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Showing posts with the label dex

Top Decentralized Exchange Uniswap (UNI) Rolls Out New Protocol Upgrade Across Multiple Chains

Uniswap (UNI), the top decentralized exchange (DEX) by trading volume, has rolled out a new protocol upgrade across multiple chains. The DEX says its new “v4” transforms the protocol into a “developer platform.” “Made possible with the introduction of hooks – contracts that allow anyone to customize how pools, swaps, fees, and LP (liquidity provider) positions interact. Hooks mean unlimited new Features that drive deeper liquidity and more swaps. The lowest cost version of the protocol yet. Pools on v4 are expected to be 99.99% cheaper to create, and swappers can expect significant savings on multi-hop swaps. Plus, native ETH support adds significant savings for ETH pairs.”  Uniswap also says that the upgrade underwent nine audits, a security competition and a $15.5 million bug bounty – none of which unearthed any critical vulnerability. Uniswap v4 is currently live on Ethereum (ETH), Polygon (MATIC), Arbitrum (ARB), Optimism...

Solana-Based DEX Mango Markets Proposes $500,000 Settlement With CFTC

The Solana (SOL)-based decentralized exchange (DEX) Mango Markets has proposed a $500,000 settlement with the U.S. Commodity Futures Trading Commission (CFTC). The DEX’s decentralized autonomous organization (DAO) voted this week to approve a settlement offer proposal that includes the civil penalty and an agreement to cease and desist from violating various commodity regulations. The $500,000 civil penalty, if agreed to by the CFTC, will be paid by Mango DAO and two associated entities, Blockworks Foundation and Mango Labs, LLC. The CFTC and the Securities and Exchange Commission (SEC) launched investigations into Mango Markets after crypto trader Avraham Eisenberg exploited the protocol for $110 million worth of digital assets in 2022. In August, Mango DAO members voted to approve a settlement proposal to the SEC, which accused them of violating several clauses in The Securities Acts of 1933 and 1934. If accepted by the SEC, the proposal would include a ...

New Cryptocurrency Releases, Listings, & Presales Today – Moneta, Pika Protocol, fanC

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In light of the recent downturn in the crypto market, investors are increasingly seeking new token launches to capitalize on profit opportunities. This article offers a curated overview of the new cryptocurrency releases, listings, and presales today , providing insights into promising investment options. New Cryptocurrency Releases, Listings, and Presales Today PIKA, the inaugural launchpad within the Bitlayer ecosystem, is designed to foster innovation and growth on the Bitcoin network. In parallel, Moneta provides a solution enabling users to maintain their long-term holdings while accessing liquidity. This approach allows users to invest in various projects without selling their assets.  Additionally, Mega Dice has successfully raised over $1.7 million for its initiative. As the DICE presale approaches its conclusion, expected by mid-September, investors eagerly await the token’s upcoming listing on a decentralized exchange (DEX). 1. Moneta (MNTA) Moneta aims to enha...

Nobidex launches first decentralized crypto exchange in Iran amid sanctions

As businesses in Iran seek new ways to bypass sanctions , the country has welcomed a de centralized crypto exchange and a non-custodial crypto wallet. According to TRM Labs, a blockchain intelligence company, Iran’s largest centralized crypto exchange , Nobitex launched two de centralized finance services in August 2023: Nobidex, a de centralized crypto exchange , and Locket Wallet, a non-custodial crypto wallet, in an effort to evade sanctions imposed against the country in response to the nuclear program. Nobidex currently supports only the Arbitrum sidechain, offering trading pairs such as WBTC/USDT, LINK/USDC, ARB/USDT, WETH/USDT and WETH/USDC. However, the exchange is expected to support other blockchain networks such as Ethereum (ETH), BNB Chain (formerly Binance Smart Chain), Polygon (MATIC), Tron (TRX), and others. You might also like: Nobitex and Tron dominated Iran trading volumes in 2022 TRM Labs notes that users can access the platform without g...

Base project RocketSwap shares emergency plan following $865K exploit

RocketSwap Labs plans on reaching out to the exploiter on-chain, who stole an estimated $865,000 from the protocol on Aug. 14. Base project RocketSwap Labs has outlined its emergency programme to bounce back from a brute force hack which swiped $865,000 or 471 Ether (ETH) from the protocol on Aug. 14. The team explained on Aug. 15 that they plan on redeploying a new farm contract and open-source it on-chain, relinquish minting rights — presumably of RCKT — and will soon call on the hackers to return the assets, among other things: The emergency programme agreed upon by the team is as follows. 1. We plan to redeploy a new farm contract by dropping the proxy contract and open sourcing it on-chain. 2. The new farm will advance the production reduction plan by 0.075 per block. 3. The team relinquishes… — RocketSwap (@RocketSwap_Labs) August 15, 2023 On Aug. 14, a hacker stole approximately 471 ETH and bridged it from Base to Ethereum, according to blockchain security firm PeckShi...

MuesliSwap will refund users affected by slippage

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The Cardano-based DEX MuesliSwap will refund their users affected by high slippage over the past year. The company explained in a Twitter post that they recognized they fell short of providing adequate clarity on the slippage feature within the MuesliSwap Pool DEX protocol. Slippage can be taken as the price difference between the transaction submission and its confirmation in the blockchain. Important Announcement! At MuesliSwap, transparency and user education are paramount. We recognize that we fell short in providing adequate clarity on the slippage feature within the MuesliSwap Pool DEX protocol. Our decentralized matchmaker setup allowed each matchmaker to… — MuesliSwap Team (@MuesliSwapTeam) August 7, 2023 The team behind the DEX explained that most of their users have been paying a high slippage rate for the last year due to how the decentralized matchmaker was set up. The refund process will take three to four weeks. During this time, the company will gathe...

Decentralizing DCA: This exhange offers gas-free dollar-cost averaging

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Trading volatile cryptocurrencies is no easy task, but the dollar-cost averaging (DCA) strategy holds the key to addressing timing challenges and reducing risk. Cryptocurrencies attract a lot of investors due to their high volatility, but this also poses a significant challenge. The most difficult part of investing in crypto is finding the best time to enter the market. Ideally, the plan would be to buy low and sell high, but the extreme volatility makes it impossible to enter at the right time on a regular basis. However, there is a tested strategy that has been used by investors in traditional markets. It’s called dollar -cost averaging (DCA), and it can be applied to crypto assets like Bitcoin (BTC). The main rule of the strategy is to allocate a fixed amount of money at regular intervals, regardless of the current price. Thanks to the DCA approach, investors can mitigate the impact of market volatility. DCA allows them to buy more crypto when prices are low and less when prices ...