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On February 28, the stablecoin protocol Seneca confirmed an exploit that resulted in a loss of 1,900 ETH (approximately $6 million) across the Ethereum and Arbitrum networks. We are actively working with security specialists to investigate the approval bug found today. In the meantime, REVOKE approvals for the following
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Uniswap has unveiled three new tools aimed at simplifying the process of transferring funds and trading crypto for users: Key Features: 1. Uniswap Wallet Extension: This browser extension simplifies the process of swapping digital assets, signing transactions, and buying and selling crypto online. 2. Limit Orders: This feature allows users
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Binance Labs has announced its investment in Babylon, a protocol designed to support Bitcoin staking and capital reuse on Proof of Stake (PoS) networks. Investment Announcement The announcement was made on Binance Labs' X account on the evening of February 27. We’ve invested in @babylon_chain! Babylon is
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The core team of the prominent DeFi project on Ethereum, Frax Finance, is considering sharing a portion of the protocol's revenue with users who stake veFXS tokens. CEO's Inspiration Sam Kazemian, the founder and CEO of Frax Finance, mentioned that this idea is inspired by last
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Zircuit, a newly launched layer-2 platform, has attracted a staggering $140 million in staked ETH within just 24 hours of its mainnet launch. Alongside staking rewards, users will also earn Zircuit points. A Boom in Restaking and Liquid Restaking The restaking and liquid restaking sectors are drawing significant capital inflows
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Despite being launched less than three months ago, Ethena, the protocol behind the digital dollar USDe, now holds over 5.5% of the global open interest (OI) in Ethereum perpetual futures contracts. Understanding Open Interest (OI) Open interest (OI) measures the total value of all outstanding or "unsettled"
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The streaming token protocol Superfluid has successfully raised $5.1 million in a strategic funding round. Led by Fabric Ventures, this funding round also saw participation from prominent names such as Multicoin Capital, Circle Ventures, Safe Foundation, and The LAO. CEO Francesco George Renzi stated that the round adheres to
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On the early morning of February 23rd, Optimism officially announced the deployment of the Delta upgrade onto the mainnet, aimed at significantly reducing operational costs for OP Chain networks. According to OP Labs' announcement on X platform, the Delta upgrade has successfully reduced fixed costs for OP Chains by
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On the evening of February 23, 2024, Uniswap Foundation made a surprising announcement regarding a new governance proposal aimed at changing the fee mechanism on the DEX platform, sharing revenue with holders of UNI tokens. Governance Proposal and Impact on UNI Token 🔈 New Governance Proposal Posted 🔈 UF Governance Lead @eek637
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On February 21st, 2024, John Morrow, co-founder of Gauntlet, announced the termination of their risk management collaboration with Aave. Gauntlet, specializing in DeFi risk management, has provided oversight of platform risk levels, offered frequent updates to the Aave community, and set borrowing and lending parameters since 2020. Aave DAO, known
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On the evening of February 22nd, a16z crypto, a prominent investment fund in the cryptocurrency industry, announced a $100 million investment in EigenLayer, currently the largest restaking project in the crypto market. EigenLayer revealed that their decision to partner with a16z stemmed from shared interests in research and contributions to
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Following the recent strategic funding round where Ethena Labs raised $14 million from major institutions on February 19, the project has now announced the launch of its community mainnet and the Shard reward program. Ethena Labs Successfully Raises Funds and Launches Mainnet Ethena Labs, the developer behind the USDe stablecoin