Fuse Gets Added By Sushi, A Top Cross-Chain DeFi Platform
When it comes to projects in the DeFi space, establishing key partnerships is paramount if long-term success is to be ensured. In such a volatile and unpredictable market and industry, one can never be too careful and that is exactly why the Sushi protocol has now been deployed on Fuse Network after the platform added the blockchain to its list of supported chains. For those who may be unaware, Fuse’s mission is to make cryptocurrency payments and DeFi options available to the public by drastically simplifying access via mobile-centric user-friendly solutions. In order to....
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According to a report from the blockchain company Blocsec, Rari Capital’s Fuse platform has lost roughly $80 million from a “reentrancy vulnerability.” On Saturday, Fei Protocol’s official Twitter account confirmed it lost funds from the Rari Fuse platform exploit. $80 Million Swiped from Rari Capital Another decentralized finance (defi) protocol attacker has managed to siphon millions of dollars worth of crypto from a defi project. On Saturday, the blockchain and smart contract audit firm Blocsec revealed Rari Capital’s Fuse platform suffered a loss of....
Relite is a decentralized, cross-chain lending protocol built on Polkadot. Relite aims to provide a platform where lending and borrowing is accessible to all and isn’t limited to any one blockchain. This cross-chain lending platform will enable users to lend and borrow with their native crypto in one protocol; something that the DeFi market is […]
"It's a major step forward in multi-chain governance systems," said the team at Aave. On Monday, the first cross-chain governance proposal passed on decentralized finance, or DeFi, borrowing and lending platform Aave (AAVE). According to DeFi Llama, the amount of total value locked on Aave is approximately $12 billion. As told by its developers, a proposal executed on Aave, which is built on the Ethereum (ETH) network, was sent to the Polygon (MATIC) FxPortal. The mechanism then read the Ethereum data and passed it for validation on the Polygon network. Afterward, the Aave cross-chain....
Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-chain bridges have lost roughly 20.3% during the last 30 days.
Value Locked in Cross Chain Bridge Tech Slips 20% Lower Than Last Month
Over $100 billion in USD value was recently removed from the total value locked (TVL) in defi and TVL statistics continue to slide. Four days ago, the TVL in defi was approximately $112.29 billion and....
SushiSwap’s native token SUSHI is surging higher after a correction in the price of Ethereum, which reflected poorly on DeFi. SUSHI is currently up by 20% in the past 24 hours alone, making it the best-performing Ethereum-based large-cap digital asset. It is also the best-performing cryptocurrency in the top 100 by market capitalization. SUSHI is […]