DisruptDEX: Boosting DeFi’s Efficiency and Experience using zkSync

Decentralized finance (DeFi), which intends to offer various monetary services, including lending, trading, and insurance through smart contracts and distributed networks, is a prominent issue in the blockchain industry.

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Tezos Adds Support for Private Transactions and DeFi Contracts

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Another day, another hack: $2m in DAI drained from Ethereum DeFi app Akropolis

With billions of dollars on the line, it is no surprise that the decentralized finance (DeFi) space has been rife with hacks and exploits on innocent contracts. The post Another day, another hack: $2m in DAI drained from Ethereum DeFi app Akropolis appeared first on CryptoSlate.

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Breaking: Akropolis Reportedly Hacked for $2M in DAI Stablecoins

Decentralized finance (DeFi) protocol Akropolis has reportedly been hacked, with the attacker making off with $2 million in DAI tokens. Details of the Akropolis Hack Tweeting on Nov. 12, the project revealed: “We recently identified a hack executed across a body of smart contracts in the ‘savings pools’ that have been audited twice.

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Crypto Is Revolutionizing the Financial System Through the DeFi Sector

You have most certainly heard of it! Decentralized finance, commonly referred to as DeFi, is an emerging sector in the blockchain space that is promising to disrupt the financial sector. The term DeFi refers to financial protocols, tools, products and platforms using smart contracts as alternatives to the traditional financial infrastructure. DeFi apps are transparent […]

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UMA Protocol Introduces Developer Mining

UMA – the decentralized financial contracts protocol – has introduced a new incentive program called Developer Mining. 1/ Inspired by […] The post UMA Protocol Introduces Developer Mining appeared first on DeFi Rate.

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OpenZeppelin Launches Defender Developer Suite Allowing DApp Building In ‘Minutes’

OpenZeppelin announced the launch of Defender, a developer suite aiming to help developers build smart contracts in “minutes,” on Tuesday. The suite aims to enhance and automate the development and the building of decentralized finance (DeFi) applications on Ethereum.

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The Bizarre World of Tron DeFi

Tron’s price rose to a peak of about $0. 40 at its height in Q3 2020, but the really impressive growth has been in DeFi. The use of smart contracts on Tron has led to hundreds of decentralized apps (DApps).

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Here’s why DeFi and decentralized exchanges could grow even more

Decentralized finance (DeFi) has seen parabolic growth since the start of 2020, with the total value locked in these contracts, largely based on Ethereum, rising from $1 billion to $12 billion now.

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Half of Ethereum’s circulating supply has been still for a year

Ethereum has seen great network activity over the past several months, mostly due to the DeFi sector, as well as other coins and projects, smart contracts, dApps, and more. However, when it comes to its own circulating supply, more than half of it has not moved for over a year, according to recent reports.

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DAI Comes to the Bitcoin Defi Ecosystem via RSK Integration

In a major breakthrough for the decentralized finance (DeFi) space, one of the most popular stable coins, DAI, has been made available for use on the applications in the RSK ecosystem, Bitcoin’s smart contracts platform.

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2020 Q3 Review - Decentralized Finance explodes

The on-chain effects for the boon in DeFi-related activities have been enormous, with a nearly 3x increase in the amount of Ethereum sent to DeFi contracts, and ETH transaction fees reaching stratospheric heights.

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Band v. Chainlink - Why are DeFi projects reversing their position?

Band and Chainlink are both building infrastructure that enables interoperability of smart contracts, and while these are two leading oracle projects in their own right, the rivalry and drama between The post Band v.

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YFI Founder Andre Cronje ‘Still Building’ the DeFi Project that Got Hacked for $16 Million

Amidst the craze and shift toward non-fungible tokens (NFT), DeFi sweetheart yEarn’s founder Andre Cronje’s latest project saw rug pulled on $16 million. The project was Eminence Finance (EMN), an unreleased and unfinished gaming multiverse project whose smart contracts were deployed last night but without any announcement.

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‘DeFi Firewall’ Focuses Attention on Pampering Institutional Traders

Custody provider Trustology has announced the launch of a new firewall that permits institutional DeFi market participants to use smart contracts across protocols without any increase in latency or loss of ease and security.

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Survey shows 40% of DeFi traders can’t understand smart contracts

There’s a high chance that most yield farmers and DeFi traders may not have the technical prowess to read and independently audit the underlying smart contracts of such platforms, according to the results of a survey held by CoinGecko.

