DeFi
In-depth research, opinions, and analysis of DeFi trends.
Compound Finance Imposes Lending Limit After Aave Incident
<p>Faced with a serious incident from Aave that took place last week, Compound Finance quickly took precautions for itself. Users of the decentralized finance lending platform Compound Finance have approved a proposal to limit the protocol’s maximum borrowing to 10 tokens. The proposition put out by financial modeling firm Gauntlet was approved by a majority</p>
Euler Finance’s Proposal To Move WBTC To WBTC Chainlink Oracle
<p>Protocol for lending The Euler Finance community has issued proposal EIP 31, which seeks to add WBTC to an explicit Wrapped Bitcoin Chainlink oracle, claiming that the present oracle values WBTC as BTC, which does not account for the risk of WBTC trading at a different price. Change the WBTC oracle to a WBTC-ETH to</p>
Asset Management Protocol Tranchess Live On Ethereum
<p>Asset management protocol based on the BNB chain, Tranchess stated that it is now operational on Ethereum and has released its Ethereum liquid staking solution qETH. Users can deposit ETH in order to obtain qETH and earn dividends. On Balancer, there will be a qETH-ETH liquidity pool. Meanwhile, the asset management protocol has joined forces</p>
Decentralized Oracle Band Protocol To Deploy On Sei
<p>Layer-1 blockchain Sei announced that Band Protocol, a cross-chain decentralized oracle, will be deploying on Sei as the oracle provider. The oracle solution from Band Protocol gathers and connects data and APIs to smart contracts, enabling the development of DeFi applications on-chain. Band Protocol is a cross-chain data oracle aggregating and connecting real-world data and</p>
PancakeSwap Launches Smart Router To Execute Trades Across Multiple Pools
<p>In order to improve liquidity and price, PancakeSwap announced the introduction of Smart Router, a routing mechanism that connects the AMM and StableSwap. Trading between BUSD and HAY will be supported by StableSwap on PancakeSwap initially; additional pairs and liquidity pools will be added later. Smart Router may be used to swap stable coins or</p>
Lending Protocol Vesta Finance Establishes Emergency Reserve
<p>Arbitrum-based lending protocol Vesta Finance announced the official launch of Vesta Emergency Reserve, whose top priority is to compensate users in the event of a shortfall event. According to Vesta Finance, all fees accrued thus far and in the future within the Vesta ecosystem will automatically be added to the Vesta Emergency Reserve. The project’s</p>
Cardano DeFi Project Ardana Come To A Halt
<p>A Cardano-based decentralized financial project called Ardana (DANA) has stopped its development. The defi project abruptly stopped work on the project on November 24 due to funding and project timeline uncertainty. The project will continue to be open-source for developers, and Ardana Labs will hold onto any remaining treasury funds until another capable dev team</p>
ConsenSys Gives Explanation After New Privacy Policy Received Backlash From Users
<p>ConsenSys has had to explain about an update to its privacy policy that says it collects some data related to user identification, which has prompted a backlash from the community. ConsenSys has become the next name to make a significant shift in its new privacy policy for regulatory compliance. However, it also caused a wave</p>
Top 10 DeFi Projects By Social Engagements
<p>Decentralized finance (DeFi) is filling the gap between the novelty world of cryptocurrencies and the traditional financial system we are aware of. The DeFi project provides users with some financial services such as loans, lending, and insurance, which are normal with traditional financial institutions. In the crypto market, not all crypto projects include these financial</p>
Llama and Gauntlet Propose Ideas to Help Aave Pay off $1.6 Million DeFi Debt
<p>A governance proposal has been made on Aave to pay the DeFi lender’s $1.6 million bad debt due to Tuesday’s short attempt connected to Mango Markets exploiter Avraham Eisenberg by the Llama and Gauntlet. Due to a well-publicized short on Curve DAO (CRV) tokens, Aave accrued bad debt. The CRV price initially dropped as the</p>
DeFi Can Eliminate Financial Risk, According To The Bank Of England
<p>Decentralized finance (DeFi) protocols do not yet provide an effective way to manage risk, the Bank of England deputy governor warned on Monday. The claim by DeFi advocates that a code can manage risk, rather than intermediaries, is unproven, Jon Cunliffe told an audience at the Warwick Business School. ”From the standpoint of a financial stability authority and</p>
IOG And The University Of Edinburgh Teamed Up To Create A Blockchain Decentralization Index
<p>Input Output Global (IOG), the company that built the Cardano network, and the University of Edinburgh have joined forces to develop a blockchain decentralization index, according to IOG’s blog. The new service will employ a research-based methodology created by the university and is the first of its kind. The Edinburgh Decentralization Index (EDI), when it</p>
Convex Finance Live On Arbitrum
<p>Convex Finance, a curve-based yield system, announced that it is now operational on Arbitrum. Users may stake Curve LP tokens on Convex to get increased payouts on Arbitrum. Convex Finance on Arbitrum will have a similar interface and functionality to Convex on Ethereum. The procedure for providing liquidity on Curve, staking LP tokens on Convex</p>