Crypto

Crypto

Maker’s Decentralized Stablecoin Is Coming to Cosmos Thanks to Umee

Following Terra’s $40 billion implosion last month, the Cosmos ecosystem is on the hunt for a new decentralized stablecoin.  Today, the team at cross-chain protocol Umee announced DAI will be filling that gap.  “The UST collapse made it absolutely clear...

Crypto

Cosmos-based DeFi Exchange Osmosis Hit by $5M Exploit

Osmosis, a decentralized exchange built using CosmosSDK, has been exploited, draining its liquidity pools for approximately $5 million.  Developers have halted the Osmosis blockchain to prevent further damage.  The decentralized exchange was stopped at roughly 10:49 pm EST today at...

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