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Survey: Large Number of Yield Farmers Can’t Read Smart Contracts Despite High Risk

A new Coingecko survey has found that a large number of yield farmers do not know how to read smart contracts despite claiming they understand the risks that come with such investments. According to the survey, which polled 1,347 people, around 40% of decentralized finance (defi) users cannot comprehend the smart contracts they use for […] The post Survey: Large Number of Yield Farmers Can’t Read Smart Contracts Despite High Risk appeared first on Bitcoin News.

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Survey Suggest 40% of Yield Farmers Can’t Read Smart Contracts; Still Pulling 500% Returns

A recent survey from Coingecko revealed that almost half of the DeFi yield farmers couldn't read the smart contracts of the project they join. A majority of these yield farmers depend on auditors to monitor the security aspects of the project.

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Research: 40% of yield farmers are unable to assess risks of investments

According to CoinGecko, more than a third of DeFi users involved in yield farming do not know how to read smart contracts and assess the risks associated with them. This is fraught with loss of investment in the future.

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Yield farmers make 500% returns, but most can't read smart contracts

A CoinGecko survey has found that the majority of yield farmers do not understand the smart contracts underpinning the DeFi protocols they use.

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This Statistic Shows How Small Ethereum’s DeFi Space Really Is

Ethereum’s decentralized finance space has seen parabolic growth since the start of 2020. In the past nine months, the value of coins locked in DeFi contracts has surged from around $500 million to $10 billion — a statistic that may actually undershoot true values.

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Is 2020 the Year TRON Smart Contracts Come of Age?

Smart Contract Oracle Solutions: the New Herald of Crypto Fundraising With smart contracts and DeFi gaining traction in droves, and the numbers of new entrants into the ecosystem growing, the smart contract revolution appears to be kicking into gear this year.

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Is 2020 the Year TRON Smart Contracts Come of Age?

Smart Contract Oracle Solutions: the New Herald of Crypto Fundraising With smart contracts and DeFi gaining traction in droves, and the numbers of new entrants into the ecosystem growing, the smart contract revolution appears to be kicking into gear this year.

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Ethereum Supply in Smart Contracts Surpasses That on Exchanges: Glassnode

Glassnode agency has reported that users are currently putting most of their ETH in DeFi smart contracts instead of keeping it on centralized digital exchanges

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Phemex Exchange Meets DeFi Bulls, Launches Perpetual Contracts for YFI and LEND

Cryptocurrency and derivatives exchange Phemex has listed seven new perpetual contract trading pairs: ADA/USD, ALGO/USD, COMP/USD, DOT/USD, LEND/USD, YFI/USD, BCH/USD. 

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Ethereum as a hedge? Thank smart contracts

After Bitcoin, Ethereum has been the hottest cryptocurrency in the market, especially off-late, with its growth driven by Decentralized Finance [DeFi]. In fact, DeFi's growth has become synonymous witThe post Ethereum as a hedge? Thank smart contracts appeared first on AMBCrypto.

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Over 15% of ETH Supply Locked in Smart Contracts, BTC Dominance Declining

The rapid growth of decentralized finance (defi) protocols is contributing to the increasing proportion of ETH supply that is now locked in smart contracts. More than 15% of the total ETH supply is now locked, compared to 11.

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Tezos Price Analysis - Smart contracts and dapps have yet to take hold

Network fundamentals reflect a nascent chain with rising daily transactions and increasing active addresses over the past year. However, the recent boom for DeFi related coins has likely temporarily sucked buy-side demand away from XTZ in the near term.

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DeFi bug results in loss of $8m in Ethereum, Chainlink, and stablecoins

Decentralized finance has undoubtedly grown exponentially over the past few months, with the value of DeFi coins and the value of cryptocurrency locked in these contracts simultaneously going parabolic.

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How can the DeFi derivatives help the crypto market?

The derivatives market as part of the traditional market was valued at $640 trillion (the value of outstanding derivatives contracts) in the first half of 2019.

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YAM announces planned relaunch date of fully audited YAMv3 platform

The DeFi community has been captivated by the news surrounding the faulty launch of the YAM platform last month, when a flaw in the platform’s unaudited smart contracts resulted in the YAM token becoming worthless.

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Aave & Synthetix Dominate FTX’s DeFi Index; Replacing Maker & COMP

FTX’s DeFi perpetual contracts were launched in mid-June with Compound (COMP) and Maker (MKR) having the dominant position with 20% share each, which has now fallen to 11. 2% and 6. 1%, respectively.

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Defi Protocol Bzx Loses $8.1 Million in Third Hack This Year

So called decentralized finance (defi) lending platform Bzx on Sunday lost $8. 1 million in a new hacking attack, the third this year, caused by a flawed code in its smart contracts. The bug allowed the hacker to mint 219,200 LINK tokens (valued at $2.

