Tags : Protocol

Blockchain

Cross-Chain Protocol PNetwork Loses $12M in Hack

PNetwork, a decentralized finance (DeFi) system that allows different blockchains to communicate with each other, said it lost 277 bitcoins ($12 million) after an attacker found a bug in its code. The attack targeted its pBTC token on Binance Smart Chain, pNetwork said in a tweet. Bridges to other blockchains weren’t affected. The company said […]Read More

Cryptocurrency

Kyber Network (KNC) launches new market maker protocol with high

Blockchain-based liquidity protocol Kyber Network announced the release of the world’s first Dynamic Market Maker (DMM). The newest feature is designed for liquidity providers to optimize fees, maximize earnings, and enable high capital efficiency.  Following extensive research into the benefits of DMMs over automated market makers (AMMs), Loi Luu, co-founder of Kyber Network, concluded that […]Read More

Blockchain

Lido Protocol Does Eth 2.0 Staking but With a DeFi

There’s a decentralized autonomous organization (DAO) that lets ETH holders back Ethereum 2.0 without losing liquidity, and it wants to give its participants a vote. Until Feb. 12, ETH holders have a chance to earn some of the governance token for Lido, a new decentralized finance (DeFi) and staking protocol. There will be other opportunities […]Read More