DeFi News

One effect of cryptocurrency is that its tenets and technology have provided the foundation for a new type of finance. This is decentralized finance, also known as DeFi. Traditional financial institutions have offered services such as loans, derivatives, and money storage for quite a while now.

What makes DeFi different is that it gives users more control over how they store or handle their assets, thanks to the distributed ledger tech (DLT) and smart contracts that make everyone involved abide by prearranged rules.

The DeFi sector has been on the rise lately and TradeCrypto is regularly reporting about the related developments, so check out our DeFi news today. And to find out more, weโ€™ll point you in the direction of our DeFi Academy and its helpful guides.

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Curve Finance launched native algorithmic stablecoin
DeFi News
Curve Finance launches native algorithmic stablecoin

๐ŸŽ‰๐Ÿš€ Buckle up, crypto enthusiasts! Curve Finance just launched crvUSD stablecoin, minting $22M+ in minutes! ๐Ÿค‘๐Ÿ’ฐ๐ŸŒ• Get ready for the ride!

04.05.2023 08:262 min read
Uniswap votes in favor to deploy Polygon's zkEVM
DeFi News
Uniswap votes in favor of deploying Polygon’s zkEVM

๐Ÿš€ Uniswap on Polygon’s zkEVM? All 191 UNI token holders voted in favor! Get ready for lightning-fast trades and increased market growth ๐Ÿ“ˆ

14.04.2023 09:582 min read
SushiSwap smart contract bug leads to $3.3 million exploit
DeFi News
SushiSwap smart contract bug leads to $3.3 million exploit

SushiSwap got hit and lost $3.3 million ๐Ÿ’ธ Only those who used it in the last 4 days are affected. Use Lilley’s tool to check if you’re exposed! ๐Ÿ›ก๏ธ

10.04.2023 08:342 min read
Euler Finance exploiter returns 90% stolen funds
DeFi News
Euler Finance exploiter returns 90% of stolen funds

๐Ÿ’ธ๐Ÿ’ฐ Euler Finance hack update: Recovered! The hacker returned $177M out of $200M, canceling the $1M bounty. Good news for DeFi! ๐Ÿ™Œ๐Ÿš€

04.04.2023 09:412 min read
Abritrum Foundation to break up votes after community revolt
DeFi News
Arbitrum Foundation to break up votes after community revolt

๐Ÿšจ Drama in governance! Arbitrum Foundation’s proposal for control of 750M ARB tokens rejected due to community backlash. Splitting proposal into parts. ๐Ÿ™Œ

03.04.2023 09:052 min read
Uniswap partners with Moonpay to bring debit cards
DeFi News
Uniswap partners with Moonpay to bring debit cards

The largest decentralized exchange, Uniswap, is to bring debit and credit card payments to DeFi via the crypto payments provider, Moonpay. Uniswap is making a giant step towards DeFi adoption with an announcement of this partnership: Users can purchase crypto on theย Uniswap Web Appย using a credit card, debit card, or bank transfer. They can convert […]

21.12.2022 10:102 min read
SushiSwap runs out of funds
DeFi News
SushiSwap runs out of funds

DeFi platform SushiSwap proposed redirecting all revenues paid to xSushi holders to its Treasury. SushiSwap Head Chef warned of a significant deficit threatening the decentralized exchange. Newly appointed as Head Chef, Jared Grey told the SushiSwap community: Over the past two months as Head Chef, Iโ€™ve spent most of my time analyzing the operational and […]

06.12.2022 14:462 min read
Ankr buys $5M BNB to compensate for exploit
DeFi NewsBNBBUSD
Ankr buys $5M BNB to compensate for exploit

Decentralized finance BNB chain protocol Ankr, suffering from a massive exploit earlier this Friday, decided to compensate the liquidity providers by acquiring $5M worth of BNB. The attack was discovered by PeckShield, an on-chain security analyst, citing it happened due to a bug in Ankr protocol that allowed the hacker to endlessly mint aBNBc tokens. […]

02.12.2022 14:162 min read
Uniswap launches NFT aggregator
DeFi News
Uniswap launches NFT aggregator

Uniswap Labs announced the launch of an NFT aggregator, which allows trading NFTs from partnering marketplaces within the decentralized exchange. Now live on Uniswap, users can find listed NFTs from OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, Foundation, NFT20, and NFTX. The new feature primarily focuses on those who aim to trade across marketplaces, simultaneously providing […]

01.12.2022 11:072 min read
Aave freezes low-liquidity pools
DeFi News
Aave freezes low-liquidity pools

Last week, the Ethereum-based decentralized lending protocol Aave was left with $1.6M of bad debt due to a massive CRV sale. Aave, the leading DeFi protocol with over $5B of total value locked, has accepted a proposal by Llama and Chaos Labs, which asked to pause volatile assets due to low liquidity, following the Nov. […]

28.11.2022 14:542 min read
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