Stay current with the latest news, analysis, and trends in Decentralized Finance (DeFi). Explore the world of DeFi protocols and innovation.
DeFi
Cork Protocol, a relatively new player in the decentralized finance (DeFi) space, has temporarily paused all smart contracts following a security breach that resulted in the loss of approximately $12 million in crypto assets. The exploit, which targeted wrapped staked Ethereum (wstETH), allowed an attacker to siphon off about 3,
DeFi
Alpaca Finance, a once-popular decentralized finance (DeFi) protocol known for offering leveraged yield farming, announced it will be shutting down all operations in the coming weeks. The decision follows the recent delisting of its native ALPACA token by major cryptocurrency exchange Binance. In a public statement shared Monday on X
DeFi
A post-mortem investigation into the massive $223 million hack of the Cetus Protocol has revealed a critical overflow bug at the heart of the exploit. According to blockchain security firm Dedaub, the flaw stemmed from a vulnerability in Cetus’s automated market maker (AMM) logic that allowed an attacker to
DeFi
A proposed $27 million merger between decentralized finance (DeFi) platforms Synthetix and Derive has been officially called off. The decision comes after critical community feedback and internal reassessments led both parties to mutually withdraw the acquisition proposals. Initially announced in mid-May, the deal outlined a plan for Synthetix to acquire
DeFi
In a move to bolster compliance and user verification across decentralized finance, the Solana Foundation has introduced the Solana Attestation Service (SAS)—a decentralized identity layer aimed at streamlining Know Your Customer (KYC) processes without compromising user privacy. Announced on May 23, SAS enables applications to validate off-chain data—such
DeFi
Leaders of World Liberty Financial and Binance pushed back hard on Friday against a news report alleging that Binance founder Changpeng Zhao acted as a behind-the-scenes facilitator for a decentralized finance (DeFi) project associated with former U.S. President Donald Trump. The Wall Street Journal report claimed Zhao—known widely
DeFi
The Uniswap Foundation has published its Q1 2025 financial report, showcasing a robust asset base of approximately $95 million and reaffirming its leadership within the decentralized finance (DeFi) space. However, the organization now faces fresh legal pressure from Bancor, which has filed a patent infringement lawsuit—marking a new chapter
DeFi
Solana-based meme coin platform Believe has reversed a major policy change just hours after introducing it, following strong community pushback. The move has sparked renewed discussion around how to balance decentralization, project quality, and fair access in the rapidly growing meme coin space. A Sudden Shift in Listing Strategy On
DeFi
OnRe, a blockchain-powered reinsurance platform, has launched its first native token, ONe, in partnership with Ethena Labs, Solana Ventures, and venture capital firm RockawayX. The move aims to open the doors of the $750 billion global reinsurance market to DeFi participants, providing users with real-world yield opportunities backed by event-driven
DeFi
Coinshift’s yield-bearing stablecoin csUSDL has officially crossed the $100 million mark in total value locked (TVL), just four months after its launch in January. The rapid growth highlights the increasing appetite for stablecoins that not only maintain a peg to the U.S. dollar but also provide passive income
DeFi
Ethereum’s latest network upgrade, Pectra, is already reshaping how users interact with the blockchain. Within just one week of its rollout around May 6, more than 11,000 authorizations tied to EIP-7702 have been recorded on-chain—signaling a strong start for the upgrade’s most user-focused innovation. EIP-7702 introduces
DeFi
The Ethereum ecosystem may be on the cusp of a major shift as experts forecast that the Strategic Ethereum Reserve (SER) could exceed 10 million ETH by May 2026—a staggering 1,166% increase from current holdings. This anticipated growth reflects rising institutional confidence in Ethereum as a long-term store