Hedge fund Arca, which holds Gnosis tokens, argues the prediction markets protocol should make a tender offer for GNO because the coin is trading below the project's total assets. While the DAO provides a floor for the token price, it's not clear what upside it will create, Arca Chief Investment Officer Jeff Dorman said. Stefan…

A new bill by US lawmakers has DeFi up in arms after proposing that all stablecoin issuers need to obtain a bank charter, which would potentially make much of DeFi trading and even running an Ethereum node, illegal.  “It shall be unlawful for any person to issue a stablecoin or stablecoin-related product, to provide any…

Another week, another hack… what have we learned this time?

Yearn’s ecosystem has expanded remarkably in the last ten days. In a move first of its kind, Yearn has “merged” with six different DeFi protocols since November 24: Pickle, Cream, PowerPool, Cover, Akropolis and SushiSwap, in that order.  While the conditions of these mergers vary by protocol, most of them are certainly not mergers in…

Cryptocurrency investors are now able to buy insurance on centralized exchange deposits via  Nexus Mutual. Mutual members who have verified their identity with Nexus can purchase insurance claims on select centralized custodians including Celsius, BlockFi, Nexo, inLock, Ledn and Hodlnaut.  NXM holders are also able to stake tokens on behalf of these custodians, essentially stating…

After a series of flash loan attacks where DeFi protocols lost $100M in damages, Yearn acquired Cover Protocol to provide decentralized insurance. The project pays out claims from exploits or certain attacks on smart contracts, using a the  Snapshot voting tool to decide coverage. The claim will move to its Claim Validity Committee (CVC) to…

SushiSwap is the latest DeFi project to combine forces with Yearn Finance as Andre Cronje’s protocol continues with its merger spree to expand services to the addressable market.  As the announcement became public, there were no remarkable price jumps $SUSHI on the day of the announcement, however, it kept its price around $1-$2, a 98%…

Yearn Finance announced a merger with Akropolis, trailing a series of Yearn partnerships and recent ecosystem hacks.  Earlier this month, Akropolis lost $2M in an exploitation attack. This technical partnership highlights the permissionless nature of DeFi, where Akropolis could make the unilateral decision to integrate itself in the Yearn ecosystem. Akropolis enables under-collateralized lending protocol…

Aave’s Aims for a Seamless DeFi With Flash Loan-Driven V2 Aave, the third-largest DeFi lending protocol by assets, today unveiled its V2 revamp, where it leverages flash loans to make DeFi more seamless and composable. Aave’s V2 includes several enhancements of its lending products, many of which are powered by flash loans. Flash loans don’t…

Curve passed a unanimous governance vote to distribute $3M worth of protocol fees to CRV holders staked into the CurveDAO over the weekend. With just under 50% of all staked token holders voting on the proposal, the 100% majority vote signals strong alignment for the stablecoin AMM to distribute the 2.9M yCRV accrued to the Set converter over the…