WUSD Incident Recap and Solution

On August 4th, 2021, at 1:49:05 AM UTC, an attack took place on WUSD’s pegging mechanism. You can review the detailed step-by-step of the attack in this article by Inspex. Upon learning of the attack, the Wault team quickly turned off WUSD minting on the UI, and worked with three audit firms to deduce the nature … Read more

Reef Finance announces Samecoin is coming to Reef Chain

Derek E. Silva Aug 3 · 3 min read Reef Finance and Samecoin are announcing today the first stablecoin to come to the Reef Chain ecosystem! Samecoin’s addition to the Reef Chain ecosystem makes it the first stablecoin on the blockchain. Samecoin is a decentralized stablecoin protocol that allows the average person or business owner … Read more

SMART Yield Now Supports RAI, sUSD, and USDT

BarnBridge’s SMART Yield application allows you to receive either fixed or levered variable exposure to underlying lending markets across DeFi. Today, we’re expanding that functionality to the following markets: Reflexer Finance’s RAI on Aave Synthetix’s sUSD on Aave Tether on Compound Note, this comes on the eve of existing junior tranche rewards lapsing for Aave and C.R.E.A.M. Finance … Read more

Reef Finance and OpenDAO Announce REEF now Integrated as Collateral for USDO

Reef Finance and OpenDAO are thrilled to share that REEF token is now approved as collateral for minting USDO stablecoins on Binance Smart Chain! Reef Finance has developed a fast, scalable, and EVM-compatible chain for DeFi applications, Reef Chain. Reef Chain is currently in the canary version of the mainnet and the official mainnet is due … Read more

1inch Network and ICHI partner to create a new stablecoin

ICHI’s Decentralized Monetary Authority (DMA) protocol enables the creation of one1INCH, an in-house stablecoin for easier payments and more lucrative rewards. The 1inch Network is happy to collaborate with ICHI, a protocol for creating the world’s first Decentralized Monetary Authorities (DMAs), in launching a new in-house stablecoin for the 1inch community — one1INCH. This stablecoin will provide … Read more

Mercurial Finance Launching on AcceleRaytor

Building Dynamic Vaults for Stable Assets We’re excited to announce that on May 19, Mercurial Finance will be launching on AcceleRaytor! Mercurial is building dynamic market making vaults, providing low slippage swaps for stables, while also improving liquidity pool profits with dynamic fees and flexible capital allocation. This article will cover the two parts of an … Read more

OIN Finance partners with Harmony to develop a ONE-backed Stablecoin

OIN Finance is thrilled to inform the community of an upcoming partnership with Harmony, a decentralized application (dApp) blockchain that uses next-generation sharding technology. Harmony will be integrating OINDAO services and develop a stablecoin backed by ONE, the native token of the platform. The stablecoin will be used as a base currency for the Harmony … Read more

How OIN is Playing a Vital Role in Crypto Adoption through its Stablecoin system

In order for extraordinary innovations to be adopted in mass, certain criteria must be met. In the case of a currency, for example, it must observe 3 qualities in order to be viable. Most cryptocurrencies function exceedingly well as a store of value, and even add decentralization and extra functionalities to money, but nevertheless fail … Read more

OINDAO: Customizable Stable Coin Issuance on NEAR Protocol

As previously announced, OIN Finance has recently received a grant from the NEAR Foundation with the purpose of building and launching a NEAR-backed stablecoin on OINDAO. We will be taking a comprehensive look at some of the key takeaways of this critical collaboration, and how it will elevate both projects in the fast-growing DeFi industry. The … Read more

OIN Finance receives grant from NEAR foundation to Develop a NEAR-backed Stablecoin

DeFi startup OIN Finance has received a grant of $25.000 from the NEAR Foundation to develop OINDAO, a DeFi infrastructure and stablecoin issuance platform that allows projects to issue their own brand labeled stablecoin. OIN Finance will also help NEAR issue a NEAR-backed stablecoin, which will add DeFi functionality to the NEAR token and unlock … Read more