Ethereum as a Layer-2 Solution for Solana: A Bold Proposal
Solana Labs’ co-founder Anatoly Yakovenko suggests using Ethereum as a layer-2 protocol for the Solana blockchain. This idea would combine the strengths of two leading platforms and create new opportunities for the DeFi ecosystem. Yakovenko believes Ethereum has untapped potential as an L2 protocol for Solana beyond its initial role as a smart contract platform. […]
Uniswap V3 to Launch on FVM After Community Vote
The Uniswap community unanimously approves a proposal to deploy Uniswap V3, a leading decentralized exchange protocol, on the Filecoin Virtual Machine, a programmable environment built on the Filecoin network. The Uniswap community is ecstatic as they conduct a temperature check vote in favor of the proposal to deploy Uniswap V3 to the Filecoin Virtual Machine […]
Sturdy Finance loses $800K In Oracle Attack
Sturdy Finance, a decentralized lending platform, lost $800,000 in a security breach on Saturday. An unidentified hacker exploited a reentrancy vulnerability and manipulated a faulty price oracle to drain funds from the Protocol. Sturdy Finance, a decentralized lending platform, suffered a major security breach on Saturday, losing 442 ether (ETH), worth about $800,000 at the […]
Circle to Integrate Native USDC on Arbitrum Blockchain
Circle will introduce USDC natively on the Arbitrum blockchain. This step is expected to enhance transaction speed and affordability, fostering innovation in the DeFi ecosystem. In a recent announcement, Circle revealed plans to natively launch the US Dollar Coin (USDC) official version on the Arbitrum network. This move is part of a strategic collaboration with […]
Strike App Integrates Tether Stablecoin for Seamless Transactions
Strike has integrated Tether (USDT) , the world’s largest stablecoin, into its platform. This allows users to easily and efficiently transact and store their digital assets. Strike, a leading global money app, has announced an innovative partnership with Tether (USDT). This collaboration marks a major milestone in the widespread adoption of cryptocurrencies as a medium […]