On Friday, July 5th, 2024, at 13:15 UTC, the DefiPlaza DEX on Ethereum suffered a devastating attack that drained all user funds. This post-mortem analysis aims to provide a detailed explanation of the exploit, the timeline of events, and the steps the team is taking moving forward. We are committed to full transparency and accountability […]
Category: Blog Posts
Together with the Radix Foundation we are launching the biggest liquidity incentive program on Radix to increase the TVL of DefiPlaza on Radix with wrapped assets. It is called Project Ignition and it goes live on March 14. Up to 20% of your liquidity’s USD value will be immediately airdropped to your wallet once you […]
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Our Plans for Babylon
It won’t be surprising to most that we have long thought about expanding to the up-and-coming Radix L1 chain. The move to become a multi-chain platform is not to be taken lightly, but in reality, we have planned for this since we went live with our DEX on Ethereum. And with the community unanimously voting […]
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Introducing DFP2 on Radix
DefiPlaza is an Ethereum Decentralized Exchange that launched in 2021 to make DeFi affordable again. Since then, we’ve proven our technology and demonstrated consistently to be able to provide the lowest gas cost transactions on our two exchanges: DefiPlaza & StablePlaza. DefiPlaze is a multi-token exchange for 16 of the most-traded tokens on Ethereum and […]
Because we already get a lot of questions about what StablePlaza will look like, we’d like to explain as much as possible in this blog post. Some details might change during implementation and I’ll update this post if they do.
In the previous article we looked at why DefiPlaza makes for an attractive value proposition to end-users. If you haven’t read that, check it out! In this instalment we’ll take a closer look at the liquidity provider side of things. The economics for liquidity providers consist of two parts: revenue and costs. The economics of providing liquidity […]
Since the publication of the original article on DefiPlaza, a lot has happened. Among other things, EIP-1559 has finally been implemented which many people had hoped would help reducing gas prices. Unfortunately, prices haven’t come down at all, and Ethereum transactions are more expensive than ever. Thus, the DefiPlaza value proposition is as relevant now as it ever was. […]
Since the meteoric rise of DeFi last year we have many options to exchange tokens using several decentralised exchanges built straight onto the block chain. They work great and have been a massive boon to the fledgling DeFi industry. UniSwap could even be called the spider in the DeFi web. All is not well however, […]