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Value Locked in Defi Loses $5.7 Billion in 5 Days, Smart Contract Tokens Shed 7.8% in 24 Hours

The total value locked (TVL) in decentralized finance (defi) has slid 8.53% over the last five days since August 14, 2022. At the time, the TVL was $67.87 billion but…

Continue ReadingValue Locked in Defi Loses $5.7 Billion in 5 Days, Smart Contract Tokens Shed 7.8% in 24 Hours

DeFi Protocol Aave Bans Justin Sun After He Randomly Received 0.1 ETH from Tornado Cash

Decentralized protocol Aave has banned the wallet address of Justin Sun, the founder and CEO of the Tron blockchain project, for unknowingly interacting with sanctioned Ethereum-based crypto mixer Tornado Cash. …

Continue ReadingDeFi Protocol Aave Bans Justin Sun After He Randomly Received 0.1 ETH from Tornado Cash

Aave DAO Approves the Launch of a Collateral-Backed Stablecoin Called GHO

On Sunday, the non-custodial market protocol Aave announced that the Aave DAO has approved a new stablecoin for the ecosystem called “GHO.” Aave Companies proposed the stablecoin during the first…

Continue ReadingAave DAO Approves the Launch of a Collateral-Backed Stablecoin Called GHO