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The decentralized stablecoin project Ethena (USDe) has generated significant profits by shorting ETH futures and leveraging the rising funding rates over the past two weeks. Just two weeks after launching its mainnet, Ethena, which issues the decentralized stablecoin USDe on Ethereum, has amassed over $4 million for its treasury. This
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Wormhole, a leading cross-chain bridge solution, has announced an airdrop of its native token, W, allocating 6% of the total supply to early supporters. Update as of March 29, 2024: After much anticipation, Wormhole has confirmed that the W token airdrop will take place on April 3 at 06:30
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Uniswap, a leading decentralized exchange, has once again captured the attention of the crypto community with a proposal to share revenue with users staking UNI tokens. The preliminary vote on this proposal concluded this morning, with overwhelming support from the community. As Coin68 previously reported, Uniswap initiated the revenue-sharing proposal
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WOOFi Offers 10% Bug Bounty if Hacker Returns Stolen $8.75 Million WOOFi DEX has recently fallen victim to a cyber attack resulting in a loss of $8.75 million. At 15:49 UTC, one of the WOOFi oracles on Arbitrum was exploited by a contained attack using flash loans,
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The total value locked (TVL) across decentralized finance (DeFi) ecosystems has surpassed the $100 billion mark for the first time in nearly two years, reaching a new peak of $116.7 billion on March 5, 2024, according to data from DeFi Llama. TVL Growth in DeFi Ecosystem This milestone represents
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On the evening of March 6, Bitcoin, the leading cryptocurrency, reached an all-time high (ATH) of $69,000, causing widespread market turbulence, including significant impact on the Solana-based derivatives exchange Jupiter Perps. Several users reported on the project’s Discord that their derivative transactions failed to execute, resulting in the
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Frax Finance, a well-known DeFi project on Ethereum, has officially opened access to its Fraxtal layer-2 mainnet to all users. Previously, the platform only allowed mainnet access to select partner applications such as Safe, Chainlink, Axelar, and LayerZero. In exactly 24 hours from now the official March 6th snapshot will
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Liquid Restaking protocol ether.fi has recently secured an agreement to delegate $600 million worth of ETH to ensure the security of the Omni Network. Partnership Details Omni Network is designed to help Ethereum Rollups scale, communicate, and reduce latency. Both Omni and ether.fi have committed to using EigenLayer’
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In a recent development, Ethena, the project behind the USDe stablecoin, has announced a preliminary proposal to integrate sUSDe into the Aave V3 platform. Proposal Details The proposal, currently in the form of a Temperature Check (a preliminary opinion poll), was posted on the Aave discussion forum on the evening
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The price of Uniswap’s governance token UNI continues its impressive rally as the decentralized exchange (DEX) opens voting on a proposal to share revenue with users staking UNI. Background on the Proposal As reported by Coin68, Uniswap recently proposed a groundbreaking idea in the DeFi space: sharing fees with
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Decentralized derivatives exchange SynFutures has announced the launch of its V3 version on the newly deployed layer-2 network Blast. This news, shared today (March 1), coincides with Blast's mainnet rollout, allowing users to withdraw staked ETH since November last year. Key Updates Alongside the V3 launch, SynFutures unveiled
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After a long wait, Uniswap has finally integrated the Limit Order feature into its decentralized exchange (DEX) interface. Overview of the New Feature With this new integration, Uniswap users can now place Limit Orders, enhancing their trading experience by allowing them to set specific price points at which they want