Hong Kong Eyes DeFi, Metaverse for Fintech Expansion
Hong Kong’s government research has identified decentralized finance (DeFi) and metaverse technologies as potential for expansion in the global fintech sector. On June 25, the Hong Kong Institute for Monetary and Financial Research (HKIMR), the Hong Kong Academy of Finance (AoF) research branch, published two reports that each comprehensively analyzed the financial sector’s implications related […]
MakerDAO Delegate Loses $11M in Tokens to Phishing Scam
After signing several phishing signatures, the user fell victim of the scam and lost their digital assets. A MakerDAO governance delegate lost $11 million in Aave Ethereum (aEthMK) and Pendle USDe tokens as a result of several phishing signatures. However, in the early hours of June 23, the Scam Sniffer identified the incident. The user fell […]
From Vaults to Strategies:Yield Farming in DeFi Asset Management
Assess the intricacies of yield farming, its role in DeFi asset management, and the strategies investors can employ to optimize returns. Yield farming in DeFi asset management has become an increasingly popular strategy among investors seeking higher returns in decentralized finance. By leveraging various protocols and techniques, yield farmers can earn passive income by providing […]
Space and Time Launches Sub-Second ZK Prover, Proof of SQL
A new high-performance ZK prover has been released by California-based crypto business Space and Time to boost defi growth and on-chain transactions. A custom-built compute layer called Space and Time (SxT) made its sub-second zero-knowledge (ZK) prover stack, known as Proof of SQL, publicly available. A small number of SxT clients were first given access […]
Jellyverse Launches DeFi 3.0 Tools on Sei Blockchain
The DeFi platform Jellyverse, which serves as Balancer’s sole partner on the Sei blockchain, has launched a new decentralized exchange (DEX) to encourage further growth in the DeFi sector. The Jellyverse team unveiled the new ecosystem on Monday through a press release that was obtained. Three features have been announced: JellySwap, a DEX protocol; JellyStake, […]