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DeFi Top Stories
ENF Statement on EOS Network Actions Taken on December 8th
The issue was that of the 45 million tokens sold, only 8 million tokens were vested, whilst 37 million tokens would be still vesting for the next ~7 years.
Through the current means of consensus it was determined that the vesting tokens legally and rightfully belonged to the network.
Through the EOS Network Foundation (ENF) the network formally began engaging in discussions with Brendan Blumer and Brock Pierce on November 7th, leading to an in-person meeting on November 10th.
In fact, the first investment made by the EOS Network Foundation was made by way of financially supporting EdenOnEOS and Dan Larimer.
The ENF will continue to lead the EOS Network as the representatives of the largest DAO in the world.
xDai is Now Integrated on Autofarm!
Can’t stop, won’t stop!
Autofarm is thrilled to be deploying on xDai chain to bring users 7 new vaults!
xDai joins Autofarm as the 14th chain to be supported, launching us even closer towards being a truly chain-agnostic DeFi yield aggregator.
New VaultsSushiSwapUSDC-WXDAIWETH-WBTCSTAKE-WXDAIWETH-WXDAILINK-WXDAIUSDT-WXDAIUSDT-USDCAutofarm is proud to be one of the first yield optimising platform to auto-compound xDai liquidity pools, bringing users even more convenient and maximised returns on their assets!
For users new to xDai, check out our guides on how to set up Metamask for xDai and how to bridge assets over to xDai.
White Whale — Keep the peg. Be the whale.
TL;DR: White Whale = aUST + arbitrage profitsIntroductionWhite Whale is all about arbitrage.
The goal is to enforce the UST peg to 1 Dollar, which is done via Terra’s ‘’market module’.
There are many arbitrage opportunities available in Terra ecosystem, and WW’s second vault will be a Luna vault.
Whale Tokenomics In the above paragraphs we briefly touched on some of the utility of WW’s native token called Whale.
Additional rewards for Whale token holders can be earned through participating in governance, and the token can be used for discounted fees on the platform.
Ascendex - REKT
First BitMart lost ~$196M, now AscendEX has lost $77.7M, again from a “compromised” hot wallet.
AscendEX described themselves as a “group of Wall Street quantitative trading veterans”, so it’s little surprise that they were playing fast and loose with other people’s money.
Claims of “compromised keys” leave us with little to say, and even AscendEX themselves have yet to explain how they let this happen.
One thing’s for certain - the AscendEX Twitter intern has been busy with the delete button.
This has been a brutal loss for Ascendex - as one anon pointed out; “they lost more than their entire series b raise”.
Vulcan Forged - REKT
Vulcan Forged is a “blockchain game studio” and “NFT marketplace” building fantasy play-to-earn games inside what they call the VulcanVerse.
In contrast to the other cases, the Vulcan team has been quick to respond to the incident, posting regular updates on their Twitter feed and promising to both replace the stolen $PYR and remove the custodial wallets.
Is it Vulcan Forged, for a lack of due diligence, or their wallet provider; Venly?
REKT is not responsible for the conduct, whether online or offline, of any user of our Website or Services.
Tornado Cash Introduces Arbitrary Amounts & Shielded Transfers
As soon as your wallet is connected to the DApp, the wallet address will be considered the default “Shielded address” of the funds.
The shielded address is the one that will allow you to log into the app later, check your Tornado shielded balance or receive shielded transfers.
Those shielded transfers can be sent to any chosen address as long as this address is also registered in Tornado Cash Nova.
To obtain full privacy, the same good practices that were recommended for traditional Tornado Cash pools are still required.
With its customized amounts & shielded transfers, Tornado Cash Nova is the first step towards this new & improved version of Tornado Cash.
Glow Token (GLOW) to launch on Pylon Gateway
Glow Yield’s launch is quickly approaching.
The $GLOW token will play a central role in the Glow ecosystem, effectively governing the protocol.
Glow & Pylon Gateway We love the Pylon community and the alignment of our missions is clear.
Last week we proposed Glow Pylon pools and Pylon Airdrops to reinforce this long term alignment of vision and incentives.
We are allocating 21M $GLOW (2.1% of the total supply) in 3 Pylon pools, with a minimum 5k $MINE staked required to enter.