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DeFi Updates

@DeFi_Updates
Channel's geo and language: not specified, English

Welcome to @DeFi_Updates, the best DeFi/ICO/IEO channel on Telegram.
🌎 Our channel includes news, reviews and updates about cryptocurrency projects.
Metaverse & Nfts News ⤵️
@Facebook_Metaverse_Nfts
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DeFi Updates

14 Sep, 11:42

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🥇 DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger

Sky, the decentralized finance lender formerly known as MakerDAO, will vote on fully ditching wrapped bitcoin (wBTC) from its ecosystem, according to a Thursday governance post, potentially a major development in DeFi since the platform has $200 million of loans collateralized by the token. WBTC is a token that allows investors to use bitcoin (BTC) on other blockchains, and plays a key role in lending DeFi as collateral, with a $9 billion market capitalization.

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DeFi Updates

13 Sep, 20:06

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🚀 Join the Ultimate Crypto Meme Channel! 🚀

Are you tired of the serious side of crypto? 🧠
💼 Need a daily dose of laughter to lighten up your trading day? 😂💸

Look no further!
Our Crypto Meme Channel is here to brighten your day with the funniest, most relatable, and fresh-off-the-blockchain memes! 🤖🔥

👉 Why Join Us?
💥 Hilarious Memes Daily - Guaranteed to make you LOL!
💥 Relatable Content - For every HODLer, trader, and crypto enthusiast!
💥 The Best Way to Survive the Market - With laughter and a strong meme game!

🔗 Join Now and become part of the funniest crypto community on Telegram!
Let’s turn the volatility into hilarity together! 🎉

HODL tight and get ready to ROFL! See you inside! 🤣 🚀

https://t.me/Bitcoin_Crypto_Memes
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DeFi Updates

13 Sep, 11:24

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🇺🇸 Trump to launch #DeFi protocol next Monday

Former President Donald Trump announced plans to launch “World Liberty Financial,” a decentralized finance (DeFi) protocol, next Monday, September 16, at 8 pm via Twitter Spaces. In his tweet, Trump declared his intention to embrace crypto and leave “slow and outdated big banks behind,” marking a significant shift from his previous skepticism towards digital currencies.

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DeFi Updates

12 Sep, 18:24

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🇺🇸 Lawmaker Criticizes Biden-Harris Administration's Approach to Defi Regulation

House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer ecosystem enabled by digital assets and blockchain.

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DeFi Updates

12 Sep, 10:24

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🪙 DEX wars heat up as Uniswap's dominance slips to 36% amid rising competition

The DEX landscape is undergoing some diversification, with Uniswap's once-dominant market share facing a steady erosion. This change-up in market share could signal more competition and innovation in decentralized trading. Uniswap's market share has dropped from more than 50% in October 2023 to 36% today.

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DeFi Updates

10 Sep, 21:24

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📣 Ether.fi Launches Crypto Credit Card with Scroll’s ZK Tech

Ether.fi, a prominent player in the restaking sector, has announced an exciting new partnership with Scroll, a cutting-edge layer-2 blockchain using zero-knowledge (ZK) rollup technology. Ether.fi plans to launch its credit card, ether.fi Cash, and introduce a lending and borrowing marketplace. Scroll, which has been operational since October 2023, has seen its total value locked (TVL) surge from $556 million to $676 million in recent months. This impressive growth reflects the increasing interest in its efficient, low-cost transaction capabilities.

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DeFi Updates

9 Sep, 21:25

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🔵 AAVE Tops DeFi as Market Survives Bearish August

August was a bearish month for the cryptocurrency market, especially because of the Aug. 5 decline. While the market attempted to recover the rest of the month, another downturn followed in the final week of August. Nevertheless, some categories and projects within them have been more resilient than others. More specifically, the Decentralized Finance basket fell by single digits, while its best performer, Aave (AAVE), had a positive rate of increase.

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DeFi Updates

9 Sep, 09:25

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📊Penpie crypto DeFi protocol exploiter successfully laundered all $27M ETH

Penpie Crypto DeFi Protocol is an averagely popular decentralized finance (DeFi) platform designed to enhance liquidity provision and yield farming in the crypto ecosystem. Built on the Pendle Finance protocol, Penpie focuses on maximizing yield for its users by allowing them to split and trade yield-bearing assets. With a user-friendly interface and advanced features, Penpie aims to offer a flexible and efficient DeFi experience.

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DeFi Updates

8 Sep, 13:52

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🚀 Join the Ultimate Crypto Meme Channel! 🚀

Are you tired of the serious side of crypto? 🧠
💼 Need a daily dose of laughter to lighten up your trading day? 😂💸

Look no further!
Our Crypto Meme Channel is here to brighten your day with the funniest, most relatable, and fresh-off-the-blockchain memes! 🤖🔥

👉 Why Join Us?
💥 Hilarious Memes Daily - Guaranteed to make you LOL!
💥 Relatable Content - For every HODLer, trader, and crypto enthusiast!
💥 The Best Way to Survive the Market - With laughter and a strong meme game!

