India’s 13-Year-Old Coder Raises $300,000 for New DeFi Project – BeInCrypto

Indian teenager Gajesh Naik made headlines earlier this year when he built Gaj Finance, a multichain decentralized finance (defi) protocol, which currently manages some $1.2 million in crypto of user funds.

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Polygon Transactions Drop by Half Following Gas Fee Hike – BeInCrypto

The number of transactions on the Ethereum layer 2 aggregator Polygon has dropped significantly since the team decided to increase the cost of gas. According to the Polygonscan blockchain tracker, daily transactions have fallen from over 6 million earlier this month to around 3.

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Compound Finance Passes Proposal to Fix COMP Distribution Bug – BeInCrypto

Decentralized finance lending platform Compound has passed a proposal that will fix the bug that resulted in millions of tokens being mistakenly distributed last week. The proposal passed unanimously on Oct 7 with 1,037,107 tokens pledged for it and none against it.

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Synthetify DeFi Platform Halts Activity, Says Funds Are Safe – BeInCrypto

The new Synthetify DeFi Platform halted all activity shortly after its public debut because of faulty price data. 
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Solana-based asset exchange Synthetify announced via Twitter a platform wide halt on activities.

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Polygon to Launch $1M Liquidity Mining for Augur Turbo – BeInCrypto

Ethereum layer 2 aggregator Polygon has announced a liquidating mining incentive to bootstrap the predictions platform Augur.
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The Augur-Matic Rewards million-dollar yield farming program has been designed to boost liquidity on Augur Turbo, according to the Sept 30 announcement.

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Kokoa Finance Raises $2.3M to Build DeFi on Klaytn – BeInCrypto

Decentralized finance protocol Kokoa has secured a round of venture capital investment to build DeFi features on Klaytn. Klaytn is the blockchain launched by South Korea’s largest messaging app Kakao.
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In an announcement on Sept 30, Kokoa Finance revealed that it has raised $2.

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DeFi Tokens Rally Following China Crypto Crackdown FUD – BeInCrypto

Decentralized finance (DeFi)-related tokens and exchanges appear to be making a comeback after China announced its latest crackdown on crypto.
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Beijing shaking an angry fist at the crypto industry is nothing new.

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Andre Cronje Announced New NFT Marketplace – BeInCrypto

Coder and DeFi developer Andre Cronje launched a beta version of a new NFT marketplace on the Fantom network. 
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The decentralized network Fantom welcomed its newest ecosystem addition.

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