In the fast-evolving world of decentralized finance (DeFi), the use of price oracles has become essential for accessing external data within smart contracts. Price oracles play a vital role in determining the value of various assets and facilitating seamless transactions on decentralized platforms. However, the reliance on centralized price oracles comes with its own set of risks. In this article, …
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In the rapidly evolving world of decentralized finance (DeFi), one of the key challenges that developers and users face is achieving interoperability across different blockchain networks. DeFi cross-chain bridges play a crucial role in enabling the seamless transfer of assets and data between these networks. However, like any technology, these bridges come with their own set of limitations and trade-offs. …
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NAVI has recently announced that it has partnered with KriyaDEX which is set to bring a dynamic change in the DeFi landscape as it wil lunleash institutional-level infrastructure and foster greater institutional involvement. The collaboration will also narrow the gap between traditional institutions and the DeFi world. 🎉 Partnership with @KriyaDEX which is building institutional-grade infra to interact with #Sui …
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Smart contracts have emerged as a transformative technology, revolutionizing the way agreements are made, executed, and enforced in various industries. In the realm of finance, particularly in the rapidly growing field of decentralized finance (DeFi), smart contracts play a pivotal role in enabling trustless, transparent, and efficient transactions. In this article, we will delve into the intricacies of smart contracts, …
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The DeFi community worldwide is worried after the significant sell-off of Multichain’s project token, MULTI. A tweet triggered the panic which stated that the users were getting delayed in receiving the assets and also a rumour of an insider dumping tokens was spread. After this incident, users doubted Multichain’s stability, which has a TVL of $1.5 billion. https://twitter.com/ScopeProtocol/status/1661319098712870912?s=20 Massive Transfer …
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Decentralized Finance (DeFi) has emerged as a transformative force in the world of finance, offering individuals greater financial freedom, transparency, and control over their assets. As the popularity of DeFi continues to grow, it becomes paramount to address the significance of security within this ecosystem. This article will explore the crucial role that security plays in DeFi, highlighting the challenges …
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Lava, a trailblazing fintech company, has announced the launch of a ground-breaking self-custody wallet and a Bitcoin-based decentralized finance (DeFi) platform. Lava’s innovative loan protocol enables users to safely borrow stablecoins, utilizing bitcoin as collateral, a strategy aimed at eliminating threats associated with custodian rehypothecation and bridge vulnerabilities. Lava’s CEO, Shehzan Maredia, highlighted the revolutionary nature of their approach. “We …
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The decentralized finance (DeFi) ecosystem offers exciting opportunities for users to participate in a variety of financial activities. However, as the ecosystem evolves, it becomes crucial to evaluate the security measures implemented by different projects. Assessing the security of DeFi projects before investing is essential to protect user funds and ensure a safer ecosystem. In this article, we will explore …
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Introduction Decentralized Finance (DeFi) has emerged as a transformative force in the financial industry, offering innovative solutions to traditional financial challenges. However, the DeFi industry is not immune to security risks and vulnerabilities, and DeFi hacks can have far-reaching consequences for the industry and its users. Financial Losses DeFi hacks can result in significant financial losses for investors and users, …
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As the dust settled on a tumultuous 2022, Solana emerged from the storm, showcasing impressive growth during Q1 2023. Driven by a 118% QoQ increase in market cap and an array of ecosystem developments, Solana has re-established itself as a force to be reckoned with in the blockchain space. Recovering from Turbulence: Solana’s Resurgence Solana’s network faced considerable skepticism after …
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