Uniswap awards DeFi auditor £33k for finding smart contract exploit

Coding Exploit

Uniswap may have saved itself being exploited for millions of pounds thanks to an auditor that identified a smart contract vulnerability on the decentralised exchange.

Dedaub, a smart contract security and auditing firm, revealed Uniswap has paid it $40,000 (£33,500) for flagging a potential weakness in the exchange’s Universal Router smart contract. The weakness could have enabled hackers to drain users funds in the middle of a transaction.

Uniswap launched its bug...

5 January 2023 | Blockchain Applications

Uniswap lets users buy crypto with card deposits and bank transfers

A collection of Sterling notes.

Users of decentralised exchange Uniswap are now able to buy cryptocurrency on its web platform using credit cards, debit cards, and bank transfers.

The feature upgrade is the result of a partnership with fintech firm Moonpay and is being rolled out worldwide, although the bank transfer option is exclusive to customers in select US states, the UK, Brazil, and the Single Euro Payments Area (SEPA).

Uniswap has said that users looking to convert fiat currency to...

22 December 2022 | Cryptocurrency

Sommelier raises £16.7m in Series A funding for automated DeFi protocol

Virtual Machine Graphic

Sommelier Finance, the Ethereum-based project designed to automate decentralised finance (DeFi) trading, has raised £16.7 million in its Series A funding round.

The round was led by Polychain Capital with participation from existing investor Alameda Ventures and new participation from Zola Ventures, Byzantine Ventures, Tendermint Ventures, Secure Ventures, D1 Ventures, and Ferngrove Ventures.

Sommelier was founded in 2020 by Zaki Manian, the former lead developer of...

21 October 2021 | Blockchain Applications

OpenSea overtakes Uniswap in Ethereum usage

NFT marketplace OpenSea is currently outshining Ethereum’s largest decentralised exchange, Uniswap, in terms of transaction fees.

Since 2020, Uniswap has typically commanded the most in daily transaction fees, a key barometer for actual usage of the world’s second-largest blockchain.

However, the emergence of NFTs earlier in 2021 began to threaten Uniswap’s top spot, with the marketplace platform now firmly ahead in Ethereum usage.

As of August 10,...

10 August 2021 | Decentralised Finance (DeFi)

Chainalysis support extended to six DeFi-focused tokens

Analysis Software

Blockchain analysis firm Chainalysis, which was recently valued at £3.6 billion, has added advanced investigation and compliance support for six widely-used ERC-20 tokens.

Of these tokens, five belong specifically to decentralised finance (DeFi) protocols, while the remaining ‘renBTC’ is designed to allow for the permissionless transfer of Bitcoin to and from Ethereum for use in DeFi applications.

Collectively during Q2 2021, the six tokens had a combined trading...

4 August 2021 | Altcoins