Yearn Finance Founder Blames Social Actors for Role in the EMN Token Hack

Yearn Finance Founder Blames Social Actors for Role in the EMN Token HackYearn Finance founder Andre Cronje suggests he did not mishandle the Eminence (EMN) project’s economic exploit, which he insists functions well. He accuses certain social actors of creating a story around EMN that caused rational actors to jump onto the token. Cronje’s comments follow reports that a group of defi community members planning to sue […]

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Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%

Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi) hype and yield farming frenzy that peaked in August. In […]

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Yearn Finance Token Value Slides 67%, While Locked Value Loses Over $300M

Yearn Finance Token Value Slides 67%, While Locked Value Loses Over $300MYearn Finance’s native token YFI has been seeing significant capitulation as the price has dropped from an all-time high (ATH) of $43k in mid-September to today’s $13,875 USD value. Despite the -67.7% loss since the token’s ATH, the Yearn Finance project still has around $624 million total value locked into the platform. Yearn Finance and […]

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Messari Says Initial Dex Offerings Are ICO 2.0, Urges Investors to Resist Initial Hype

Messari Says Initial Dex Offerings Are ICO 2.0, Urges Investors to Buy When Market SettlesCrypto research firm, Messari says new Defi token offerings or initial dex offerings (IDO) are a reincarnation of initial coin offerings (ICO) and warns average investors to steer clear these. The firm notes that several early participants of IDOs are the ones that typically make off with outsized returns, while others are left deeply in […]

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Defi Trader Pockets $250k From Bug Exploit, Hints at Possible Exit Scam by $SYFI Devs

An anonymous Defi trader says he gained almost $250 000 after inadvertently exploiting a rebase bug embedded in the $SYFI Defi token. The trader, who insists he had no prior knowledge about the bug, got this reward after staking an initial investment of 0.5 ETH or about $175 at current prices. In a long Twitter […]

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Defi Implosion: YAM Token Market Cap Plummets to Near Zero After Founder Claims He ‘Failed’

Defi Implosion: YAM Token Market Cap Plummets to Near Zero After Founder Claims He 'Failed'Yield farmers excited about the recent decentralized finance (defi) project, Yam Finance, got a rude awakening after the token’s value plummeted in value to near zero. Yam Finance developers discovered a major flaw in the rebasing contract and at 4 a.m. ET, cofounder Brock Elmore tweeted that he was sorry he “failed.” On Wednesday, well […]

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