$106,476.00
1.35%$2,548.47
0.79%$2.36
0.11%$652.41
0.91%$168.86
1.08%$0.99982
-0.00%$0.226275
2.29%$0.753163
2.95%$0.270858
-0.69%$2,547.36
0.85%$106,300.00
1.29%$3.83
-0.59%$3,072.32
1.06%$15.85
-0.31%$22.58
1.59%$0.288493
1.88%$26.40
-0.88%$0.00001454
1.01%$0.196154
0.89%$8.81
1.17%$398.41
2.34%$3.04
0.44%$94.66
1.07%$4.67
2.03%$0.999855
0.01%$2,551.47
0.90%$366.42
5.78%$2,727.07
0.99%$5.16
0.32%$1.00
-0.00%$0.798677
9.08%$0.00001342
3.47%$1.001
0.01%$106,486.00
1.34%$30.26
0.23%$258.81
-2.12%$6.31
6.38%$418.21
-0.15%$2.79
0.58%$5.15
0.08%$52.06
-0.21%$203.13
1.01%$0.94194
0.39%$1.00
0.00%$0.110238
-0.07%$36.04
-0.64%$0.096566
-0.16%$14.20
11.00%$5.27
1.33%$18.48
0.88%$21.59
0.96%$0.745878
2.05%$1.17
0.04%$0.02842433
2.35%$4.65
0.76%$1.052
-0.00%$0.381383
1.88%$4.92
2.93%$1.00
0.02%$106,061.00
1.20%$0.231424
-0.54%$0.782619
6.95%$0.225286
1.84%$0.397113
1.49%$2.86
0.79%$4.40
0.24%$2.61
-1.11%$1.11
0.17%$0.503808
0.83%$4.55
0.64%$0.00002008
2.43%$2,546.49
0.70%$0.523957
6.86%$0.998347
0.26%$11.51
-1.68%$177.32
0.21%$2,662.71
0.91%$96.31
2.83%$0.910568
7.32%$1.30
6.65%$1.28
2.08%$4.48
-3.91%$1.92
-1.60%$0.01896067
0.35%$1,761.20
-0.18%$0.727224
2.33%$2,898.14
0.90%$0.651609
0.62%$0.222697
0.53%$12.09
1.74%$1.00
0.03%$0.765845
0.15%$0.071137
-1.07%$0.110839
2.22%$106,383.00
1.61%$0.743756
4.46%$0.973521
1.87%$0.00009761
1.15%$2,719.04
0.79%$3.20
2.61%$218.40
1.35%$0.999643
0.02%$0.999708
0.04%$0.893668
1.10%$651.72
0.80%$187.57
1.19%$0.01796711
0.70%$106,571.00
1.51%$0.01939466
3.63%$1.00
0.01%$106,050.00
1.17%$3,303.56
2.33%$0.01292312
4.05%$2,674.13
0.64%$0.897867
2.68%$0.636766
-0.56%$3,318.86
2.20%$0.222581
0.88%$0.761227
-0.87%$0.309902
0.50%$2.34
3.61%$2,667.11
0.90%$0.129381
-2.89%$22.41
1.88%$12.79
1.68%$3.99
1.33%$0.00000073
-0.03%$4.41
-0.20%$35.63
1.84%$0.740972
1.58%$0.117029
0.81%$105,778.00
1.96%$41.33
2.99%$0.066776
-2.77%$2.00
1.68%$0.01962666
-0.23%$1.00
-0.02%$0.619461
0.53%$0.997435
-0.01%$1.83
4.06%$0.403867
0.52%$2.06
0.09%$2.26
11.08%$111.12
0.01%$0.322322
1.60%$1.11
0.63%$0.226228
2.20%$2,546.31
0.74%$2,543.43
0.60%$106,372.00
1.50%$2,676.55
1.88%$0.667995
3.98%$0.9998
0.00%$2.17
16.96%$2,714.12
0.60%$0.632932
1.36%$18.26
0.79%$0.654073
0.20%$0.432709
1.09%$0.00874799
2.04%$2,551.60
0.87%$106,208.00
1.21%$0.998749
0.06%$0.481819
9.19%$2.97
-0.18%$0.152581
1.77%$7.23
-0.58%$0.1878
1.33%$0.426587
1.07%$0.091032
3.11%$103,138.00
2.10%$6.51
0.04%$0.1796
-0.41%$0.00498483
0.90%$0.698475
0.13%$1.67
-0.30%$0.063831
-1.15%$0.999799
-0.01%$0.00002264
0.72%$0.04909558
-0.10%$0.453026
1.50%$1.46
5.42%$0.095768
1.63%$0.00000044
-0.06%$0.0000011
3.66%$0.161444
4.84%$0.04403454
1.37%$1.31
1.39%$2,538.29
0.38%$0.169714
-0.43%$0.430657
10.78%$0.00782403
0.09%$1.087
0.00%$1.001
-0.21%$0.00466712
-0.71%$0.999248
0.07%$105,220.00
1.50%$43.12
0.25%$0.999925
-0.01%$34.62
1.46%$0.352151
-3.35%$3.17
2.02%$0.03820026
4.78%$0.00545956
0.34%$0.999726
0.01%$1.10
-0.10%$2,697.91
0.72%$1.51
-0.52%$0.231644
-0.34%$0.01922048
-0.12%$0.816515
5.61%$1.00
-0.05%$0.00364036
2.90%$134.91
0.69%$0.374518
0.74%$26.31
-1.11%$2,798.51
0.71%$0.8377
0.68%$106,350.00
1.40%$0.00006265
1.21%$3.75
-2.15%$2,779.54
0.77%$0.00000161
1.40%$0.325387
1.14%$0.999266
0.06%$19.58
-0.40%$2,545.04
0.70%$0.289733
-1.23%$0.00075966
3.04%$0.79042
-5.83%$0.227675
1.31%$0.999689
-0.02%$0.99932
-0.07%$22.48
0.86%$2,563.12
1.52%$0.249523
0.97%$0.682275
0.79%$2,746.97
0.68%$18.38
-0.17%$2.68
-0.50%$0.00333505
1.72%$0.497889
0.56%$23.50
0.71%$0.679696
6.27%$26.30
-1.10%$0.00276161
0.41%$3.44
4.63%$0.00
1.81%Reading
The DeFi Education Fund (DEF) on Monday reached an agreement with True Return Systems (TRS) to purchase a patent for oracle-like technology. The disputed patent was at the heart of two legal complaints against MakerDAO and Compound, a pair of decentralized finance protocols.
