Coin Prices

BNB

$212.01

-0.14%

XRP

$0.499626

-0.09%

OKB

$42.93

-0.25%

EOS

$0.561774

-0.49%

Pepe

$0.00000075

5.14%

NEM

$0.02533188

0.01%

WAX

$0.04132819

1.74%

IOST

$0.0070393

-1.02%

Kin

$0.00001229

-6.76%

Bonk

$0.0000002

-3.83%

OST

$0.00031333

1.35%
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DeFi

Insights and advancements at the advent of decentralized finance.

DeFi
ETH

How the Three Arrows Collapse Changed Ethereum DeFi Lending

Decentralized finance (DeFi) lending has changed—especially following the collapse of major companies like Three Arrows Capital (3AC) last year—and managing risk is now key for the industry’s success, according to Maple Finance CEO Sidney Powell.  Powell, who co-founded DeFi lender Maple Finance, told Decrypt at Messari Mainnet 2023 this week that the DeFi lending space has matured over the past year. Not that it’s had much choice. The implosion of crypto hedge fund 3AC in June 2022, and the co...

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Sep 4, 2023

DeFi

Vitalik Buterin Sells MKR Tokens as MakerDAO Co-Founder Pushes for Solana-based ‘NewChain’

Ethereum co-founder Vitalik Buterin has sold around $580,000 worth of MakerDAO’s MKR tokens, after the project’s co-founder Rune Christensen advocated launching the project’s new chain on a Solana-based platform. In the Discord channel of rival stablecoin issuance platform Reflexer Finance, Buterin offered some suggestions on how to compete with and complement the leading platform in stablecoin issuance, “if MakerDAO is torpedoing itself in weird directions.” MakerDAO, the issuer of the stableco...

by Nivesh Rustgi ·

Sep 4, 2023

DeFi

Lido Dominance Prompts Warnings About Liquid Staking Derivatives

Liquid staking solution Lido Finance now accounts for about a third of all staked Ethereum (ETH), and that is making some community members worry. The increasing clout of Lido, they say, is undercutting the decentralized character of Ethereum as a whole.  "Lido may be the biggest attack on Ethereum's decentralization ('credible neutrality') in our entire history," said Evan Van Ness, an Ethereum developer, in a Twitter post on Friday. In the last year, the amount of ETH staked has risen nearly 9...

by Nicholas Morgan ·

Sep 2, 2023

DeFi

Base Network Rakes in the Fees Riding Crypto's Favorite Memes

Decrypting DeFi is Decrypt's DeFi email newsletter. (art: Grant Kempster) Whether you like it or not Coinbase’s “onchain summer” campaign appears to have been a massive marketing win for the firm. Or more specifically, for the firm’s buzzy layer-2 solution Base. Research from CoinGecko shows that Base was the fastest layer-2 network to hit 1 million addresses, reaching the milestone in just 11 days. Heavyweights like Arbitrum and Optimism took an order of magnitude longer, reaching the million-a...

by Liam J. Kelly ·

Sep 1, 2023

DeFi

Uniswap Ruling Creates Regulatory 'Anomaly' for DeFi: Legal Scholar

As the crypto industry weathers what advocates say are oceans of regulatory uncertainty in the United States, a district judge’s ruling earlier this week dove into decentralized finance (DeFi), and may have calmed the waters for protocols like Uniswap. Tossing out a class action lawsuit on Wednesday, Southern District of New York Judge Katherine Polk Failla found that Uniswap’s investors and developers were not liable under federal securities laws for so-called scam tokens that burned a trader....

by André Beganski ·

Aug 31, 2023

DeFi

PancakeSwap Expands to Coinbase-Incubated Base Network

PancakeSwap, the leading decentralized exchange on BNB Chain, is expanding to the Coinbase-incubated Ethereum layer-2 network Base. Its move to Base is part of the ongoing multi-chain expansion from the PancakeSwap team. After Base, the exchange is also live on four other Ethereum rollups in Polygon’s zkEVM, zkSync Era, Arbitrum, and Linea. Currently, 94.8% of PancakeSwap’s total $1.37 billion in liquidity sits on the BNB Chain, per DeFiLlama data. Base Network Sees Activity Soar Past Arbitrum,...

by Nivesh Rustgi ·