Global crypto exchange OKEx launches DeFi hub and NFT marketplace
A DeFi Hub and a marketplace for the creation and sale of non-financial tokens (NFTs) are being launched by OKEx to broaden its decentralized finance footprint. Introducing the DeFi Hub, a decentralized digital asset ecosystem that includes a marketplace for nonfungible tokens, global cryptocurrency exchange OKEx is stepping up its efforts in decentralized finance (DeFi) […]
DeFi Protocol from Kyber Network is now available on Binance Smart Chain
Kyber Network’s multi-chain technology, which was previously introduced on Ethereum and Polygon, is now available on Binance Smart Chain. Kyber Network , a liquidity platform for decentralized finance (DeFi), has launched its KyberDMM protocol on Binance Smart Chain (BSC). DeFi is a common moniker for a set of blockchain protocols designed to deliver financial products […]
Evrynet’s raise $7M for its forthcoming DeFi app
The market for decentralized finance is continuing to grow at an alarming rate, because of the more than $155 billion in total value that has been locked in, DeFi is becoming more appealing to large institutional investors. Evrynet, a financial services platform , has completed a $7 million fundraising campaign for their upcoming decentralized finance […]
Cream Finance aims to repay users affected by recent hack
Cream Finance, a decentralized finance (DeFi) protocol, will reimburse its users after an $18.8 million flash loan hack on Aug. 30. The DeFi protocol has identified the AMP integration error that caused the loss. Cream has released a post-mortem on the AMP flash loan hack , offering to replace the stolen Ether (ETH) and Amp […]
Several leading DeFi projects launch a $100 million worldwide adoption initiative
The DeFi program, which is based on the Celo ecosystem, was launched in response to the lack of inclusion and accessibility in the traditional financial markets, which it recognized. A consortium of major decentralized finance (DeFi) protocols today launched a joint $100 million financial inclusion endeavor named “DeFi for the People.” The initiative is the […]