We are excited to announce that our cover marketplace is now live on the Arbitrum blockchain. https://arbitrum.neptunemutual.net/ Layer 2 scaling solutions have seen very strong growth over the past year or so because of the advantages they offer to users in terms of lower gas fees and faster transaction speeds…

TL;DR Rarible has announced a marketplace builder for Polygon based NFTs. Yves Saint Laurent has filed trademark applications for NFT and Metaverse. University Of Singapore has invented VR Glove to level up user experience in the metaverse. NFTs and Metaverse have continued to attract institutions, public figures and brands despite facing…

TL;DR On January 19, 2023, Thoreum Finance was hacked as a result of smart contract vulnerability, causing the protocol to lose approximately 2260 BNB worth $580,000. Introduction to Thoreum Finance Thoreum Finance is a liquidity mining platform offering static rewards. Vulnerability Assessment The vulnerability is caused by an incorrect implementation of the transfer function in their contract…

TL;DR On January 17, 2023, a flash loan attack on Upswing Finance resulted in the loss of approximately 22.58 ETH, worth $35,800. Introduction to Upswing Finance The domain for Upswing Finance cannot resolve to an IP address, and their Twitter account provides no project-specific details. Vulnerability Assessment The vulnerability stems as a result of a flash loan…

The purpose of bootstrapping liquidity pools is to provide liquidity for new and emerging cryptocurrencies. They do this by incentivizing traders to provide liquidity to these markets. Traders deposit assets into a pool, and in return, they earn a share of the pool returns and are given tokens that represent…

TL;DR On January 17, 2023, the OMNI Real Estate project (ORT Token) on the BNB chain was attacked owing to a smart contract vulnerability, after which the hacker gained 236 BNB worth approximately $70,705. Introduction to Omni Estate Group Omni Group provides decentralized real estate market solution. Vulnerability Assessment The root cause of the attack was the existence…

TL;DR On January 15, 2022, Midas Capital was exploited by a hacker, causing a loss of assets worth 663,101 MATIC amounting to over $660,000. Introduction to Midas Capital Midas Capital is a cross-chain money market solution that unlocks and maximizes the usage of all digital assets. Vulnerability Assessment The vulnerability stems from a miscalculation of token prices…

We are delighted to announce that one of our partners will create and finance initial liquidity for a new diversified cover pool: “Popular DeFi Apps”. Projects to be included in the pool’s portfolio include: 1Inch, Sushiswap, Compound, Uniswap V3, Convex Finance, GMX, dYdX, AAVE V3 and Bancor. The combination of…

TL;DR McDonald’s is set to celebrate the Lunar New Year in the Metaverse. The Australian Open has taken a swing at Roblox Metaverse. AR Rahman announced his new music NFT Metaverse. The numerous attacks on blockchain-based projects show that human integrity is declining, and until morale improves, occurrences like this will…