These New DeFi Protocols Are Freaking Impressive
Time for DeFi enthusiasts to get inspired by something new. Let's check who is still building these days.
The Best DeFi Yields: Oryen Network, Lido Staked ETH, and Apeswap
Yield farming is a common practice in the DeFi sector that is used to maximize returns. It can be used to earn crypto. A yield farmer can use numerous tactics to maximize output. For instance, they can shift between coins and multiple platforms to maximize their gains. While there are numerous yield-farming platforms, there are those that stand out from the pack. Two good examples are Apeswap and Lido Staked ETH.
DeFi Protocol Perennial Launches with $12M Fundraise
Perennial, a decentralized finance (DeFi)-native derivatives protocol, has gone live with a $12 million seed funding round led by Polychain Capital and Variant. The capital raise happened earlier this year, but the recent collapse of <a href="https://www.coindesk.com/policy/2022/11/09/the-collapse-of-the-ftx-empire/">centralized exchange FTX</a> has put increased focus on risk mitigation, liquidity and DeFi projects.
Safety Best Practices for Crypto Users to Avoid Being a Victim of DeFi Hacks
Hacks are inevitable in DeFi. It is a part of the risk of venturing into the unknown DeFi land.
Uniswap-Based DeFi Protocol Panoptic Raises $4.5 Million
Panoptic, a Uniswap-based decentralized finance protocol for trading perpetual options, raised $4.5 million in a seed funding round.
Brazilian Crypto Industry Gets Regulatory Clarity Amid Global Uncertainty
As the global crypto community is still licking its wounds from the FTX collapse, a liquidity crisis continues to spread around centralized exchanges and <a href="https://cointelegraph.com/defi-101/defi-a-comprehensive-guide-to-decentralized-finance">decentralized finance (DeFi)</a> alike.
Crypto.com App Suspends BEP-20 Deposits with BNB Chain
Crypto.com DeFi wallet has suspended access to BNB Chain deposits. The suspension includes all BEP-20 tokens, including BNB, BUSD, and more.
Over $5M Stolen From Ankr Protocol, Binance Pauses Withdrawals
Another multi-million dollar hack has hit the decentralized finance space. The latest victim is BNB Chain-based DeFi protocol – Ankr. Initial reports suggest that a vulnerability in its code that enabled unlimited minting of tokens was exploited.
Trader Joe Takes its First Step Into the Ethereum Ecosystem
Decentralized finance (DeFi) protocol Trader Joe has announced its very first expansion from Avalanche and onto the Ethereum ecosystem, as part of its plans to access new markets and drive up user activity. The decentralized trading platform announced its “multi-chain” expansion into Ethereum layer-2 scaling solution Arbitrum One on Dec. 1 and follows around a month after it stated its intention to expand to additional markets and ink new partnerships amid falling TVL and user activity in the third quarter. (Cointelegraph)
Some Thoughts on Decentralized Finance
There’s an overallocation of talent in finance and law.
