Behind zkLend, a dual solution money market protocol for institutions and retail

zkLend is an L2 money-market protocol built on StarkNet, combining the best of zk-rollups and Ethereum to bring more users to the DeFi market.  To differentiate itself from the growing competition on the market, zkLend offers an innovative, dual solution to the problems faced in DeFi—a permissioned and compliance-focused solution for institutional clients and a … Read more

Mexican soccer club is selling a Bored Ape NFT to help the people of Ukraine

Necaxa, a Mexican professional soccer club in Liga MX, will be auctioning its Bored Ape NFT and donating 100% of the proceeds to organizations that support Ukrainian refugees. Apes for Ukraine Necaxa was one of the first major soccer teams to jump onto the NFT bandwagon, having created the first NFT tied to ownership interest … Read more

MIT includes Ethereum’s Proof-of-Stake in 2022’s top 10 breakthrough technologies

The Massachusetts Institute of Technology (MIT) included Ethereum’s Proof-of-Stake (PoS) consensus algorithm in its 2022 technological breakthrough list. Posted in the MIT Technology Review, the algorithm ranks 6th in the list containing 10 technological use cases, including COVID-19 variant tracking, compact fusion reactors, and long-lasting batteries. MIT sees Ethereum 2.0 as a significant technological breakthrough … Read more

Evmos delays mainnet launch, increases token allocation for upcoming rektdrop

Evmos, the first IBC-compatible EVM-based chain on Cosmos, has delayed the launch of its mainnet. Scheduled for February 28th, the launch was moved to Wednesday, March 2nd, and will take place at 6 PM UTC. To appease the Evmos community, which has been anticipating the launch for months, the network has increased the number of … Read more

The Crypto Crime Series: NFT wash trading is harder than you think

All new technology comes with significant potential for abuse. Non-fungible tokens (NFTs) are no different. And while the new asset class is yet to suffer from major thefts, it lends itself to two pretty profitable illicit activities—wash trading and money laundering. NFT wash trading is a game of luck  Few things in the crypto industry … Read more

Algorand is getting a bridge to Ethereum

The Algorand Foundation has awarded Applied Blockchain a grant to develop the London Bridge, a trustless bridge that will connect Algorand with Ethereum. In a press release shared with CryptoSlate, the Foundation said that the bridge will also enable Algorand’s integration with other blockchain networks and provide a significant influx of liquidity to the growing … Read more

Lido and Idle DAO launch new risk-adjusted ETH 2.0 staking products

Lido, a multichain liquid staking solution, and Idle DAO, a decentralized organization building financial products for Web3, have partnered to launch a novel DeFi primitive. The newly launched stETH Perpetual Yield Tranches (PYTs) were designed to target the more risk-averse segment of the DeFi market, offering an APR ranging from 1.8% to 8%. Idle DAO … Read more

Matter Labs and BitDAO launch a $200 million DAO to bootstrap zkSync development

Matter Labs, the organization behind Ethereum scaling protocol zkSync, announced today that it has launched a $200 million DAO to help accelerate the growth of the zkSync ecosystem. The initiative is made possible through its partnership with BitDAO, one of the largest DAO treasuries in the DeFi market. The proposal for BitDAO to create and … Read more

The NFT sector defined the market last year with returns of nearly 8,000%

It’s hard to pinpoint a moment or a movement in the history of the crypto industry that can quite compare to the popularity NFTs have seen last year. The impact the relatively new asset class had was both deep and wide, seeping through to mainstream media and traditional news outlets. The success NFTs have seen … Read more

There’s over $4.2 billion locked in Ethereum layer-2 protocols

According to data from analytics platform L2BEAT, there has never been more value locked in Ethereum’s layer-2 scaling solutions. With increasing gas fees driving the adoption of networks such as Arbitrum, Optimism, and Loopring, layer-2 TVL increased by more than 44% in less than a month. Users pour their money into L2s as Ethereum fees … Read more