Aave Launches Stablecoin GHO on Ethereum
Decentralized finance protocol Aave has launched a new stable cryptocurrency called GHO, which is pegged to the dollar, on Ethereum.…
Warning! This DeFi Protocol Announces Closure
While the crypto sector has experienced significant positive developments recently, it should not be overlooked that unfortunate incidents have also…
Major Defi Protocol Algofi Announces Cessation of Operations in Algorand Ecosystem
Algofi, the largest DeFi protocol in the Algorand (ALGO) ecosystem, recently announced that it would cease its operations. The DeFi…
Arbitrum-Based DeFi Protocol Rodeo Finance Falls Victim to Cyberattack
The decentralized finance (DeFi) protocol Rodeo Finance, based on Arbitrum, has been targeted in a cyberattack. Approximately 810.1 ETH, worth…
Ripple’s CTO Critiques Uniswap’s Centralization, Proposes Enhancements for V4 Engine
Leading a subsection of the Decentralized Finance (DeFi) ecosystem does not guarantee being labeled as a decentralized asset; Ripple's esteemed…
What is Decentralized Finance (DeFi)?
Decentralized Finance (DeFi) leverages Blockchain technology and smart contracts to remove the need for intermediaries in the traditional finance system,…
