Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance
Arbitrum-based lending platform Lodestar Finance was exploited on Dec. 10, 2022, according to a tweet from the project’s Twitter account on Saturday. Community reports detail that Lodestar lost roughly $6.9 million from the vulnerability.Lodestar Finance Loses $6.9 Million in an Exploit, TVL Drained, LODE Drops by 53%.
DeFi’s New Yield Primitive
Our team created Reliquary as a DeFi-native solution to the problems introduced by current incentive systems.
Grayscale DeFi Fund Now Available to Public Investors
Grayscale first launched the DeFi Fund in July 2021 but restricted its trading to only privately-accredited investors. However, on Dec. 9, it <a href="https://www.globenewswire.com/news-release/2022/12/09/2571058/0/en/Grayscale-DeFi-Fund-Now-Trading-on-OTC-Markets.html?linkId=193018740">announced</a> that U.S.-based accredited investors can publicly buy and sell the DEFG Shares.
US Regulator Seeks Feedback on DeFi’s Impact on Financial Crime: Finance Redefined
The United States regulators want to take a closer look at money laundering and terror financing laws by the Financial Crimes Enforcement Network (FinCEN), as it asked banking sector players for feedback on DeFi’s crime risks.
GammaSwap Officially Launches on the Arbitrum Network
GammaSwap recently released a tweet about officially launching on the Arbitrum network. The integration will help GammaSwap collaborate with Arbitrum to be a part of the upcoming DeFi innovation.
How I’m Saving 95% on Fees With Bridging and You Can Too
Bridging crypto between different smart chains is one of the easiest ways to save on fees. Learn how to bridge between chains quickly and cheaply.
Huobi 2022–2023 Annual Report: Crypto Market Bottom in Early 2023
The Non-fungible token (NFT) bubble seemed to have busted as its number of active users fell by 88.9% and the total market cap declined by 42% from a high of $35 billion to $21 billion.
DeFi TVL Drops, NFT Market Performs Poorly in November: DappRadar
The FTX meltdown may have laid the groundwork for an unprecedented shift in user activity from centralized finance (CeFi) to decentralized finance (DeFi), but the total value locked in the services provided by the latter has taken a serious hit.
DeFiChain’s Much Anticipated ‘Grand Central’ Hard Fork Goes Live
DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. <a href="https://defichain.com/">DeFiChain</a>, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications to everyone, has officially activated the much-anticipated Grand Central hard fork on its network at 01 AM EST on Thursday, December 8th on Block Height 2,479,000. The Grand Central hard fork is one of the biggest and most monumental updates for DeFiChain in 2022. It marks the rollout of four main features:
DeFi, Such As Oryen Network, Maker, and Convex Finance, Allow You To Stay in Control of Your Assets
Decentralization of finance is changing the world order by bringing financial matters into the hands of individuals. As a result, there has been a significant rise in DeFi protocols promoting this major devolution by encouraging the world to decentralize their finance.
