DeFi Sparks New Investment Despite Market Turmoil: Finance Redefined
The last week of November remained eventful for the crypto market as the majority of DeFi tokens struggled with market volatility.
Newsletter
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) news – a newsletter designed to bring you significant developments over the past week.
The prolonged crypto winter, aided by the collapse of FTX, has prevented investors from backing a new protocol that merges DeFi and the forex market. A new DeFi protocol based on the Cosmos blockchain has caught the attention of investors who have invested $10 million behind the project.
Ardana, a Cardano-based stablecoin ecosystem, abruptly halted development after several launch delays. However, the project remains open-source for others to add until they restart the development process.
The Aave community proposed a governance change after a short $60 million attack failed. The short attack was later attributed to the exploiter of Mango Markets, as one of the wallets involved in the attack belonged to the same exploiter.
The crypto market remained choppy throughout the week, with the majority of the top 100 DeFi tokens trading red, with the exception of a few.
DeFi protocol raises $10 million from Bitfinex and Ava Labs despite turbulent marketOnomy, an ecosystem based on the Cosmos blockchain, has just obtained millions of investors for the development of its new protocol. The project merges DeFi and the forex market to put the latter on-chain.
According to the developers, the latest funding round raised $10 million from major industry players such as Bitfinex, Ava Labs, Maker Foundation, and CMS Holdings, among others.
Continue Reading
Cardano's main stablecoin project comes to a halt after excruciating launch delaysNovember 24, Ardana, a track...
The last week of November remained eventful for the crypto market as the majority of DeFi tokens struggled with market volatility.
Newsletter
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) news – a newsletter designed to bring you significant developments over the past week.
The prolonged crypto winter, aided by the collapse of FTX, has prevented investors from backing a new protocol that merges DeFi and the forex market. A new DeFi protocol based on the Cosmos blockchain has caught the attention of investors who have invested $10 million behind the project.
Ardana, a Cardano-based stablecoin ecosystem, abruptly halted development after several launch delays. However, the project remains open-source for others to add until they restart the development process.
The Aave community proposed a governance change after a short $60 million attack failed. The short attack was later attributed to the exploiter of Mango Markets, as one of the wallets involved in the attack belonged to the same exploiter.
The crypto market remained choppy throughout the week, with the majority of the top 100 DeFi tokens trading red, with the exception of a few.
DeFi protocol raises $10 million from Bitfinex and Ava Labs despite turbulent marketOnomy, an ecosystem based on the Cosmos blockchain, has just obtained millions of investors for the development of its new protocol. The project merges DeFi and the forex market to put the latter on-chain.
According to the developers, the latest funding round raised $10 million from major industry players such as Bitfinex, Ava Labs, Maker Foundation, and CMS Holdings, among others.
Continue Reading
Cardano's main stablecoin project comes to a halt after excruciating launch delaysNovember 24, Ardana, a track...
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