Ethereum Watch

Key Takeaways Yield Guild Games is the biggest play-to-earn gaming guild in crypto, with over 87,000 guild members. It’s structured as a DAO that invests in revenue-generating in-game NFT assets. It purchases in-game NFT assets and rents them out to players for a percentage share of the revenue earned from playing crypto games. Share this […]

Key Takeaways AnubisDAO, a newly-launched dog-themed crypto project, has suffered a major attack. 13,556.36 ETH, worth approximately $60 million at the time of the attack, was drained from AnubisDAO’s liquidity pool. Several community members suspect the incident could be a rug pull. Share this article AnubisDAO has suffered from an attack in which an unknown […]

Key Takeaways A hacker has drained over $16 million from index pools on Indexed Finance. The exploit worked by tricking the algorithm governing the pools into calculating the pool’s value much lower than it should have been. Despite two independent security experts reviewing the protocol’s smart contracts, the vulnerabilities were not discovered. Share this article […]

Key Takeaways Abracadabra.Money is a lending protocol that lets users deposit interest-bearing assets to mint a multi-chain stablecoin called Magic Internet Money. Its lending engine allows for leveraged yield farming by unlocking stranded capital to turn what would’ve otherwise been illiquid assets liquid. The fully-collateralized and decentralized stablecoin MIM can be found on all decentralized […]

Key Takeaways Orion Money is a suite of cross-chain DeFi products providing seamless stablecoin saving, lending, and spending. It leverages Anchor Protocol on Terra to provide a high stable yield across multiple stablecoins and blockchains. The ORION token unlocks governance for the protocol and establishes a revenue share mechanism for Orion Money’s users. Share this […]

Key Takeaways Raydium is the biggest decentralized exchange on Solana. It aggregates liquidity from its own liquidity pools and Serum’s orderbook. Raydium is also the biggest market maker on Serum and one of few DeFi exchanges with a built-in limit orders option. In order to help grow the Solana ecosystem, Raydium built AcceleRaytor, a launchpad […]

Key Takeaways Ribbon Finance offers option-based strategies on BTC, ETH, and USDC with some of the highest yields in DeFi. The higher rewards come with higher risk, as users can lose their capital if the market is too volatile. A new version of the protocol is scheduled to be released this month. A liquidity mining […]

Share this article DeFi blue chips, Polkadot tokens, and dog coins have all reacted to the recent Bitcoin dip, falling as much as 11% over the last 24 hours. Advertisements Bitcoin Causes DeFi Pullback When it rains for Bitcoin, it pours for everything else. The world’s largest cryptocurrency fell in price for the fourth day […]

Share this article DeFi adoption is showing no sign of slowing down, as the total number of unique addresses hits 3 million. Advertisements DeFi Continues to See Exponential Growth   According to data from Dune Analytics, the total number of unique addresses interacting with DeFi has passed 3 million. As of Jul. 13, the analytics […]

Key Takeaways Three of DeFi’s leading projects are in dispute after Curve Finance proposed removing CRV rewards from Alchemix’s pool in the protocol. The proposal argues that Alchemix already generates yield from Curve Finance via Yearn Finance’s vaults. Alchemix recently launched its latest alETH product with Saddle, a Curve Finance fork. Share this article Some […]