DeFi & Ethereum News

2024-04-27 07:41:59 AI-powered DeFi platform secures $10M investment with upcoming DAO

NFA Labs recently partnered with Quantix Capital, receiving a $10 million capital commitment to be used to grow the ecosystem. The latest rally in crypto has not gone by without bad actors intensifying their illicit efforts. The first two months of 2024 witnessed a 15.4% increase in stolen funds, with more than $200 million lost to hacks and rug pulls, while decentralized finance (DeFi) remains the biggest target for culprits.

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https://t.me/DeFi_Ethereum Open / Comment

2024-04-26 10:52:01 Polygon leads in EVM efficiency as DeFi users favor low transaction costs

Layer-1 blockchains are foundational networks supporting various applications directly on their protocol, while Layer-2 blockchains operate atop these foundational layers, enhancing scalability and efficiency. Comparing the usage and efficiency of EVM-compatible L1 and L2 blockchains and side chains helps us better understand the market values and where most of the DeFi activity comes from.

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https://t.me/DeFi_Ethereum Open / Comment

2024-04-25 19:12:02 Paystand acquires Teampay to be DeFi version of ‘Venmo for B2B payments’

Paystand has acquired spend management software startup Teampay to create what the companies describe as a “no-fee B2B digital payment and spend powerhouse.” The combined company services over 1 million businesses running on a commercial blockchain to more than 1 million participants. It processed more than $10 billion in transactions to date, which it touts is nearly 2% of annual U.S. business-to-business payments.

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https://t.me/DeFi_Ethereum Open / Comment

2024-04-25 08:52:01 DeFi Lens builds advanced Generative AI for Technical Analysis

DeFi Lens – an innovative AI platform combining generative AI and Web3 trustworthy proofs to equip traders, especially those using technical analysis (TA) strategies, and crypto enthusiasts with better market signals and insights. DeFi Lens transforms how traders or crypto users search for alphas, exchange signals & data, and analyze trading strategies. The project is incubated by Oraichain Labs.

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https://t.me/DeFi_Ethereum Open / Comment

2024-04-24 21:50:32 Crypto Custody Firm Fireblocks Now Offers DeFi Threat Detection for Institutions

Cryptocurrency custody specialist Fireblocks is helping institutions exploring decentralized finance (DeFi) from interacting with bad actors and falling victim to malicious attacks with new threat detection and smart contract evaluation tools. Fireblocks’ dApp Protection and Transaction Simulation products, which have been in beta testing since December of last year with Galaxy and Flowdesk, are now available to check decentralized applications across over 40 blockchains.

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https://t.me/DeFi_Ethereum Open / Comment

2024-04-24 09:52:01 DeFi Protocol Lido investors withdraw $2.5bn in Ether from staking giant as rivals circle

In a sign that new rivals are gobbling up Ether, Lido’s share of the multibillion-dollar staking market on Ethereum fell to a two-year low this month as deposits plummeted. Since March 1, investors have withdrawn around 800,000 Ether deposited in Lido, which is worth about $2.5 billion, according to DefiLlama data. In the last 30 days, it has lost more Ether than any other staking service. Lido’s share of the staking market has fallen from about 32% in November to just under 29%.

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https://t.me/DeFi_Ethereum Open / Comment

2024-04-23 20:25:31 DeFi whales have millions ‘forgotten’ in bridge contracts: Arkham

Several identified crypto addresses have millions of dollars either “stuck” or “forgotten” about in at least two large bridge contracts, according to blockchain intelligence firm Arkham. “There are dozens of accounts with 6-7 figures stuck in bridge contracts, forgotten about,” said Arkham in an April 22 X post., including wallets connected to Ethereum co-founder Vitalik Buterin, crypto exchange Coinbase, and several DeFi whales.

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https://t.me/DeFi_Ethereum Open / Comment

2024-04-23 09:52:01 Umoja Integrates Portal DeFi Enabling Trustless Swapping of Lower Risk, Higher Yield Assets on Bitcoin

Umoja, the world's first DeFi protocol to structure low-risk, high-yield digital assets, today announced an integration with Portal DeFi, the world's first trust-minimized Layer 2 cross-chain swaps protocol that involves no bridges, custody, or wrapping. The partnership will integrate Bitcoin’s first high yield synthetic dollar, USDb, and the native $UMJA token into the Portal DEX Network, making it one-click, cross-chain tradable with Native BTC, BRC20s, and native assets on various chains.

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https://t.me/DeFi_Ethereum Open / Comment

2024-04-22 20:22:01 L2 volume on Uniswap has officially passed $250B — link

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2024-04-21 20:02:01 Saddle Raises $7.5M to Reduce Slippage in DeFi Trading

Saddle, an open-source automated market maker (AMM) for trading between pegged value crypto assets, has closed a $7.5 million funding round led by Polychain and Electric Capital with participation from Nascent, Project Galaxy and others. The fundraise follows a $4.3 million raise in January. Founded in 2020, San Francisco-based Saddle is a decentralized AMM on the Ethereum blockchain that’s optimized for tokens that have their value pegged to an underlying asset in some way.

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https://t.me/DeFi_Ethereum Open / Comment