DeFi Updates

💰 Solana-based DePIN io.net CEO claims network was attacked in detailed postmortem Ahmad Shadid, the CEO of decentralized compute provider io.net, has responded to critics who had questioned the number of GPUs truly available on the platform with a detailed post-mortem claiming the network had been attacked by users attempting to spoof GPU availability in return for future rewards. Source @DeFi_Updates

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💰 ShibaSwap’s Shibarium Migration Signals DeFi Evolution Decentralized exchange ShibaSwap has completed its transition to the Shibarium blockchain, departing from its original Ethereum foundation. Shibarium operates as an Ethereum layer-2 network, utilizing SHIB tokens for transaction fees. ShibaSwap has historically incorporated canine-themed applications for intricate DeFi functions, which has sometimes perplexed new users. Source @DeFi_Updates

💥 GambleFi platforms JuicyBet and Azuro are launching mega-farming of two tokens simultaneously! JuicyBet is the GambleFi Ecosystem Projecе, and they are releasing a token in May. 5,000,000 tokens available for farming! Connect your wallet, place bets, and farm Juicy Drops + Azuro Score, then exchange them for tokens. 💥 Every action on the JuicyBet platform pays off: 🔹 Connecting a wallet: 1000 Drops 🔹 First bet/spin: 2222 Drops 🔹 Deposit in the casino (> $20): 300 Drops 🔹 Launching a TG bot: 500 Drops 📈 Additionally, depending on the betting volume, receive rewards: $1K = +2000 Drops $10K = +8888 Drops $100K = +88888 Drops 🔗 JuicyBet communities: Twitter | Telegram | Discord

📣 DeFi DAO introduces permissionless listings with AI enhancement Ooki, a decentralized finance DAO, innovates by combining artificial intelligence and permissionless listings. The decentralized finance (DeFi) space is crowded with thousands of tokens with varying use cases, while coins with new utilities emerge occasionally. While enriching the DeFi ecosystem with diverse investment options, this proliferation of tokens also introduces a significant challenge for users. Source @DeFi_Updates

📣 AI-powered DeFi platform secures $10M investment with upcoming DAO NFA Labs recently partnered with Quantix Capital, receiving a $10 million capital commitment to be used to grow the ecosystem. The latest rally in crypto has not gone by without bad actors intensifying their illicit efforts. The first two months of 2024 witnessed a 15.4% increase in stolen funds, with more than $200 million lost to hacks and rug pulls, while decentralized finance (DeFi) remains the biggest target for culprits. Source @DeFi_Updates

💰 Polygon leads in EVM efficiency as DeFi users favor low transaction costs Layer-1 blockchains are foundational networks supporting various applications directly on their protocol, while Layer-2 blockchains operate atop these foundational layers, enhancing scalability and efficiency. Comparing the usage and efficiency of EVM-compatible L1 and L2 blockchains and side chains helps us better understand the market values and where most of the DeFi activity comes from. Source @DeFi_Updates

📣 Paystand acquires Teampay to be DeFi version of ‘Venmo for B2B payments’ Paystand has acquired spend management software startup Teampay to create what the companies describe as a “no-fee B2B digital payment and spend powerhouse.” The combined company services over 1 million businesses running on a commercial blockchain to more than 1 million participants. It processed more than $10 billion in transactions to date, which it touts is nearly 2% of annual U.S. business-to-business payments. Source @DeFi_Updates

📣 DeFi Lens builds advanced Generative AI for Technical Analysis DeFi Lens – an innovative AI platform combining generative AI and Web3 trustworthy proofs to equip traders, especially those using technical analysis (TA) strategies, and crypto enthusiasts with better market signals and insights. DeFi Lens transforms how traders or crypto users search for alphas, exchange signals & data, and analyze trading strategies. The project is incubated by Oraichain Labs. Source @DeFi_Updates

📣 Crypto Custody Firm Fireblocks Now Offers DeFi Threat Detection for Institutions Cryptocurrency custody specialist Fireblocks is helping institutions exploring decentralized finance (DeFi) from interacting with bad actors and falling victim to malicious attacks with new threat detection and smart contract evaluation tools. Fireblocks’ dApp Protection and Transaction Simulation products, which have been in beta testing since December of last year with Galaxy and Flowdesk, are now available to check decentralized applications across over 40 blockchains. Source @DeFi_Updates