$ETH co-founder Vitalik Buterin faces backlash for doubting DeFi’s role in driving crypto adoption. DeFi influencers argue it’s crucial to Ethereum’s $330B valuation. Buterin emphasizes sustainable decentralized apps and broader decentralization beyond finance.
MakerDAO introduces NewStable and NewGovToken to upgrade $DAI and $MKR. NewStable and DAI coexist with a 1:1 conversion rate, targeting different use cases. NewGovToken enhances community participation with a 1 MKR to 24,000 NGT exchange rate.
$MKR and $DAI tokens upgraded by MakerDAO. NewStable and NewGovToken launched for better utility and community engagement. NewStable focuses on mass adoption while DAI remains for crypto use. NewGovToken has a 1 MKR to 24,000 NGT exchange rate.
AAVE surges 9% after V3 launch on ZKsync Era Mainnet, boosting DeFi scalability, privacy, and security. Chainlink’s integration ensures reliable price feeds. Weekly gains surpass 29%, with trading volumes up 17%. #DeFi $AAVE $LINK @AaveAave @chainlink
Starknet to hold its first Mainnet vote for $STRK staking from Sept 9-13, 2024. A preliminary test vote will take place Sept 2-4. This initiative aims to enhance network decentralization and functionality. $STRK remains stable at $0.35.
Mantle rebrands its liquid staking protocol to mETH Protocol. With 500,000+ ETH staked since Nov 2023, $mETH is now the fourth-largest ETH liquid staking token. New assets $cmETH and $COOK introduced, positioning Mantle for growth in DeFi. #Ethereum
? Malicious Chrome Extension “Bull Checker” Drains $SOL DeFi Tokens! Jupiter Exchange reveals “Bull Checker” steals tokens from Solana users by appearing legitimate but transferring assets to a malicious wallet. Users urged to review browser extension permissions for security. #crypto #Solana #DeFi
Drift launches BET on the Solana blockchain, allowing users to stake over 30 cryptocurrencies like $USDC and $SOL while earning yield. BET features “structured bets” for hedging predictions and a rewards system called FUEL. #crypto #Solana
$USDT launches on @Aptos_Network, enabling cost-effective transactions and boosting DeFi activity. Aptos recently hit 326M daily transactions, showcasing its scalability and potential to revolutionize blockchain finance.
Grayscale launches MakerDAO Trust, boosting $MKR price by 5%. The new fund offers exposure to MakerDAO’s governance token, highlighting growing investor interest in DeFi. @Grayscale’s move signifies a shift towards decentralized finance. #CryptoNews #DeFi
De.Fi World 2024 in Bangkok on Nov 11 will gather 1000+ participants from 30+ countries, featuring top DeFi players and 200+ Web3 projects. VIP after-party access for DEFI token stakers. #DeFi
BTSE partners with Orderly Network to launch BTSE Dex 2.0, introducing cross-compatibility with EVM chains and over 50 perpetual futures. Nearly $1M in USDC token rewards available. $BTSE #DeFi
Zoth raises $4M to launch Tokenized Liquid Note, featuring U.S. Treasury Bills and corporate bonds. With over $100M originated and $200M in the pipeline, Zoth aims to digitize traditional assets on blockchain. Backed by Taisu Ventures and $G20. #Update
Lido launches Lido Institutional, a liquid staking solution for asset managers, custodians, and exchanges. With over $31B in crypto deposits, $LDO aims to solidify its lead in DeFi amidst new competitors. #Update #DeFi #Crypto