🔗 Join Now and become part of the funniest crypto community on Telegram!
Let’s turn the volatility into hilarity together! 🎉

HODL tight and get ready to ROFL! See you inside! 🤣 🚀

https://t.me/Bitcoin_Crypto_Memes
75 0 0
DeFi Updates

7 Sep, 10:25

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❄️ TON Foundation Pumps $24 Million into Fueling DeFi on Telegram-Linked Network

The organization that supports The Open Network, Telegram’s blockchain of choice, announced on Friday that it has contributed another $24 million worth of Toncoin (TON) to its DeFi incentive program, bringing the program’s total value to over $75 million to date. The TON Foundation originally created the program in April to encourage users to engage with decentralized finance (DeFi) applications on TON—a network that has become prominently known for popular crypto-backed games on Telegram and corresponding airdrops.

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DeFi Updates

6 Sep, 19:25

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🚨 Hacker praised after $27M crypto heist from Penpie DeFi protocol

The hacker responsible for stealing $27 million in crypto from the decentralized finance (DeFi) protocol Penpie received an appreciation message from a fellow criminal. On Sept. 3, Penpie suffered an exploit that led to the loss of digital assets worth $27 million. In response, the DeFi platform suspended deposits and withdrawals. Less than a day after the hack, the Penpie hacker sent $7 million in assets to the crypto mixer Tornado Cash.

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DeFi Updates

6 Sep, 07:24

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📊 DeFi and social dApps lead in monthly unique wallets for August – DappRadar

DeFi and social dApps saw a notable rise in daily unique active wallets (dUAW) in August, as the overall dApp industry hit a record 17 million average dUAWs, up 9% from the previous month, according to a DappRadar report. Decentralized exchanges Raydium and Uniswap v2 had 18.8 million and 4.8 million monthly unique active wallets, respectively, in August, granting them the second and fourth most active applications in the blockchain sector in the period.

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DeFi Updates

5 Sep, 06:52

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🇺🇸 Trump family’s DeFi project wants to ‘ensure US dollar dominance’

While not much is known about the Trump family’s crypto project — the latest statement from World Liberty Financial suggests it wants to spread the use of United States dollar-pegged stablecoins in decentralized finance. In a Sept. 4 statement to X, the yet-to-be-launched decentralized finance (DeFi) platform claimed one of its key goals was to drive the "mass adoption of stablecoins and decentralized finance."

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DeFi Updates

4 Sep, 19:25

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📊 Streamlining DeFi lending with cross-chain functionality: X Spaces with Nolus Protocol

While DeFi lending shows growth and offers exciting opportunities, its challenges may hinder mainstream adoption. Kamen Trendafilov, a co-founder of Nolus Protocol, discussed the topic at the recent Cointelegraph X Spaces. Trendafilov believes that the market’s potential is restricted by the overabundance of locked-up collateral since it wastes capital that could be used to minimize counterparty risk.

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DeFi Updates

4 Sep, 09:25

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🚨 DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40%

Decentralized finance (DeFi) protocol Penpie, built on top of tokenized yield platform Pendle, suffered an exploit on Wednesday, crypto observers reported. The alleged exploiter drained roughly $27 million of crypto assets including various types of staked ether (ETH), Ethena's sUSDE and wrapped USDC stablecoin from the protocol, blockchain data shows. Later, it converted the proceeds to ETH using predominantly Li.fi and forwarded to asset to a new address, according to Etherscan data.

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DeFi Updates

3 Sep, 11:25

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💰 Bitcoin DeFi Protocol Seeks to “Save” WBTC from Justin Sun

Threshold, a Bitcoin DeFi protocol with a $212 million market capitalization, has proposed to merge its tBTC token with wrapped Bitcoin (WBTC) in an effort to “save” WBTC from falling into the wrong hands amid a looming change in WBTC’s custody model. The proposal comes after a recent move by BitGo – the custodian behind WBTC – to join forces with BiT Global, a Hong Kong-based company with deep ties to controversial Tron founder Justin Sun.

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DeFi Updates

2 Sep, 22:25

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🪙 Ethereum Still Holds the Lion’s Share of Defi TVL as Tron and Solana Rise

Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today. Despite ethereum (ETH) facing challenges against bitcoin (BTC) and solana (SOL) throughout 2024, its network remains the reigning champion in the world of defi value.

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DeFi Updates

2 Sep, 11:25

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📣 BounceBit to Launch CeDeFi V2 Platform with Modifications for DeFi and Gaming

BounceBit (BB) is getting ready to launch BounceBit V2 in September 2024, which will make significant changes to its centralized decentralized finance (CeDeFi) infrastructure and BounceClub. The new version aims to improve user experience through the inclusion of innovative features from the decentralized finance (DeFi), artificial intelligence (AI), and gaming sectors.

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DeFi Updates

1 Sep, 11:24

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📊 SOFA.org Hosts AMA on The Future of DeFi Settlement

SOFA.org, a decentralized and non-profit DAO developing a decentralized clearing protocol, was joined by Mr. John Cahill, COO of Galaxy Digital Asia, to discuss the project's long-term value-proposition as an industry-wide settlement system, and its secure suite of on-chain structure products. The panel was moderated by the Real Moonlight Show on Binance Live.

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DeFi Updates

31 Aug, 21:24

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📊 DeFi protocol Threshold proposes Bitcoin wrapper merger to ‘save WBTC’

Bitcoin decentralized finance (DeFi) protocol Threshold is proposing to merge its own BTC “wrapper” token, tBTC, into Wrapped Bitcoin (WBTC) in a bid to “save WBTC” following concerns about an impending change in control of the popular BTC wrapper, according to an Aug. 29 proposal in Threshold’s governance forum.

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