📊 DeFi Protocol Ethena Labs’ ENA Token Goes LiveEthena Labs, a decentralized finance (DeFi) platform renowned for its $1.3 billion yield-generating USDe token, has initiated the distribution process for its latest governance token, ENA. In a recent announcement on X, Ethena extended an invitation to USDe holders to claim their portion of the 750 million ENA tokens allocated for airdrop, constituting 5% of the total token supply. These tokens are slated to be listed on centralized exchanges.

Source

@DeFi_Updates

📊 DeFi Protocol Cega's New Options Product Marries Gold, Ether to Offer Up to 83% YieldDecentralized finance (DeFi) projects are continuing to develop structured products, which offer decent returns, market exposure and protection from losses and were previously available only to institutional investors in traditional markets. Last week, derivatives protocol Cega unveiled Gold Rush, a basket options strategy involving the Ethereum blockchain's ether (ETH) token and Tether's gold-backed {{XAUT}} as underlying assets alongside a safety component that protects users' capital from a 30% drop in the assets' prices.

Source

@DeFi_Updates

📣 DeFi hub Chainage seeks tokenholder approval for $13M capital raiseDecentralized finance service provider Chainage, with around $100 million in total value locked, is seeking to raise $13 million for protocol expansion, contingent on tokenholders’ approval within its native decentralized autonomous organization (DAO). According to the April 1 snapshot proposal, the $13 million raise, led by an unknown venture capital firm, will result in the issuance of 50 million additional XCHNG protocol tokens, representing approximately 10% of Chainage’s circulating supply.

Source

@DeFi_Updates

📊 Defi Platforms Lose More Than $336 Million in Digital Funds in Q1 of 2024, Study FindsIn the first quarter of 2024, more than $336 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at $144.48 million in two major hacking incidents. In contrast, centralized finance platforms reported no incidents of hacking or fraud in the first three months of the year.

Source

@DeFi_Updates

🪙 Uniswap DAO prepares to expand $5bn treasury beyond UNI

Uniswap DAO, crypto’s third-richest protocol with a $5 billion treasury, has been content to keep its reserves denominated solely in its native UNI token. But that may be changing. With Uniswap exploring a new revenue-sharing model that will include token holders, the DAO, which administers the decentralised exchange, is seeking ways to extend its runway without depleting the the project’s reserves.

Source

@DeFi_Updates

📣 LendFi Revolutionizes DeFi Landscape With Comprehensive App Launch

LendFi announces the launch of its innovative app, now available for download on both the iOS Store and Google PlayStore. This groundbreaking app introduces a suite of utility features designed to enhance user experience and financial empowerment. Among these are staking, peer-to-peer (P2P) lending, cryptocurrency swaps, integration with GameFi and non-fungible tokens (NFTs), and the pioneering use of artificial intelligence (AI).

Source

@DeFi_Updates

​Establish your crypto brokerage with B2Trader! 🚀*
With a burgeoning community of over 300 million crypto traders globally, @B2Broker, alongside its B2Trader Brokerage Platform, facilitates an effortless entry for startups and established businesses into the dynamic crypto market. 🌟***

Why Opt for B2Trader? 🕵️

1️⃣ Enhance sales with our straightforward, easy-to-use integration tools.
2️⃣ Widen your crypto trading services and community outreach.
3️⃣ Take advantage of the market's growth phase with our tailored enterprise solutions.

Noteworthy Features of the Platform:

✅ Capability to handle 3000 transactions per second.
✅ Engage with over 3000 crypto trading pairs.
✅ Receive instant market updates, with data refreshed every 100 milliseconds.

More to Explore:

📱 Accessible trading interface, CRM, and all-encompassing back-office solutions.
💼 Secure blockchain technology for wallets & an effective system for automated payouts.
🔐 Extensive mobile applications, compatibility with REST and FIX API protocols, and high-end White Label solutions.

Boost Your Brokerage Offerings:
By incorporating trading platforms like MT4, MT5, and cTrader, you can significantly enhance your brokerage services, providing your clients with superior trading experiences through a comprehensive range of functionalities.

Ensure success with B2Trader, your reliable technology partner 🚀

🏦 Coinbase Wallet triumph over SEC allegations is a ‘giant win’ for DeFi

A U.S. judge has determined Coinbase’s self-custody crypto wallet doesn’t make it a broker, which lawyers say is a “significant setback” for the SEC and a boon for DeFi. U.S. District Judge Katherine Failla on March 27 denied Coinbase’s bid to dismiss a Securities and Exchange Commission’s lawsuit, finding the SEC “sufficiently pleaded” Coinbase was unlicensed and its crypto staking offering was unregistered securities.

Source

@DeFi_Updates

📣 Wellfield Announces Strategic DeFi Layer 2 Initiatives on OptimismWellfield Technologies Inc. (TSXV: WFLD) (FSE: K8D) (the "Company" or "Wellfield"), is excited to announce significant developments launching key initiatives exclusively within the Optimism ecosystem, a leading Ethereum Layer 2 (L2) solution. These initiatives, which have been in active development for some time, include the imminent rollout of Wellfield's tokenized gold ecosystem, a strategic upgrade of the Tradewind Ledger, Coinmama's self-custody wallet, and Wellfield's decentralized finance (DeFi) protocols.

Source

@DeFi_Updates