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Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout

Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to alt=Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per unit. The Abracadabra-issued stablecoin dropping in value follows the recent terrausd (UST) failure and USDD’s recent volatility last week. Stablecoin […]

Coinbase wrapped Bitcoin deploys on Solana, aimed at growing DeFi market

Lido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg

Lido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH PegOn Friday, the value locked in decentralized finance (defi) protocols dropped to a low of $110.35 billion after there was more than $200 billion total value locked (TVL) eight days ago on May 5. One specific defi protocol called Lido, a liquid staking platform and the second largest defi application in terms of TVL size […]

Coinbase wrapped Bitcoin deploys on Solana, aimed at growing DeFi market