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C.R.E.A.M Finance Goes Live on Binance Smart Chain; Deposits Jump Past $300 Million

Earlier this month, Binance announced the launch of Binance Smart Chain to enable the creation of smart contracts and the staking mechanism for BNB. At that time, it announced Ethereum-based Cream as its DeFi collaborator, and today the DeFi project has gone live on Binance Smart Chain.

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Aave Dominates after DeFi Loses One Unicorn, FTX Launches LEND Perpetual Contracts

Aave is now the dominating force in the DeFi world. With a dominance of 20. 72%, this lending protocol currently has $1. 54 billion of total value locked in it, out of the total DeFi TVL of $7. 45 billion.

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DeFi Project Xfinance(XFI) ILO Presale Scheduled for Sept 10th

DeFi project – Xfinance announced they will cooperate with LID Protocol and launch XFI ILO presale on the LID presale Dapp, launch date scheduled for September 10th. LID Protocol solves the issue of Uniswap exit scamming by using standardized non-custodial presale smart contracts that lock liquidity.

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Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts

Growing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools.

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Vitalik Buterin Floats EIP 2929 to Tackle Rising Ethereum Gas Fess

Vitalik Buterin the co-founder of the Ethereum smart contracts blockchain has introduced the Ethereum Improvement Proposal (EIP) 2929 as a possible solution to the rising gas fees of the network. Buterin Focuses on Gas Fees Reduction  As the world of decentralized finance (DeFi) continues to expand, transaction fees (gas fees) on Ethereum, the engine roomRead MoreRead More.

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Nearly $1B wiped off DeFi TVL amid crypto market sell-off

Value locked in DeFi smart contracts is now around $8.6 billion, down from $9.5...

The post Nearly $1B wiped off DeFi TVL amid crypto market sell-off appeared first on Coin Journal.

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Ethereum Contract Calls Set New All-Time High Amid DeFi Explosion

With the flurry of activity in the decentralized finance (DeFi) space, the number of Ethereum (ETH) contract calls continues to increase. As numerous DeFi projects emerge weekly, dry-runs and tests on smart contracts are increasing as developers work out bugs.

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Binance Smart Chain Goes Live Supporting Smart Contracts for DeFi

Coinspeaker Binance Smart Chain Goes Live Supporting Smart Contracts for DeFiThe Binance Smart Chain promotes interoperability and programmability with the Binance Chain while enabling smart contracts on the platform.

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Binance Launches Leveraged YFI Contracts After Prices Top $38,000

Binance has just announced leveraged perpetual contracts for Yearn Finance’s YFI token as the DeFi asset surges to new all-time high prices. Binance Futures will launch a new YFI/USDT perpetual contract, with trading starting on Aug 31 at 07:00 AM (UTC).

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IDEX Undergoes Smart Contract Audit Instead of Riding the “Test in Prod” Narrative

IDEX, a decentralized exchange, will use crypto firm Quantstamp to audit its smart contracts. It comes at a time when most DeFi projects are launching without strict audits. A DeFi alternative to CEXs In a release, IDEX said the launch of its upgrade, the IDEX 2.

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A new Polkadot to Ethereum bridge could enable cross-chain DeFi composability

Smart contracts on Ethereum will be able to directly interact with Polkadot.

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Binance Futures launches DeFi index perpetual contracts

Binance, the global blockchain company, and popular crypto-asset exchange company, today announced a new DeFi composite index line of perpetual contracts. Listed on Binance Futures, the contracts are denominated in USDT and with leverage of up to 50x.

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yEarn Finance Is Officially the Youngest DeFi Billionaire

yEarn Finance joins Aave, Maker, Curve, and Compound as DeFi protocols with $1 billion of assets locked in their smart contracts. The protocol's token, YFI, has been on a tear lately, doubling its market cap from two weeks ago.

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Elrond (ERD) to Integrate DIA Oracles to Access Secure Off-Chain and Cross-Chain Data

Sharded smart contracts execution platform Elrond (ERD) to integrate DIA oracles to access off-chain and cross-chain data. Elrond Taps DIA for Oracle Needs In an announcement made today, Elrond CEO, Beniamin Mincu stated that the scalable blockchain protocol’s DeFi products and smart contracts will use DIA oracles to fetch off-chain and cross-chain data.

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Algorand Readies On-Chain Smart Contracts as the Summer of DeFi Rolls On

The "stateful" smart contracts are a watershed for DeFi projects, Algorand claimed.

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Cryptocurrency News Roundup for August 18, 2020

Since the start of 2020, the net worth of assets locked in DeFi smart contracts have increased nearly 10x from $680 million to more than $6 billion. BeInCrypto covered it in-depth here, in case you missed it earlier.

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