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Sky (Formerly Maker) Announces USDS’s Debut on Solana Blockchain

Sky, the DeFi lending protocol that was formerly known as Maker, has rolled out its USDS stablecoin on the Solana blockchain. According to the official announcement, Sky said the launch positions USDS as “the first major…
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Solana-Based Algorithimc Stablecoin Plummets 99% After a $3.5M Flash Loan Exploit

Solana-based decentralized finance yield protocol, Nirvana, is the latest victim of a flash loan attack in the cryptocurrency space. Data from blockchain security firm, PeckShield, revealed that the attacker managed to drain nearly…
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Avalanche-based Pangolin Dex set to make debut on Flare blockchain

Pangolin, a decentralized exchange (DEX) on the Avalanche network, will debut on the layer-1 blockchain Flare network. Flare is known for its interoperability solutions and Pangolin hopes to utilize the underlying technology to reach…
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Solana said to be ‘more decentralized than people think,’ but there’s more

Solana-based decentralized finance (DeFi) firm Unstoppable Finance has argued that Solana is more decentralized than people make it out to be. However, there’s another side that believes that the blockchain platform is actually more…
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Crypto market cap climbs 15% in a week following Ethereum Merge date revelation

It has been a volatile yet positive week for cryptocurrencies, as traders ignored the warnings from crypto winter veterans that there was more downside in store and jumped back into the market at the first sign of rising prices. Evidence…
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DeFi Protocol CVI Finance Launches Impermanent Loss Protection

The team behind the decentralized protocol Crypto Volatility Index (CVI) has launched an impermanent loss (IL) protection solution dubbed “Armadillo,” designated to help liquidity providers (LPs) mitigate losses during…
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Crypto mixers’ popularity booms as illicit addresses push volumes to ATH: Report

As on-chain activities slow down during the crypto winter, usage of cryptocurrency mixers has doubled in 2022, with addresses classified as “illicit” being the top contributor. Cryptocurrency mixers, also called “tumblers,” provide…
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PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher

As Ethereum shifts into proof-of-stake (PoS), a decentralized finance (DeFi) researcher has argued that the platform can overtake Bitcoin's (BTC) throne as the top dog in crypto. In a Twitter thread, researcher Vivek Raman highlighted that…
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The Failure of Terra, Celsius, 3AC Highlights the Importance of Self-Custody: DappRadar

DappRadar published the latest edition of its quarterly report, focusing on how the fall of Terra, Celsius, and 3AC have changed the blockchain landscape as the liquidity crisis deepened, impacting major CeFi players. In…
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Will Uniswap Lead The DeFi Space Ahead Of The Metaverse, This Snowfall? – Coinpedia –…

The coin market has been ruthless as the market-wide corrections continue to eclipse the price projections of digital assets. However, several cryptos continue to outperform in terms of on-chain metrics. The market cap of the crypto sphere…
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