📣 Ether.fi Launches Crypto Credit Card with Scroll’s ZK Tech

Ether.fi, a prominent player in the restaking sector, has announced an exciting new partnership with Scroll, a cutting-edge layer-2 blockchain using zero-knowledge (ZK) rollup technology. Ether.fi plans to launch its credit card, ether.fi Cash, and introduce a lending and borrowing marketplace. Scroll, which has been operational since October 2023, has seen its total value locked (TVL) surge from $556 million to $676 million in recent months. This impressive growth reflects the increasing interest in its efficient, low-cost transaction capabilities.

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@DeFi_Updates

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🔵 AAVE Tops DeFi as Market Survives Bearish August

August was a bearish month for the cryptocurrency market, especially because of the Aug. 5 decline. While the market attempted to recover the rest of the month, another downturn followed in the final week of August. Nevertheless, some categories and projects within them have been more resilient than others. More specifically, the Decentralized Finance basket fell by single digits, while its best performer, Aave (AAVE), had a positive rate of increase.

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@DeFi_Updates

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📊Penpie crypto DeFi protocol exploiter successfully laundered all $27M ETH

Penpie Crypto DeFi Protocol is an averagely popular decentralized finance (DeFi) platform designed to enhance liquidity provision and yield farming in the crypto ecosystem. Built on the Pendle Finance protocol, Penpie focuses on maximizing yield for its users by allowing them to split and trade yield-bearing assets. With a user-friendly interface and advanced features, Penpie aims to offer a flexible and efficient DeFi experience.

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@DeFi_Updates

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