DeFi Updates

2024-03-15 13:12:00 NAV revolutionizes DeFi with structured investment products and regulatory compliance

NAV, a trailblazing quantitative hedge fund, is set to transform the decentralized finance landscape with its innovative Structured Investment Products (SIPs) and commitment to regulatory compliance. By bridging the gap between traditional finance and blockchain technology, NAV offers investors a secure and accessible gateway to the world of DeFi. NAV's groundbreaking approach centers around its SIPs, which are designed to optimize yields while mitigating risk.

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2024-03-14 19:52:01 DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study

The behaviors of borrowers in the decentralized finance space and DeFi market dynamics are important considerations when designing and managing platforms involving tokenized assets, a study by the Bank for International Settlements (BIS) has concluded. The workings of DeFi lending platforms offer useful insight into the risks associated with tokenization and the potential disruption of traditional finance, the technical study by the central bank group said.

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2024-03-14 12:22:01 DeFi exchange dYdX attracts stakers amid $41bn in trading volume

With Bitcoin hitting new highs on a weekly basis, dYdX stakers are earning hundreds of thousands of dollars in trading fees. Stakers on the decentralised perpetual exchange earned an aggregate of $460,000 on March 5, the first time Bitcoin broke past its previous record high of $69,000. In the last 30 days, all dYdX stakers have earned a total of $5 million, according to data from Mintscan. The fees were paid out in USDC, Circle’s US dollar-pegged stablecoin.

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2024-03-13 22:57:00 B² Network Buzz deposit ends with $663M, initiating a new era in Bitcoin DeFi

The BTC ecosystem is the catalyst for this bull market. Within this ecosystem, a rising star, B² Network, has captured the attention of the entire crypto world with the TVL of B² Buzz exceeding $663 million. Two essential parts make up the technological architecture of the B² Network: the Rollup layer and the Data Availability layer. Collaborating to ensure network stability, these structures form the backbone of the B² Network.

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2024-03-13 10:42:00 Solend expands DeFi horizons with Suilend on Sui Blockchain

The team members of Solend, a DeFi lending protocol on the Solana blockchain, have delivered Suilend, its initial project beyond the Solana ecosystem. Suilend utilizes the DeFi knowledge of the team members differently, using the Move programming language and the potential and high level tools of Sui. Solend holds the ninth position in the list of the biggest DeFi protocols on Solana. It takes credit for having $212 million in terms of total value locked (TVL).

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2024-03-13 00:22:01 Ethereum’s Dencun upgrade will make DeFi a lot cheaper to use

Cancun-Deneb, or “Dencun” for short, contains nine different EIPs, or Ethereum Improvement Proposals. Among them, EIP-4844 is the most highly anticipated. It promises to dramatically cut the costs of interacting on layer 2 blockchains like Arbitrum and Optimism. Layer 2 fees will drop by a factor of 10 after the upgrade. That means swapping tokens on decentralised exchanges, which currently costs $1-2, should fall to around 20 cents, and could even go as low as a single cent on some layer 2 networks like Base.

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2024-03-12 09:15:00 Solana DeFi's KMNO Airdrop Sparked Outrage. Kamino Responded With Changes

The new rules will give additional – albeit unspecified – rewards to "OG" users of Kamino, which hosts various decentralized finance (DeFi) products for borrowing, lending, staking and earning interest on Solana tokens. Points-earning strategies will also be lessened, Kamino said in a post on X, formerly Twitter. "We hear you," Kamino's account posted mid-Monday, trying to quell four days of blowback it has faced from users since announcing the details of its airdrop, scheduled for April.

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2024-03-11 19:42:00 DeFi protocol Unizen to provide ‘immediate reimbursement’ after $2.1M hack

DeFi protocol Unizen announced that it will issue an immediate refund to users who lost their funds to an exploit this weekend. Decentralized finance (DeFi) protocol Unizen announced that it would reimburse its users who lost 750,000 or less “as soon as humanly possible” after the platform got compromised, losing about $2.1 million in user funds. On March 9, blockchain analytics firm PeckShield flagged an “approve issue” with the DeFi platform, reporting that over $2 million had already been drained.

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2024-03-10 20:42:00 Solana DeFi Landscape Thrives With Record $11 Billion Trading Volume

The Solana decentralized finance (DeFi) sector is experiencing a period of phenomenal growth, with decentralized exchanges (DEXes) witnessing record-breaking trading volumes and the native token, SOL, reaching a new 20-month high. However, amidst the euphoria, experts advise caution due to potential market risks.

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2024-03-10 09:53:01 DeFi TVL reaches $100B as Bitcoin pumps sentiment

The demand for Bitcoin is fueling sentiment around the crypto industry, driving the capital locked on-chain to over $100 billion on March 9. According to data from DefiLlama, the global total value locked (TVL) in decentralized finance (DeFi) protocols reached $100.1 billion, with more than $10 billion in volume in the past 24 hours at the time of writing. However, these figures still fall short of the $189 billion record set in November 2021.

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