✖️ DYdX pushes back $156 million of token unlocks for investors to December from February
Decentralized exchange dYdX delayed its token unlocks for investors to Dec. 1 from Feb. 3, according to a note sent out to investors obtained by The Block. The exchange was set to release 150 million tokens ($282 million) to investors, community members and the project’s treasury next month.Under the new schedule, the 83 million tokens — 30% of the 277 million tokens destined for investors in total — will be unlocked On Dec. 1, according to the note. After that happens, 40% of the total tokens will unlock monthly over the following six months, then 20% over the following year and 10% the year after that. DYdX is currently based on StarkEx, a zero-knowledge proof-powered layer running on top of Ethereum.
Decentralized exchange dYdX delayed its token unlocks for investors to Dec. 1 from Feb. 3, according to a note sent out to investors obtained by The Block. The exchange was set to release 150 million tokens ($282 million) to investors, community members and the project’s treasury next month.Under the new schedule, the 83 million tokens — 30% of the 277 million tokens destined for investors in total — will be unlocked On Dec. 1, according to the note. After that happens, 40% of the total tokens will unlock monthly over the following six months, then 20% over the following year and 10% the year after that. DYdX is currently based on StarkEx, a zero-knowledge proof-powered layer running on top of Ethereum.
💰 Sushiswap to launch a perp dex on Sei Network, 'Head Chef' says
Decentralized exchange Sushiswap is launching a decentralized perpetual futures exchange on the Sei Network, “Head Chef” Jared Grey said at a conference in Miami. Grey said at Quantum Miami, adding that a contract had been signed earlier in the week. Sei Network, a new Layer 1 blockchain that specializes in decentralized trading applications, is “focused on having an order book and matching engine in their consensus layer, and they want to focus solely on that vertical, and I think that makes a lot of sense," Grey said. The move will take Sushiswap into non-Ethereum-based ecosystems and a different sector of decentralized finance. The decentralized exchange passed a governance proposal earlier this week.
Decentralized exchange Sushiswap is launching a decentralized perpetual futures exchange on the Sei Network, “Head Chef” Jared Grey said at a conference in Miami. Grey said at Quantum Miami, adding that a contract had been signed earlier in the week. Sei Network, a new Layer 1 blockchain that specializes in decentralized trading applications, is “focused on having an order book and matching engine in their consensus layer, and they want to focus solely on that vertical, and I think that makes a lot of sense," Grey said. The move will take Sushiswap into non-Ethereum-based ecosystems and a different sector of decentralized finance. The decentralized exchange passed a governance proposal earlier this week.
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According to a report from Blockworks, Amazon is about to enter the chat.
The world's largest retailer is launching a digital assets enterprise, with an NFT initiative expected in the Spring.
Amazon has been exploring partnerships with power players in the industry, including layer-1 blockchains, blockchain-gaming startups and developers, and digital asset exchanges.
According to the report – April appears to have been penciled in for the e-commerce giant to make its bold crypto ambitions public.
The world's largest retailer is launching a digital assets enterprise, with an NFT initiative expected in the Spring.
Amazon has been exploring partnerships with power players in the industry, including layer-1 blockchains, blockchain-gaming startups and developers, and digital asset exchanges.
According to the report – April appears to have been penciled in for the e-commerce giant to make its bold crypto ambitions public.
🪙 DeFi Lender Aave Launches On Ethereum Network Version 3
Aave, a decentralized lending and borrowing system, has launched its third iteration on the Ethereum network in response to unanimity in favor of a governance proposal. Aave protocol has $4.56 billion in total value locked (TVL), a rise of 23.37% over the previous 30 days. The Aave V3 upgrade will put a special emphasis on reducing user risk and enhancing capital efficiency (High Efficiency Mode) when staking or borrowing correlated assets like stablecoins and liquid staking derivates (LSDs). Liquid staking derivatives are contracts for derivative products that let consumers keep an asset’s liquidity while staking it in exchange for a payout. According to DeFiLlama, the Aave protocol has $4.56 billion in total value locked (TVL), a rise of 23.37% over the previous 30 days.
Aave, a decentralized lending and borrowing system, has launched its third iteration on the Ethereum network in response to unanimity in favor of a governance proposal. Aave protocol has $4.56 billion in total value locked (TVL), a rise of 23.37% over the previous 30 days. The Aave V3 upgrade will put a special emphasis on reducing user risk and enhancing capital efficiency (High Efficiency Mode) when staking or borrowing correlated assets like stablecoins and liquid staking derivates (LSDs). Liquid staking derivatives are contracts for derivative products that let consumers keep an asset’s liquidity while staking it in exchange for a payout. According to DeFiLlama, the Aave protocol has $4.56 billion in total value locked (TVL), a rise of 23.37% over the previous 30 days.
📣 Decentralized Exchange Vela’s DXP Token Surges Ahead of Beta Release on Arbitrum
Arbitrum-based decentralized trading platform (DEX) Vela Exchange’s DXP utility token has mounted a powerful rally as the project prepares to release its much-anticipated beta version next week. Vela Exchange was originally known as Dexpools on Ethereum before moving development to Arbitrum, an Ethereum layer 2 blockchain. The platform allows for spot and perpetual futures trading, as well as peer-to-peer over-the-counter (OTC) trading where traders can avoid slippage and frontrunning. The platform’s beta version opens for registered testers with early access on Jan. 31, and will be available for the broader public starting Feb. 7, according to the project’s website.
Arbitrum-based decentralized trading platform (DEX) Vela Exchange’s DXP utility token has mounted a powerful rally as the project prepares to release its much-anticipated beta version next week. Vela Exchange was originally known as Dexpools on Ethereum before moving development to Arbitrum, an Ethereum layer 2 blockchain. The platform allows for spot and perpetual futures trading, as well as peer-to-peer over-the-counter (OTC) trading where traders can avoid slippage and frontrunning. The platform’s beta version opens for registered testers with early access on Jan. 31, and will be available for the broader public starting Feb. 7, according to the project’s website.
Azuki's Twitter account was compromised – and the attacker made off with almost $1M worth of crypto
Over $750,000 worth of USDC, 11 NFTs, and over 3.9 ETH were drained through a malicious link.
We've seen this happen in the past - often times to accounts with 2FA installed and all security measures properly followed.
Popular blockchain security expert ZachXBT suggests that issue seems to be a problem potentially with compromised employees at Twitter.
Over $750,000 worth of USDC, 11 NFTs, and over 3.9 ETH were drained through a malicious link.
We've seen this happen in the past - often times to accounts with 2FA installed and all security measures properly followed.
Popular blockchain security expert ZachXBT suggests that issue seems to be a problem potentially with compromised employees at Twitter.