Published on May 24, 2024 · Reading time 1 minutes · Created by Fyde Labs
The approval of spot Ethereum ETFs by the SEC was a huge win for the crypto community! We at Fyde have had some wins this week too—let’s dive in.
Last night, Fyde’s risk engine faced its first real-world stress test when $ETH flash dumped by -7%. It responded instantly, pausing the protocol to protect against MEV and arb traders. Keep calm and trust in Fyde; we’ve got your back! Take a closer look here.
We’re thrilled to announce that Fyde is now generating MEV yield for our Liquid Vault depositors! Starting this week, depositors received an additional 6% real yield. This is a significant milestone in the Fyde journey, and we’re excited to continue growing with our community. Learn more here.
Another week, another successful AMA! Catch an exciting chat between Fyde CTO Andrey Stejko, enqAI, and TauLogicAI as they dive into the intersection of AI and crypto. Tune in to the discussion here.
See you next week – with even bigger wins!
Until next time,
The Fyde Team