Flare and aiPX Launch Decentralized Perpetual Exchange on Blockchain
June 29 (Cointime) - Flare Network and aiPX Finance have partnered to launch a decentralized non-custodial perpetual exchange on the blockchain. Traders can deposit their assets into smart contracts, eliminating the need for a third party to enhance direct trading. The exchange will initially include three liquidity pools, with more developments set to launch in the future.
Cetus Partners with Alchemy Pay to Enhance Fiat-Crypto Landscape
June 27 (Cointime) - Cetus, a decentralized exchange and liquidity protocol, has partnered with Alchemy Pay, a payment gateway provider, to enable users to make credit card payments in exchange for $CETUS and other mainstream coins. Cetus aims to establish a robust liquidity network for traders, liquidity providers, developers, and derivative product offerings.
GMX's Volume on Arbitrum Surges by 162.4% in a Month, Despite Overall Activity Decline, Revenue Continues to Rise
June 23 (Cointime) - GMX, a decentralized exchange (DEX) on the Arbitrum protocol, has seen a significant increase in volume, with a 162.4% surge over the past month. This growth in trading activity has contributed to the rise of Total Value Locked (TVL) on Arbitrum, reaching $2.12 billion.
Wintermute Ventures Invests in Decentralized Exchange Vertex Protocol for Liquidity Provision
June 22 (Cointime) - Wintermute Ventures, the investment arm of a well-known liquidity provider, has made a strategic investment in Vertex Protocol, a decentralized exchange for digital asset trading. The investment amount remains undisclosed, but Wintermute will provide liquidity for Vertex's exchange, and the two companies will collaborate to strengthen their business ties.
Radius Secures $1.7 Million To Develop Trustless Shared Sequencing Layer and MEV-Resistant Decentralized Exchange
June 21 (Cointime) - Radius, a startup that aims to address the issues of centralized sequencing, has raised $1.7 million in pre-seed funding led by Hashed. The company is developing a trustless shared sequencing layer called Practical Verifiable Delay Encryption (PVDE) that encrypts transactions and eliminates the need for trust in sequencers. Radius is also creating a decentralized exchange called 360 that will protect users from front-running bots and sandwich attacks. The company plans to release an early version of its sequencing layer solution in early 2022.
Thena Integrates Orbs' dLIMIT and dTWAP Protocols to Enhance Trading Capabilities
June 20 (Cointime) - Thena, a decentralized exchange (DEX) on the BNB Chain, has announced the integration of Orbs' dLIMIT and dTWAP protocols. This integration will provide Thena users with access to advanced order types and additional functionalities, including limit orders and algorithmic trading strategies.
Osmosis Decentralized Exchange Implements Major Update to Tokenomics Model with 50% Inflation Rate Reduction
June 20 (Cointime) - Osmosis, the largest decentralized exchange in the Cosmos ecosystem, has reduced its inflation rate by 50% through a community governance vote, as part of its OSMO 2.0 tokenomics update. The platform aims to ensure long-term sustainability of the native OSMO tokens by transitioning from its early token distribution phase. The team is also exploring the introduction of a protocol revenue burn mechanism and a fee switch for liquidity pools, which would allow OSMO stakers to directly share in the swap fees generated by activity in Osmosis liquidity pools. Osmosis currently holds over $124 million in crypto assets.
Curve Finance Considers Accepting Wrapped Ether as Collateral for crvUSD Stablecoin
June 20 (Cointime) - Curve Finance, a decentralized exchange, is voting on a proposal to accept Wrapped Ether as collateral for its crvUSD stablecoin. If approved, users can use WETH as collateral and mint crvUSD. The debt ceiling for WETH collateral is set at $200 million. Currently, Curve accepts Wrapped Staked Ether and Staked Frax Ether as collateral for minting its stablecoin. The crvUSD stablecoin is over-collateralized by supported crypto assets and is underpinned by an algorithm called Lending-Liquidating AMM.
ETH Price Blasts Past $1,700 As 30,000 Bitcoin-Ordinals Inspired ‘Ethscriptions’ Launch on Ethereum
June 19 (Cointime) - After a brief surge to $1,769 over the weekend, the price of Ethereum, the largest smart contracts ecosystem, has stabilized on Monday. Investors are now seeking buy signals to confirm higher price swings.
Uniswap's Fourth Version Launch Sparks Controversy over Business Source License
June 16 (Cointime) - Uniswap, a popular decentralized exchange, has launched its fourth version which includes new features and customizability. However, the use of a Business Source License (BSL) for v4 has caused controversy within the open source Ethereum community.
