DeFi
The demise of high APY DAOs show they aren’t the future of money
Significant price decreases from ATHs show the market is done with high yielding DAOs. Are they too complex for their own good?
Samuel Wan 3 min read
DeFi News
Get the latest DeFi news on lending, DEXs, liquid staking, yield strategies, governance, and the protocols driving on-chain finance.
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DeFi
Solana is getting a new incentive rewards mechanism
Step Finance takes a big leap towards incentive-based tokenomics on Solana.
Stablecoins
USDC blacklist cost users an extra $3.6 million – per month
Checking against the internal record of blacklisted addresses cost USDC users millions of dollars each month. This makes the stablecoin USDC around 40% more expensive to use than the decentralized stablecoin DAI.
Latest DeFi News & Analysis
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DeFi
SX Network introduces Polygon’s first Layer-2 blockchain
The cryptocurrency community has numerous ideals that helped grow the market to over $3 trillion at its peak. These ideals include security, decentralization, and…
DeFi
DeepDAO launches first-ever specialized search engine for the DAO ecosystem
A Google for decentralized autonomous organizations and the people in it.
DeFi
DeFi protocol Qubit Finance exploited for $80 million in a recent hack
The attacked DeFi protocol on Binance Smart Chain lost 206.809 BNB.
Adoption
Matter Labs and BitDAO launch a $200 million DAO to bootstrap zkSync development
The proposal, dubbed the zkDAO, is set to help Ethereum scale for mainstream adoption.
DeFi
Celsius is integrating Chainlink PoR to enable auditable wrapped tokens
Celsius integration counts as one of the first live use-cases of Chainlink PoR for auditing and securing the on-chain minting, redeeming, and burning of wrapped tokens.
Analysis
Money laundering 0.05% of all crypto transactions in 2021: Chainalysis report
Of all cryptocurrency transactions in 2021, a mere 0.05% can be associated with money laundering. Almost half of all illicit funds are funneled through just a few centralized services, but DeFi is on the rise.
