Decentralized Exchange

On March 9, according to the official announcement, the DeFi platform Maverick Protocol launched its Decentralized Exchange (DEX) Maverick 1.0 on Ethereum. This agreement is supported by the local automated market making (AMM) engine based on smart contracts built by Maverick team for more than one year, aiming at enabling investors to obtain higher income than UniSwap. Interpretation of this information: On March 9th, the DeFi platform Maverick Protocol introduced its latest project, Maverick 1.0. The platform is a decentralized exchange (DEX) for cryptocurrency trading that leverages the use of…

According to reports, Uniswap, a decentralized exchange, said on Twitter: “If you are building a wallet, what necessary functions will you include?” Netizens speculated that Uniswap might develop a wallet. Interpretation of this information: The decentralized exchange platform, Uniswap, sparked speculations among netizens when it tweeted about necessary functions for building a wallet. This could be hinting at the development of a new wallet product by the platform. Decentralized exchanges are becoming increasingly popular among cryptocurrency investors who prefer the anonymity and security offered by the blockchain technology. The tweet…

It is reported that Dexible, the aggregator of the decentralized exchange, was attacked by US $2 million earlier on Friday. Dexible tweeted that hackers took advantage of a weakness in the smart contract code to allow them to withdraw funds from the encrypted wallet. “A few whales”, namely holders of large cryptocurrencies, accounted for about 85% of the losses. Interpretation of this information: The Decentralized exchange, Dexible, suffered a massive attack on Friday that resulted in losses of US $2 million. The hackers exploited a weakness in the smart contract…