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Showing posts with the label defi news

Forward Protocol integrates with Iotex

Forward Protocol integrates with Iotex the Web3 infrastructure platform connecting smart devices and real-world data to blockchains. Forward , the blockchain adoption toolkit that allows users to create and deploy customizable no-code dApp templates using drag-and-drop commands from its front-end interface, takes a huge leap in its mission to connect users to the Web3 space through a strategic chain integration arrangement with  IoTeX. Iotex and Forward Integration The Forward and IoTeX chain   integration agreement provides a bridge for Web3 users to create, customize, and deploy dApps and smart contract templates from Forward’s Marketplace (Forward Factory) to IoTeX’s platform to unlock the data and interconnected Features of the Web3 space without having to build their infrastructure from scratch. Their partnership with IoTeX aims to connect the Web3 space with real-world data using the no-code, user-friendly interface of Forward Factory. It allows blockchain users at all levels of...

Utopia is live on Optimism a layer 2 Ethereum blockchain that is known to be lightning-fast and low-cost. It is building through the organization’s four pillars: simplicity, pragmatism, sustainability, and optimism.

Optimism is built by the Optimism Foundation, a nonprofit organization dedicates to growing the Optimism Collective (a new model for properly rewarding those who create or sustain public goods ). Furthermore, the Optimism community is one of the most dedicated builders focused on impact and growth. With over 1M dollars donated to public goods . They are also supporting Optimism DAOs and look forward to advancing toward the sustainability of public goods . OPTIMISM FEATURES Simplicity – to build with a minimum number of moving parts, optimizing for low overhead cost while focusing on a secure, as well as scalable, and flexible L2 system. Pragmatism – to be aware of real-world constraints and prioritize user and developer needs. Sustainability – to strive for long-term sustainability and scalability. Optimism – to work with continued optimism about the Ethereum vision and project. Optimism enabling through an “Optimismtic Rollup,” a blockchain that piggybacks off of the secur...

Lossless saved 78M of $AAG tokens when Harmony Protocol’s Horizon Bridge was hacked. The newest of the hacks in the crypto space — Harmony’s Horizon Bridge hack — resulted in a loss of $100 million when a hacker exploited a vulnerability. 

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The stolen currencies are Frax (FRAX), Wrapped Ether (wETH), Aave (AAVE), SushiSwap (SUSHI), Frax Share (FXS), AAG (AAG), Binance USD (BUSD), Dai (DAI), Tether (USDT), Wrapped BTC (wBTC) and USD Coin (USDC). As it was already announced, one of the harmed tokens belongs to our partners — AAG Ventures. A total of  84,620,000 $AAG tokens  were stolen through the Horizon Bridge. On June 23rd, starting at about 11:08 AM UTC until 11:26 AM UTC , transactions were made  from the bridge for various tokens, one of them being for the $AAG cryptocurrency. Hacking Incident Details The hacker was able to cash out around 6M of the stolen $AAG. Then he leaves his wallet with the remaining 78M. On June 24th, at 5:35 AM UTC, the malicious transaction was reported as a hack on the Lossless protocol platform  and the 78M $AAG tokens were effectively frozen for a period of 24 hours. You can see the  report details here. Decision-Making Body In the period of 24 hours the Decision-Making Body, comp...

CLV exclusive NFT party with Champ Medici, Polygon Studios, Bixin Ventures, Kucoin Ventures, Klaytn and other reputable crypto brands this Sunday, June 19, in New York.

This event is an exclusive VIP kickoff party to NFT NYC, and it will feature special appearances of reputable crypto icons and key announcements from different brands. About CLV CLV is an omnichain infrastructure platform made ready for scaling in multi-chain universe while elevating metaverse experience. CLV Features a substrate-based CLV Blockchain that is EVM-compatible and cross-chain interoperable, and also a CLV Wallet that provides universal access to all major chains and dApps. About Champ Medici Champ Medici is Cordell Broadus, the second son of the famous Snoop Dogg. Before the emergence of NFT, Web 3.0, and metaverse, he was a talented footballer. At 25, Champ Medici is a renowned crypto entrepreneur and investor. He is responsible for Snoop’s NFTs and Web3.0 endeavors and has built a massive portfolio of NFTs and investments. About Polygon Studios Polygon Studios is the Gaming and the NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT industr...

Palmare partners with BurgerCities, that is “evolved” from Burgerswap, a DeFi product that was already available on BNB Chain.

It integrates DeFi and NFT into a larger metaverse scene to produce a uniform and standardized Web3 behavioral metaverse universe. BurgerCities aims to create a unified and standardized metaverse world of Web3 via integrating DeFi, NFT to the wider Metaverse. In this world, users could carry out daily events such as social, gaming, etc. Meanwhile, they could experience DeFi and NFT functions with their own avatars such as trading, staking, NFT exhibitions or gamefi, etc. BurgerCities hopes to contribute fresh energy to the booming in the metaverse and brings new vigor and vitality into Web3 applications such as DeFi and NFT. About Palmare The introduction of the Move to Earn app has redefined the fitness industry. Based on this success, we decided to make the Palmare app based on researching and optimizing the Earning system and bringing a new experience to the sports community . Palmare is a Community-driven Web3 Sports App with an inbuilt SocialFi and SportFi element . In Palma...

