🪙 Chainlink Partnership With Circle Enhances Defi Ecosystem

The world of de­centralized finance (De­Fi) has received a significant boost. Chainlink, the­ leading decentralize­d oracle network, is rede­fining the industry by joining hands with Circle, the global finte­ch giant behind USDC and EURC, the popular stablecoins. This collaboration inte­nds to unlock the true­ potential of stablecoins for ente­rprise institutions and cre­ate a more secure­ and robust DeFi ecosystem.

Source

https://www.tgoop.com/DeFi_Ethereum

🪙 Uniswap Foundation postpones vote on incentives

The Uniswap Foundation — the organization overseeing the decentralized exchange Uniswap — has postponed May 31’s highly anticipated vote on UNI staking and delegation rewards. The foundation announced on X that it postponed the vote due to a concern raised by a stakeholder. This prompted a more thorough review and examination of the proposal, leading to a delay in the decision-making process.

Source

https://www.tgoop.com/DeFi_Ethereum

🪙 Uniswap Vote Delay Shows DeFi Stakeholders Aren't All in It Together

Uniswap Foundation announced it was delaying a key vote on whether to upgrade the protocol’s governance structure and fee mechanism to better reward holders of the UNI governance token. The nonprofit cited concerns from a “stakeholder,” thought to have been an equity investor in the organization behind the largest Ethereum-based decentralized exchange.

Source

https://www.tgoop.com/DeFi_Ethereum

💰 Solana rally continues on memecoin activity and DeFi; ether implied volatility outpace bitcoin's

Solana's continued price rise recently remains propelled by memecoin trading on its network, according to the founder of a decentralized exhange. "Memecoins have certainly become a significant driver of activity on Solana. Beyond speculation, this showcases Solana’s ability to handle high transaction volumes with low fees, making it the perfect environment for retail users." Frizza told The Block.

Source

https://www.tgoop.com/DeFi_Ethereum

🍣 DeFi and Bitcoin Merge with SushiSwap Rootstock Integration

SushiSwap, a decentralized exchange platform, has integrated with Rootstock, marking a significant milestone in decentralized finance (DeFi). This collaboration allows SushiSwap to expand its reach into the Bitcoin ecosystem, offering users advanced trading functionalities in a secure and decentralized environment. Rootstock, the first Ethereum Virtual Machine (EVM)-compatible Bitcoin sidechain, offers essential features.

Source

https://www.tgoop.com/DeFi_Ethereum

📊 2-year high: Nearly $200 billion cryptocurrencies invested in DeFi

The Decentralized Finance (DeFi) sector has witnessed a significant influx of capital, with numerous cryptocurrencies experiencing price increases as investors lock up value in various Web3 protocols. According to a report by blockchain analytics firm DappRadar, the total value locked (TVL) in DeFi applications soared to $192 billion in May, marking the highest level since February 2022.

Source

https://www.tgoop.com/DeFi_Ethereum

📊 DeFi Total Value Locked Blasts Off to $192,000,000, Records Best Performance in 15 Months: DappRadar

New data from market intelligence firm DappRadar reveals that the total value locked (TVL) within the decentralized finance (DeFi) sector has skyrocketed to the highest level in 15 months. In a new blog post, DappRadar notes that DeFi’s TVL has reached $192 billion, a 17% rise from the previous month and the best it has registered since February 2022. TVL refers to the amount of capital deposited within a protocol’s smart contracts and is often used to gauge the health of a crypto ecosystem.

Source

https://www.tgoop.com/DeFi_Ethereum

🪙 Uniswap Labs hires ex-Coinbase executive as chief legal officer

Uniswap Labs has hired ex-Coinbase legal executive Katherine Minarik as its new chief legal officer as the company is likely to face a legal battle with federal regulators in the U.S. The new CLO assumed the top legal post at the startup behind Uniswap on Monday, according to her post on X. Her appointment comes just two months after the Securities and Exchange Commission signaled it may take legal action against Uniswap Labs for allegedly violating federal securities laws.

Source

https://www.tgoop.com/DeFi_Ethereum

💰 DeFi Technologies to stake $100 million in BTC on Core Chain

DeFi Technologies, a publicly listed Canadian fintech firm, is set to stake over $100 million worth of BTC on Core Chain. According to the company’s June 11 announcement, 1,498 BTC will be staked on the network. The company also revealed that it has set up a Core Chain validator node, which allows it to operate as an independent validator on the network.

Source

https://www.tgoop.com/DeFi_Ethereum

🍰 PancakeSwap integrates Zyfi for gas-free DeFi trading

PancakeSwap has enhanced its user experience by introducing gas-free transactions through its recent integration with Zyfi on zkSync Era. Following the integration, users of the decentralized exchange (DEX) will be able to benefit from gasless transactions on certain token pairs that will get transaction fees sponsored by PancakeSwap, zkSync or other decentralized finance (DeFi) protocols.

Source

https://www.tgoop.com/DeFi_Ethereum

💰 DeFi Technologies to Launch Validator Node and Stake $100M in BTC

Toronto-based digital asset company DeFi Technologies is set to launch a validator node on Core Chain and stake nearly $100 million in Bitcoin (BTC). Through its subsidiary Valour, DeFi Technologies will not only validate transactions but also receive staking rewards for its participation, the firm said in a Tuesday press release. “This approach offers our investors unique exposure to yield and growth within the digital asset space.”.

Source

https://www.tgoop.com/DeFi_Ethereum

🪙 Ethereum (ETH) Staking Surges $1.8 Billion as DeFi Investors Anticipate ETF Inflows

Ethereum price reached an Q2 2024 peak of $3,974 on May 27 after the US SEC approved spot ETH ETFs, however recent staking trends show that investors are anticipation more bullish action within the broader DeFi markets. Since the approval of Ethereum ETFs, ETH price action has been choppy, thanks to uncertain macro economic landscape. But looking under the hood, there has been a positive shift in ETH 2.0 Beacon Chain staking activities.

Source

https://www.tgoop.com/DeFi_Ethereum

⚪️ DeFi Giant Curve Roiled as Founder's Loans Get Liquidated; CRV Slides 30%

Lending protocol Curve's CRV token plunged Thursday as loans tied to company founder Michael Egorov automatically liquidated, leading to a burst of selling. Data tracked by blockchain analytics firms Lookonchain and Arkham show Egorov's addresses have taken out a cumulative loan of nearly $100 million worth of stablecoins, mostly crvUSD, against $140 million in CRV collateral.

Source

https://www.tgoop.com/DeFi_Ethereum

⚪️ DeFi Heavyweight Curve Focused on Becoming ‘Safest’ Lending Platform, Founder Says

The exploit of UwU Lend on Monday put in motion a series of events that led to Thursday’s multimillion liquidations on DeFi lending giant Curve, representatives for its founder Michael Egorov told CoinDesk over Telegram messages on Friday. Egorov’s $100 million in loans taken from various protocols using Curve’s CRV tokens started to automatically liquidate on Thursday, sending the token down as much as 30% before it briefly recovered.

Source

https://www.tgoop.com/DeFi_Ethereum

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