Summary: Lido Finance has surpassed Curve finance to become the largest DeFi protocol in terms of total value lockedApproximately $19.1 billion is locked on Lido Finance compared to Curve’s $19 billionLido Finance is available on the blockchain networks of Ethereum, Solana, Terra, Kusama, and Polygon. Earlier today, Lido Finance became the largest DeFi protocol in terms of … [Read more...] about Lido Finance with $19.1B in TVL, Edges out Curve as the Largest DeFi Protocol
Finance
Decentralized and traditional finance tried to destroy each other but failed
The year 2022 is here, and banks and the traditional banking system remain alive despite decades of threatening predictions made by crypto enthusiasts. The only endgame that happened— a new Ethereum 2.0 roadmap that Vitalik Buterin posted at the end of last year. Even though with this roadmap the crypto industry would change for the better, 2021 showed us that crypto didn't … [Read more...] about Decentralized and traditional finance tried to destroy each other but failed
Visa Partners With ConsenSys to Help Bridge CBDCs With Traditional Finance
Payments giant Visa has teamed up with Ethereum scaling firm ConsenSys to help central bank digital currency (CBDC) networks bridge the gap with traditional financial institutions.Customers will eventually be able to use their CBDC-linked Visa card or digital wallet anywhere that Visa is accepted globally, Catherine Gu, Visa’s head of CBDC, said in a blog post Q&A with … [Read more...] about Visa Partners With ConsenSys to Help Bridge CBDCs With Traditional Finance
Certik identifies Arbix Finance as a rug pull, warns users to steer clear
BSC-based yield farming protocol Arbix Finance was identified by blockchain security company Certik as a rug pull. According to the firm’s incident analysis, there were several reasons why the project was flagged. The security firm cites that the ARBX contract has mint() with onlyOwner function, 10 million ARBX tokens were minted to 8 addresses, and 4.5 million ARBX were minted … [Read more...] about Certik identifies Arbix Finance as a rug pull, warns users to steer clear
Polkadot Gets DeFi Building Block as DEX Aggregator Dot Finance Migrates From BSC
Dot Finance automates and maximizes rewards for its users and helps them earn fees from other DeFi services, such as lending, trading, and borrowing. Similar to other DeFi applications, Dot Finance uses smart contracts instead of third parties to provide financial services to users, such as lending, trading, and borrowing. Source link … [Read more...] about Polkadot Gets DeFi Building Block as DEX Aggregator Dot Finance Migrates From BSC