Kujira to Set up DAO to Handle Liquidity, Security Issues
DeFi platform Kujira aims to establish a DAO to tackle substantial obstacles following the deployment of operational funds and enhance liquidity and activity within the ecosystem. Market destabilization and rapid sell-offs resulted from “exploits, socially engineered attacks, and fallouts within the ecosystem” in response to this initiative. The Kujira team has announced that it will […]
The Concern of Impermanent Loss for Liquidity Providers in DeFi
In DeFi, users can supply assets to liquidity pools in exchange for rewards, but they face risks, like the concern of Impermanent loss in DeFi. Decentralized Finance is revolutionizing the financial landscape by allowing participants to engage in various financial activities without relying on traditional intermediaries. This article will discuss impermanent loss in DeFi and […]
India’s BWA Enhances Cybersecurity after WazirX Hack
India’s Bharat Web3 Association (BWA) is doubling its efforts to enhance cybersecurity and consumer protection in the crypto sector after the $230 million WazirX hack. According to local media, Dilip Chenoy, the chairman of the BWA, has established two new internal groups designed to investigate the most recent security breach and resolve these issues. Task […]
Sky Mavis Co-founder Provides Breakdown for Ronin User Surge
Sky Mavis co-founder Jeffrey Zirlin breaks down the reasons for gaming-focused network Ronin’s surge, highlighting how Web3 gaming continues to flourish. The Ronin network recorded two million daily active users (DAU) on July 29. This propelled Ronin to the top of the day’s metrics, surpassing other active networks such as Tron and Solana, which had […]
Ondo Finance USDY Stablecoin Launches on Aptos Blockchain
The Aptos Foundation announced the introduction of Ondo Finance’s yield-bearing stablecoin, Ondo US Dollar Yield (USDY), on the Aptos blockchain. USDY, an instrument guaranteed by United States Treasurys, will be accessible to non-US residents via the Aptos blockchain, as per the Aptos Foundation. Digital asset registration under the Securities Act in the United States has […]