The Drift Protocol will use the $150 million to relaunch and restore user funds following a $280 million exploit earlier in April.
Latest News on DeFi
Decentralized finance, also known as DeFi, is a sector within the overall cryptocurrency and blockchain industry focused on providing a decentralized version of mainstream financial opportunities. In the mainstream world, financial institutions offer customers access to opportunities such as cash storage and loans. However, these offerings are governed by centralized entities.
With the help of distributed ledger technology, or DLT, DeFi solutions offer a number of the same opportunities, but they are controlled by a large number of participants who abide by rules enforced by smart contracts. DeFi solutions also often give greater flexibility in terms of users’ ability to store and control their own assets. Additionally, decentralized exchanges, or DEXs, further decentralize digital asset trading, in contrast to trading on centralized digital asset platforms.
- News582
- News
AllUnity says it is expanding EURAU stablecoin liquidity pools across major DEXs such as Uniswap and Raydium, with trading pairs against USDT and USDT0.
620 - News
A review of over 150 crypto protocols finds fewer than 1% disclose market-making arrangements, revealing a major transparency gap in token trading structures.
691 - Market Update
Ether looks poised to gain a price advantage over BTC as the ETH/BTC ratio soars to a 10-week high.
602 - Research
EIP-8105 proposes a scheme-agnostic encrypted mempool for Ethereum, designed to hide transaction payloads until after inclusion and reduce harmful MEV.
581 - News
The new proposal outlines multi-year lockups and opt-in token burn, as the Trump-linked DeFi platform responds to pressure over delayed liquidity access.
1176 - News
The decentralized exchange aggregator said users should refrain from visiting its website after a frontend exploit.
872 - News
Figure Technology is adding auto loans to Democratized Prime and extending Hastra beyond Solana, widening tokenized consumer credit access for DeFi investors.
1257 - Market Update
Bitcoin rallied above $74,000 after the Monday stock market close, but derivatives data show that some traders remain bearish.
1805 - News
Sun criticized the WLFI platform over long token lockup periods and withholding key information from voters.
2214 - News
World Liberty said its WLFI unlock proposal will go through community input before a formal vote, outlining a phased vesting plan rather than a full token release.
1290 - News
Aethir said it halted a bridge exploit on its Ethereum-linked contracts, limiting losses to under $90,000 after PeckShield estimated $400,000 in damages.
1161 - News
Covenant AI said it was leaving Bittensor due to its overreaching control on subnets and their large-scale TAO token sales, but Bittensor’s founder denied all allegations.
1266 - Analysis
North Korea’s crypto playbook now spans fake developers, conference contacts and major DeFi exploits reaching deep across the industry.
2085 - News
Polymarket has become one of decentralized finance’s highest fee-generating protocols, pulling in about $7.1 million in fees in the first week of the second quarter.
2335