News
OKX’s X Layer is the 21st blockchain to integrate Aave, which recently surpassed the $1 trillion mark in cumulative lending volume.
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Latest News on DeFi
Decentralized finance, also known as DeFi, is a sector within the overall cryptocurrency and blockchain industry focused on providing a decentralized version of mainstream financial opportunities. In the mainstream world, financial institutions offer customers access to opportunities such as cash storage and loans. However, these offerings are governed by centralized entities.
With the help of distributed ledger technology, or DLT, DeFi solutions offer a number of the same opportunities, but they are controlled by a large number of participants who abide by rules enforced by smart contracts. DeFi solutions also often give greater flexibility in terms of users’ ability to store and control their own assets. Additionally, decentralized exchanges, or DEXs, further decentralize digital asset trading, in contrast to trading on centralized digital asset platforms.
- News
The LDO token is down 95.9% from its all-time high, with a $255 million market cap, even as Lido’s staking protocol still accounts for the largest share of staked Ether at 23.2%.
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Crypto lawyer Jake Chervinsky said legislation covering crypto developer protections has been overshadowed by the intense focus on stablecoin yield in the CLARITY Act.
2457 - News
An ECB working paper found DeFi governance remains highly concentrated, complicating efforts to identify who should fall under MiCA oversight.
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The Bitcoin lending protocol will allocate 2.25% of its token supply to Aerodrome users as it looks to expand activity for its token and stablecoin.
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Lombard CEO Jacob Phillips announced at the Digital Asset Summit that the platform enables institutions to earn yield and borrow against Bitcoin without moving assets out of custody.
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Fira debuted its fixed-rate DeFi lending protocol with $450 million in pre-launch deposits, seeking to make long-term decentralized lending rates more predictable.
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Resolv’s USR dollar stablecoin is trading at just $0.24 after an attacker minted 80 million unbacked tokens, forcing a full protocol pause and reopening fears over stablecoin risk.
1753 - Opinion
Wall Street won’t tame DeFi. Regulation creates compliant tiers atop permissionless liquidity, forcing TradFi to adopt DeFi’s superior speed and composability.
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Aave founder Stani Kulechov says the proposal will move to a binding onchain vote to formalize V4’s deployment on Ethereum.
1657 - News
Executives at Balancer Labs are now pushing for the protocol to be managed by the Balancer Foundation and Balancer’s DAO.
2253 - News
Fidelity called for updated reporting rules and clearer guidance on how decentralized platforms and alternative trading systems should operate under US law.
5472 - News
USR issuer Resolv Labs says its collateral pool remains intact after an exploit on Sunday that minted 80 million unbacked tokens and drove the US dollar stablecoin as low as $0.14.
3221 - News
An attacker has exploited the Resolv USR stablecoin to mint 80 million tokens and has reportedly been able to cash out at least $25 million.
4245 - Altcoin Watch
Weakening onchain activity and bearish derivatives data suggest that a SOL price recovery will take longer than most investors anticipate.
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