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“# 6,700 investors lock $10.5M in Oasis Network’s token-drop ” Initial token sale platform CoinList has revealed that more than 6,700 investors participated in Oasis Network’s “ROSE Garden” token drop. The ROSE Garden token drop was designed to ensure an equitable token distribution and attract robust participation from stakers for the launch of the project’s…
“# Yearn Finance absorbs Pickle to boost DeFi rewards ” Decentralized finance protocol Yearn has announced a partnership with Pickle Finance to bolster yield farming incentives, and compensate victims of the recent Pickle exploit that resulted in the loss of almost $20 million in Dai. According to an announcement from Yearn founder Andre Cronje, the…
“# Filecoin storage tops 1 billion GB as tokenized FIL launches for use in DeFi ” Cryptocurrency infrastructure providers Anchorage and Tokensoft are teaming up to wrap FIL, the native token of decentralized file storage network FIlecoin, for use on Ethereum. The firms announced wFIL on Nov. 23, promoting its use in decentralized finance applications…
“# Celsius says it tipped in 25,000 Ether to help launch Ethereum 2.0 ” The highly anticipated launch of Ethereum 2.0, or Eth2, is scheduled to take place next week. Specifically speaking, Eth2’s proof-of-stake blockchain known as “the beacon chain” has been confirmed to run alongside the Ethereum network starting Dec. 1. Although some members…
“# DeFi protocol 1inch set to be the first to expand to the NEAR blockchain ” The Mooniswap decentralized exchange protocol, developed by DEX aggregator 1inch Exchange, will be the first Ethereum (ETH) DeFi protocol to develop on NEAR, a sharded smart contract platform. As part of a collaboration announced on Tuesday, the 1inch team…
“# DeFi’s biggest names contribute to $1.1M investment in dHEDGE’s fund managers ” Some of the biggest names in DeFi, including Framework Ventures and Alameda Research, are backing the expansion of decentralized asset management protocol dHEDGE. The investors and the protocol’s decentralized autonomous organization (DAO) will collectively invest $1.15 million into an initial cohort of…
“# Decentralized insurance protocol Cover holds vote to cover Pickle hack ” In what might be an important step towards the maturation of the decentralized insurance space, a claim was filed yesterday with DeFi insurance protocol Cover following the $19 million Dai hack of Pickle Finance — and so far, the majority of users want…
“# Ethereum 2.0 to boost DeFi but delayed launch may set the network back ” This deposit contract is the first step that would eventually lead to the launch of Ethereum 2.0. If to consider that the launch will go down successfully, Ethereum will ship the Beacon Chain and introduce proof-of-stake to the ecosystem, which…
“# DeFi-ing expectations: Great opportunities in crypto can come at a price ” While 2020 will go down as one of the toughest the world has faced collectively in many years, the success of the decentralized finance sector stands out as a major milestone for the cryptocurrency community. Amid the ongoing COVID-19 pandemic, economies have…
“# $pickle in a pickle as attacker swipes $20 million in “evil jar” exploit ” In yet another attack on a major decentralized finance (DeFi) protocol, farming project Pickle Finance has been exploited today to the tune of $20 million. The attack transpired roughly two hours ago, and ETH-savvy Twitter users were quick to notice…