DeFi

MetaMask’s announcement of its Apple Pay integration surprised the crypto community. Investors in Apple and the crypto world are now wondering what this partnership may represent. Leaving aside any creative speculation of crypto enthusiasts, the advantages for Apple are relatively straightforward.   A Quick Introduction to the MetaMask Crypto Wallet MetaMask is a well-liked cryptocurrency wallet because of its simplicity and availability on desktops and mobile devices. The system can buy, transmit, and receive cryptocurrency directly from a wallet. It can…

After an airdrop broadcast by Optimism earlier this week, Synthetix (SNX) has seen a continuous upward climb. Apparently, the announcement was an opportunity for the DeFi protocol to prepare itself to join in the ongoing L2 Curve Wars.  This and other factors have encouraged Optimism users to engage with the DeFi project. Consequently, the SNX price continues to sustain a steady rise, for the time being.  SNX Buoyed by Layer-2 Solutions Ever since Layer 2 protocols grew in popularity on…

The Compound Governance community has rejected a move to completely scrap the COMP rewards program. The community cited concerns that the move could possibly threaten the protocol's decentralization. Despite these concerns, it is interesting that Compound only narrowly escaped abandoning its rewards program.  Compound Debate Rewards Adjustments Compound Finance is a DeFi lending protocol that enables traders to borrow and lend crypto assets on the market. As a DeFi app, its users also possess COMP tokens for utility. COMP tokens…

The popular DEX aggregator 1inch has now deployed on the Fantom network – a layer-1 smart contract platform for decentralized finance. This brings deeper market liquidity and cheaper, more efficient swaps to 1inch users. 1inch gathers data and liquidity across multiple decentralized exchanges (DEXs), throughout various blockchains, to find the best trading rates for its users. These include Ethereum, Binance Smart Chain, Polygon, Avalanche, and now Fantom – among others. The Fantom network uses a unique “directed acyclic graph” (dag)…

SolidProof – a German-based security company – will soon make its automatic smart contract auditing tool available for development teams everywhere. The product is meant to support the growing decentralized finance (Defi) space by addressing its all too common security threats. The Need for Security Defi is a popular application for blockchain technology that builds on the original monetary function that Bitcoin was designed for. Whereas Bitcoin was created as a form of trustless money, defi enables trustless financial services…

It’s been over ten days since Ronin Bridge fell victim to the largest Defi hack in history. Today, the lost ETH from the hack has started leaking out of the suspected thief’s wallet. Covering HIs Tracks According to on-chain data from Etherscan, the exploiter's addresses conducted multiple transactions between themselves earlier today. In two batches, the hacker's original address sent 2000 ETH to a new address flagged “Ronin Bridge Exploiter 8”. The new address subsequently sent 20 batches of 100…

Popular DEX aggregator 1inch has now launched its mobile app for Android users. People with Android phones can now swap tokens and access other DeFi functions using the app. The 1inch DEX aggregator accesses liquidity and services across a variety of centralized and decentralized crypto exchanges. It launched its wallet for IOS last April, and now brings its app to Android a year later. "1inch always aims to make its products available to new audiences," said Sergej Kunz, co-founder of…

The popular decentralized exchange aggregator “1inch” has dropped another useful tool for Web 3 and Defi developers. This time, it's the “spot price aggregator” – a tool that extracts price data for tokens traded on multiple DEXs right from the blockchain. This data can be incorporated right into any person’s project, using publicly available smart contract addresses and source code on Github. What is the Spot Price Aggregator? According to a press release shared with CryptoAdventure, the new tool works…

DeFi Yield Protocol (DYP) has teamed up with KyberDMM DEX to increase token liquidity on Avalanche. In a two-month-long campaign, users may earn up to $300,000 in $DYP and $KNC liquidity mining rewards. DYP and KyberDMM for Increased Liquidity KyberDMM (Kyber Dynamic Market Maker) is a cutting-edge, capital-efficient DEX protocol. Its primary goal is to increase liquidity with amplified pools and maximize returns for liquidity providers (LPs) with dynamic fees. The protocol’s main liquidity mining campaign is "Rainmaker," running on…