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Curve fork Swerve crosses $380M in total value locked within 12 hours of launch

Curve fork Swerve crosses $380M in total value locked within 12 hours of launch

Swerve, a new and unaudited decentralized finance protocol, has accumulated $380M in asset deposits within 12 hours of its launch. Swerve is a fork of Curve, the popular stablecoin-to-stablecoin decentralized exchange. The protocol aims to be “100% community owned and governed,” meaning that from day one, the protocol will allow users to begin generating SWRV …

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Curve becomes third DeFi protocol to hit $1 billion in total value locked

Curve becomes third DeFi protocol to hit $1 billion in total value locked

Curve, a decentralized exchange (DEX) for trading stablecoins, has become the third decentralized finance (DeFi) protocol to hit $1 billion in total value locked. This milestone follows just one day after non-custodial lending and borrowing protocol Aave hit the $1 billion mark on Saturday. Earlier this week, Curve was forced to launch its governance platform …

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Aave becomes second DeFi protocol to hit $1 billion in total value locked

Aave becomes second DeFi protocol to hit $1 billion in total value locked

Aave, a non-custodial lending and borrowing protocol, has become the second decentralized finance (DeFi) protocol to hit $1 billion in total value locked. The milestone means Aave users have deposited $1 billion worth of assets into the protocol for lending and borrowing purposes. Aave recently announced version two of its protocol, preparing a suite of …

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Compound overtakes MakerDAO in value locked

Compound overtakes MakerDAO in value locked

Compound has overtaken MakerDAO, Saturday, June 20, to become the largest decentralized finance protocol by total value locked according to data from DeFi Pulse. There is approximately $500M in cryptocurrency locked on Compound compared to $486M on MakerDAO. Compound began distributing its native governance token, COMP, on June 15, to token borrowers and suppliers on …

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Ethereum locked in DeFi spikes; Total Value Locked nears $1.5 Bn

Ethereum locked in DeFi spikes; Total Value Locked nears $1.5 Bn

The DeFi space has fairly recovered following the cryptocurrency market meltdown three months back and has gained major momentum as it recently surpassed the crucial $1 billion total value locked. In the latest development for the DeFi ecosystem, the total value [USD] locked climbed to a fresh all-time high as it stood at $1.48 billion …

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Bitcoin locked in DeFi marks another ATH despite a volatile market

Bitcoin locked in DeFi marks another ATH despite a volatile market

The Decentralized Finance [DeFi] had kickstarted the year 2020 noting tremendous growth. Despite restricted growth, Bitcoin locked in DeFi reached an all-time high of 2.026 k, according to data provided by DeFiPulse. Source: DeFiPulse BTC locked in DeFi started gaining momentum in February during which it escalated from 1.50k BTC to a value above 1.70k …

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Multicoin Capital-backed DeFi protocol dForce loses ~$25M total locked value in an exploit

Multicoin Capital-backed DeFi protocol dForce loses ~$25M total locked value in an exploit

dForce, a Multicoin Capital-backed Chinese decentralized finance (DeFi) protocol, has been exploited.  The total value locked in the dForce ecosystem was down by 100% to $6 over the past 24 hours, per DeFi Pulse data. A day ago, the total value locked in the system was $24.9 million. The Lendf.Me website, a lending platform within …

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