DeFi

PNetwork bridge drains over $4.3 million in tokens that it had issued on its bridge

November 4, 2022 2 mins read

According to on-chain analysis by security firm BlockSec, the “white hat” exploit was carried out today after the team claimed to have discovered a “misconfiguration” in the token’s smart contract. The pNetwork developers attempted to outrun any malicious hackers by “draining” pgala tokens stored in PancakeSwap pools. These pNetwork-issued tokens are a 1:1 tokenized version of the gala tokens used in the play-to-earn project Gala Games. The tokens are issued

Goldman Sachs partners with MSCI and Coin Metrics to launch a framework for digital assets

November 4, 2022 1 min read

Multinational investment bank Goldman Sachs is collaborating with MSCI and Coin Metrics to launch a framework for digital assets. Datonomy, a new data feed that will allow investors to monitor trends in the crypto and DeFi markets, is being developed by Goldman Sachs, MCSI, and Coin Metrics. According to a press release, Goldman Sachs is collaborating with other companies to develop a framework for digital assets. The framework demonstrates that

Sushi DAO will be divided into 3 entities as per new legal structure

October 26, 2022 1 min read

Sushi DAO’s DAO governance and protocol administration will be divided among three new entities. Sushi DAO, the community in charge of the decentralized exchange (DEX) project SushiSwap, has approved a new legal structure that will establish three new corporations to operate the DAO and the protocol. SushiSwap’s management is now split between a DAO comprised of community members with voting rights and a project team that maintains the protocol. This

DeFiLlama rolls out Delta Neutral Yields for great DeFi yield farming opportunities

October 24, 2022 1 min read

DeFiLlama, a DeFi data platform, has created a new tool to help token farmers identify more yielding farming possibilities. Delta Neutral Yields, a product that DeFiLlama has been working on for months, was announced on October 23. The technology searches the platform’s enormous database for possibilities where users can borrow tokens to farm with. It says that with the new approach, yields of more than 20% are possible with BTC,

Draft Crypto bill Circulating in Secret could be a catalyst to DeFi

October 21, 2022 2 mins read

Crypto industry advocates had previously stated that a crypto bill they had come across would “kill DeFi.” The controversial legislature has seen an updated draft being released online. Initial reactions seemed positive, with commentators raving on about how the U.S. is “finally getting their act together.”  The bill is named the Digital Commodities Consumer Protection Act (DCCPA), with an updated version currently circulating online. Tones have once again changed with some

The decentralized multichain wallet BitKeep looses $1 million to hacker

October 18, 2022 1 min read

In addition to guaranteeing compensation to hacking victims, BitKeep has also guaranteed prizes to anyone who can help recover the cash that was taken. On October 17, a hacker used the swap functionality of the decentralized multichain wallet BitKeep to steal $1 million from it. This hacker was using the BNB chain. The attack was originally brought to light by the blockchain security firm PeckShield on October 17, and BitKeep

Olympus DAO reduces the annual OHM staking yield to 7.35%

September 30, 2022 1 min read

Olympus DAO has reduced the annual percentage staking yield of the OHM token to 7.35%. Following the DAO’s approval of OIP-119, a governance proposal, the rewards were scaled back in order to make the protocol sustainable. The Olympus DAO team explained that while the project’s previous goal was to bootstrap adoption by providing a very high yield, it is transitioning to a new tokenomics framework. The company announced the news

Krew Launches Klaytn-based DeFi Accelerator to Support Next Wave of DeFi Startups

June 30, 2022 3 mins read

BVI, Tortola, 21st June, 2022, Chainwire Krew, a new DeFi accelerator housed in the Klaytn ecosystem, is launching – armed with a $4 million war chest that will be used to create, incubate, and support DeFi projects in the EVM-compatible blockchain. KLAP (Klaytn Lending Application), the first project to onboard the Krew accelerator, just came out of stealth last week and attracted tens of thousands of followers for the Klaytn-native

Cake DeFi enters into eSports with competitive gaming platform FACEIT

May 28, 2022 4 mins read

Singapore, Singapore, 10th May, 2022, Chainwire FACEIT, the world’s leading platform for competitive online gaming, has today announced a multi-million dollar partnership with Cake DeFi, one of the world’s fastest growing crypto fintech platforms, which allows users to earn cash flow from their crypto. Facilitated by Pivot Agency, the collaboration will provide Cake DeFi with authentic brand exposure to all FACEIT users globally through a series of bespoke and multifaceted