The Avalanche Foundation has launched a $200 million fund dubbed Blizzard. This fund will help in expanding its ecosystem in a bid to bolster innovation on the platform. Blizzard's main aim would be t...

News

Avalanche Foundation Launches Blizzard, a New Development Fund

October has been a great month for cryptocurrencies. Bitcoin, for example, has surpassed $62k, having done extremely well in the past week, with a 45% hike. In the DeFi universe, things are even bette...

DeFi Tokens Outstrip Bitcoin's Weekly Gains as TVLs Spike

•	The market showed impressive growth in 2021
•	The DeFi market size soared by 335% year-over-year
•	The market hit a new record valuation of $98.3bn in September
•	Avalanche, Terra and Uniswap among leading DeFi protocols


DeFi Market Size Soared By 335% Year-Over-Year To Reach $85B

•	The number of DeFi attacks continues to rise
•	Vee Finance loses $35 million to hackers
•	Vee finance becomes the most recent protocol on Avalanche to be attacked
•	The AVAX token continues to rise in value despite network attacks


Vee Finance Loses Millions Days After Mainnet Launch

•	Avalanche is a Layer 1 blockchain that offers compatibility with the Ethereum Virtual Machine.
•	Avalanche activity has soared in recent months
•	Avalanche is EVM compatible
•	Avalanche allows developers to port decentralized applications 

DeFi 101

Avalanche Explained

•	Vee finance gets exploited for $35M
•	Vee Finance team has suspended platform contracts, deposit, and borrow functions
•	The attack comes a day after Vee Finance announced a $300 million TVL

Avalanche’s Vee Finance Hacked And $35 Million Lost

•	Known smart contact bug used to exploit Zabu Finance
•	Hacker minted more than 4 billion reward tokens
•	The price of ZABU token collapses

Avalanche’s DeFi Protocol, Zabu Finance Hacked And #3.2 Million Compromised

•	Hashbon enters the DeFi market with the CDEX platform
•	CDEX to enable users to trade ERC20 tokens for BEP20 tokens
•	Hashbon network plans to use Proof of Stake mechanism
•	HASH token is both BEP20 and ERC20 compliant
