protocol

[SPONSORED] Velo Protocol powering the world’s premiere Federated Credit Exchange Network

[SPONSORED] Velo Protocol powering the world’s premiere Federated Credit Exchange Network

Imagine a network where partners – stemming from legacy finance, CeFi, and DeFi industries – are all created equal. This network has no central nodes and all data is sent from one node to another via the shortest, most efficient route available. In this network, all participants agree to a set of core conceits – …

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More than 1 billion DAI, the stablecoin of lending protocol Maker, has been created

More than 1 billion DAI, the stablecoin of lending protocol Maker, has been created

The amount of available DAI — the stablecoin tied to the Ethereum-based lending protocol Maker — has surpassed $1 billion, according to available data. DaiStats reports that a total of 1,001,031,052.54 DAI has now been issued. DAI is created when collateral, such as ETH, is locked into a smart contract called a Vault. That DAI …

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DeFi credit default swap platform Opium Protocol raises nearly $3.25 million

DeFi credit default swap platform Opium Protocol raises nearly $3.25 million

Crypto derivatives platform Opium Protocol has raised nearly $3.25 million in a funding round. The fresh cash injection includes participation from Galaxy Digital, Alameda Research, Hashkey Group and CMS Holdings — to name a few. The new funding will help the Amsterdam-based startup introduce further derivatives to the decentralized finance market, which has grown at …

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

DeFi protocol Aave launches new governance framework on mainnet

DeFi lending protocol Aave has launched its new governance framework on the Ethereum mainnet, the Aave team announced on Friday.  Aave Governance was previously run on the Kovan and Ropsten testnets, where users could trial vote on Aave Improvement Proposals (AIPs) that would be used to further develop the token. With the launch on mainnet, …

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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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Ether Futures Activity Grows Ahead of July Protocol Upgrade

Ether Futures Activity Grows Ahead of July Protocol Upgrade

BitMEX announced a new ether quarterly futures product Friday, which they described as “the only one of its kind available in the market.” Settled in bitcoin, the contract trades the ether-dollar pair, and expiry is in June. This coincides with the scheduled ETH 2.0 launch in July, which Ethereum researchers are confident will happen, as …

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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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