MNDE tokenomics update: Revisiting Incentives at Marinade
Incentives drive behavior by providing motivation or rewards for specific actions. Incentive alignment then ensures that the interests and goals of different parties are aligned.
dForce Confirms Return of $3.65M Exploited Funds Back to Vaults
dForce, the popular DeFi protocol, recently announced the return of its 3.65 million dollars lost to an exploit. All the exploited funds have been returned to the Arbitrum and Optimism vaults.
ScalingX Launches $20M for Web3 Accelerator and Hackathon
San Francisco — ScalingX, a top Web3 developer community and accelerator, is launching its accelerator with a committed investment of $20 million. The accelerator is designed to support and cultivate the Web3 ecosystem, with a focus on building scalable and secure infrastructure solutions such as zero-knowledge (zK) technology, decentralized finance (DeFi) and metaverse projects.
DeFi 101: Growing Your Portfolio in a Bear Market
Any seasoned crypto veteran will tell you that bear markets are where the real opportunities lie.
A Recap of Defi Hacks in Jan 2023
As far as DeFi hacks go, January 2023 was a pretty calm beginning to the year. A few significant attacks on DeFi protocols did occur, although the majority of the most important hackers targeted specific people.
Arbitrum-Based GMX Surpassed Ethereum Blockchain in Daily Fees Over Weekend
Decentralized finance (DeFi) exchange GMX logged fees of over $5 million in a 24-hour period over the weekend – temporarily making it the largest revenue generator in DeFi, ahead of even the Ethereum blockchain.
DeFi Protocol Clearpool Chooses Polygon Network for Its Institutional Lending Platform
Decentralized finance (DeFi) protocol Clearpool will deploy its institutional credit platform Prime exclusively on the Ethereum scaling tool Polygon network, the protocol told CoinDesk in a statement. “We have been working closely with the Polygon team since we launched the permissionless protocol on Polygon in June,” Rob Alcorn, CEO and co-founder of Clearpool, said in an email. “We have a strong relationship and continue to work together to deliver institutional DeFi products.” Clearpool Prime will act as an institutional-grade capital marketplace, where borrowers can create credit pools, and liquidity providers can invest to earn yield. The platform is set to start operating in the first quarter of this year, CoinDesk reported earlier. (Coindesk)
DEX Trading Activity Picks Up Steam as Markets Spurn Centralization
Decentralized exchange trading activity has begun to pick up steam, with some of the DEX sector’s biggest players booking a notable bump in trading volumes this week. Ethereum-based Uniswap was leading the pack toward the end of the work week in New York, hovering around the 50% mark of total DEX volume, equating to a week-over-week double-digit jump to around $12 billion, data from DeFiLlama shows. Its closest rival, PancakeSwap was holding steady at around 8% via the same market cap metric — up about 20% since the week prior, clocking in around $2.1 billion. The DEX still leads on trader count on Binance’s BNB Chain. (Blockworks)
US Government Partner Mitre Is Hiring a Web3 Economist
Not-for-profit U.S. government partner Mitre is seeking a new economist to help analyze and evaluate the web3 ecosystem, according to a job advertisement posted to LinkedIn.
dForce Drained of $3.6 Million in Attack, Lodged With Law Enforcement
The decentralized finance (DeFi) protocol dForce announced that they have lodged the recent attack with corresponding law enforcement to pursue the case. In the meanwhile, the bounty offer would still be valid if the attacker returned the exploited funds.
