Defi TVL reaches 20-month highs with Ethereum dominating the scene
The decentralized finance (defi) total value locked (TVL) has been constantly rising since the start of the month and is getting close to the $70 billion mark. According to data…
PayPal’s PYUSD users to access yield powered by Backed’s RWAs on Morpho Blue
In a partnership with Morpho Blue and Backed, PYUSD, PayPal’s regulated USD stablecoin issued by Paxos, will offer users access to DeFi yield through Backed’s tokenized real-world assets (RWAs). This…
Sommelier DeFi strategy vaults now live on Arbitrum
Retail investors, priced out of Ethereum mainnet by high gas fees and shifting their attention to layer-2 rollups, now have a 1-click yield vault option on Arbitrum, courtesy Sommelier Finance.…
EigenLayer\'s Cap Lift Prompts $4B Inflow as ETH Restaking Heats Up
Liquid restaking platform EigenLayer has become the fifth largest protocol in decentralized finance (DeFi) following $4.3 billion worth of fresh inflows over the past 10 days. The uptick in inflows…
Prisma Finance Launches $ULTRA-backed PrismaLRT Protocol for LRTs
Prisma Finance, a key player in the decentralized finance (DeFi) space, has introduced a groundbreaking borrowing protocol called PrismaLRT. It aims at revolutionizing the utilization of Liquid Restaking Tokens (LRTs).…
Trader Joe surpasses PancakeSwap to become the second-largest DEX on Avalanche
In a significant development within the decentralized exchange (DEX) landscape, Trader Joe has emerged as a dominant force on the Avalanche blockchain, surpassing PancakeSwap to claim the title of the…
DeFi Protocol Tranchess Launches New Staking Products With Lido Finance
Tranchess, a decentralized protocol specializing in risk-adjusted yield solutions for digital assets, announced the launch of two new staking products in collaboration with Lido Finance, a leading liquid staking platform.…
5 Best DeFi Yield Aggregators in 2024
In recent years, decentralized finance (DeFi) has emerged as an exciting new frontier that is challenging traditional finance (TradFi) in innovative ways. While TradFi requires centralized intermediaries like banks, DeFi…
Equalizer Finance Partners with LI.FI to Enhance DeFi Experience
Equalizer Finance is excited to announce a strategic partnership with LI.FI. It aims at integrating LI.FI’s innovative cross-chain solutions into the decentralized finance (DeFi) platform. This collaboration represents a significant…