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As Multichain Wobbles, Some Fantom-Based DeFi Projects Flee Bridged TokensThe actions showcase how Multichain’s faltering infrastructure and AWOL CEO are sending shockwaves through Fantom, the blockchain most heavily dependent on Multichain’s bridges.
Source: CoinDesk - 🏆 291. / 63 Read more »
DEX Trading Bots: Custom Automated Trading Strategies Are (Finally) Coming to DeFiDecentralized exchanges (DEXs) have become increasingly popular in recent years, and for good reason. DEXs provide greater transparency and control over one's assets than centralized exchanges. However, despite their many advantages, DEXs still face some significant challenges, such as low liquidity, poor user experience and limited trading options.
Source: CoinDesk - 🏆 291. / 63 Read more »
Losses from crypto rug pulls outpaced DeFi exploits in May: BeosinBlockchain security firm Beosin has reported over $45 million was lost to cryptocurrency exit scams, while successful attacks and exploits on DeFi protocols net attackers under $20 million. Meanwhile, there were 10 attacks on decentralized finance (DeFi) protocols that netted $19.7 million. The amount is a nearly 80% decrease from April, and losses from these types of exploits had been on the decline for two months, it added.
Source: Cointelegraph - 🏆 562. / 51 Read more »