In the latest bullish signal for the burgeoning staking sector, Aave has just cleared the way for Lido to distribute rewards across three liquidity pools on its system — Ethereum, Arbitrum, and Optimism.
At first glance, MakerDAO’s financial performance in 2022 looks grim — the No. 2 DeFi protocol suffered an 79% drop in operating earnings and its top line revenues skidded by 42%.
Yet, given the carnage in crypto in 2022, MakerDAO, a pioneer in DeFi lending, can at least boast it made money last year. And the protocol’s embrace of real-world assets provided a most welcome source of growth.
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About 20 DeFi projects, including Yearn, Aave, and MakerDAO, are poised to begin sharing each other’s tweets Monday as part of a 24-hour campaign to promote the permissionless nature of decentralized finance.
Hackers exploited the CoW Swap decentralized exchange on Tuesday and stole $166,000 worth of BNB from a wallet controlled by the protocol, according to the company. In a twist, CoW Swap identified the hacker on Twitter as one of its market makers.