Anchor Protocol solves the mystery with semi-dynamic earn rate

Anchor Protocol solves the mystery with semi-dynamic earn rate

The issues surrounding the pegging protocol’s 20% rate of return have been going on for weeks and it looks like the final conclusion is upon us. As the official Twitter handle of the Terra Network-based DeFi protocol revealed in a series of tweets, the solution to long-term sustainable returns for investors is a semi-dynamic win…

Starknet-based zkLend grabs $5 million in funding

Starknet-based zkLend grabs $5 million in funding

zkLend, a secured lending protocol based on zero-knowledge accumulation product StarkNet, announced that it raised $5 million in a funding round. Delphi Ventures Leads $5 Million Funding Round Delphi Digital’s venture capital arm led the funding round, including Starkware, Three Arrows Capital, Alameda Research, MetaCartel DAO, Amber Group, Genesis Block Ventures and others. The funds…

Axie Infinity’s Ronin Bridge exploited for $625 million

Axie Infinity’s Ronin Bridge exploited for $625 million

A security vulnerability has emerged in the Ronin Network, an Ethereum sidechain developed by blockchain gaming platform Axie Infinity, resulting in what is perhaps the biggest DeFi exploit in history. The Ronin Bridge has been mined According to the Ronin Network report, the hacker stole 173,600 ETH (approximately $600 million) and 25.5 million USDC ($25.5…

SushiSwap Community proposes Stargate Omnichain native asset bridge integration

SushiSwap Community proposes Stargate Omnichain native asset bridge integration

The software running on Ethereum that seeks to entice a network of users to operate a crypto buying and selling platform, SushiSwap has published a proposal that suggests Sushi integrates the native Stargate Omnichain Asset Bridge to facilitate exchanges and transfers of native Omnichain assets between networks. Sushi receives an integration proposal from Stargate Sushi,…

LayerZero Labs raises $135M in a funding round led by Sequoia Capital, FTX Ventures, a16z

LayerZero Labs raises $135M in a funding round led by Sequoia Capital, FTX Ventures, a16z

Decentralized applications protocol developer onmichain to contain multiple blockchains, LayerZero Labs, has announcement that it raised $135 million in a Series A+ investment round. LayerZero Hits $1 Billion Valuation The $135 million funding, which aims to accelerate the development of its namesake protocol, helped LayerZero achieve a $1 billion valuation. Major venture capital groups and…