Why DeFi Flash Loan Attacks Will Keep Happening: Chainlink CEO

Sergey Nazarov told Decrypt that hackers will continue to target DeFi protocols unless they reconsider the way they get data.

Yearn Finance announces merger with Cover Protocol

Yearn Finance has been actively integrating with multiple DeFi protocols of late, and Cover Protocol is the latest addition to this chain of partnerships. Yearn Founder, Andre Cronje, announced the The post Yearn Finance announces merger with Cover Protocol appeared first on AMBCrypto.

Yearning for Pickle? Two DeFi Protocols Merge

Pickle Finance was recently hit by an exploit in which $19.7 million in DAI was lost.

Here's why this DeFi trader has a problem with Maker, YFI

One of the most reputed DeFi traders in the business today, the pseudonymous DegenSpartan recently shared his critique on quite a few popular DeFi protocols that have a strong following with independe The post Here's why this DeFi trader has a problem with Maker, YFI appeared first on AMBCrypto.

Bitcoin Recoups Market Cap Share as Ethereum DeFi Cools

As market activity on DeFi protocols slows down, Ethereum is now becoming cheaper to use.

Blockchain Bites: Digital Yuan’s 4M Transactions, Bitcoin’s 33-Month High, Uniswap’s Second Governance Vote

October saw the first time the total value locked in all DeFi protocols closed below the month’s starting value.

Report: Governance remains highly centralized on many DeFi projects

Top holders control vast amounts of supply. A new report jointly developed by DappRadar and Monday Capital analyzes the token distribution and governance proposals seen in major DeFi protocols.

ETH Gobbles Up Larger Share of Genesis Loan Book as Trading Firms Feast on DeFi Summer

Genesis Trading saw the share of bitcoin in its loan portfolio drop – mainly due to demand for liquidity mining on DeFi protocols.

Could DeFi’s Yield Farming Craze Hinder Ethereum 2.0’s Upcoming Launch?

According to a report by ConsenSys, high yields gained from DeFi protocols running on the Ethereum blockchain may be problematic for ETH 2.0 in the long run.

DeFi Protocol Harvest Finance Put Out $100K Bounty After $24M Attack, FARM Token Crashes

Harvest Finance is taking the offensive against an alleged attacker who exploited the DeFi protocols liquidity pools—putting a $100K bounty on the hacker.

Funds locked in DeFi surge $1B as analyst tips post-election bull run

Crypto collateral locked in DeFi protocols has surged to an all-time high over $12 billion. Following a six week cooling-off period for the majority of decentralized finance protocols, the DeFi bulls are back in action as total value locked surges to new record highs. The amount of crypto collateral locked across various DeFi protocols has hit a new all-time high of $12.3 billion according to DeFi Pulse.

Market Wrap: Bitcoin Bounces to $11.8K; Over 10K BTC Locked in Harvest Finance

Bitcoin’s price tested $11,800 Monday as investors continue to put BTC into new DeFi protocols.

How DeFi Can Avoid the Irrelevance of P2P Lending and Crowdfunding

To avoid the fate of other p2p projects, DeFi protocols need incentives and feedback loops so users choose open-source over closed systems.

Bitcoin and Ether now account for 44% of the value locked in DeFi

Despite $4B worth of BTC and ETH being locked in DeFi over the past five months, the two top coins still account for less than half of the sector’s TVL The recent explosive growth of decentralized finance (DeFi) has seen the sector lock nearly $4 billion worth of Bitcoin (BTC) and Ether (ETH) in less than five months. According to DeFi Pulse, the number of Ether locked up in DeFi protocols increased 218.5% since June, growing from 2.7 million ETH to 8.6 million ETH.

DeFi Pulse Launches A Risk Assessment Tool: Aave And Compound Graded As Very Safe

By working together with Gauntlet, DeFi Pulse has released a tool for examining the risks assossiated with DeFi protocols called the Economic Safety Grade.

Crypto Startup Brings 401k-style Automated Investing to DeFi

Compound or Maker? Aave or Uniswap? A new platform, Vesper, spreads investors' money across a range of platforms so they don’t have to keep up with individual DeFi protocols.

