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Just months after Wormhole's airdrop in April, the cross-chain project will unlock a third of its token's circulating supply this month: 600 million tokens at a current value of about $180 million.
Decentralized finance (DeFi) relies on the power of its users. dYdX, with its commitment to community governance, stands out as a prime example.
dYdX, a prominent crypto exchange, announced on July 23 that its version 3.0 website had been compromised.
dYdX's domain suffered multiple DNS hijacking attacks due to vulnerabilities in Squarespace's OAuth and account recovery protocols, highlighting broader security concerns.
The developer of the decentralized finance (DeFi) exchange dYdX is reportedly negotiating the sale of its derivatives trading software for an undisclosed amount.
dYdX price, a layer-2 decentralized exchange operating on a proof-of-stake blockchain, has experienced a notable price dip in the past 24 hours. The token is trading in a descending trend following market corrections, indicating a bearish trend.
Decentralized cryptocurrency exchange dYdX announced that one of its on-chain trading services had been compromised after an attacker installed a token-draining program on dYdX v3's official website.
This incident is part of a broader wave of DNS hijacking attacks targeting DeFi platforms that use Squarespace for domain management.
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TL;DR DYdX Website Restored After DNS Hijacking Attempt: On July 23, DYdX swiftly restored version 3.0 of its website following a DNS hijacking attempt. Users are advised to clear their cache and restart their browsers before visiting the site. Crypto Hacks in 2024: Hackers stole $542.
The exchange warned users to clear their browser's cache before visiting the website to avoid accidentally caching the compromised version.
dYdX's breach and WazirX's hack highlight crypto's security challenges, with DYDX declining over 4%.
dYdX Trading Inc. is exploring strategic alternatives for its v3 software to focus entirely on the decentralized dYdX Chain, emphasizing the ethos of DeFi.
While the US markets are not yet prepared for an Ether staking ETF, the European markets might lead the way by introducing the first staked exchange-traded fund.
Hackers targeted the websites of prominent decentralized finance (DeFi) platforms Celer and Compound Finance.
The dYdX Foundation (DYDX), a decentralized finance (DeFi) protocol, has released its 2024 Semi-Annual Ecosystem Report, highlighting substantial advancements and user participation in the first half of the year, as per the latest updates shared with Finbold on July 11.
Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.
Version 5.0.0 will bring innovative features to improve market dynamics and user control. The update approved by the Dydx community also includes the implementation of isolated markets to enhance risk management and collateral usage.
DyDx, famous crypto protocol for perpetual trading, has dropped another bomb by announcing version 5.0 of its namesake blockchain.
TL;DR Isolated Margin: dYdX Protocol's version 5.0.0 introduces an isolated margin, allowing traders to allocate collateral to individual trades, enhancing risk management, and protecting funds from unrelated trade volatility. Market Expansion: The update integrates Raydium Markets and launches an Android app, connecting traders to Solana's memecoin ecosystem and enabling mobile trading.
The protocol also announced an Android app allowing users to trade on the mobile phone platform, among other upgrade features.
The decentralized finance (defi) protocol, Dydx, has officially launched version 5.0.0 of its blockchain software, introducing innovative trading features aimed at enhancing market dynamics and user control. This update, approved by the Dydx community, includes the implementation of isolated markets and margins, designed to refine risk management and collateral usage.
Perpetual contracts have become crucial for traders who want exposure to cryptocurrency prices without owning the actual assets. dYdX excels in this area due to its decentralized infrastructure and user-friendly features.
Token Unlocks data shows major releases for APT, IMX, and others, totaling over $240 million.
