DeFi | ForkLog - Part 20

ForkLog 40 25.03.2024

Curio Ecosystem Breached: Hacker Mints 1 Billion CGT Tokens

The DeFi project Curio has fallen victim to an attack, with experts from Cyvers Alerts estimating the damage at $16 million. ?ALERT?@curio_invest has experienced a $16M exploit involving a smart contract based on @MakerDAO within their ecosystem! The exploit appears to stem from a permission access logic vulnerability. The attacker leveraged this vulnerability to mint […]

AI translated

ForkLog 15 25.03.2024

Orderly Network to Launch Points Program Ahead of Token Release

In early April, the infrastructure DeFi protocol Orderly Network will initiate the Merits campaign for point farming, which will be converted into the project’s native token after its launch. This was announced by the platform’s CEO, Yi Zhang, in a conversation with The Block. “We expect the program to include more than ten epochs, each […]

AI translated

ForkLog 22 25.03.2024

Base’s Locked Asset Volume Surpasses $2 Billion

The total value locked (TVL) in the Layer 2 solution Base has reached $2.29 billion, according to L2BEAT. This figure includes the volume of USDC and several other assets issued on the network, totaling $1.27 billion. Data: L2BEAT. Since its launch, it took 203 days for the TVL to reach $1 billion and an additional […]

AI translated

ForkLog 14 22.03.2024

Frax Finance Targets $100 Billion TVL in New Roadmap

DeFi protocol Frax Finance has unveiled the first segment of its roadmap, dubbed Singularity. The plan aims to achieve a total value locked (TVL) of $100 billion in the Fraxtal L2 network by 2026. Frax Singularity Roadmap ? The first part of the long-awaited Frax Singularity Roadmap has just been published. The roadmap aims to […]

AI translated

ForkLog 48 17.03.2024

Mozaic Finance DeFi Protocol Suffers $2 Million Hack

A hacker extracted assets worth approximately $2 million from the vaults of the yield farming protocol Mozaic Finance. The project team has confirmed the incident. MOZAIC SECURITY INCIDENT What Happened• About 12 hours ago, ~$2M in funds from the Mozaic vaults were drained by a malicious actor• This individual was a Mozaic developer who had […]

AI translated

ForkLog 43 15.03.2024

Berachain Team Valued at $1.5 Billion Following Funding Round

Developers of the DeFi-focused L1 blockchain Berachain have raised $69 million in a funding round, valuing the company at $1.5 billion, according to sources cited by Bloomberg. The round was led by Brevan Howard Digital and Framework Ventures. The agency described the deal as a signal of renewed interest from venture investors in the cryptocurrency […]

AI translated

ForkLog 21 13.03.2024

MakerDAO to Embark on Endgame Transformation This Summer

Rune Christensen, the founder of MakerDAO, has unveiled details of the first phase of the Endgame roadmap, dubbed “Launch Season,” set to commence in the summer of 2024. Launch Season is upon us! Endgame focuses MakerDAO towards scalable resilience and sustainable user growth: The goal is 100 billion Dai and beyond Launch Season will bring […]

AI translated

ForkLog 16 06.03.2024

WOOFi DeFi Platform Suffers $8.75 Million Loss in Cyber Attack

The team behind the decentralized exchange WOOFi has reported an exploit of its swap service on the Arbitrum L2 network, resulting in a loss of $8.75 million. Earlier today we identified an exploit of WOOFi Swap on Arbitrum. Within 13 minutes, the threat had been contained and we marked all other WOO contracts as safe. […]

AI translated

ForkLog 21 05.03.2024

Bernstein Analysts Predict a ‘Big Bang’ in the DeFi Sector

Analysts at Bernstein anticipate a rapid recovery in the DeFi sector, driven by the rise of Bitcoin and a significant influx of capital into spot ETFs, reports The Block.

AI translated

ForkLog 43 05.03.2024

‘Every token is already a micro-pool’: ERC-404 as a Frankenstein’s monster in NFT 2.0

Back in 2020, NFT 2.0 projects could be counted on one hand. Today, thanks to Uniswap v3, the NFTfi segment and lending protocols such as Blend and NFTX, the topic gets more airtime—usually without much detail. Web3 entrepreneur Vladimir Menaskop set out to fill the gap. Today I want to examine aspects of ERC-404 that […]

AI translated

ForkLog 141 04.03.2024

Delta‑neutral synthetic dollars: why the USDe stablecoin matters

Disclaimer This article is for information only and does not constitute investment advice. In March 2023 published his essay Dust on Crust, in which BitMEX co-founder Arthur Hayes criticised fiat-backed stablecoins. In their place he proposed the Naka Dollar (Satoshi Nakamoto Dollar), a decentralised “stable coin” governed by algorithms. Hayes envisaged a token pegged to […]

AI translated

ForkLog 23 23.02.2024

Blueberry DeFi Protocol Halts Operations Following Exploit

On February 23, the lending protocol Blueberry froze its platform and halted withdrawals to prevent a hacking attack. UPDATE: The protocol has been paused. Funds currently deposited are no longer exploitable and we will update as we have more information https://t.co/otsa1WZMEj — Blueberry Protocol Foundation ?? (@blueberryFDN) February 23, 2024 Eventually, the situation stabilized and […]

AI translated

#DeFi