Bloq Enters DeFi World With Simplified Staking Product ‘Vesper’

Vesper will pool and stake deposited ether (ETH), wrapped bitcoin (wBTC) or tether (USDT) across DeFi protocols selected on the basis of a user’s risk preference starting mid-November.

MetaMask hits 1M monthly users thanks to DeFi boom

The booming DeFi sector is driving up MetaMask’s user base, with the popular Ethereum wallet report now reporting more than one million active monthly users MetaMask, the Ethereum (ETH) browser wallet developed by ConsenSys, has surpassed one million monthly active users for the first time. The milestone comes roughly seven months after the wallet first surpassed one million users in total, suggesting the parabolic rise of decentralized finance (DeFi) in 2020 has driven the surge in MetaMask’s user base. In an announcement, MetaMask notes top DeFi protocols Uniswap, Yearn Finance, Curve, MakerDAO, and Aave among those favored by its users, highlighting its commitment to supporting the growth of DeFi moving forward: “Over the last twelve months, significant growth in the adoption of DAOs, Web3 games, and the rapid consumer uptake of DeFi products and services has further accelerated our growth curve.” Monthly MetaMask users have tripled since February, while the total value locked in DeFi protocols has increased by ten times over the same period, according to DeFi pulse. Total value locked in DeFi sector over past 12 months: DeFi PulseMetaMask also released a mobile version of its wallet on September 4, likely assisting its push into seven-figure monthly users.

93% of the top 250 coins declined in price in September

The DeFi hype faded in September, dragging prices with it. Over the last few months, DeFi protocols including Yearn.Finance, Compound, Synthetix, and Chainlink have seen their token prices go through the roof, sparking talk that the long-awaited bull market might be here.  The DeFi boom is built on Ethereum and propelled ETH’s price rise from $100 in March to $470 in August. However, the DeFi euphoria has been fading in recent weeks, and there is bearishness in the rest of the market too.

So Now They’re Hacking DeFi Protocols Before They’ve Even Launched?

When the DeFi degens caught wind of a new pre-release Andre Cronje project they piled in, only to get $16 million hacked away in a flash.

Investors Flock to India’s DeFi Scene Months After Central Bank Ban Overturned

DeFi protocols UniLend Finance and PlotX announced Tuesday they had both successfully completed their seed rounds.

Everything you need to know about these DeFi projects with superior returns

DeFi protocols have seen rapid adoption, growth, and an exponential rise in TVL in 2020.

Centralized finance is necessary, especially for DeFi crypto investors

Diversification is key to ensuring you will be able to take advantage of every opportunity without incurring too much risk. If you’re paying attention to developments in the cryptocurrency space, you’ve likely heard of decentralized finance and of the yield farming trend that helped it get over $9 billion worth of crypto assets locked in it. In short, yield farming — also known as liquidity mining — sees users generate rewards with their cryptocurrency holdings by interacting with DeFi protocols that either let them lend or borrow tokens.

DeFi projects rush towards Layer 2 as Ethereum clogs up

Leading DeFi protocols are rushing to implement Layer 2 to ease the burden of high gas fees.

Yield farmers make 500% returns but most can't read smart contracts

A CoinGecko survey has found that the majority of yield farmers do not understand the smart contracts underpinning the DeFi protocols they use. The majority of yield farmers do not understand how to read the potentially risky smart contracts that underpin the decentralized finance (DeFi) ecosystem — but that hasn’t stopped them making huge profits. Crypto market data aggregator CoinGecko has published its findings from a survey of 1,347 of its users about yield farming, finding that 93% of respondents claim to have reaped a financial return of at least 500%. However around half of users are currently farming with less than $1,000, making high gas fees are a significant concern among the community, even though three quarters were still willing to pay more than $10 in fees per transaction.

Over 15% of ETH Supply Locked in Smart Contracts, BTC Dominance Declining

The rapid growth of decentralized finance (defi) protocols is contributing to the increasing proportion of ETH supply that is now locked in smart contracts.