DeFi
Researchers at Kaiko said it was unclear why traders have been swapping out of USDT without a clear bearish catalyst.
Business
The U.S. dollar-pegged stablecoin will be issued by Paxos Trust and backed by dollar deposits, short-term Treasury bills and similar assets.
The decentralized exchange has frozen its smart contract as the team works to investigate the cause of the exploit.
The proposed capital injection would fund partial creditor recoveries and leave OPNX with a 75% stake in the troubled crypto lender.
Virtual Private Network users appear to be barred from accessing the DAI lending market just as an 8% enhanced savings rate for the stablecoin took effect.
Executives from Huobi have denied reports that executives from the crypto exchange are the subject of an investigation.
The DeFi protocol opened the bounty to the public after the deadline for the hacker to return stolen funds passed.
Frax founder Sam Kazemian’s calls for more autonomous DeFi protocols underscore the need for innovation and security in the ecosystem.
The mysterious creator of the BALD token looks more like a regular DeFi degen than the former FTX CEO Sam Bankman-Fried.
Tech
Polygon Zero accused the developers of rival Ethereum Layer 2 scaling solution zkSync of copying code from its Plonky2 library without proper attribution.