Spin partners with Axelar to enable cross-chain trading on NEAR Protocol. Axelar is a universal overlay network delivering secure cross-chain communication for Web3 users that supports different EVM-compatible blockchains including Aurora. 

The partnership of the two Web3 projects will simplify user access for DeFi from various chains to the wide variety of instruments offered on Spin including  spot  and  perpetual trading , decentralized option vaults, and other types of derivatives and investment products. The upcoming integration of Spin and Axelar will allow users from EVM blockchains to trade on Spin without the actual need to create a wallet and transfer funds to NEAR Protocol. How will the Spin and Axelar integration work? You simply click deposit and insert the amount of USDC you want to deposit. Axelar receives the deposit and locks it on Ethereum, after that, passes a message to mint the equal amount of axlUSDC on Aurora. The second message is sent via the Rainbow Bridge to Spin to confirm that the ERC-20 USDC has been locked. Your balance is topped up by the necessary amount of NEAR Protocol’s USDC and you can start trading. If the user’s balance on Spin increases after a few successful trades, they...

Metawork partners with KardiaChain the first decentralized interoperable and self-optimized blockchain infrastructure, and Metawork are establishing the partnership to support each other in boosting marketing efforts and blockchain networking.

Metawork and KardiaChain aspire to create numerous job opportunities in the market and together acquire more end-users to blockchain projects with innovative solutions in cognitive collaboration with a shared set of goals. The future holds many opportunities for both Metawork and Kardiachain to collaborate and bring the affiliate platform to the next level. KardiaChain is an EVM compatible, layer 1 solution which specializes in providing seamless interoperability across chains. This is possible because of Dual Node and elastic sharding infrastructure. The ultimate goal of KardiaChain is to create a unified ecosystem where developers can easily create smart contracts that can run on multiple blockchains to optimize costs, avoid congestion, and allow communication with smart contracts on other chains in a trustless and secure manner. KardiaChain Use Cases Launch your NFT Marketplace Create your Crypto Token Deploy a Decentralized App Build your Blockchain Game KAI is the prim...

Fuse Network and Chainstack integration were announced recently. The Chainstack blockchain node infrastructure platform has now been deployed to Fuse Network.

This makes available reliable elastic Fuse nodes and a free public RPC endpoint for the Fuse community.  Application builders on Fuse can now choose from four subscription plans for launching and managing Fuse nodes for their apps. One of the most important problems blockchain platforms must solve is to enable mass adoption. Making it easy for developers to connect to the blockchain and start building applications on top of it without having to focus on those aspects too much. Freeing developers from focusing on nodes Chainstack is a leading web3 infrastructure-as-a-service provider bolstering access to blockchain platforms . The enterprise-grade platform supports 18 public blockchains, which, in addition to Fuse Network. These blockchains include Ethereum, Bitcoin, BNB Chain, Polygon, Fantom, Near, and Avalanche. The core product provided by Chainstack is  highly performant enterprise-grade full nodes  on the supported blockchains. Developers building blockchain apps can leverag...

Docomo Partners With Astar

Docomo partners with Astar to promote Web3. Based on the basic agreement, the two companies will launch a project to solve social issues utilizing the concept of the decentralized autonomous organization (DAO), which is one of the features of Web3.  The two companies will work together to formulate solutions using Web3 technology to various issues facing modern society, such as regional development and addressing environmental problems. Web3 is a next-generation web that utilizes blockchain technology and incorporates mechanisms such as “decentralization” and “token economy”. The expansion of Web3 is expected to solve issues and create economic blocs. That has been difficult to realize using conventional economic principles alone. On the other hand, Web3 is still in its early stages of technological development, and issues such as lack of awareness, difficulty in understanding how to use it, and lack of a secure environment for its use are also becoming apparent. By combining DOCOMO’s ...

Spookyswap integrates with dTWAP

Spookyswap integrates with dTWAP powered by Orbs Network. SpookySwap, the largest DEX by TVL on the Fantom blockchain has completed its integration with dTWAP, developed by the Orbs team and powered by the Orbs network.  The integration comes after completing the process on SpiritSwap and Pangolin DEX, as it continues to see new DEXs adopt the dTWAP standard. dTWAP is a fully decentralized, permissionless, and composable DeFi protocol developed by the Orbs team and powered by the Orbs network. Traders utilizing the DEX will now have access to the sophisticated order type, dTWAP. Integration Highlights The integration highlights the close collaboration between the Orbs team and SpookySwap and displays a working relationship that other projects can look to model to adopt the standard quickly. The Spooky team did most of the integration work, including their custom front end, with minimal help from Orbs developers. This was possible due to the smart contract audits (1,2) and the high-leve...