14 stories curated by CryptoCatalyst
Kraken now lets users trade directly on Solana's decentralized exchanges (DEXs) from its main app. This move gives access to thousands of tokens and could expand to other blockchain networks soon.
Zama, Morpho, and Steakhouse have launched the first confidential DeFi yield vault on Ethereum, allowing firms to earn yield without exposing their balances. This innovation enhances privacy for institutional and high-net-worth investors in the DeFi space.
Curve Finance has launched Llamalend v2 on the Optimism network, backed by a 250,000 OP token grant. The new version supports markets for multiple collateral and borrow assets beyond crvUSD and introduces LlamaRisk as a market curator.
Morpho has secured $175 million in funding to create a blockchain-based credit network. This network aims to connect decentralized finance (DeFi), traditional financial institutions, and global markets, potentially revolutionizing how credit is managed and accessed.
EdgeX is refunding users and offering a 200,000 USDC bounty after a 71% flash crash of its EDGE token. The crash was caused by a flood of sell orders during low liquidity on PancakeSwap.
Ethereum co-founder Vitalik Buterin has proposed a new model for synthetic assets that avoids liquidation risks and relies on slower, more reliable oracles. This could make decentralized finance (DeFi) platforms more stable and less dependent on real-time price feeds.
Veda is making the vault technology behind Kraken DeFi Earn and EtherFi’s Liquid available to Privy’s 2,000+ developer teams. This move could accelerate DeFi innovation by providing self-serve access to a proven yield-generating infrastructure.
Coinbase has invested in Ethena through an open market purchase of ENA tokens, and the two companies are partnering to grow onchain finance and savings products. This collaboration aims to expand blockchain-based financial services.
BlockBooster is launching a new incentive program to reward DeFi users. The program aims to boost liquidity and engagement in decentralized finance protocols.
Security researchers have identified an ongoing exploit of Stake DAO, where an attacker minted 5.4 trillion vsdCRV tokens on Arbitrum and is swapping them for ether. This highlights the ongoing risks of smart contract vulnerabilities in decentralized finance.
Squid's core protocol remains unaffected after a third-party module, SquidRouterModule, was exploited for $3.2 million. The company has no information about who deployed the vulnerable module.
DeFi attackers are using AI to exploit security weaknesses beyond smart contract bugs, making it harder for defenders to keep up. The CEO of CertiK warns that this creates an unfair advantage for hackers.
Yield Basis has launched an automated market maker (AMM) that offers Bitcoin yield without impermanent loss (IL). The platform has already captured a significant share of BTC DEX liquidity, making it a notable player in the space.
A hacker exploited a security flaw to drain $116,500 worth of crypto, triggering a massive liquidity crisis. This event highlights the risks of complex crypto systems and how quickly things can go wrong.