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Home > News
Published: 29/03/2024
-
Author: Kane
Binance Announces Listing of Athena (ENA) on Launchpool
Binance exchange announces its 50th launchpool project, Athena (ENA), a decentralized protocol issuing stablecoin built on Ethereum.
Azcnews Breaking
Binance has just announced its 50th project on Binance Launchpool – Ethena (ENA), a synthetic dollar protocol.
Users will be able to stake their BNB and FDUSD in separate pools to farm ENA tokens for three days, with farming starting from March 30, 2024, at 00:00 (UTC).
Subsequently, Binance will list ENA on April 2, 2024, at 8:00 (UTC) and open trading with ENA/BTC, ENA/USDT, ENA/BNB, ENA/FDUSD, and ENA/TRY trading pairs. The Seed label will be applied to ENA.
Details of the ENA Launchpool:
Token Name: Ethena (ENA)
Maximum Supply: 15,000,000,000 ENA
Launchpool Token Reward: 300,000,000 ENA (2% of maximum supply)
Initial Circulating Supply: 1,425,000,000 ENA (9.5% of maximum supply)
Smart Contract Details: Ethereum
Staking Requirement: KYC required
Hard Cap per Hour per User:
333,333.33 ENA in the BNB pool
83,333.33 ENA in the FDUSD pool
Supported Pools:
Stake BNB (website will be available in about 5 hours): 240,000,000 ENA reward (80%)
Stake FDUSD (website will be available in about 5 hours): 60,000,000 ENA reward (20%)
Farming Time: From March 30, 2024, at 00:00 (UTC) to April 1, 2024, at 23:59 (UTC).
Register for a Binance account here to start trading.
Related: Binance Announces Delisting of DREP, MOB, PNT
Introduction to Athena
Interface Athena
Interface Athena
Ethena Labs is a decentralized protocol issuing stablecoins built on Ethereum, providing a stablecoin solution independent of traditional banking systems. The project will offer savings tools with a new USD pegged token called Internet Bond.
Ethena’s stablecoin (USDe) is a delta-hedging strategy-based stablecoin solution. USDe will be fully transparently collateralized on the blockchain and can be freely used across different DeFi applications.
Notably, the Internet Bond is built on USDe, and this product will combine profits from Liquid Staking Tokens (LST) as well as the futures and perpetual swap markets. This will be the first blockchain-based bond, functioning as a USD savings instrument for users worldwide.
With this model, Ethena promises to deliver a flexible, transparent, and entirely decentralized stablecoin solution, while also providing attractive savings tools through the Internet Bond. Leveraging revenue sources from LSTs and derivative markets allows the project to generate attractive returns for users without relying on centralized banking systems.
Read More
#athena
#Binance
5.0/5
(1 vote)
Avatar of Anonymous
Anonymous
29/03/2024 at 5:33 am
Hi, please how can Nigerians participate in this amazing project? Thanks
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Home > News
Published: 29/03/2024
-
Author: Kane
Prisma Finance Hacked for $11 Million
Prisma Finance, a leading decentralized finance (DeFi) protocol, has fallen victim to a sophisticated hack related to the FixFloat exchange, resulting in a loss of $9 million.
Azcnews Breaking
Table of Contents
Prisma Finance Falls Victim to $11 Million Attack
According to cybersecurity firm Web3 Cyvers, which was the first to detect suspicious transactions related to Prisma Finance, the attacker, allegedly sponsored by FixFloat, executed multiple transactions aiming to steal 1,965.39 Ethereum (wstETH) initially valued at around $9 million.
Blockchain security company PeckShield confirmed the attack, stating that Prisma’s wrapped assets mkUSD and stETH were among the stolen assets. Subsequently, the hacker converted these assets into Ethereum (ETH), indicating calculated actions aimed at exploiting vulnerabilities in the platform.
Following the initial alert, PeckShield discovered an additional $1 million fraudulent transaction, raising the total stolen amount to nearly $11 million, warning of “an ongoing attack, with the total damages now escalating to ~3,257.7 ETH (valued at ~$11.6 million).”
PeckShield urged wallet owners to remain vigilant and adhere to official notifications to avoid scams. They also warned of other fraudsters taking advantage of the situation, pointing out the presence of a fake Prisma account attempting to deceive users with suspicious links.
In response, Prisma Finance updated users on Twitter regarding the situation. They announced the temporary suspension of the protocol for thorough investigation and advised users to disconnect to prevent further losses.
According to Immunefi, in the first quarter of this year, the cryptocurrency industry suffered $336.3 million in damages due to hacks and scams. Immunefi noted that DeFi, with nearly $100 billion TVL, remains a top target for hackers, while CeFi did not record any exploitation during the same period.
Despite significant losses, $73.9 million (22%) has been successfully recovered after 7 exploit incidents. Additionally, the number of attacks decreased by 17.6% from 74 incidents in Q1/2023 to 61 incidents.
While the $336.3 million loss is substantial, it represents a 23.1% decrease compared to the $437.5 million during the same period last year.
Related: Founder of NFT Collection Milady Targeted by Hacker Attack
Prisma Finance and Price Volatility
Prisma Finance is a decentralized finance (DeFi) protocol that allows users to mint and borrow the stablecoin mkUSD using tokens as collateral assets (LSTs – Liquid Staking Tokens). Currently, Prisma supports 4 types of LSTs that can be used as collateral assets, including: wstETH (Lido), rETH (Rocket Pool), sfrxETH (Frax Finance), and cbETH (Coinbase).
Notably, Prisma Finance is a liquidity-focused collateral token DeFi protocol with a total value locked (TVL) of over $222 million, according to DefiLlama.
Chart Prisma FinanceRead More
#hack
#Prisma Finance
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