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📣 Solana DeFi's KMNO Airdrop Sparked Outrage. Kamino Responded With Changes
The new rules will give additional – albeit unspecified – rewards to "OG" users of Kamino, which hosts various decentralized finance (DeFi) products for borrowing, lending, staking and earning interest on Solana tokens. Points-earning strategies will also be lessened, Kamino said in a post on X, formerly Twitter. "We hear you," Kamino's account posted mid-Monday, trying to quell four days of blowback it has faced from users since announcing the details of its airdrop, scheduled for April.
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💰 Solana DeFi Landscape Thrives With Record $11 Billion Trading Volume
The Solana decentralized finance (DeFi) sector is experiencing a period of phenomenal growth, with decentralized exchanges (DEXes) witnessing record-breaking trading volumes and the native token, SOL, reaching a new 20-month high. However, amidst the euphoria, experts advise caution due to potential market risks.
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📊 DeFi TVL reaches $100B as Bitcoin pumps sentiment
The demand for Bitcoin is fueling sentiment around the crypto industry, driving the capital locked on-chain to over $100 billion on March 9. According to data from DefiLlama, the global total value locked (TVL) in decentralized finance (DeFi) protocols reached $100.1 billion, with more than $10 billion in volume in the past 24 hours at the time of writing. However, these figures still fall short of the $189 billion record set in November 2021.
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📣 VLVT DeFi Announces an App Store Update in the Digital Asset Industry
VLVT DeFi, a leading force in the decentralized finance (DeFi) space, is thrilled to announce a significant update to its app store, setting a new standard for innovation and user experience in the rapidly evolving digital asset industry. VLVT DeFi's development team introduces a host of cutting-edge features and improvements designed to empower users with enhanced functionality, security, and accessibility within the decentralized financial ecosystem.
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💰 Solana DeFi Protocol Kamino Sets KMNO Token Airdrop for April
Solana-based DeFi protocol Kamino plans to airdrop its KMNO token in April after taking a snapshot of eligible users on March 31. "The amount of points you have will contribute to the amount of tokens you will get," Thomas, a contributor to Kamino, said on a monthly Solana developer call, explaining that the protocol will employ mechanisms to prevent airdrop farmers from sybil attacking the system with multiple wallets.
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🪙 Uniswap Foundation token rewards proposal passes temperature check vote
The Uniswap Foundation's proposed changes to the governance of the popular decentralized exchange Uniswap, including altering its fee mechanism to reward users who delegate and stake their tokens on the platform, has unanimously passed a temperature check vote. The temperature check vote — a snapshot poll to gauge initial Uniswap community sentiment on moving ahead with the proposal — began on March 1 and passed with 100% of delegates in favor after ending today at 1:30 p.m. ET.
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📊 DeFi TVL breaks $100 billion for first time since May 2022
The total value locked (TVL) in decentralized finance (DeFi) protocols exceeded $100 billion for the first time in nearly two years. On March 5, DeFi TVL reached $101.36 billion, with lending accounting for $32.62 billion (32.2%) of this total, with decentralized exchanges at $19.97 billion (19.7%), collateralized debt positions at $12.22 billion (12%), and restaking activities at $10.06 billion (9.9%). The last time the TVL in DeFi surpassed $100 billion was on May 11, 2022, according to The Block's Data Dashboard.
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📊 DeFi poised for major comeback amid Bitcoin’s rally, predict Bernstein analysts
With bitcoin approaching all-time highs amid strong spot exchange-traded fund inflows, analysts at research and brokerage firm Bernstein anticipate a “big bang” DeFi recovery to come next. The DeFi segment got “completely wiped out” during the last cycle, playing a game of unsustainable yields driven by subsidies from token incentives (inflation) that ultimately came crashing down, the analysts argued.
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📊 Gauntlet collaborates with DeFi lending protocol Morpho
Gauntlet, a decentralised finance (DeFi) risk management firm, collaborated with Morpho, a DeFi lending protocol.The collaboration is expected to take place after Gauntlet parted ways with Aave, stated Cointelegraph. Sources revealed that the partnership was announced on February 27, 2023. It is believed that Gauntlet created its own lending products on MorphoBlue, a new protocol that allows firms to spin up “vaults’, user’s own lending and borrowing pools, added Cointelegraph.
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📊 Value Locked in Defi Nears $100 Billion Milestone Amidst Broad Market Uptick and Lido Dominance
Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $80 billion mark, and since that point, it has expanded by an additional $11.66 billion. As it hovers above the $91 billion threshold, the TVL is approaching the $100 billion milestone, a figure not observed since before the collapse of Terra’s stablecoin.
