Ethereum Watch

Advertisements Lido Finance announced that it is available on Layer-2, and users can bridge their staked Ethereum. Currently, Arbitrum One and Optimism are supported. Lido will also allocate 150,000 LDO tokens in rewards per month across each network. The team wants to encourage the building of liquidity. Lido dominates staking on the Ethereum network, holding […]

Key Takeaways The CFTC has filed a lawsuit against the decentralized autonomous organization behind the Ooki Protocol, Ooki DAO, for allegedly running an illegal derivatives trading platform. The lawsuit marks the first time a government agency has charged governance token holders of a decentralized non-custodial blockchain protocol for allegedly breaking the law. The case could […]

Key Takeaways Wintermute has been hacked for $160 million. The hackers targeted the firm’s DeFi operations. Its centralized activity and over-the-counter services are unaffected. Wintermute founder and CEO Evgeny Gaevoy has said the firm is still solvent and user funds are safe. Share this article URL Copied Advertisements Gaevoy said that the firm would be […]

Key Takeaways Over recent months, DeFi has been captured by a new narrative centered around protocols that generate “real yield.” Instead of incentivizing stakeholders with dilutionary token emissions, real yield protocols pay token holders with revenues generated from fees. As older tactics of sourcing liquidity have caused many DeFi tokens to underperform, projects are now […]

Advertisements Summary: Decentralized finance protocol Aave paused loans for Ether (ETH). Aave’s community voted in favor of the decision in light of Ethereum’s upcoming Proof-of-Stake upgrade. The protocol has recorded higher loan utilization rates leading up to the Merge. Aave’s decision came shortly before Bellatrix, the first of two stages before Ethereum’s final PoS transition, […]

According to data from DefiLlama, the total value locked (TVL) for all decentralized finance (DeFi) protocols housed within different chains stood at $59.18 billion. Impacted by the general decline in the cryptocurrency market, the TVL within the DeFi ecosystem has declined by 65%.   Advertisements Built on the Ethereum network, MakerDAO, with a TVL of $7.94 […]

It has been quite an interesting week for Ethereum’s community as it prepares for a major upgrade. In fact, its impact has started spilling over into Ethereum layer 2 solutions such as Polygon now. The latter’s native cryptocurrency, MATIC, concluded the week on the back of a significant upside on the charts. Advertisements MATIC’s bulls […]

Share this article URL Copied Advertisements Université Paris Dauphine-PSL, the renowned institution of higher education is collaborating with global crypto exchange Phemex. Professor Herve Alexandre will be the one to lead theresearch on DeFi and crypto in an educational space. Launched in 2019, Phemex is a Singapore- based crypto platform that’s quickly risen the ranks […]

Advertisements Ethereum’s futures trading volume has exceeded bitcoin’s. Currently, the ETH volume is at $11 billion and the BTC volume is at $10 billion. Ethereum may be due for many more milestones as the Proof-of-Stake transition edges closer. Ethereum’s futures trading volume has crossed that of bitcoin’s for the first time in about a year, […]

Key Takeaways DeFi has suffered in the crypto slump, but many staple projects are still building. The likes of Aave, MakerDAO, Uniswap, and Lido have all put forward experimental governance proposals or made major announcements in recent months. If DeFi is to reclaim its highs, those building through the bear should emerge stronger than ever. […]