What Roles do Liquidity Pools Play in Decentralised Finance (DeFi): Explained

What Roles do Liquidity Pools Play in Decentralised Finance (DeFi): Explained

The decentralized finance (DeFi) sector aims to remove intermediaries like central banks and brokers from financial transactions, focusing mainly on crypto-based services. In this article, we’ll explore liquidity pools, often described as the driving force behind the smooth operation of DeFi protocols. Liquidity pools allow users to quickly convert assets…

CoinDCX, Mesh Partner to Let Users Integrate DeFi Wallets from Within its App

CoinDCX, Mesh Partner to Let Users Integrate DeFi Wallets from Within its App

CoinDCX, the Indian crypto exchange platform, has decided to let its users integrate DeFi wallets from within its platform. The aim is to ease the connectivity between centralised exchanges and DeFi wallets. To do so, the exchange has announced a partnership with a US-based fintech firm Mesh. With this, the…

Asset Tokenisation, DeFi for Masses: Giottus CEO Lists Crypto Trends Poised to Succeed in 2024

Asset Tokenisation, DeFi for Masses: Giottus CEO Lists Crypto Trends Poised to Succeed in 2024

The Web3 industry seems to be on an ever-evolving movement where blockchain-based concepts arrive and die on an everyday basis. Last year, for instance, the sector of non-fungible tokens (NFTs) dropped to its record low in-terms of sales – but then the Ordinals category of these digital collectibles managed to…

Curve Finance DeFi Exchange Hacked, Losses Estimated to Be Over  Million

Curve Finance DeFi Exchange Hacked, Losses Estimated to Be Over $40 Million

The native token of one of crypto’s top decentralized exchanges tumbled after the platform said it had been “exploited” as a result of a vulnerability in a programming language. Curve Finance, like other decentralized finance projects in crypto, relies on different kinds of software built on top of blockchain technology….

DeFi Protocol Euler Finance Loses Over 7 Million in Hack, Marks 2023’s Biggest Cyber Ploy: Report

DeFi Protocol Euler Finance Loses Over $177 Million in Hack, Marks 2023’s Biggest Cyber Ploy: Report

Euler Finance, a decentralised finance (DeFi) protocol that provides crypto lending services, was hacked on Monday, March 13. This hack attack is estimated to have drained at least $177.6 million (roughly Rs. 1,455 crore) from Euler Finance, as estimated by smart contract auditor BlockSec. Other blockchain research firms like Peckshield…

Asset Tokenisation, DeFi for Masses: Giottus CEO Lists Crypto Trends Poised to Succeed in 2024

Indian DeFi-Enthusiasts Call FTX Collapse ‘Good on Macro Level’, Here’s Why

FTX, the US-based crypto platform that succumbed to liquidity crunch and shook-up the crypto market in November, led to the wipe-off of nearly $200 billion (roughly Rs. 16,53,499 crore) from the market. The drastic reaction from investors who pulled back capital from digital assets left several crypto firms gasping for breath….

Mango Markets Exploiter Tried to Exploit Aave Loophole: Here’s How the Attempt Failed

Mango Markets Exploiter Tried to Exploit Aave Loophole: Here’s How the Attempt Failed

Mango Market’s exploiter Avraham Eisenberg’s attempt to replicate his “highly profitable trading strategy” on decentralised finance (DeFi) protocol Aave has failed, resulting in the loss of millions. As per on-chain analytics firm Lookonchain, an address associated with Eisenberg, transferred $40 million (roughly Rs. 325 crore) worth USD Coin (USDC) into…

Ethereum Co-Founder Believes Crypto Industry Shouldn’t Put Much Effort Into Attracting Institutional Capital

Ethereum Co-Founder Believes Crypto Industry Shouldn’t Put Much Effort Into Attracting Institutional Capital

Ethereum co-founder Vitalik Buterin, in sharing his opinion on crypto regulation, declared that he is “kinda happy” that exchange-traded funds (ETFs) are being delayed. In a lengthy thread on Twitter, Vitalik Buterin discussed how regulations would impact crypto. According to Buterin, all regulations focus on either consumer protection or making…

CoinDCX Launches DeFi Mobile App ‘Okto’ Aimed at Widespread Expansion of Web3 in India

CoinDCX Launches DeFi Mobile App ‘Okto’ Aimed at Widespread Expansion of Web3 in India

Crypto exchange CoinDCX launched ‘Okto’, a decentralised finance (DeFi) app to open the Web3 sector for a widespread adoption in India, on Friday, August 26. The company is aiming to help members of the Indian crypto community to dive deeper into the DeFi space. As per Investopedia, DeFi is an…