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⬜️ OKX adds Uniswap API on DEX, launches gas-free trading
OKX chief innovation officer Jason Lau said that the new feature eliminates common DeFi headaches like slippage, MEV attacks and failed transactions. OKX chief innovation officer Jason Lau told Cointelegraph that the feature allows simpler decentralized token swapping. Lau explained that the integration with Uniswap gives the OKX DEX access to the UniswapX protocol and is connected to its liquidity.
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📊 B2 Network Brings DeFi to Bitcoin via Bitget Wallet
Bitget Wallet, Asia's largest non-custodial Web3 wallet, has announced a new partnership with Bitcoin Layer 2 company B2 Network. The collaboration will give Bitget Wallet's over 15 million global users access to B2 Network's cross-chain transactions directly through Bitget's mobile and browser-based applications. As an EVM-compatible Bitcoin Layer 2 solution built on zero-knowledge proofs, B2 Network enhances transaction speeds and expands application possibilities without compromising security.
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📊 DeFi TVL surpasses 22-month high as market goes bullish
The decentralized finance (DeFi) total value locked (TVL) has reached 22-month highs as the broader crypto market witnessed a notable surge. According to data provided by Defi Llama, the global DeFi TVL increased by $27.6 billion since Feb. 1 — rising from $59.44 billion to $87.12 billion at the time of writing — a level not seen since May 2022. Per Defi Llama, Lido Finance’s TVL is currently hovering at $31.87 billion followed by AAVE with a TVL of $9.24 billion.
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📣 Emerging DeFi sensation Retik Finance (RETIK) presale sold out, raises more than $32 million
Retik Finance (RETIK), a decentralised finance platform aiming to revolutionise the way individuals interact with financial services. With its recent presale culminating with a sold-out status and raising over $32 million, Retik Finance has solidified its position as an emerging DeFi sensation. Here’s a look at the success parameters of Retik Finance's presale and the excitement surrounding the project.
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📊 Defi's Total Value Locked Hits $80 Billion in a Dramatic Turnaround Since 2022
Recent data reveals that the total value locked (TVL) in decentralized finance has jumped past the $80 billion milestone, reaching heights not observed since the downfall of Terra’s stablecoin in May 2022. Leading the charge in 2024 by TVL size is Lido’s liquid staking platform, with ether-based liquid staking derivatives (LSDs) securing a dominant position with $41 billion in TVL.
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📊 DeFi protocol Unizen to provide ‘immediate reimbursement’ after $2.1M hack
DeFi protocol Unizen announced that it will issue an immediate refund to users who lost their funds to an exploit this weekend. Decentralized finance (DeFi) protocol Unizen announced that it would reimburse its users who lost 750,000 or less “as soon as humanly possible” after the platform got compromised, losing about $2.1 million in user funds. On March 9, blockchain analytics firm PeckShield flagged an “approve issue” with the DeFi platform, reporting that over $2 million had already been drained.
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#Market Update:
BTC is currently above 69k level which is a bullish sign for the further bullish momentum BTC needs a weekly closure above it
The Next week Major events :
-US CPI tomorrow
-US PPI and Retail sales day after tomorrow
As we have a weekly closure tonight and major events coming so volatility is expected trade cautiously and must use Sl.
@ChartsSignalsTrading
📊 Criminals Target Defi Platforms, Steal More Than $67 Million in February Alone
In February alone, criminals stole digital funds worth over $67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual attacks, with 12 incidents representing 85.71% of the total losses across targeted chains.
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📊 $84.5bn in derivative volumes push DeFi yields to highest levels in two years
According to DefiLlama’s yield overview page, GMX or protocols that operate on top of GMX now offer four out of the top 10 highest yields for protocols that have at least $10 million in deposits. Perpetual futures, often referred to as perpetual swaps or simply “perps,” are a derivative contract that enables traders to bet on the future value of an asset indefinitely without an expiration date.
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📊 DeFi pump-and-dump schemes rake in millions, harm industry credibility
The cryptocurrency space has been compared to the Wild West numerous times, and while it has been maturing to resemble the world of traditional finance more closely, in the decentralized finance (DeFi) space, the “wild” ethos remains, with freewheeling trading activity often leading to pump-and-dump schemes and wash trading. On the Ethereum network alone, according to a recent Chainalysis study, over 370,000 tokens were launched in 2023, with 168,600 listed on decentralized exchanges (DEXs).
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🚨 DeFi Platform Woofi Exploited: Hackers Reportedly Swipe $8.75M in Cryptocurrencies
Decentralized finance (DeFi) platform Woofi fell victim to a sophisticated attack, resulting in the illicit extraction of $8.75 million in cryptocurrencies. The hackers attacked Woofi Swap's Synthetic Proactive Market Making (sPMM) algorithm on March 5th, which is the backbone of the pricing mechanism on the Arbitrum network. According to a recent report from the Woofi team, the attackers utilized a pattern of flash loans to manipulate the value of Woofi's native token, WOO.
