Money market systems are fundamental to DeFi and Venus Protocol is no different. It is built on BNB Chain and allows users to lend, borrow and mint stablecoins to use as they see fit. In this way, it is similar to the Maker and Compound protocols that are so key…

Hello Farmers! We are extremely happy to share this month’s early April development update. These days, we’ve been working hard on rolling out some of the greatest and newest features for our DeFi community. Let’s keep the good DeFi vibes rolling in! 💙 💻 Investing Dashboard So many exciting new protocol integrations are…

Bored Ape Yacht Club (BAYC), a collection of Ethereum-based non-fungible tokens became a victim of their Instagram account hack: Carga.eth, BAYC Co-founder, stated that — “The security practices surrounding the IG account were tight on Yuga’s end. Nothing important will ever get posted on Instagram again.” However, the fact…

Beanstalk, a decentralized credit-based algorithmic stablecoin protocol that is built on Ethereum became a victim of flash loan which was further used to exploit a governance proposal and drain funds from the pools. Beanstalk incident places the 4th position on the Rekt Database after Ronin, Poly Network, and Wormhole cases.

Elephant Money, a stable coin platform that uses the TRUNK token became a victim of the flash loan attack, which manipulated a token price oracle leading to a loss of $22.2 million: In the official post-mortem, Elephant Money stated a loss of $11.2m, not taking into account that 30,414…

DeFi is evolving. Once just another interesting corner of crypto, it took off in extraordinary style during the DeFi summer of 2020. Since then, it has moved gradually into the background, as new trends like the Metaverse, Play-to-Earn gaming and Web3 more generally have captured the spotlight. However, no-one should…

How is your Q2 going? It’s already the middle of spring! We’re happy to see you made it so far with us — and we’re excited to commit that we are only going further with all our updates and plans. As promised, Q2 is going to be amazing for the…

Hi Farmers! These days have been really long for us as we’ve been releasing all the updates we’d announced earlier 😄 Besides all the updates listed in this article, we’re going to share some sneak-peeks. Let’s dive into it! Be the first one to know about our updates & get…

Ronin Network, an Ethereum sidechain that was created specifically for the needs of the blockchain game Axie Infinity suffered an approximate $615,500,000 loss due to the hack. The story tells that the case has a root-associated Sky Mavis. Sky Mavis is the developer of the Axie Infinity game and…