DeFi needs institutions — and regulation
The total value of tokens deposited in DeFi applications has just crossed $60 billion, hitting a level not seen since August 2022. This is an impressive milestone for the ecosystem,…
Ethena 2 and ACI offer sUSDe integration with Aave V3 on Ethereum
Ethena 2, along with the Aave Chan Initiative (ACI), proposed adding sUSDe, a synthetic dollar derivative, to Aave V3 on Ethereum. The move aims to leverage Ethena 2’s innovative financial…
Simplified KYC Means DeFi Compliance Without Compromising On Privacy
It’s almost impossible to remain anonymous in the traditional financial world because banks and other financial institutions will always demand some form of identity before they do business with anyone.…
Re-staking platform EigenLayer “flips” Aave in TVL
The total value locked (TVL) of restaking protocol EigenLayer has surpassed that of popular decentralized finance protocol Aave, making it the second largest protocol via TVL. This comes after EigenLayer’s…
Frax Finance Mulls Uniswap-like Reward Mechanism For Token Stakers
The core team behind decentralized finance (DeFi) protocol Frax Finance may soon follow a proposal from leading decentralized exchange (DEX) Uniswap to distribute a portion of its protocol fees to…
Uniswap fee reward mechanism proposal boosts its earnings above Bitcoin
Uniswap has outpaced Bitcoin in fees paid by crypto traders for over a week, with the DEX surpassing Bitcoin on Feb. 14 According to data from Cryptofees, Uniswap raked in…
PancakeSwap Reveals ‘Affiliate’ Initiative to Enable Forks Across Blockchains
Decentralized exchange (DEX) and decentralized finance (DeFi) protocol PancakeSwap has launched a discussion proposal to introduce an “Affiliate” initiative to the DeFi community. The initiative has several goals. These include…
Ethena Labs Announces Epoch 2 of the Shard Campaign
Ethena Labs has been making waves in the DeFi space, especially with their Shard Campaign shaking things up. Ethena Labs started the Shard Campaign to get more people involved and…
Seeking Yield on $37M Ether Treasury, JPEG\'d DAO Mulls Airdrop Farming
The hunt for high-yield crypto investments has prompted one on-chain lending project to consider deploying its treasury in airdrop farming, a favorite pastime for many trading degens. JPEG\'d DAO, the…
DeFi TVL surpasses 22-month high as market goes bullish
The decentralized finance (DeFi) total value locked (TVL) has reached 22-month highs as the broader crypto market witnessed a notable surge. According to data provided by Defi Llama, the global…