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💰 Solana Weekly DeFi Trading Sets All-Time High Above $11 Billion
Trading volume on Solana-based decentralized exchanges (DEXs) blew past an all-time record this week, cementing the Ethereum rival’s place among the top beneficiaries of the crypto market’s current, steadily escalating bull run. Over the period of February 24 to March 2, more than $11.19 billion worth of digital assets were traded on Solana decentralized exchanges, according to data compiled by Defi Llama. That figure is up over 154% from the preceding seven-day period.
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📊 DeFi ‘points’ farming has reshaped the crypto investment landscape
As a DeFi-focused hedge fund, MEV Capital has grown comfortable with moving funds around on-chain in pursuit of higher returns, a strategy known as yield farming. MEV Capital is farming these points especially in order to gain exposure to EigenLayer and a raft of other Ethereum restaking projects offering off-chain points to on-chain users. It’s a testament to renewed animal spirits in crypto and the excitement surrounding restaking that hedge funds like MEV Capital are now acquiring participation tallies for clients.
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🪙 Uniswap Governance Votes Unanimously to Empower UNI Holders With Protocol Fee Rewards
In a landmark governance decision, Uniswap’s community has voted unanimously in favor of a proposal to reward UNI token holders who stake and delegate their tokens. The upgrade, aimed at revitalizing the protocol’s decision-making process, has garnered overwhelming support with over 10 million UNI tokens pledged in its favor.
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💰 SatoshiDEX Opens $SDEX Pre-Sale, the Native Token of World’s First Bitcoin DEX
SatoshiDEX.ai, a pioneering Bitcoin DeFi platform, has announced the start of its highly anticipated 2nd Round of $SDEX Pre-Sale. Following the successful conclusion of Stage 1, which saw an impressive $700,000 raised, Stage 2 is now live and open to the community, offering an exciting opportunity to be part of this groundbreaking initiative. SatoshiDEX is led by a visionary team dedicated to reshaping decentralized finance. Beyond building the world's first Decentralized Exchange built directly on the Bitcoin L2, they are passionate about creating a robust and inclusive Bitcoin DeFi ecosystem.
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💰 Bitcoin staking chain BounceBit secures $6M to bring DeFi to BTC
BounceBit, an infrastructure provider enabling BTC staking, announced today that it has raised $6 million in a funding round led by Blockchain Capital and Breyer Capital. The company aims to build infrastructure that allows Bitcoin holders to earn yields through a restaking mechanism. The round included backing from several notable blockchain venture funds including dao5, CMS Holdings, Bankless Ventures, NGC Ventures, Primitive Ventures, and Arcane Group.
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📊 DeFi risk manager Gauntlet partners with Morpho days after dumping Aave
Decentralized finance (DeFi) risk management firm Gauntlet has teamed up with DeFi lending protocol Morpho just days after its abrupt split with Aave. The partnership announced on Feb. 27 sees Gauntlet creating its own lending products on MorphoBlue, a new protocol that allows firms to spin up their own lending and borrowing pools dubbed “vaults.” MorphoBlue, however, will effectively give risk managers the ability to create and manage their own lending protocols.
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📊 DeFi trader rides EigenLayer airdrop hype to secure 40% yield
EigenLayer continues to grow, with over $8.4 billion in deposits after announcing a raise of $100 million from a16z earlier this month. There are already a slew of liquid restaking protocols whose sole purpose is to take staked Ether and deposit it into EigenLayer to earn points. Points are expected to convert to tokens sometime in the second quarter. But for those who don’t want to chase the allure of an airdrop, EigenLayer inadvertently provides some very enticing yields on Ether.
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📊 SUN.io and HTX DAO Forge DeFi Partnership to Boost User Support
SUN.io announced a strategic partnership with HTX DAO. This advances blockchain collaboration. This partnership aims to boost user support and ecosystem money flow. Through this partnership, HTX DAO hopes to donate at least 80% of its quarterly liquidity donations to the HTX-TRX Liquidity Pool (LP), which will benefit SUN.io. With the projected revenues of the HTX exchange (formerly Huobi) for 2022 and 2023, the token value locked (TVL) liquidity on SUN.io is anticipated to surpass $100 million by 2024. It constitutes over 20% of SUN.io’s total TVL.
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⚪️ Curve Finance unveils new defi lending contracts
The introduction of lending contracts by Curve Finance opens up new avenues for arbitrage traders, presenting them with the opportunity to potentially secure substantial profits. The deployment of these lending contracts signifies Curve’s entry into the competitive defi lending market. By allowing users to lend their assets through smart contracts, Curve is diversifying its offerings and providing its users with more ways to participate in the defi ecosystem.
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