Amid the algorithmic stablecoin debate prompted by what decentralized finance (DeFi) protocol Iron Finance called "the world’s first large-scale crypto bank run," many in the Cryptoverse came down quite hard on Dallas Mavericks owner Mark Cuban for his call for stablecoin regulation - arguing that he should've done due research first, as Cuban himself admitted he didn't do the needed math.
France-based major manufacturer of crypto hardware wallet Ledger said it has "ambitious plans" in DeFi and other new services as it raised USD 380m, valuing the company at more than USD 1.5bn.
Major decentralized exchange Uniswap (UNI) has been put to another test, as the crypto industry is waiting how the platform will react to its copy that has appeared on the Binance Smart Chain (BSC).
May 2021 has been by far the best month for crypto exchanges, both centralized (CEX) and decentralized (DEX) ones, as the total trading volume reached at least USD 2.48trn - a new record.
And yet another two projects on Binance Smart Chain (BSC) suffered incidents, in the form of more flash loan attacks - and this time it's Burger Swap (BURGER) and JulSwap (JULD).
The world of decentralized finance (DeFi) this year, among other developments, will likely see rising popularity of tranche lending, increased use of Layer 2 protocols as a scaling solution, faster tokenization on Ethereum (ETH), and improved mobility of staked ETH, estimates ConsenSys Codefi unit of major ETH-focused blockchain company ConsenSys.
Travel industry player Maps.me has taken the DeFi plunge with a USD 50 million fundraising effort it has described as “an investment into the embedded DeFi ecosystem.”
A group of South Korean companies, including a subsidiary belonging to the software giant Hancom is set to launch a DeFi project – marking a first for a collective of major companies for the nation.