DeFi - Recent articles
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![DAI Gets a Quick Bridge To Optimism](/_next/image?url=%2F_next%2Fstatic%2Fmedia%2Fplaceholder.8776f6e0.jpg&w=828&q=75)
DAI Gets a Quick Bridge To Optimism
MakerDAO will soon launch a feature which may solve the biggest UX hangup of the Optimistic layer 2 (L2) scaling solution. The feature will allow users to move not only DAI, but eventually any Ethereum asset, off Optimism and to layer 1 (L1) within minutes. Considering the previous withdrawal wait period of one week, the…
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![People Are Outraged About NFT Energy Consumption](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fd0072c2459cf83f07280b85b40c44a2b794c2456-614x732.jpg&w=828&q=75)
People Are Outraged About NFT Energy Consumption
The recent NFT boom is spurring concern that the environmental impact of minting these tokens might not be worth the benefits this emerging market is creating, with at least one artist canceling his NFT drop. In brief, blockchain mining is very energy intensive, and by extension, so is mining NFTs. Both the Bitcoin and Ethereum…
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![DODO DEX Suffers $2.1M Hack](/_next/image?url=%2F_next%2Fstatic%2Fmedia%2Fplaceholder.8776f6e0.jpg&w=828&q=75)
DODO DEX Suffers $2.1M Hack
DODO, a crypto exchange with contracts on both Binance’s Smart Chain and Ethereum, has suffered a $2.1M hack. The hacker attacked DODO’s Crowdpools, which the project launched in February as part of their version 2 (V2). “On March 8, Several DODO V2 Crowdpools were attacked. WSZO, WCRES, ETHA, and FUSI pools were impacted, while AC…
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![Cover Protocol Token Dives After Yearn Breakup](/_next/image?url=%2F_next%2Fstatic%2Fmedia%2Fplaceholder.8776f6e0.jpg&w=828&q=75)
Cover Protocol Token Dives After Yearn Breakup
Yearn Finance and Cover are splitting ways after announcing a merger back in November. The reasons behind the break-up haven’t been disclosed, but Yearn’s creator, Andre Cronje, has made one thing clear: it’s not amicable. Lost Trust Originally, Yearn—which specializes in lending aggregation, yield generation, and insurance—had partnered with peer-to-peer insurance lending protocol Cover with…
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![Withdrawal Delays Highlight NBA Top Shot Centralization](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F035ad46fdcdd2fb4c7789c8ac21cebd01bf2acae-508x419.png&w=828&q=75)
Withdrawal Delays Highlight NBA Top Shot Centralization
With over $230M in gross sales since launch and affiliation with one of the most lucrative sports franchises in the world, there’s one important question NBA Top Shot fans should be asking themselves: Do they actually own their NBA Top Shots? Top Shot users are experiencing several days of delays in the withdrawal of funds…
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![Big Data Protocol Amasses 10% of DeFi TVL Over the Weekend](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F1c51e47a890e3dffb83ecf52a8dcb8125fddde9a-850x579.png&w=828&q=75)
Big Data Protocol Amasses 10% of DeFi TVL Over the Weekend
Big Data Protocol wasn’t even live a week ago. Now it sits third in terms of total value locked, ahead of DeFi mainstays Compound Finance and Uniswap, according to data compiled by DeBank. With over $6B locked up since rewards emissions began on Saturday, the project has DeFi watchers wondering how it rocketed from nowhere…
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![A Quick Guide To Accelerators Funding NFT Startups](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F7896898e1d30382d46d8c3692d175b07ddbe3597-1424x784.png&w=828&q=75)
A Quick Guide To Accelerators Funding NFT Startups
Accelerators supporting startups that focus on or utilize non-fungible tokens, here described as NFT startups, include both newly established Web 3 accelerators as well as historical players in the accelerator space. In addition, many of these accelerators are associated with venture funds that have invested in NFT startups. Accelerators are a well-developed funding and development…
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![DeFi Rebounds After Bleak February](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F95fafd0afd15242be9b7ce7834a16981d8badb88-924x1332.png&w=828&q=75)
DeFi Rebounds After Bleak February
DeFi is regaining its footing in March after a market-wide plunge at the end of February. The DeFi Index Pulse is up 14% this week after dropping more than 20% in the last week of last month. Total value locked (TVL) too, is on the rise in March after a weeklong 20% tumble to $36B…
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![InsurAce Raises $3M in Round Led by Alameda & HashKey](/_next/image?url=%2F_next%2Fstatic%2Fmedia%2Fplaceholder.8776f6e0.jpg&w=828&q=75)
InsurAce Raises $3M in Round Led by Alameda & HashKey
InsurAce, the Singapore-based insurance protocol, raised $3M in a token-based funding round led by Alameda Research and HashKey Capital. Investors from the project’s $1M seed round, DeFiance Capital, ParaFi Capital, Hashed and Signum Capital, also participated. The round was completed with institutional investors, including, IOSG Ventures, ImToken Ventures, LongHash Ventures, HashGlobal, Tembusu Partners, Factorial Ventures,…
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![DeFi Pulse Index Adds Sushi](/_next/image?url=%2F_next%2Fstatic%2Fmedia%2Fplaceholder.8776f6e0.jpg&w=828&q=75)
DeFi Pulse Index Adds Sushi
The DeFi Pulse Index (DPI) has added Sushiswap’s Sushi token to its set of assets. DPI now includes 12 tokens, with Sushi comprising 8% of the index’s total value. The only three project’s with tokens representing higher allocations are Uniswap, Aave, and Synthetix, with 30, 19, and 13% respectively. The projects launched within a month…
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![ETH is Flat After Strong ETF Debut](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F1c8ae8fab7650b95433994718dea95dbf8b5f719-1292x738.png&w=828&q=75)
ETH is Flat After Strong ETF Debut
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