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Coinbase has added the native altcoin of the top decentralized exchange (DEX) to its listing roadmap. Coinbase’s customers may soon be able to trade PancakeSwap (CAKE), the native asset of PancakeSwap, a DEX originally built on the BNB Chain. PancakeSwap has expanded to multiple blockchains and now leads all decentralized exchanges in trading volume, recording $228.03 billion in the past 30 days compared to Uniswap’s (UNI) $95.706 billion, according to DeFi Llama. PancakeSwap also recently set its monthly record with $173 billion in trading volume in May. The roadmap addition, announced on Wednesday, has not boosted CAKE’s price: The 116th-ranked crypto asset is trading at $2.25 at time of writing and is down more than 7% in the past 24 hours and nearly 11% in the past seven days. Being added to Coinbase’s listing roadmap means that the top US crypto exchange is considering rolling trading support for the asset in the near future. The roadmap w...

Decentralized, cross-chain “liquidity protocol” THORChain has paused its lending and saving services after the community raised concerns about the project’s solvency. Aside from its core function as a cross-chain decentralized exchange (DEX), THORChain offers generous bitcoin (BTC) and ether (ETH) collateralized “0% interest, no liquidations, and no expiration” loans as well as “Savers” vaults on native tokens. .@THORChain is insolvent In the event of any large debt redemption and/or savers & synths deleveraging, it is certain that TC cannot meet its bitcoin and eth denominated obligations. Validators decided to pause the network while they vote a restructuring plan — TCB (@1984_is_today) January 24, 2025 Read more: Do Kwon escapes extradition limbo — enters US trial limbo THORChain community member TCB pointed to total liabilities of around $200 million between the two programs, backed by just $107 million of (non-locked) liquidity. The thread e...

The proposal would have allowed Uniswap’s governing body to receive a percentage of the fees that currently go to liquidity providers. A proposal to enable protocol fees for the Uniswap decentralized exchange failed on June 1, potentially allowing liquidity providers (LPs) to continue to earn all revenue from swaps, according to the proposal’s official webpage. It narrowly missed being passed, with 45.32% of votes going to the “no fee” camp and 42.34% voting to charge liquidity providers one-fifth of the fees they receive from users. Another 12.3% voted to enact a fee charge of one-tenth and 0.04% voted to charge one-sixth. The “no fee” camp won by a plurality, implying that supporters of a protocol fee may have prevailed if they had united behind a specific fee percentage. Uniswap fee switch vote neck and neck in the final hours. Fun fact, I don't think any UNI vote that's passed on snapshot has been turned down once proposed onchain. pic.twitter.com/lasYGYaELM — Matt (@M...