Category: DeFi & DApps
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Aave DAO activates on-chain slashing mechanism with ‘Umbrella’ launch
Aave DAO launched Umbrella, an on-chain staking system replacing the Safety Module. It uses aTokens for automated coverage of bad debt, enabling instant slashing without governance votes for faster protocol protection.
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AI solidifying role in Web3, challenging DeFi and gaming: DappRadar
AI-powered decentralized applications are growing rapidly, challenging DeFi and gaming dominance in Web3, with 4.8 million daily active wallets in May, a 23% increase, according to DappRadar.
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Maple Finance expands to Solana, deploys yield-bearing stablecoin
Maple Finance expands to Solana, deploying its yield-bearing stablecoin syrupUSD with $30M liquidity. The move aims to reach more users via Solana’s high-speed ecosystem, leveraging Chainlink’s CCIP for cross-chain functionality.
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Hyperliquid-based Felix Protocol Crosses $100 Million in Outstanding Loans – “The Defiant”
Felix Protocol on Hyperliquid surpasses $100M in loans, with $265M TVL, driven by HyperEVM’s growth and user incentives like its points program and versatile lending options.
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How $220M was stolen in minutes: Understanding the Cetus DEX exploit on Sui
The Cetus DEX exploit on Sui drained $220M due to a math library bug. The May 2025 hack, one of DeFi’s largest, caused a 15% SUI token drop.
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Crypto Self Custody Is the Future, and People Say Best Wallet Leads the Way
The article discusses the shift towards self-custody crypto wallets like Best Wallet, emphasizing security and control over convenience offered by centralized exchanges like Coinbase.
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Pixels and Sleepagotchi Brings $PIXEL Staking to Telegram
Pixels integrates $PIXEL token staking with Telegram game Sleepagotchi LITE, enabling players to stake, earn, and spend tokens in-game, launching June 8 with new features.
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Aave’s USDT liquidity takes a hit after Justin Sun-linked HTX’s $570 million withdrawal
Aave’s USDT liquidity dropped below $100M after a Justin Sun-linked HTX wallet withdrew $570M, causing rate spikes and market shifts, though Aave remains dominant in DeFi lending.
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Coinbase Rolls out Wrapped XRP and Dogecoin on Base for DeFi Access – Bitcoin News
Coinbase introduces wrapped XRP and Dogecoin on Base, enabling DeFi access for these assets on its L2 blockchain, expanding utility for traders.
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Curve Founder Warns of ‘For-Hire’ Hackers Coordinating Cross-Platform Attacks – Decrypt
Curve Finance founder warns of coordinated ‘for-hire’ hacker attacks targeting DeFi platforms, citing a recent DNS breach. CertiK reports $229M lost to code vulnerabilities in May, highlighting crypto’s irreversible transaction risks.
