In our “DeFi” section, we help you understand the new concepts that have arisen with decentralized finance - liquidity pools, smart contacts and more. We'll tell you in simple terms what profitable farming is and how to bet on YiFi and interact with DeFi protocols. Read the “DeFi” section on ForkNews to find out how to make money on DeFi.
The Wormhole cross-chain protocol lost nearly $320 million in a hack. This is one of the largest hacks in the history of decentralized finance (DeFi).
According to Ava Labs, on January 27, the Avalanche smart contract platform processed 1.1 million transactions, which is about 96% of Ethereum's load.
Smart contract platform Fantom celebrated the start of 2022 by becoming the third largest DeFi protocol after total value locked approached $12 billion.
Near Protocol, one of the most talked about decentralized application (dApps) projects, has received $150 million in investments from major crypto companies.
XRP holders can now use their asset to participate in DeFi activities.
The CertiK security audit series reported the DeFi exit scam of the Arbix Finance project.
DeFi project AAVE started the new year 2022 with the announcement of the creation of its own mobile wallet.
On December 19, decentralized finance platform Grim Finance lost $30 million.
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