Robert Leshner: Compound Founder Backs Uniswap V3 Deployment
Compound Labs founder Robert Leshner, who owns 5.76M UNI tokens, voted for the deployment of Uniswap V3 on the BNB Chain, with 58.45% of infavor of the proposal.
DeFi News
Nostr Launches Damus App on Apple and Google Play Store
Nostr, a decentralized social networking protocol backed by former Twitter CEO Jack Dorsey, has been touted as a major Twitter competitor.
Yearn Finance Rallies as MakerDAO Deploys $100M on the Dapp
MakerDAO just approved a proposal to deploy up to $100 million in USD currency (USDC) from its reserve on the DeFi protocol Yearn Finance. Read more on CNL.
Cardano: How Planned Update Could Stimulate ADA Rise
Cardano blockchain vice president Tim Harrison has announced an upcoming update to improve the network’s compatibility with other protocols. Read CNL for more.
Paxos’ $1.5B USDP at MakerDAO to Raise its Debt Ceiling
Paxos wants to deposit $1.5B of its USDP stablecoin into Maker’s Peg Stability Module (PSM), which houses reserves supporting its DAI stablecoin. Read CNL.
5 Crypto Innovations That Didn’t Exist 5 Years Ago
Crypto saw a huge transformation in the last 5 years. From DeFi to Web3, here are the top 5 crypto innovations that didn’t exist 5 years ago.
Waves Dubbed “Next LUNA” After Stablecoin Depegs From $1
Detractors of Waves have called the project the next LUNA after its stablecoin USDN de-pegged from $1. Read CNL.
Maple Finance Drops Orthogonal Trading Due to Fraud
Maple Finance declared that it will sever all links with Orthogonal Trading due to allegations of financial deception.
Ukraine Gov’t To Amplify and Rev Crypto Mass Adoption
Ukrainian gov’t interacts with international specialists on its national crypto framework and the modifications to the law on virtual assets.
The New Italian PM Dismisses Electronic Money
Following the new prime minister’s repudiation of card payments as private money, Italy will resist the global trend toward electronic money.
Ankr Was Hit by a Multi-Million Dollar Exploit on Dec. 1
The alleged attacker of the DeFi protocol, Ankr, was able to mint 6 quadrillion aBNBc tokens, which they eventually turned into around 5 million USDC.
Nexo is Full of Red Flags: Next to Fall?
After a similar company, BlockFi, filed for bankruptcy, fresh concern has recently surfaced regarding the warning signs seen on Nexo, the lending platform.
