For years, decentralized finance, or “DeFi,” was treated in traditional finance circles as little more than a speculative casino, frivolous and potentially destabilizing. That perception is changing fast. Hedge funds are experimenting with on-chain liquidity pools, major asset managers are piloting blockchain settlement, and digital asset treasury companies (DATs), chasing the wildly successful strategy of … Read more
PayPal and decentralized finance platform Spark have teamed up to grow liquidity for PYUSD$0.9993 onchain, aiming to scale deposits from $100 million today to $1 billion in the weeks ahead. PYUSD, issued by Paxos and pegged to the U.S. dollar, was recently onboarded to SparkLend, Spark’s lending marketplace. The integration gives users the ability to … Read more
The total amount of capital locked on decentralized finance (DeFi) protocols hit $170 billion on Thursday, a landmark figure as now all of the the losses from the 2022 Terra/LUNA ecosystem collapse and subsequent bear market have been erased. While Ethereum still commands the lion’s share of capital at 59%, newcomers including Coinbase-backed layer 2 … Read more
Ethereum is in the midst of a paradox. Even as ether hit record highs in late August, decentralized finance (DeFi) activity on Ethereum’s layer-1 (L1) looks muted compared to its peak in late 2021. Fees collected on mainnet in August were just $44 million, a 44% drop from the prior month. Meanwhile, layer-2 (L2) networks … Read more
By Omkar Godbole (all times ET unless stated otherwise) DeFi coins are in the spotlight as bitcoin BTC$112,640.82 and ether (ETH) notch modest gains ahead of Tuesday’s big jobs revisions data from the Bureau of Labor Statistics, which are expected to reveal a much weaker job market in the year ended March 2025. Usually, weak … Read more
RedStone, a provider of oracle data feeds for blockchains, is buying Credora, an on-chain credit rating platform backed by Coinbase Ventures, S&P, and Hashkey, among others. The financial terms of the deal were not revealed. The oracle-powered risk rating framework for assets and yield strategies focused on decentralized finance (DeFi) will operate under the new … Read more
The Lido Ecosystem Foundation has rolled out its new GG Vault (GGV), a streamlined solution designed to give crypto users quick and easy access to diversified, high-yield DeFi strategies. GG Vault, which is now available via the new Earn tab, will automatically deploy user deposits across a basket of trusted DeFi protocols, helping investors earn … Read more
ArbitrumDAO has unveiled season one of its $40 million DeFi Renaissance Incentive Program (DRIP), allocating up to 24 million ARB tokens to accelerate decentralized finance growth on the Arbitrum network. The first season of DRIP focuses on leveraged looping strategies for yield-bearing ETH and stablecoins, with incentives flowing to leading lending and borrowing protocols including … Read more
Decentralized lending protocols are surging in total value and set to capitalize on the growing institutional adoption of stablecoins and tokenized assets, according to Binance Research. Decentralized finance (DeFi) lending protocols are automated systems that facilitate lending and borrowing for investors via smart contracts, eliminating the need for financial intermediaries like banks. DeFi lending protocols … Read more
SmartGold, a gold-backed individual retirement account (IRA) provider, has partnered with tokenization platform Chintai Nexus to let U.S. investors put their gold holdings on blockchain rails and earn a yield in decentralized finance (DeFi) protocols. With the structure, IRA-held gold is tokenized 1:1 on Chintai’s regulated platform, then can be put to work as collateral … Read more