Universe Finance, the first DeFi project to offer this option on Polygon, has officially released its ‘Leveraged Vault’ and ‘Lending Vault’ products. Lending vault is essentially a product that generates reasonably consistent income, while the leveraged vault is built on top of the lending vault and is mainly intended for risk-taking users and investors that can bear temporary losses and are looking for greater yields.
Canadian cryptocurrency service provider Timechain has announced it is joining forces with Fireblocks, an enterprise-grade digital assets platform, to increase its exposure to institutional clients, including major banks, hedge funds, and asset managers.
Content creators are not given their fair share in terms of both payment and ownership/copyright. Here’s a project that can help them out.
The Luna Foundation Guard (LFG), a non-profit organization launched earlier this year to ensure the stability of the Terra USD (UST) stablecoin peg and boost the Terra ecosystem’s growth, has raised $1 billion for a UST reserve fund.
Data privacy has become a serious issue in recent years as consumers grow aware of the malpractices by corporations who collect large chunks of data. According to a 2021 report by KPMG dubbed ‘Corporate Data Responsibility: Bridging the Trust Chasm’, 86% of U.S consumers are concerned about the current state of data privacy. Additionally, 68% are not comfortable with the amount of data being collected by organizations.
On Tuesday, the Binance cryptocurrency exchange announced it is rebranding its flagship products to reflect recent developments in the decentralized finance (DeFi) space and the growing proliferation of metaverse commerce.
NEAR Grants Program is one of the largest in the blockchain industry. The NEAR Foundation cut a piece of the $800 million fund. The InsurAce.io met the criteria to become the latest beneficiary.
The sheer pace of growth in DeFi over the last two years has been staggering. According to DeFiLlama, in January 2020, the total value locked was under $1 billion but had reached $20 billion by January 2021 and hit $200 billion before the year was out. If it continues to grow at the same rate, it will be worth $2 trillion before this time next year.
Key takeaways: Wormhole Network, a DeFi bridge connecting Solana and Ethereum was exploited for more than $300 million The hacker was able to mint 120,000 wETH (worth $313M at press time) by falsifying authentication in Solana’s smart contract code The Wormhole team is offering a $10 million bounty in hopes the attacker returns the stolen…