DeFi
Aave Protocol to Create a Stablecoin, GHO
Aave DAO, the governance body of the Aave Protocol, have voted to create an overcollateralized stablecoin, GHO.
Block Magnates
DeFi
Decentralized finance (DeFi) is a financial system that runs on a decentralized network. This means that there is no central authority or middleman involved in the system. Instead, it is powered by smart contracts and runs on a blockchain.
In Block Magnates we cover the latest DeFi news and trends from around the web
DeFi
Celsius Network Files for Bankruptcy, has $167 Million in Cash
Celsius Network has filed for bankruptcy in New York to stabilize and restructure less than a month after suspending withdrawals.
DeFi
Omni, an NFTs-for-ETH Loans Platform, Hacked for over $1.45 Million
Omni, an NFTs-for-ETH loans protocol, lost $1.45 million of their internal testing ETH to a hacker on July 10, 2022.
DeFi
Centralized Crypto Lending Firms are to Blame for their Failure
Robert Leshner of Compound Finance has said centralized crypto lending firms are to blame for their failure and is good…
DeFi
MakerDAO vote to Extend a $100 Million Loan to a U.S. Bank
MakerDAO is voting on a proposal that will see Huntingdon Valley Bank access a $100 million line of credit.
DeFi
Nexo Allegedly Trading Against Clients to Force Liquidation
Nexo, the regulated and centralized crypto money market, is accused of trading against clients and charging an illegal liquidation fee.
DeFi
Voyager Digital Wants to Recover over $660 million from 3AC
Voyager Digital is planning to recover over $660 million from Three Arrow Capital (3AC), issuing the hedge fund a notice…
DeFi
BlockFi Increases Deposit Rates, a $25 Withdrawal Fee Will Also Apply
BlockFi has announced that it will increase deposit rates of top crypto assets supported and will also introduce a $25…
DeFi
Harmony Bridge Exploited for over $100 Million in ETH
On June 24, the Harmony Bridge was hacked and roughly $100 million of ETH stolen, the team has confirmed. The…
DeFi
Compound Finance Founder Wants DeFi Protocols to be More Transparent
Robert Leshner of Compound Finance protocol said DeFi needs more transparency now than before following collapse of recent crises.