DAI

“Discover the Leading DeFi and Web3 Infrastructure Startups Transforming the Industry in Q1 2023: A List of Top 10 Innovators”

Source Node: https://zephyrnet.com/top-10-defi-and-web3-infrastructure-startups-revolutionizing-the-industry-in-q1-2023/
Time Stamp: March 22, 2023 9:12 AM - Modified On: March 22, 2023 - Published By:
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Published by Plato

The world of decentralized finance (DeFi) and Web3 infrastructure is rapidly evolving, with new startups emerging every day. As we approach Q1 2023, it's important to take a closer look at the top innovators in this space, as they are the ones driving the industry forward and shaping its future.Here are the top 10 DeFi and Web3 infrastructure startups to watch in Q1 2023:1. Chainlink: Chainlink is a decentralized oracle network that provides secure and reliable data feeds to smart contracts. It's one of the most important infrastructure projects in

Euler Finance Recovers $5.4M Lost to DeFi Hacker

Source Node: https://zephyrnet.com/defi-hacker-returns-5-4m-to-euler-finance/
Time Stamp: March 20, 2023 5:07 AM - Modified On: March 20, 2023 - Published By:
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Published by Plato

The world of decentralized finance (DeFi) has been rocked by a major security breach. On August 7th, 2020, Euler Finance, a decentralized finance protocol, announced that a hacker had stolen $5.4 million worth of cryptocurrency from its platform. The attack occurred when the hacker exploited a vulnerability in Euler's smart contract code. The hacker was able to withdraw funds from the Euler Finance platform without authorization. The stolen funds included Ethereum, USDC, and DAI tokens. In response to the attack, Euler Finance took immediate action to secure its platform and

Tether Remains Above Peg as USDC Contagion Causes Most Top 10 Stablecoins to Trade Below Value

Source Node: https://zephyrnet.com/nine-out-of-top-10-stablecoins-trading-below-peg-as-usdc-contagion-spreads-tether-sole-survivor/
Time Stamp: March 11, 2023 5:36 PM - Modified On: March 11, 2023 - Published By:
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Published by Plato

The recent market volatility has caused many of the top 10 stablecoins to trade below their pegged value. Tether (USDT) remains the only major stablecoin to remain above its peg, trading at $1.01 as of this writing.The reason for this is that Tether is backed by US dollars, and the US dollar is still seen as a safe haven asset in times of market uncertainty. This means that investors are more likely to hold USDT than other stablecoins, which are not backed by any fiat currency.The other top 10 stablecoins,