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Tokenized Credit Platform Centrifuge Plans Institutional RWA Lending on Coinbase's Base, Raises $15M in VC Investment
17.4.2024
CFG, the protocol's native token, spiked as much as 14% after the announcement before paring gains and outperformed other DeFi tokens
DeFi Protocol Tranchess, Scroll, and StakeStone Launch New Yield Product, Queen Stone
17.4.2024
Tranchess, a decentralized protocol specializing in risk-adjusted yield solutions for digital assets, has collaborated with StakeStone, and Scroll to launch a new yield product, Queen Stone (stoneQUEEN).
The post DeFi Protocol Tranchess, Scroll, and StakeStone Launch New Yield Product, Queen Stone...
DeFi Firm Usual Labs Raises $7M Round Led by Kraken Ventures and IOSG Ventures
17.4.2024
The firm has received a commitment of $75 million in total value locked for the launch of its stablecoin USD0
Stader adds Chainlink CCIP & Price Feeds for cross-chain liquid staking
17.4.2024
Stader recently announced that Chainlink CCIP will be integrated across its Arbitrum and Ethereum mainnets. The platform will leverage CCIP’s STT (Simplified Token Transfer) capabilities for ETHx cross-chain transfers. This will enable a secure and seamless cross-chain experience for users....
Restaking protocol comes under the limelight
17.4.2024
Eigen Layer’s mainnet release has brought restaking protocol under the limelight, reopening LST deposits and doing away with all caps related to LSTs. It is also because of late release, which has resulted in many releases. Being an inventive liquid restaking platform, PrimeStaked provides users...
Study: Three-Quarters of Defi’s Total Value Locked Earn 5% APY in Low-Risk Contracts
17.4.2024
In the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role in the resurgence of decentralized finance, bolstered by the Ethereum network’s...
Folks Finance chooses Avalanche for its cross-chain lending app
17.4.2024
Folks Finance recently announced that they are choosing Avalanche for its cross-chain lending app. The DeFi hub offers leveraged trading, lending, liquid staking, on/off ramp, leverage liquid staking, and swaps. Given Folks’ well-rounded product suite, users find it robust and flexible...
Drift Foundation Announces 100 Million Token Airdrop for Solana-Based Dex Users
16.4.2024
On April 16, 2024, the Drift Foundation, which supports the Solana-based decentralized exchange (dex) platform Drift, disclosed plans to distribute 100 million tokens to its users. The tokens will function as the platform’s governance coin, to be utilized by the community and the Drift...
Franklin Templeton unveils Runes as key to Bitcoin’s DeFi evolution
16.4.2024
Franklin Templeton, a renowned investment firm, has released a comprehensive analysis outlining how the integration of Runes could catalyze the growth of decentralized finance (DeFi) on the Bitcoin network. The analysis begins by examining the current state of decentralized finance on the Bitcoin...
Solana releases an update to finish with network saturation
16.4.2024
Solana has released an update for putting closure on network clogging due to spam bots and memecoin trading. The builders at Solana suggest that they incorporate a required network update to combat the clogging impacting the protocol. Mainnet Beta authenticators are being suggested to use...
Zilliqa shares current developments shaping its ecology
16.4.2024
The Zilliqa ecosystem experienced noteworthy advancements in March 2024, which served as evidence of the platform’s ongoing expansion and aptitude for novelty. This month-long summary of Zilliqa’s highlights and successes sheds light on the platform’s ecosystem and its impact...
Liquid Staking Derivatives Lose Ground With Over 380,000 ETH Withdrawn in April
15.4.2024
Following a significant downturn in March, liquid staking derivatives (LSD) protocols experienced another withdrawal of 380,000 ether, valued at roughly $1.17 billion, from leading LSD platforms since April 1, 2024. Ethereum Exodus: $1.17 Billion Pulled From LSD Platforms In the initial two weeks...
DeFi-Focused Berachain Raises $100M in Funding Round Led by Brevan Howard Digital
15.4.2024
Decentralized finance (DeFi) -focused Layer 1 blockchain platform Berachain, announced it has secured $100 million in a funding round led by Brevan Howard Digital and Framework Ventures.
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EigenLayer introduces six new Actively Validated Services
12.4.2024
EigenLayer’s AVS mainnet launch marks a significant milestone in the development of Ethereum staking systems. Active validation services, or AVS, are critical for increasing the security and effectiveness of blockchain networks. EigenLayer restakers manage and secure these services, which...
Chainlink banks on cross-chain transfer and optimum pricing to drive adoption
12.4.2024
Chainlink has laid down ways in which it is aiming to boost CCIP adoption. One, the plan is to rely on cross-chain transfer, not solely though. Second, implement an optimized pricing method. While cross-chain transfer comes as a boon for ETH and other token transfers, optimized pricing is aimed...
Uniswap Labs and Across offer a standard for cross-chain intents
12.4.2024
Uniswap Labs, the team behind the world’s leading decentralized exchange (DEX), and Across, a blockchain interoperability protocol, have jointly proposed a groundbreaking initiative: establishing a standard for cross-chain intents. This collaborative effort aims to streamline and standardize...
The SEC’s Suit Against Unswap Is an Opening Attack Against DeFi
11.4.2024
The DEX received a Wells Notice from the regulator, suggesting an enforcement action is imminent. While we don’t know the nature of the potential charges, the news raises the threat of legal jeopardy for decentralized finance
Chaos at MarginFi Shakes up Solana DeFi's Borrow-and-Lend Landscape
11.4.2024
Solend and Kamino were the biggest winners in the Solana DeFi landscape
First Digital Labs to Launch FDUSD on L1 Blockchain Network Sui
11.4.2024
The stablecoin issuer First Digital Labs has announced its intention to debut its dollar-pegged token FDUSD on the Sui network. This collaboration is described as a “strategic alliance aimed at enhancing liquidity and efficiency of transactions.” FDUSD to Integrate With Sui Blockchain...
Uniswap Labs Receives SEC Wells Notice, Founder Vows to Fight
10.4.2024
In a recent social media post, Hayden Adams, the founder of Uniswap Labs, announced that the company has received a Wells notice from the Securities and Exchange Commission (SEC), expressing his disappointment and determination to contest the notice. SEC Sends Decentralized Exchange Uniswap a Wells...