dramatic events of summer 2022 were driven by investors’ reactions to the collapse of Terra. The publication noted that the surge […]

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ForkLog 31 15.04.2024

Uniswap Labs Increases Swap Fee via Interface

Uniswap Labs has raised the token swap fee using the DEX interface from 0.15% to 0.25%. The changes did not affect trades involving stablecoins and wrapped tokens, reports The Block. Users can avoid fees by using an alternative interface to access Uniswap. On February 23, 2024, a nonprofit organization associated with the DEX published a […]

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ForkLog 17 12.04.2024

Aave Fork on Blast Erroneously Liquidates $26 Million in Positions

The lending protocol Pac Finance, modeled after Aave and based on the L2 solution Blast, encountered unexpected liquidations of user positions amounting to $26 million. Random Aave fork on Blast decreased Liquidation Threshold (LT) instead of Loan to Value (LTV) causing $26M worth of unnecessary liquidations. Fundamental problem with forking code is the lack of […]

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ForkLog 13 11.04.2024

Implications of the SEC’s Confrontation with Uniswap

What will be the outcome of the proceedings? What does the SEC and Uniswap confrontation mean for users? Which other DeFi solutions might attract US authorities’ attention? A potential lawsuit by the SEC against the decentralized exchange Uniswap could set a significant precedent for the cryptocurrency market, though experts consulted by ForkLog express doubts about […]

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ForkLog 19 11.04.2024

MarginFi’s TVL Drops by $160 Million Following Founder’s Departure

Edgar Pavlovsky, the creator of the Solana-based lending platform MarginFi, has announced his departure from the project, triggering a significant outflow of funds from the protocol. I resigned from mrgn today. From working on marginfi, from the research arm, from it all. It’s a world class team — it really is — but I don’t […]

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ForkLog 29 11.04.2024

SEC’s Allegations Against Uniswap Spark DeFi Community Backlash

Uniswap has received a Wells notice from the SEC, potentially leading to a lawsuit. The exchange’s team expressed readiness to fight, deeming the regulator’s arguments weak. The community rallied in support of Uniswap and its founder, Hayden Adams. The largest decentralized exchange, Uniswap, has received a warning from the U.S. Securities and Exchange Commission (SEC) […]

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ForkLog 8 09.04.2024

Trial Begins for Alleged Mango Markets Attacker in the US

On April 9th, a federal court in New York commenced proceedings against Avraham Eisenberg, suspected of orchestrating an attack on the DeFi project Mango Markets in 2022, resulting in the extraction of digital assets worth $116 million. The trial was initially scheduled for December 4, 2023, but was postponed at the defense’s request. Eisenberg was […]

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ForkLog 28 06.04.2024

MakerDAO Founder Warns of Potential DeFi Challenges in the EU

Rune Christensen, the founder of MakerDAO, has indicated that European financial regulators are “highly likely” to interpret DeFi interfaces in a manner that would necessitate a MiCA license. Heard today that there’s a good chance all EU national financial regulators will interpret DeFi frontends to require a MiCA license. This would make DeFi frontends on […]

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ForkLog 11 04.04.2024

CeDeFiAi Announces $10,000 CDFI Token Giveaway

The developers of the crypto asset management platform CeDeFiAi have announced a $10,000 giveaway in CDFI tokens, as reported to ForkLog by the project’s representatives. ?STEALTH LAUNCH GIVEAWAY!? We’re proud to present a massive $10,000 giveaway in $CDFI tokens! ? A total of 100 lucky participants will be chosen randomly. ? ? HOW TO JOIN […]

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ForkLog 23 01.04.2024

Hacker Labels $11 Million Prisma Breach as ‘White Hat’ but Funds Remain Unreturned

The liquid staking platform Prisma Finance has acknowledged the loss of 3257 ETH (approximately $11 million) due to an exploit on March 28. The hacker has engaged in discussions with the team regarding the return of the funds. In collaboration with @PrismaRisk and @wavey0x, we are publishing a comprehensive post-mortem report on yesterday’s event. https://t.co/DljZSs3ssK […]

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ForkLog 26 28.03.2024

Prisma DeFi Protocol Faces $11 Million Exploit

Prisma Finance, a liquid staking platform, has reported a “possible exploit” with potential losses estimated at $11.6 million. We are aware of a possible exploit on Prisma. Core engineering contributors will pause the protocol and investigate. We’ll share an update and a post-mortem. — Prisma Finance (@PrismaFi) March 28, 2024 The team has urged users […]

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ForkLog 22 28.03.2024

Ethena Labs to Airdrop 750 Million ENA Tokens

On April 2, the DeFi protocol Ethena Labs will initiate an airdrop of 750 million ENA governance tokens among participants of the Shard incentive program. The distributed tokens will account for 5% of the total issuance of 15 billion. Users will receive tokens corresponding to the points—“shards”—accumulated during Shard up to April 1. The assets […]

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