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DeFi
DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget
Crypto insurance protocol Nexus Mutual's builders have requested $153,500 in NXM tokens to fund the next six months of operations. Most of the funds are earmarked for salaries, with the rest going…
Why MANTA Total Value Locked Surged to $1.7 Billion Despite Airdrop Disappointment
The total value locked (TVL) on the Ethereum layer-two blockchain Manta Pacific has risen to $1.75 billion following a token airdrop. The amount locked makes up almost 8% of the $21.42 billion in…
Yield Protocol to Cease Operations: Urges Users to Close Positions
Yield Protocol, once a prominent player in the fixed-rate lending market, has issued a critical advisory to its users, signaling the end of an era. The protocol, known for its innovative approach to…
Q4 Triumph For Fantom (FTM): Circulating Market Cap Outpaces All Cryptos With 140% Surge
In the fourth quarter of 2023, the cryptocurrency market experienced a notable resurgence, accompanied by the anticipation of a potential Bitcoin ETF approval. Among the standout performers during…
MakerDAO balance sheet now majority crypto-backed loans
MakerDAO, issuer of the DAI stablecoin, has seen a notable shift in the composition of its balance sheet as a result of the combination of macroeconomic events and surging crypto markets. The latest…
What’s New in DeFi? Everything You Need to Know
Decentralized finance (DeFi) is witnessing a surge of groundbreaking features. Innovators like Perpetual Protocol, Aave Decentralized Autonomous Organization (DAO), Convergence Finance, and Polygon…
Lido DAO Rebukes LayerZero by Endorsing Rivals Wormhole, Axelar for Crypto Bridge
Blockchain protocols frequently pride themselves on their "permissionlessness" – the idea that anyone, anywhere can build on top of a protocol without asking for explicit approval. But in practice, it…
Uma rolls out Oval to capture ‘oracle extractable value’ in DeFi protocols
Blockchain project Uma has rolled out a solution called Oval, which aims to allow DeFi protocols to capture value that emerges during oracle updates by tapping into what’s known as oracle extractable…
The Next Phase of DeFi Is Here
The crypto market is entering a new phase in 2024 with renowned optimism. Having overcome the turmoil of the last 18 months and bolstered by recent regulatory approvals, the shifts in monetary policy…
ClayStack enters Ethereum restaking, offering reward points ahead of token launch
Crypto liquid staking platform ClayStack has entered the Ethereum restaking space via EigenLayer and is offering users reward points ahead of its token launch at a 1:1 ratio. ClayStack is changing…