dYdX, the leading decentralized perpetuals exchange, is taking a stand against Maximal Extractable Value (MEV) ahead of its migration to a Cosmos-based appchain.
The dYdX Foundation published a list of preferred practices for dYdX Chain validators and stakers.
The manifesto warns that validators engaging in malicious MEV will face punishment.
The foundation added that delegates could also face repercussions should they support valid…
PayPal has launched its own stablecoin called PayPal USD (PYUSD).
PYUSD is fully backed by U.S. dollar deposits.
It can be bought or sold on PayPal’s app or website for $1.00 per PYUSD.
The stablecoin is designed to reduce friction for in-experience payments in virtual settings and allowing direct flows to developers.
PayPal Launches PYUSD Stablecoin
PayPal has launched its own stablecoin called PayPal USD (PYUSD). The compan…
Binance Adds Shiba Inu
Binance, the world’s largest crypto exchange platform by volume, has announced its support for the memecoin Shiba Inu (SHIB) as a collateral asset for one of its loan programs. According to a company statement, Binance is adding SHIB, along with a handful of other altcoins, as collateral to its flexible loan program. This move by Binance is likely to increase the popularity and usage of SHIB among crypto traders and …
Curve founder Michael Egorov’s borrows of millions against his CRV holdings threaten to destabilize a wide swath of DeFi.
Rather than wait for liquidation chaos, some protocols are taking active measures.
The DAO that governs the lending platform Abracadabra has approved an emergency measure to change the way it tracks the prices of those tokens.
Reserve Protocol is asking for help to establish “a more robust incident response strat…
