Circle debuts Arc testnet with participation by BlackRock, Goldman Sachs, Visa

Circle debuts Arc testnet with participation by BlackRock, Goldman Sachs, Visa

Circle’s new Arc blockchain testnet launches with participation from more than 100 institutions, including BlackRock, Goldman Sachs, Visa and Mastercard. Circle, the world’s second-largest stablecoin issuer, launched the public testnet for Arc, its open layer-1 blockchain network built to bring global financial infrastructure onchain. The rollout, which Circle calls the “Economic Operating System for the…

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Curve Finance warns its DNS has been hijacked again

Curve Finance warns its DNS has been hijacked again

Onchain security firm Blockaid speculates it might be a front end attack, and says not to sign transactions and avoid interactions with Cuve until the issue is resolved. Decentralized finance (DeFi) protocol Curve Finance has warned that a hacker has again hijacked its domain name system (DNS), sending users to a malicious website.   In the…

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# Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment

# Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment

” Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment “ The Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, rather than maintaining a partially backed and semi algorithmic stablecoin. With Frax’s decision, the days of experimentation with algorithmic stablecoins could finally…

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# Mango Markets hacker allegedly feigns Curve short attack to exploit Aave

# Mango Markets hacker allegedly feigns Curve short attack to exploit Aave

” Mango Markets hacker allegedly feigns Curve short attack to exploit Aave “ As described by analysts at Lookonchain on Nov. 22, tokens of decentralized exchange Curve Finance (CRV) appear to have suffered a major short-seller attack. According to Lookonchain, ponzishorter.eth, an address associated with Mango Markets exploiter Avraham Eisenberg, first swapped 40 million USD…

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# What is veTokenomics and how does it work?

# What is veTokenomics and how does it work?

” What is veTokenomics and how does it work? “ All facets of a token’s production and management, including its allocation to various stakeholders, supply, token burn schedules and distribution, are managed through tokenomics analysis. Tokenomics help to determine the potential value of decentralized finance (DeFi) projects. Since the law of supply and demand cannot…

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