Sudden rise in Canto gives some investors pause

Some online are speculating that the rise in Canto price could be attributed to a spike in the volume of Note — the quasi-stablecoin issued by Canto and pegged to USDT/USDC. Recently, some Twitter users have started to speculate that the Layer-1 decentralized token could eventually face downward pressure due to its connection to Note,…

SushiSwap receives approval to clawback 6.2M SUSHI to Treasury

Members of the Sushi DAO have passed a proposal seeking to retrieve about 6.2 million SUSHI tokens to the Treasury, from early liquidity providers who are yet to claim their rewards. Back in 2020 when SushiSwap was launched, it rewarded early liquidity providers (LPs) with SUSHI tokens that were locked and vested over the period…

Raydium exploiter moves $2.7M to Tornado Cash

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SushiSwap to launch DEX aggregator and decentralized incubator in Q1

Jared Grey Jared Grey is the Head Chef at SushiSwap, a community-driven platform that is building a DeFi ecosystem intertwining its cryptocurrency exchange, leverage & margin trading platform, new token launchpad and NFT artist platform. More about Jared Grey Info LinkedIn Twitter

Nomad exploiter moves roughly $1.57M to Tornado Cash

A wallet address linked to the $190 million Nomad exploit has moved about $1.57 million to OFAC-sanctioned Tornado Cash. Back on Aug 1, 2022, a hacker exploited the Nomad bridge to withdraw about 100 WBTC worth $2.3 million.  The malicious code used for the exploit was exposed, leading to several copycat hacks — resulting in…

GMX Whale address loses $3.4M in hack, GMX falls 3%

CertiK Auditing Firm Company in North America Founded in 2018 by professors of Yale University and Columbia University, CertiK is a pioneer in blockchain security, utilizing best-in-class AI technology to secure and monitor blockchain protocols and smart contracts. More about CertiK Info Twitter LinkedIn

SushiSwap CEO proposes new tokenomics to survive liquidity crunch

SushiSwap’s CEO, Jared Grey, introduced a proposal on Dec. 30 to alter the tokenomics of the SUSHI token in an attempt to revive the protocol amid a liquidity crunch. On Dec. 6, Grey set off a furor in the SUSHI community after announcing that the project’s treasury had a runway of only 1.5 years. At…

Uniswap V3 was the most used Ethereum contract in 2022

Uniswap V3 has become the most popular Ethereum contract in 2022, ranking first when it comes to total gas used throughout the year. According to data from Dune Analytics, Uniswap V3 used up over 2.8 million gas in 2022. This is more than three times higher than the amount of gas consumed in Uniswap V2,…

SushiSwap Head Chef discloses $5.2M budget for DAO operation in 2023

SushiSwap Head Chef Jared Grey has disclosed that the DAO will spend about $5.2 million for its operating costs in 2023, with over 80% of the budget going to salaries. Grey said he was making SushiSwap’s operating cost public, to promote the transparency of the DAO. As I promised in Sunday’s tweet regarding Sushi’s Budget Snapshot…

Selecting a derivatives DEX: An overview & comparison

Trading volume on decentralized exchanges (DEXs) hit $32 billion within seven days in mid-November, recording another high since early June this year. This came after an explosive, tumultuous week in the crypto industry, which drove many investors — both seasoned and new alike — to take refuge in self-custodial, permissionless and decentralized trading platforms. A…