DAFI Protocol Launches dBridge Testnet with Merkle-Proof Cross-Chain Bridge
DAFI Protocol has announced the launch of their highly-anticipated dBridge Testnet that showcases a fast and secure cross-chain bridge that can support DAFI tokens and dTokens on multiple chains. The Testnet will give users the chance to experience the bridge functionality and report any feedback with the goal of perfecting the user experience and process […]
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PRESS RELEASE. BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of DAFI Tokens (DAFI) under the trading pair of DAFI/USDT on March 17th at 9:00 a.m. EST. Dafi rewards users based on network adoption. Dafi is the first protocol to create staking, liquidity, and bounties proportional to each network’s demand. It enables any protocol or platform to create a synthetic flavor from the native token for pegging against network demand. DAFI, the native-token of the protocol, is used for both....
On Monday, the cross-chain token bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol, draining a great majority of the funds. The Nomad cross-chain bridge attack was the third-biggest crypto heist of 2022, and the ninth largest of all time.
Nomad Cross-Chain Bridge Exploited for $190 Million
Cross-chain bridges in the world of decentralized finance (defi) just can’t catch a break no matter how long they have been running and even after the bridges have been audited. On August 1, 2022, the cross-chain bridge Nomad suffered an attack that....
The project is branding its testnet as useful to “new developers without blockchain background knowledge." The Rangers Protocol has opened its testnet to users aiming to provide an Ethereum Virtual Machine-compatible solution that supports cross-chain contract interoperability.In a Friday announcement, the Rangers Protocol said it had successfully migrated its first Dapp to the testnet which went live on July 19. The project migrated an Ethereum-based lending protocol, BlueStone, to the testnet, a move the protocol described as “smooth and developer-friendly” given Rangers’ Ethereum....
On Tuesday, the team behind the Umbria network announced the launch of the new Narni cross-chain Avalanche bridge. Umbria says the bridge is 90% cheaper than the official Avalanche bridging solution allowing users to move ether between the Ethereum blockchain and the Avalanche network. Narni Cross-Chain Bridge Adds Avalanche Solution During the last two weeks the price of avalanche (AVAX) has increased 33.4% and this week, AVAX made its way into the top ten crypto positions in terms of market capitalization. As far as the total value locked (TVL) in decentralized finance (defi) is....
DAFI Protocol is making significant strides to disrupt every rewards distribution model in the cryptocurrency industry. After months of extensive planning, hard work and forging partnerships, the blockchain startup has officially launched the second iteration of its Super Staking platform (V2). The new SuperPools include smarter dToken distributions and offer more stable APY rates. Such […]