An oracle is an entity that connects a blockchain to an external system, such as a digital-asset price feed, and is a critical tool in DeFi. The purchase ends the fight against the firm, which the DEF once characterized as a “patent troll.”
TRS had sued MakerDAO and Compound for using oracle-like technology in 2022, claiming ownership to a “method and system for separating storage and process of a computerized ledger for improved function,” according to DEF. But the advocacy group—as well as lawyers for both protocols—disputed those allegations, suggesting the patent lawsuit was overreaching.
“Oracle technology is very important to the DeFi space so… we see a potential issue that could result in developers or users having their rights infringed upon,” DEF chief legal counsel Amanda Tuminelli said Monday to Decrypt.
Amanda Tuminelli of the Defi Education Fund discusses the need for sensible crypto regulation. She says regulators should work with the industry to understand how protocols work before proposing expansive rules that could stifle innovation. Stacy Elliott of Decrypt interviewed her at Messari Mainnet 2023.
DEF declined to disclose the settlement amount, citing the “confidential” nature of the negotiations.
TRS’ lawsuits sought to bar the protocols from “making, using or selling” products based on oracle-like technology, court filings show. But that never came to be. TRS on Monday filed to terminate its lawsuits against the protocols. The decision came shortly after the firm agreed to sell its patent to DEF.
The patent purchase not only guarantees that MakerDAO and Compound can continue to use oracle-like technology to power their on-chain price feeds, but also ensures that other protocols can utilize the technology for a host of other applications, Tuminelli told Decrypt.
“Any protocol using Oracle-like technology… could [have been] next,” Tuminelli said. “Now, the patent can't be used against anybody else.”
Coinbase once again came out swinging Monday against the U.S. Securities and Exchange Commission (SEC’s) yearslong attempt to expand a bureaucratic definition of the word “exchange,” which if successful would bring the DeFi ecosystem firmly under the regulator’s purview. In an eight-page comment submitted to the SEC on Monday, Coinbase Chief Legal Office Paul Grewal chastised the potential rule change as “arbitrary” and “irrational” in several respects, and urged the agency to “abandon its effo...
DEF said plans to dedicate the patent to the public, meaning every protocol will have the legal right to employ the oracle-like technology mentioned in its intellectual property filing.
DEF had been fighting the patent for years, filing a petition with the United States Patent and Trademark Office in late 2023 to invalidate TRS’ patent, in an attempt to nullify the basis for the lawsuits against MakerDAO and Compound.
“ICYMI, we petitioned the USPTO for the cancellation of a patent being used by a ‘patent troll’ to sue DAOs and ‘protocols,’” DEF said in an Twitter post last September. However, it eventually decided to purchase the patent, bringing an end to the matter more quickly.
“We thought the most efficient way to resolve everything—our petition and these two lawsuits—was to settle the case,” Tuminelli said.
Digital assets may be firmly in the mainstream, with institutional involvement and a crypto-friendly president in the White House. But hackers and fraudsters are having a field day so far this year. Crypto users have lost over $1.7 billion to these groups—already 14% more than 2024’s total losses of $1.49 billion, according to blockchain security firm Immunefi. In the same period last year, losses totaled $420 million, the firm said. The report comes amid ongoing concerns about the vulnerabil...
Libre, a regulated real-world asset platform, and the TON Foundation have launched a $500 million tokenized fund on The Open Network, aiming to bring Telegram’s $2.4 billion in corporate debt onto the blockchain for the first time. Dubbed the Telegram Bond Fund, the product allows institutional and accredited investors to gain exposure to Telegram’s outstanding bonds directly through the TON blockchain, according to a statement shared with Decrypt. The fund will also participate in future Telegr...
Solana decentralized exchange Raydium has deployed its native token launchpad, which is designed to rival the popular Pump.fun. This comes almost a month after Pump.fun deployed its own decentralized exchange, cutting ties with Raydium in the process. LaunchLab by Raydium offers a more sophisticated token creation process, compared to Pump.fun’s simplistic approach. The new launchpad allows for deployers to toy with the token supply, how many tokens will be sold on the bonding curve, and how muc...
