Cross-chain Orbit Bridge Hit by $82M New Year Hack
It appears that a $81.7 million breach of the bridging service of Orbit Chain was the first of the year’s cyberattacks. Reportedly, just three hours before the new year’s festivities, Orbit Bridge, the bridging service of the cross-chain protocol Orbit Chain, was compromised for $82 million. Pseudonymous Twitter user Kgjr alerted readers to the potential […]
A Deep Dive into Yield Strategies for DeFi Lenders
In Decentralized Finance (DeFi), navigating the intricacies of yield strategies has become essential for participants seeking to optimize returns on their crypto assets. At its core, a yield strategy in the context of DeFi lending refers to the deliberate approach taken by users to generate passive income from their deposited funds. This comprehensive article will […]
PancakeSwap Plans 300M CAKE Token Supply
The $300 million token reduction, valued at $1.074.074 billion, will go into effect on January 4, 2024, if approved. The maximal supply of the ecosystem token CAKE, created by the decentralized exchange (DEX) PancakeSwap developers, is intended to be reduced from 750 million to 450 million. The current market value of CAKE tokens is $3.58 […]
Collateralized Debt Positions (CDPs) in DeFi Explained
Collateralized Debt Positions (CDPs) play an important role in the decentralized finance (DeFi) ecosystem, by offering users a way to generate liquidity and access decentralized loans. Understanding the mechanics of CDPs is crucial for anyone navigating the complex landscape of decentralized finance. Let’s delve into the intricacies of CDPs and their significance within the DeFi […]
Survey: Crypto Job Compensation Favors Equity
A mere 50% of the employees surveyed were granted equity, as opposed to the below 40% who were granted tokens, as indicated by the survey. Recent recruits in the cryptocurrency industry are more likely to receive equity than tokens, according to a survey by Variant and Union Square Ventures. The two cryptocurrency firms surveyed companies […]