“We believe it is time to take this model to the next level and supercharge CAKE towards a deflationary model based on real yield and CAKE burn,†a blog post said.
ArkotNews
Sushi DEX Recovers 100 Ether After Millions Lost on Weekend Exploit
‘White hat’ hackers are working to recover more of the stolen funds as of Monday.
M11 Credit Resumes Crypto Lending on Maple Finance After FTX-Spurred Pause
The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.
Bitcoin Faces Low Risk of 'Liquidations-Induced' Price Volatility After 70% Surge
Liquidations refer to the forced closure of bullish long and bearish short positions in leveraged perpetual futures markets. They often exacerbate price moves.
DWF Labs Invests $16M in RACA to Spur Web3 Gaming Ecosystem
RACA has evolved from managing the NFT collection of Elon Musk’s mom to a Steam-like blockchain gaming ecosystem.
S. Korean Crypto Exchange Gdac Hacked for Nearly $13M
The exchange said hackers transferred the crypto assets from a hot wallet to an unidentified wallet.
Asia-Based Digital Asset Firm Hashkey Group Introduces Wealth Management Service
HashKey has also expanded its OTC service by expanding its liquidity coverage and range of tokens in the spot market.
Bitcoin Miner Sphere 3D Sues Partner Gryphon Digital
Gryphon sent $500,000 worth of its business partner's bitcoin to a hacker pretending to be Sphere 3D's CFO, the lawsuit claims.
Multicoin Leads $4M Strategic Round for Web3 Co-Ownership Platform Lore
The platform, now in public beta, allows groups of people to share non-fungible tokens (NFT) for expanded access and utility.
Crypto Investors: Why You Need to Understand Layer 1 Protocols
There’s value in crypto, especially layer 1 protocols, even if regulators and politicians don’t dig enough to see it.