Group C Set for February 3 Final Round in Battle of the Dapps
One more spot to clinch in Group C before the grand finale showdown.
Ready for the Final Combat
Starting off with an intense Group A challenge on January 25 and followed by Group B on January 30, the latest edition of Battle of the Dapps has been nothing short of enthralling. Group A saw RealFevr become the first project to advance to the grand finale ahead of RadioCaca and Stader Labs. Following up, Venus booked the second spot after besting strong opponents in Wombex and DeRace.
Slated for February 3, the winner of the Group C clash will be the last participant to qualify for the grand finale.
The rules of the competition are simple; each project (all coming from a different background) answers a series of questions centered around Security, Longevity, and Community. The project considered to have the best answers by the community and judges will move on to the grand finale.
Check out this article for a full explainer of the rules.
This edition of Battle of the Dapps is sponsored by Lend Finance, a natural extension of the TEN Finance Ecosystem and a decentralized lending protocol for individuals and protocols to access financial services.
The projects competing in Group C are as follows:
- Velvet Capital - A cross-chain DeFi protocol that helps people & institutions create tokenized index funds, portfolios & other financial products with additional yield.
- NFTbMarket - A multichain Gaming & Metaverse platform for digital ownership, empowering GameFi projects with the ability to distribute & raise liquidity.
- Cryptopolis - A Social online NFT game where you can build out your apartment with NFT items, socialize with friends, and play minigames to climb to the top of the Tower.
Set a reminder and tune in to the official BSC News Twitter Space on February 3 at 7 PM UTC to see which of these three projects will join RealFevr and Venus in the Grand Finale of the Battle of the Dapps!
The Grand Finale is scheduled for February 6, at 7 PM UTC, where one of the three winners of the previous rounds will be named the new King of Dapps.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Related News
Prisma Finance Reportedly Hit by $9M Hack: What to Know
Prisma Finance paused its protocol operations for investigation and advised vault owners to disable delegate approval.
Reports have emerged indicating that DeFi platform Prisma Finance, fell victim to a hacking attack amounting to approximately $9 million. Cyvers, a web3 security platform, raised the alert after it detected suspicious transactions linked to the breach.
🚨UPDATE🚨Our system has detected multiple suspicious transactions with @PrismaFi and still ongoing!
— 🚨 Cyvers Alerts 🚨 (@CyversAlerts) March 28, 2024
Total loss so far is around $9M. Attacker has funded by @FixedFloat!
Our system has detected the malicious contract 2 min earlier than hack transactions!👇
Our system would… https://t.co/9myoV8DL22 pic.twitter.com/SxT5yYZy7U
Initial estimates suggest a loss of $9 million, with the attacker reportedly utilizing funds from the crypto exchange FixedFloat.
Backing up Cyvers' findings, blockchain security firm PeckShield has confirmed the attack, providing details on the assets targeted by the hacker. Among the stolen assets are Prisma mkUSD and wrapped stETH.
In response to the breach, Prisma Finance issued a statement on X acknowledging the potential exploit. The project reportedly halted its protocol operations to conduct a thorough investigation into the incident.
Additionally, Prisma Finance advised vault owners to disable delegate approval as a precautionary measure.
We are aware of a possible exploit on Prisma.
— Prisma Finance (@PrismaFi) March 28, 2024
Core engineering contributors will pause the protocol and investigate.
We'll share an update and a post-mortem.
From DeFi Future to Security Concerns
Prisma Finance was initially hailed as the future of decentralized finance (DeFi), offering solutions in the form of a new LSTFi protocol. It enabled users to mint a fully collateralized non-custodial and decentralized stablecoin, mkUSD, using Ethereum liquid staking tokens (LSTs) as collateral.
However, the recent exploit paints a stark contrast to the platform's previous reputation, raising concerns regarding cybersecurity in the DeFi space.
Rising Trends in Crypto Hacks
The hack on Prisma Finance adds to a concerning trend in the cryptocurrency space. According to a Feb. 29 report by blockchain security firm Immunefi, over $200 million worth of cryptocurrency was lost to hacks and rug pulls last February, across 32 individual incidents.
This represents a 15.4% increase compared to the same period in 2023. Ethereum remains the most targeted blockchain, with 12 attacks accounting for over 85% of the total value lost in February.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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