DeFi & Ethereum News

2024-04-06 20:01:54 Restaking Emerges As Ethereum’s Second Largest DeFi Sector

The study highlights EigenLayer’s restaking protocol as an important component for new services and middleware on the Ethereum network, potentially offering significant ETH rewards for validators in the future. Ethereum’s proof-of-stake (PoS) consensus mechanism is the largest economic security fund in the crypto space, with nearly $112 billion. While validators securing the network traditionally earned base rewards on locked-up ETH, the introduction of liquid staked tokens (LSTs) paved the way for participants to engage with DeFi by trading or leveraging their staked assets.

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-04-06 12:24:55 BTCFi innovation to match Ethereum DeFi in the future — MerlinSwap co-founder

Bitcoin decentralized finance (DeFi), or BTCFi, is a recent paradigm seeking to bring DeFi capabilities to the world’s first blockchain network. Provided that its current adoption rate continues, BTCFi could match the innovation of Ethereum-based DeFi in the future. Showcasing investor demand for Bitcoin-native DeFi applications, decentralized exchange (DEX) MerlinSwap raised 6,599 Bitcoin worth $480 million during its initial DEX offering (IDO) on April 5. The IDO attracted over 52,000 participants.

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-04-05 18:51:55 SushiSwap governance proposal suggests shifting DAO treasury assets to new Sushi Labs vault

SushiSwap governance proposal suggests transferring assets from the DAO-controlled treasury to a new one controlled by Sushi Labs, while also ensuring that all future airdrops are directed to the Sushi Labs vault. "We request that Sushi DAO award a grant of 25 million Sushi tokens to Sushi Labs, including assets from the Arbitrum airdrop, business development, and partner grants, Kanpai 2.0, Sushi 2.0, rewards, stablecoins, and 'Sushi House' funds," the proposal by SushiSwap developer Jiro said.

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-04-05 11:24:56 Upcoming DeFi rules in Europe could ban non-decentralized protocols

Decentralized finance protocols in Europe could soon be under new regulations as the European Commission evaluates the space. According to the Markets in Crypto-Assets (MiCA) — the regulatory framework that governs digital assets within the region — the European Commission is required to prepare a report by Dec. 30, 2024, evaluating the decentralized finance market and the feasibility of specific regulations for the sector.

Source

https://t.me/DeFi_Ethereum Open / Comment

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2024-04-04 21:11:56 DeFi developers behind crypto exchange Phoenix close $20 million Series A round

Ellipsis Labs today announced $20 million in Series A funding, led by Paradigm with participation from Electric Capital. The company’s debut product, a decentralized exchange called Phoenix, went live in February 2023, with its public-facing user interface launching last August. The funding will accelerate its efforts to “create a new financial ecosystem that offers competitive financial products on top of high-throughput blockchains,” the company said in a statement.

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-04-01 18:11:59 Defi Platforms Lose More Than $336 Million in Digital Funds in Q1 of 2024, Study Finds

In the first quarter of 2024, more than $336 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at $144.48 million in two major hacking incidents. In contrast, centralized finance platforms reported no incidents of hacking or fraud in the first three months of the year.

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-03-30 20:44:59 Uniswap DAO prepares to expand $5bn treasury beyond UNI

Uniswap DAO, crypto’s third-richest protocol with a $5 billion treasury, has been content to keep its reserves denominated solely in its native UNI token. But that may be changing. With Uniswap exploring a new revenue-sharing model that will include token holders, the DAO, which administers the decentralised exchange, is seeking ways to extend its runway without depleting the the project’s reserves.

Source

https://t.me/DeFi_Ethereum Open / Comment

2024-03-29 22:02:00 LendFi Revolutionizes DeFi Landscape With Comprehensive App Launch

LendFi announces the launch of its innovative app, now available for download on both the iOS Store and Google PlayStore. This groundbreaking app introduces a suite of utility features designed to enhance user experience and financial empowerment. Among these are staking, peer-to-peer (P2P) lending, cryptocurrency swaps, integration with GameFi and non-fungible tokens (NFTs), and the pioneering use of artificial intelligence (AI).

Source

https://t.me/DeFi_Ethereum Open / Comment

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