DeFi
In-depth research, opinions, and analysis of DeFi trends.
SushiSwap Acquires Derivatives Trading Platform Vortex Protocol With Plan To Launch In Q2
<p>Key Points: SushiSwap reported that it had acquired Vortex Protocol for an undisclosed sum. The on-chain exchange will be a new product under the SushiSwap brand and be built on Sei Network, a blockchain employing Cosmos’ infrastructure, according to the Decrypt report. Unreleased decentralized derivatives exchange Vortex Protocol will provide customers with 10x margin trading</p>
ENS DAO Passed Proposal To Sell 10,000 Ether To Support ENS Labs
<p>Key Points: Delegates of the Ethereum Name Service (ENS) DAO have decided to sell 10,000 Ether from the DAO’s funds in order to pay for the project’s operations for the upcoming 18 to 24 months. The initial submission of the governance plan was made on January 18. Tally data shows that 89% of participants supported</p>
Li.Fi Urged Uniswap V3 Not To Launch On The BNB Chain With Only Bridge Provider
<p>Key Points: The cross-chain DEX aggregation protocol Li.Fi urged the Uniswap community not to deploy on the BNB Chain with only one bridging provider. According to a governance post published on February 6 by the project, Li.Fi has pleaded with the Uniswap community not to proceed with the present vote to authorize the deployment of</p>
DeFi Hacks Top $6 Billion
<p>Key Points: According to statistics from crypto data analyst Kofi, a contributor to DefiLlama, the decentralized finance (DeFi) ecosystem experienced a spike in thefts in 2022, with the total value of stolen cash surpassing $6 billion. Numerous high-profile hacks and security breaches occurred throughout the year, with the Ronin hack standing out as the worst</p>
Arbitrum-based Vest Exchange Successfully Raised New Funds To Solve Liquidity Difficulties
<p>Key Points: Vest Exchange, a decentralized perpetual futures exchange (DEX) on Arbitrum, announced the completion of a seed round of financing from Jane Street, QCP Capital, Big Brain Holdings, Ascendex, Builder Capital, Infinity Ventures Crypto, etc., Although perpetual futures are the most widely used crypto primitive, the following issues have not yet been addressed by</p>
DeFi Will Drive The Next Crypto Bull Market, Says Pantera Capital In A Letter 2023
<p>Key Points: Pantera Capital, a crypto hedge fund, believes that decentralized finance (DeFi) which is one segment of the digital asset field will be the driving force behind the next bull market cycle. According to Pantera’s newest newsletter, CIO Joey Krug, decentralized finance (DeFi) will serve as the cornerstone for the next bull market. Krug</p>
Fantom Ecosystem Vault Is Now Live To Empower Builders
<p>Key Points: Fantom introduces the Ecosystem Vault to aid ecosystem-related initiatives. The Ecosystem Vault is an on-chain fund financed by 10% of the transaction fees on Fantom and controlled by the community. By lowering the burn rate of FTM and diverting the resulting 10% to the Vault, the initiative was made possible. The Vault offers</p>
Paxos Persuades MakerDAO To Hold $1.5 Billion USDP
<p>Key Points: Paxos, a stablecoin issuer, proposes paying MakerDAO a recurring charge for storing up to $1.5 billion in Pax USD (USDP) stablecoin reserves. To encourage the usage of USDP inside the Maker ecosystem and raise the USDP PSM Debt Ceiling to 1.5 billion USDP, Paxos will deliver MakerDAO monthly marketing fees worth 45% of</p>
Swing Launches New Web3 Software Tools To Help Unify Cross-chain Liquidity
<p>Key Points: A new widget and software developer kit (SDK) from Swing, a decentralized cross-chain liquidity protocol, makes cross-chain implementations possible with just two lines of code. 21 EVM-compatible chains, including Ethereum, BNB Chain, Arbitrum, and Optimism, are supported by Swing’s new widget and SDK. Four non-EVM networks, including Solana and Cosmos, will also be</p>
Société Générale Makes Its First DeFi Transaction With $7 Million DAI Stablecoin
<p>Key Points: Société Générale – Forge, the French bank’s strong arm in the cryptocurrency sector, used its vault on MakerDAO to borrow $7 million in DAI stablecoin. This is a great first for decentralized finance (DeFi). The information was confirmed this morning by Sébastien Derivaux, in charge of “Asset-Liability Management” at MakerDAO: It is true</p>
DEX Aggregator OpenOcean Now Expands To Optimism
<p>Key Points: Cross-chain DEX aggregator OpenOcean announced it has expanded to Optimism, allowing users to swap tokens between Optimism and other chains supported by the DEX aggregator. OpenOcean has integrated two bridges, Multichain and Celer, and thirteen liquidity sources on Optimism to provide cross-chain trades. It currently supports over 1,100 cryptocurrencies, seeking to deliver competitive</p>
Ondo Finance Helps Stablecoin Holders More Investment Options In US Government Bond
<p>Holders of stablecoins can now invest in bonds and US Treasury securities thanks to a tokenized fund developed by Ondo Finance, making traditional capital markets more accessible to investors who collectively hold more than $100 billion of non-yield-bearing stablecoins. Investors will obtain tokenized fund interests that may be transferred using permitted smart contracts and other</p>
pSTAKE To Launch stkATOM On January 12, 2023
<p>Key Points: Cosmos ecosystem liquid staking protocol pSTAKE announced that stkATOM would launch in the Interchain on Persistence on January 12, 2023. Previously, stkATOM was scheduled to launch on November 8, 2022, but it was delayed by a Persistence Core-1 chain halt and an incident in which a bad actor skewed the exchange rate of</p>