One effect of cryptocurrency is that its tenets and technology have provided the foundation for a new type of finance. This is decentralized finance, also known as DeFi. Traditional financial institutions have offered services such as loans, derivatives, and money storage for quite a while now.
What makes DeFi different is that it gives users more control over how they store or handle their assets, thanks to the distributed ledger tech (DLT) and smart contracts that make everyone involved abide by prearranged rules.
The DeFi sector has been on the rise lately and TradeCrypto is regularly reporting about the related developments, so check out our DeFi news today. And to find out more, we’ll point you in the direction of our DeFi Academy and its helpful guides.
🎉🚀 Buckle up, crypto enthusiasts! Curve Finance just launched crvUSD stablecoin, minting $22M+ in minutes! 🤑💰🌕 Get ready for the ride!
🚀 Uniswap on Polygon’s zkEVM? All 191 UNI token holders voted in favor! Get ready for lightning-fast trades and increased market growth 📈
SushiSwap got hit and lost $3.3 million 💸 Only those who used it in the last 4 days are affected. Use Lilley’s tool to check if you’re exposed! 🛡️
💸💰 Euler Finance hack update: Recovered! The hacker returned $177M out of $200M, canceling the $1M bounty. Good news for DeFi! 🙌🚀
🚨 Drama in governance! Arbitrum Foundation’s proposal for control of 750M ARB tokens rejected due to community backlash. Splitting proposal into parts. 🙌
The largest decentralized exchange, Uniswap, is to bring debit and credit card payments to DeFi via the crypto payments provider, Moonpay. Uniswap is making a giant step towards DeFi adoption with an announcement of this partnership: Users can purchase crypto on the Uniswap Web App using a credit card, debit card, or bank transfer. They can convert […]
DeFi platform SushiSwap proposed redirecting all revenues paid to xSushi holders to its Treasury. SushiSwap Head Chef warned of a significant deficit threatening the decentralized exchange. Newly appointed as Head Chef, Jared Grey told the SushiSwap community: Over the past two months as Head Chef, I’ve spent most of my time analyzing the operational and […]
Decentralized finance BNB chain protocol Ankr, suffering from a massive exploit earlier this Friday, decided to compensate the liquidity providers by acquiring $5M worth of BNB. The attack was discovered by PeckShield, an on-chain security analyst, citing it happened due to a bug in Ankr protocol that allowed the hacker to endlessly mint aBNBc tokens. […]
Uniswap Labs announced the launch of an NFT aggregator, which allows trading NFTs from partnering marketplaces within the decentralized exchange. Now live on Uniswap, users can find listed NFTs from OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, Foundation, NFT20, and NFTX. The new feature primarily focuses on those who aim to trade across marketplaces, simultaneously providing […]
Last week, the Ethereum-based decentralized lending protocol Aave was left with $1.6M of bad debt due to a massive CRV sale. Aave, the leading DeFi protocol with over $5B of total value locked, has accepted a proposal by Llama and Chaos Labs, which asked to pause volatile assets due to low liquidity, following the Nov. […]