It’s shaping up to be a big month for Sushiswap. The decentralized automated market maker (AMM) is slated to release its much-anticipated V3 upgrade, codenamed MIRIN, on July 20. A host of new features are expected including limit orders, improved support for multi-token yield farming, MEV protection, and an upgraded user interface. xSUSHI Boost A …
Meowshi Boosts Yields for SUSHI Stakers In Run-up to V3 Read More »
Ethereum gas prices spiked on Sunday as collectors, bots and apes raced to get their hands on newly launched NFT projects. Gas fees, which briefly hit 600 gwei on Sunday due to demand, were reminiscent of a time when triple-digit gas fees were the norm. Gas fees for minting an NFT cost around $160. Yet, …
Sunday Gas Wars: Ethereum Gas Prices Spike After NFT Frenzy Read More »
Refund is a word rarely heard in DeFi. So is redemption. Malt protocol is an algorithmic stablecoin that launched two weeks ago on the Polygon network. After an explosive launch, bugs in the smart contracts caused the MALT stablecoin to lose its peg and left many users unable to withdraw their funds. The protocol was …
Malt Protocol Steps Up and Reimburses $13.4M To Bug Victims Read More »
SharedStake, a decentralized ETH2.0 Staking-as-a-Service protocol, is in disarray after a suspected inside job. In a series of transactions on June 19 and June 23, a ‘rogue developer’ withdrew $500K worth of SGT, the project’s governance token, from the team’s allocation. These tokens were locked in a vesting contract and were meant to be unlocked …
Defying the funk that’s gripped the broader crypto market, Yield Guild Games (YGG) announced today that it will release its YGG token on July 27 on Sushiswap’s MISO launchpad. The move comes as NFTs are increasingly being utilized in gaming. Launched in October 2020, YGG is a decentralized autonomous organization (DAO) that invests in NFTs; …
What Bear Market? YGG Goes Big on Gaming NFTs with Token Launch Read More »
Investors continue to have an appetite for NFT collectibles despite the recent downturn in crypto markets. Wicked Craniums, an Ethereum-based, algorithmically-generated NFT project, launched on June 20 and all 10,762 pieces were sold out within the first 30 minutes. The NFTs were available to mint for 0.06 ETH, bringing the total raised by the project …
It isn’t often that a market player appeals to the morality of its customers to correct a mistake. But that’s what’s unfolding this week as Alchemix Finance made traders an offer to iron out the alETH debacle that unfolded on June 16. Alchemix Finance recently launched alETH, a synthetic yield derivative that lets DeFi users …
Alchemix Asks Users to Return Funds After alETH Bug Read More »
In a month, Iron Finance has gone from being the darling of yield farmers to one of the biggest crashes in DeFi history. The partially collateralized stablecoin project expanded to the Polygon network on May 18 and quickly became the go-to protocol for earning insane yields –– it even received praise from Mark Cuban. The …
A bug was discovered in the Alchemix Finance alETH contract on Wednesday morning, leaving the project undercollateralized by 2,688 ETH, or roughly $6.4M, as users were able to withdraw these funds without repaying their loans first. Alchemix Finance recently launched alETH, a synthetic yield derivative that lets DeFi users borrow 1 alETH for every 4 …
Bug in Alchemix’s New ETH Vault Has Left a $6.4M Shortfall Read More »
Who doesn’t love a money printer? Algo Season 2.0 is here. Last Friday, Malt Protocol launched the latest entry in the algorithmic stablecoin market. This summer, investors have flocked to this corner of the DeFi space to ride out the selloff in the larger crypto universe. Polygon is currently the favored choice of yield farmers …
Malt Leaves Investors Hungover as Algo Stable Depegs on Day 2 Read More »
