Category: DeFi Digest
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EulerSwap: Uniswap V4-Powered DEX Joins Crypto Lending Race with Cantor, Strike
EulerSwap, a new Uniswap V4-powered DEX, enters the crypto lending market, offering diverse asset-backed loans and trading. It competes with Cantor and Stripe amid a 157% surge in lending volume.
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Chainlink oracle ‘malfunction’ sparks $500k in DeFi liquidations, reignites reliability debate
A Chainlink oracle malfunction caused $500k in DeFi liquidations after misreporting deUSD’s price, sparking debate on oracle reliability and protocol risk management practices.
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Liquidium debuts cross-chain lending to unlock over $4 billion in idle Bitcoin in DeFi
Liquidium introduces cross-chain lending for Bitcoin, Ethereum, and Solana, enabling users to borrow assets across chains without bridges. The platform aims to unlock $4.3B in idle Bitcoin in DeFi.
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Hyperliquid Dominates DEX Market Despite $100M Loss
Hyperliquid DEX dominates the market despite a $100M loss, showcasing resilience with $1.46B TVL and 75% HYPE gains. Coinbase will list HYPE-PERP futures on June 5.
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PancakeSwap Records $138 Billion in Monthly Volume, Surpasses Uniswap – “The Defiant”
PancakeSwap surpasses Uniswap with $138 billion in monthly volume, driven by upgrades and increased activity, including a $3M EOS purchase by World Liberty Financial.
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Sui Community Launches Vote on Recovering $162,000,000 in Stolen Crypto From Hacker – The Daily Hodl
The Sui community is voting to recover $162 million in stolen crypto from a hacker who exploited Cetus Protocol. The proposal requires 50% validator stake approval, with 71% already voting yes.
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Midas launches tokenized T-Bill on Algorand
Midas launched a tokenized US Treasury bill on Algorand, enabling European investors to access yield-bearing bonds with no minimum investment. The mTBILL offers 4.06% yield and lower entry barriers than competitors like BlackRock’s BUIDL.
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Jack Mallers Announced A New System Of Bitcoin Backed Loans At Strike
Strike CEO Jack Mallers announced Bitcoin-backed loans at 9-13% interest rates, criticizing traditional banks’ high rates and advocating Bitcoin as a stable, sovereign asset.
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Ethereum Foundation Moves Deeper Into DeFi with $2 Million GHO Loan – “The Defiant”
The Ethereum Foundation borrowed $2 million in GHO stablecoin from Aave, signaling a shift toward DeFi borrowing over ETH sales for operational funding. This move follows criticism of its ETH liquidation strategy.
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Ethereum Foundation embraces DeFi borrowing $2M in stablecoins on Aave using ETH collateral
The Ethereum Foundation borrowed $2M in GHO stablecoins using wETH as collateral on Aave, showcasing DeFi’s utility and avoiding ETH sales for liquidity.
