DeFi
In-depth research, opinions, and analysis of DeFi trends.
Tranchess Launches Non-custodial Liquid Staking Product On Ethereum
<p>Tranchess, an asset management protocol based on the BNB chain, will offer a non-custodial staking service and the qETH token to extend liquid staking on Ethereum. In the lack of a definite date for the Shanghai upgrade on Ethereum, Tranchess has developed around liquid staking systems. Users would be able to withdraw their staked ETH</p>
Nomad Restarts Cross-chain Bridge Progress
<p>On December 7, according to the official announcement, Nomad, a cross-chain interoperability protocol, released a cross-chain bridge restart guide. At present, the upgrade of smart contracts has been completed, KYC verification has been started, and front-end testing is in progress. Cross-chain and minting NFT functions are temporarily unavailable. This smart contract upgrade mainly fixes the</p>
Helio Proceeds To Buy $3 Million Bad Debt In HAY To Recover Its Peg
<p>Protocol for stablecoins Helio, the company behind the US dollar-pegged HAY stablecoin, announced on December 7 that it had purchased $3 million in bad debt in HAY on the open market. Before that, blockchain infrastructure provider Ankr said that it would spend $15 million to repurchase bad debt caused by its recent exploit and the</p>
DeFi Project Mercurial Unveils Project Reform After FTX Exposure
<p>Mercurial, a decentralized finance (DeFi) platform that lets users lend and borrow stablecoins on the Solana blockchain, is overhauling its brand, community, and token distribution. Mercurial will deploy its lending vaults and automated market maker (AMM) pools as a distinct project called Meteora. AMMs are decentralized exchanges that employ smart contracts to obtain liquidity from</p>
Two General Funds M11 USDC On Maple Finance Exhausted
<p>Early warning and monitoring by cryptocurrency security firm Beosin shows that the funds of two Maple Finance M11 USDC mining pools have been exhausted. According to data observed by security risk monitor Beosin EagleEye, early warning and blocking platform monitoring by blockchain security auditing firm Beosin show that two Maple Finance M11 USDC funds have</p>
Orthogonal Trading Defaults on $36 Million Of Loans On Maple Finance
<p>Orthogonal Trading has defaulted on eight loans totaling $36 million on Maple Finance’s lending procedure. Defaults account for around 30% of ongoing loans over the whole protocol. According to reports, the majority of the defaults — around $31 million — are in the M11 USDC pool, which is managed by a different entity named M11</p>
Lending Protocol Nostra Launches Alpha On StarkNet Mainnet
<p>The Alpha version of Nostra’s money market has gone live on the StarkNet mainnet. Nostra initially supports five assets, including ETH, USDT, and USDC, with deposit limits to assist users in risk management. The protocol testnets previously existed on Ethereum for the sake of saving on gas fees. However, Layer-2 protocols are slowly taking over</p>
BarnBridge DAO Migrates To Arbitrum
<p>Protocol for managing DeFi risk BarnBridge announced the migration of its DAO to Arbitrum. Users must bridge their BOND from mainnet to Arbitrum and stake BOND to obtain xBOND in order to participate in protocol governance. Furthermore, BarnBridge intends to shift liquidity from the mainnet BOND/USDC UNI V2 pool and Balancer’s OHM/BOND pool to Arbitrum.</p>
Loopring Launches Proposal To Add The LRC Staking Function
<p>Loopring, the Ethereum Layer 2 protocol, launched a vote on adding the LRC staking function on December 3. The proposal proposes to allocate 45% of the protocol revenue to qualified liquidity pools, 45% to users who staked LRC, and 10% to DAO in the future. If it is to be passed, “yes” votes must account</p>
Fantom Proposes Reducing Token Burn Rate To 5% To Fund For dApp Affiliate Program
<p>According to a recent request dated December 1, directed acrylic graph network Fantom wishes to introduce an affiliate scheme with network gas payments for its decentralized application, or dApp, developers. The Fantom community has advocated reducing the protocol’s existing FTM token burn rate from 20% to 5% to fund this initiative. To be eligible for</p>
Trader Joe Expands To Layer-2 Arbitrum
<p>Trader Joe, a decentralized finance (DeFi) platform, has announced its first extension from Avalanche to the Ethereum environment. On December 1, the decentralized trading platform announced its “multi-chain” expansion into Ethereum Layer-2 scaling solution Arbitrum One, almost a month after announcing its aim to expand to other markets and develop new partnerships. It is part</p>
Compound Proposed Increase 150,000 WETH Supply On Comet
<p>The Compound community is poised to vote on raising the supply limitation for wrapped Ethereum (WETH) in the Comet market, as the current limit is approaching. The Compound vote is based on a proposal submitted recently by Paul J. Lei, protocol program manager at DeFi risk management Gauntlet. Lei’s suggestion advocated for a 100% increase</p>
Telegram Fragment Sold $50 Million Username, Towards Creating Crypto Wallet And DEX
<p>Pavel Durov, the founder of Telegram, just announced Fragment sold $50 million worth of usernames in less than a month. Messaging app Telegram is expressing its ambitions to go deeper into the crypto space with the intention of creating a crypto wallet and setting up a DEX, despite the recent crises. In a personal statement,</p>