Jeff Garzik’s DeFi protocol Vesper Finance tops $1B TVL in six weeks
Within six weeks of launching, Vesper Finance, a DeFi yield platform co-founded by former Bitcoin Core developer Jeff Garzik, has amassed a $1 billion TVL. Vesper Finance, a recently launched DeFI yield suite co-founded by former Bitcoin core developer Jeff Garzik, has surpassed a TVL of $1 billion within six weeks of launching on mainnet.Garzik, also an executive of blockchain technology firm Bloq Inc, tweeted the news on March 23 while also revealing the team had open-sourced its smart contracts. Vesper’s CEO also noted the protocol’s open source transferable NFT container can be used to....
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PRESS RELEASE. Keeper Finance is a decentralized finance protocol that is inspired by job matching protocol Keep2r which is DeFi version 3.0. It is designed to be a lite version of Keep2r and is a more flexible and profitable protocol. Keeper Finance offers a decentralized platform that connects developers with projects teams to execute jobs. Keeper Finance uses a unique mechanism that ensures that jobs are executed and job takers are rewarded promptly within its blockchain ecosystem. To achieve this, Keeper Finance uses a job matching concept whereby job takers called Keepers register....
According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack.
Crema Finance Vulnerability Causes Defi App to Lose Millions — 6 Flashloans Executed
Another defi protocol has lost funds to a hacker as the Solana liquidity application disclosed it was attacked on Saturday, July 2, 2022.
“Attention,” Crema Finance wrote on Saturday. “Our protocol seems to have just experienced a....
Vesper will pool and stake deposited ether (ETH), wrapped bitcoin (wBTC) or tether (USDT) across DeFi protocols selected on the basis of a user’s risk preference starting mid-November.
Data shows that traders are easing back into DeFi as the top protocols register an uptick in transactions and total value locked. Hype cycles can work wonders for token prices and social media statistics, but they also bring increased pressure on developers to launch a functioning product that validates its rising market cap. As nonfungible tokens took center stage over the past six weeks the decentralized finance (DeFi) sector took a break from the spotlight as developers refined their protocols and sought out interoperable, Ethereum network alternatives. Data from CoinGecko shows that....
Another decentralized finance (DeFi) protocol has fallen prey to an exploit. The Harmony protocol had been gaining popularity among DeFi users over the last year as the DeFi space bloomed. But it has now suffered the same fate as many protocols in the space. On Friday, the protocol announced that it has been the victim […]