Ethereum Watch

Key Takeaways Cardano is launching a storefront for certified, decentralized applications called the Plutus dAppStore. The goal of the dAppStore is to make dApps running on Cardano easier for discovery. IOHK is also launching a formal certification program for third-party dApps on Cardano. Share this article Input Output (IOHK), the development company behind Cardano, has […]

Key Takeaways Kava Labs has created a new Ignition Fund of $185 million to finance new DeFi protocols. Several DeFi projects will be financed to build on top of Kava, the core team announced. Assets under management (AUM) on the Kava network has increased to over $2 billion recently. Share this article Kava Labs has […]

Key Takeaways Avalanche-based decentralized lending protocol Vee Finance has suffered a $35 million exploit. The attacker reportedly stole 8,804 Ethereum and around 214 Bitcoin from the protocol’s trade contract address. To protect users’ funds, Vee Finance has disabled all operating smart contracts on the platform. Share this article DeFi money market protocol Vee Finance had […]

Key Takeaways Cross-chain interoperability project pNetwork has reported that $12.4 million in tokenized Bitcoin has been stolen from its bridge contract. A bug in the bridge allowed a hacker to steal 277 pBTC. pNetwork is one of several cross-chain interoperability projects to suffer an exploit in recent weeks. Share this article pNetwork is the latest […]

Share this article 0xMaki, the co-founder and project lead behind Sushi, is reportedly stepping down from his role in the team.  Advertisements Sushi’s 0xMaki Steps Down  Sushi, the leading DeFi project best known for its permissionless decentralized exchange SushiSwap, is saying goodbye to one of its earliest contributors.   0xMaki, the pseudonymous core contributor and founding […]

Key Takeaways Benoit Coeuré, the head of the BIS’ innovation hub, has called on central banks to act quickly in response to the rise of cryptocurrencies. Coeuré warned that “stablecoins and DeFi will challenge banks’ models.” The BIS is now more actively encouraging CBDC development by central banks. Share this article The head of the […]

Key Takeaways Gary Gensler says that the U.S. Securities and Exchange Commission could begin to regulate DeFi platforms. Though DeFi platforms have little control over user funds, they often have an organized and transparent set of developers. The U.S. SEC has already targeted at least two decentralized projects; one this month and one in 2018. […]

Key Takeaways Polkadot-based DeFi Hub Acala has integrated tools like MetaMask, Truffle and Waffle. The integration gives developers the ability to create the same user experience as on Ethereum. Using MetaMask, Ethereum users will be able to easily switch to the “Acala Market” to access Polkadot. Share this article EVM+ by Acala provides an entry […]

Key Takeaways Nansen’s analysts have observed continued inflows into DeFi pools backed by robust development even after the market crashed in May. 1.2 million smart contracts were deployed on Ethereum in June following the recent crash, the highest in Ethereum’s history. Despite the threat of competitors and MEV, Nansen say that Ethereum is well poised […]

Share this article Decentralized derivatives platform Perpetual Protocol has launched a new ecosystem fund based on token swaps. Advertisements Perpetual Unveils Ecosystem Fund  Perpetual Protocol, a virtual automated market maker for trading on-chain derivatives, has agreed to a partnership with three protocols to boost its ecosystem.  The team took to Twitter Monday to announce that […]