Bulletin Defi: TVL grew by 15% per month, and Curve announced stablecoin

The decentralized finance sector (Defi) continues to attract increased attention of cryptocurrency investors. FORKLOG collected the most important events and news of the last weeks in digest.

The main indicators of the Defi segment

The Ethereum 2.0: чому volume of blocked funds (TVL) in Defi protocols increased to $ 88.67 billion. The leader became MakerDao with an indicator of $ 8.6 billion, and the second and third lines of the rating hold LIDO ($ 7.45 billion) and AAVE ($ 6.56 billion), respectively.

TVL in Ethereum applications grew to $ 57.03 billion. Over the past 30 days, the indicator has increased by 24% (June 30 was $ 46.11 billion).

The volume of trading on decentralized exchanges (DEX) over the past 30 days amounted to $ 56.5 billion.

Uniswap continues to dominate the non -keastodial exchanges market – it accounts for 66.6% of the total turnover. The second DEX in terms of bidding – Curve (12.2%), the third – Dodo (6%).

Curve Finance will launch its own stablecoin

Decentralized exchange of Curve Finance is preparing to launch its own stablecoin. According to the founder of the project, Mikhail Egorov, the “stable coin” will have a supervision of.

He refused to reveal additional details.

The prospect of launching stablecoin caused a violent reaction among CRV token holders. The asset flew 20% per day.

The Lido Finance team will launch a liquid stake in L2 solutions for Ethereum

The Lido Finance team has announced the launch of the Ethereum 2 liquid stake service.0 in the scaling networks of the second level (L2).

“For users, this means steaking with lower commissions and access to a new set of decentralized increase in profitability,” the developers wrote.

The project team emphasized that it will not be limited to a separate L2 solution. The service will be launched “in all fairly verified networks of the second level with the demonstrated economic activity”. They plan to start with arbitrum and optim.

The number of decentralized applications on the Polygon network exceeded 19,000

The developers of the Ethereum-networks of the second-level solutions Polygon reported on the achievements of the project for the first half of 2022 and talked about plans for the next six months.

By July, the number of decentralized applications operating on the Web reached 19,000, the average monthly number of transactions was 90 million, and the total number of creators of smart contracts exceeded 153,000.

The project paid $ 2 million in the form of remuneration for participation in hackathons and grants through the Gitcoin platform.

The team also created a free online school Polygon Academy and expanded the capabilities of Polygondao.

Investments in Defi

Decentralized trading platform Hashflow Closed the round of financing of the series A in the amount of $ 25 million. The company’s rating reached $ 400 million.

Участниками инвестиционного раунда стали Coinbase Ventures, Kraken Ventures, Electric Capital, Dragonfly Capital Partners, LedgerPrime, Jump Crypto, Wintermute Trading, GSR, Kronos Research, Altonomy, Fabric Ventures, Evernew Capital и другие.

The attracted funds will be directed to “continued scaling, regardless of market conditions”.

Hasflow plans to start on the SOLANA blockchain and offer structured products until the end of 2022.

A network of decentralized oracles Empiric Network On the basis of a scaling solution to the second level, Starknet attracted $ 7 million during the sowing round of financing.

It was headed by Variant, the participants were partners in the data processing of Alameda, CMT Digital, Flow Traders, FTX and GEMINI, standing behind Starknet, a number of other companies and business angels.

Empiric noted that blockchain oracles are necessary to provide smart contracts with external data. Traditional oracles are centralized and use autonomous infrastructure, which gives the final result without the ability to check.

The raised funds will be sent to hire new employees.

Brokes and benches

On July 23, the unknown led about $ 6 million in digital assets from the treasury of the decentralized streaming platform Audius.

The attacker changed the configuration of the smart contract and initialized the harmful proposal for managing.

According to Certik specializing in security, the unknown modified the configuration of the platform smart contract, which allowed him to assign his address the status of the “guardian” and change the voting period.

After that, the attacker posted a proposal to manage a project, which involved the transfer of 18 million Audio to a third -party wallet, and voted in his favor.

At the time of the attack, the market value of the stolen assets was about $ 6 million, however, due to a strong slip in the price, the hacker realized them for 705 ETH (~ $ 1.14 million). According to Etherscan, the attacker transferred funds to the address of the Tornado Cash mixer.

Peckshield analysts noted that the unknown managed to gain access to the Audius treasury due to the “inconsistency” of certain elements of the project storage control system.

Protocol of profitable farm on the basis of SOLANA Nirvana Finance was attacked using instant loan. Attackers deduced digital assets from the project in the amount of $ 3.49 million from the project.

Representatives of Nirvana Finance turned to the hacker with a request to return funds and go to the status of a white hacker. For the identified vulnerability, the project proposed to leave $ 300,000.

According to the statement, the developers managed to find a purse of the attacker on an unnamed centralized platform, and now they are working on his identification.

According to SOLANA blocks observer.FM, hackers used instant Solend loan in the amount of 10 million USDC for manipulating the price oracle of the protocol.

The funds allowed them to release a large amount of Utility tokens of the ANA project, the cost of which, as a result of these actions, exceeded $ 10 million.

Also on FORKLOG:

• OTC platform Marsbase added support for more than 1000 tokens.
• The Lido community rejected the sale of 10 million LDO to Dragonfly Capital.
• Curve Finance applied to a grant of 1 million Op from Optimism.

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