DeFi News
Summary TLDR: SushiSwap’s proposal to restructure its DAO and treasury has divided the community, with 66.2% of voters in favor and 33.8% against. The proposal aims…
Summary TLDR: Avraham Eisenberg is accused of draining over $100 million from Mango Markets DEX, facing criminal trial this week. He argues his actions were legal…
Summary TLDR: Ethena Labs increases rewards for users by 50%, leading to a 14% surge in the value of their native token ENA. Users can lock…
Summary TLDR: DeFi aggregator ParaSwap approved a proposal to compensate users affected by a recent contract vulnerability, using treasury funds. White hat operations recovered $3.4 million…
Summary TLDR: Coinbase’s Ethereum layer-2 project Base has surpassed $4 billion in total value locked, overtaking older L2 chains like Arbitrum. Despite not having a native…
Summary TLDR: Pendle Finance, an Ethereum-based yield trading protocol, has seen a 502% surge in 2021, with a total value locked surpassing $4 billion. This growth…
Summary TLDR: The first quarter of 2024 saw a rise in sophisticated security threats in Web3, with $739.7 million stolen. PlayDapp faced a major security breach…
Summary TLDR: DeFi architect Andre Cronje questions the stability of Ethena Protocol’s stablecoin USDe, highlighting potential risks with perpetual contracts and yield-based collateral. He warns of…
Summary TLDR: OpenLeverage, a decentralized exchange, suffered a hack resulting in a loss of $236,000. The platform is pausing operations to investigate and ensure user funds…
Summary TLDR: Hacker behind $11.6 million breach on Prisma Finance demands team to conduct online press conference and address security measures in order to return stolen…