DeFi

Flamingo Finance has published an open letter alleging that Neo Global Development and the Neo Foundation failed to deliver promised assets and operational support during the platform’s most…

To further provide DeFi traders and investors with an advanced user experience, Niza Ecosystem, a Web3 protocol that focuses on DeFi trading, staking, and cross-chain applications, today entered into…

While the turmoil in DeFi markets continues following the KelpDAO-related rsETH crisis, a new sign of recovery has emerged from Aave. Stani Kulechov, the founder of the protocol, stated in his…

Over $10 billion has exited Aave after the Kelp DAO exploit, but the capital hasn't all gone to one place. After the roughly $292 million exploit broke the cross-chain backing of rsETH, users have…

$SPK, the native governance asset of the Spark protocol, is up 1.21% during Tuesday’s U.S. market hours to currently trade at $0.027. The buying pressure followed a capital rotation to leading…

For all its talk of decentralized, autonomous, permissionless finance, the DeFi sector’s response to Saturday’s $290 million Kelp DAO hack tells a different story. The firms involved are playing a…

Aave, one of the largest decentralized lending platforms, effectively froze Tuesday after all its major lending protocols ran out of available funds, leaving users unable to withdraw billions of…

Decentralized Finance (DeFi) has faced numerous challenges over the years. However, each setback has made the space become stronger. Dragonfly Capital’s managing partner, Haseeb Qureshi, in a post on…

The Solana ecosystem suffers a liquidity crisis after the security breach at KelpDAO on April 20, draining $USDC reserves. Leading protocols such as Jupiter and Kamino report utilization levels near…

The same architectural openness that turned a forged cross-chain message at Kelp DAO's bridge into hundreds of millions of bad debt at Aave has in 48 hours produced its own antidote: A coalition of…