DeFi

SolidProof, a German-based blockchain auditing company, has finalized the development of its auto audit tool and plans to launch the solution soon. Dubbed the SolidProof Automated Auto Tool (SAAT), the product is designed to streamline and speed up the entire smart contract auditing process.  Retail and institutional adoption of decentralized finance (DeFi) is growing stunningly. However, rampant hacks, scams, and other security breaches targeting DeFi protocols threaten to derail the success of the budding sector. SAAT aims to help blockchain…

Here's a look at SOVYRN – the project quietly revolutionizing the Bitcoin network with once-incompatible functionality: decentralized finance. With time, it may fully correct Bitcoin's limitation on programmability, rendering various altcoins obsolete. The Present Crypto Divide As things stand, Bitcoin is still the most valuable cryptocurrency on the market. The digital asset has a $440B+ market cap. Next to the total crypto market cap of $1 trillion, Bitcoin's market dominance is unquestionable. The outside world also adopts the currency at…

DeFi Connect, an innovative crypto ecosystem, announced its imminent listing on centralized exchange BitMart starting Thursday, October 21. Trading will begin on Friday, October 22. The growing community around DeFi Connect has been eagerly waiting for this news since the project’s launch in early 2021. The platform’s native token, DFC, has the crucial role of bridging real-world financial applications with decentralized finance (DeFi). The DeFi Connect Ecosystem DeFi Connect is an emerging platform in decentralized finance looking to expand access…

Decentralized Finance (DeFi) is the center of these crypto transactions. However, DeFi is an innovative niche that many enthusiasts still need to explore fully. Nevertheless, numerous smaller crypto assets with similar characteristics to DeFi tokens already exist. Binance Chain, PancakeSwap, and Uniswap are examples of DeFi platforms that harbor such investments. However, the others operate on their blockchain networks. What are Some DeFi Characteristics DeFi represents an experimental form of finance that does not depend on central intermediaries like banks,…

Recently, Pinkslip Finance announced it has officially joined the jointly developed Huawei Cloud Singapore and Morpheus Labs launchpad. The NFT-based platform became one of the very first networks to acquire the services of the innovative launchpad. Moreover, Huawei Cloud and Morpheus have promised to pour in resources to give blockchain solutions to Pinkslip Finance, among other projects. Pinkslip Finance announced its excitement to work with Huawei Cloud PAC on Twitter. In recent times, many have considered Huawei as the leading…

A rise in demand for digital coins in India might help the crypto landscape flourish in the region. For instance, the nation is currently leading the expansion of cryptocurrency markets. Also, a report from Chainalysis showed that India's market grew by 641% over the past year. Fastest-Growing Crypto Region Chainalysis’ records show that Institutional investors are driving India's cryptocurrency market expansion. Additionally, increasing decentralized finance activity has been one of its few catalysts. According to Quantstamp's Sriram, DeFi activity continues…

Leading Decentralized Finance (Defi) Protocol Compound is staring at heavy losses following a bug bite. The firm's chief, Robert Leshner, has revealed it in a series of tweets. Also, Leshner blamed the firm's woes on an upgrade that went wrong. Compound has recently updated its Comptroller Contract. The Proposal 062 update manages how the protocol rewards its stakers. A bug in the upgrade has seen the contract wrongfully allocate its users staking rewards in COMP tokens. The news won't be…

Since the launch of blockchain technology in 2011, the financial world has welcomed many other related projects. One of the most innovative yet simple ones is using Non-Fungible Tokens (NFT). An NFT is a unit of data stored on a blockchain, and it assigns unique tags to digital assets which are not subject to any form of change. Even though NFTs sit on the same blockchain technology as cryptos, they are not currencies. Since their debut, NFTs have proven themselves as…

Since its inception, the decentralized sector has been booming. Fantom is a leading DeFi platform aiming to take this financial revolution to the next level. The project advances at a remarkable speed. For instance, several reputable exchanges have already listed Fantom's native FTM token. Also, some of the most popular DeFi protocols have hosted the coin in the past few months. This short guide takes a closer look at the Fantom project and how it works. Also, we discover its…