Aave Algorithmic Stablecoin GHO Has Realized $2.19 Million in Minted Value in Less Than 24 Hours after Release
According to DeFiLlama, DeFi Protocol Aave officially launched its algorithmic stablecoin, GHO, on the main EtherNet on July 16, and has already minted $2.19 million worth of GHO.The GHO stablecoin is currently available to the public, and anyone can mint GHO using the assets they have offered as collateral on the Aave Protocol V3 EtherNet marketplace to ensure that GHO is over collateralized by multiple assets.
DeFi Hacker's Lawsuit Challenges the "Code is Law" Principle
The recent criminal case against a New York programmer accused of stealing millions of dollars in cryptocurrencies through exploiting vulnerabilities in a DeFi platform raises questions about the widely accepted notion of "Code is Law." This marks the first criminal prosecution related to a decentralized exchange hack, highlighting the increasing attention law enforcement authorities are paying to the DeFi space.
Sui opens New Chapter in DeFi with the Launch of DeepBook
DeepBook is the first native decentralized central limit order book (CLOB) on Sui Network. Built by a community of Sui contributors, DeepBook provides a stable liquidity layer enabling a new generation of DeFi apps.
ChainwirePortals Launches Milky Way Upgrade for Gasless Access to ERC20 Token Swaps in DeFi Space
ChainwirePortals, a leading yield and protocol aggregator for DeFi, has launched Milky Way, a major architecture upgrade that allows for gasless access to any-to-any swaps across a wide range of ERC20 tokens.
GGX Launches TestNet Validator Program for Interchain Infrastructure Protocol
GGX is a protocol that connects different areas of the Web3 technology ecosystem, such as interoperability, programmability, and zero-knowledge verification. Its Hybrid Virtual Machine supports both EVM and WASM, which is important for creating cross-chain applications and DeFi.
ArchiSwap: With the L2 era approaching, can DeFi start a new narrative?
ArchiSwap is a comprehensive DeFi protocol built on zkSync Era, which aims to be a one-stop platform for Swap, lending, and leveraged trading, thereby attracting millions of users to the Layer2 blockchain ecosystem.
Crypto DeFi Startup Peko Protocol Closes $700K Private Fundraising Round Ahead of Mainnet Launch
Peko Protocol, a startup focused on decentralized finance (DeFi), has raised $700,000 in a private fundraising round ahead of its mainnet launch. The round saw investment from 12 angel investors with experience in web2 and web3 industries.
Luxury Watch Used as Collateral for DeFi Loan Facilitated by NFT
A collector of nonfungible tokens (NFTs) shared a story about how a luxury watch was used as collateral for a decentralized finance (DeFi) loan, facilitated by an NFT representing the watch. The borrower sent the watch to an escrow firm, which sent back an NFT representing ownership of the watch.
BLEX Bangkok night was a perfect ending, next stop Singapore!
The "BLEX Bangkok Night" event, hosted by Bangkok DAO and sponsored by BLEX, the decentralized trading platform, wrapped up on July 10th, 2023 at 5 pm Bangkok time at the L7 cafe in Bangkok.
Cega Finance Expands Structured Investments to Arbitrum Layer 2 Network with "L2" Vault Offering High APY and Downside Protection
DeFi derivatives protocol, Cega Finance, has expanded its structured investments product to Arbitrum's Layer 2 network. The company's "L2" vault allows users to stake USDC stablecoin, with ARB and OP tokens used as a basket of underlying assets in the options strategy.
