Decentralized finance is a form of blockchain-based finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to provide traditional financial instruments, instead of relying on smart contracts on blockchains, the most common of which being Ethereum.
World Liberty Financial, a Trump-backed DeFi project, is planning to establish a strategic token reserve of its crypto holdings, according to co-founder Chase Herro According to reports from Bloomberg, Herro claimed the decision to create such a reserve is driven by the need to manage the platform's growing cryptocurrency holdings ...
Read moreDetailsCorn has raised $8.3 million in a community funding round on Legion, with participation from 675 new investors. This marks a significant advancement in its mission to establish Bitcoin as the leading and most liquid asset in the decentralized finance (DeFi) space. The fundraiser, referred to as “ICO 2.0,” focused ...
Read moreDetailsA new report from HTX Ventures suggests that stablecoins and Real-World Assets (RWA) are set to bridge the gap between traditional and decentralized finance, potentially transforming the DeFi landscape. The report reveals that the use of stablecoins in blockchain transactions has surged from 3% in 2020 to over 50% by ...
Read moreDetailsARMswap has launched the first version of its DeFi protocol to address inefficiencies in fragmented blockchain networks. The solution focuses on optimized multi-directional cross-chain swaps and bridges within the growing Web3 ecosystem, including various layer-1 and layer-2 blockchains with unique algorithms. The platform is set to launch its V1 in ...
Read moreDetailsStarshash, a mining-focused mini-app on Telegram, has partnered with TON Ventures and DWF Labs to advance decentralized finance (DeFi). These collaborations introduce a new token distribution model prioritizing transparency, fairness, and accessibility. Through this partnership, Starshash has secured significant investment and acquired hashing power within the TON ecosystem. This collaboration ...
Read moreDetailsAccording to a recent press release, Pillar Finance is revolutionizing DeFi lending with innovative solutions designed to address ongoing challenges in the sector, such as over-collateralization and liquidation risks. Pillar Finance is a platform for institutional participants such as hedge funds and trading desks. It has introduced a more efficient ...
Read moreDetailsBedrock has introduced brBTC, a new Bitcoin derivative, to enhance Bitcoin's role in decentralized finance (DeFi). Integrated into Bedrock's Liquid Restaking Token (LRT), brBTC addresses key challenges in the DeFi space, including fragmented liquidity and limited yield opportunities. By enabling Bitcoin holders to deposit various derivatives, such as WBTC and ...
Read moreDetailsBabylon Labs, a major player in Bitcoin staking with over $2 billion in Total Value Locked (TVL), has partnered with SatLayer. This collaboration aims to improve Bitcoin's staking and restaking capabilities, enhancing liquidity, security, and capital efficiency for Bitcoin holders across various blockchain applications. SatLayer will become the primary restaking ...
Read moreDetailsAnalysts at Matrixport have suggested that Donald Trump's potential picks for key roles at the U.S. Treasury, Commerce Department, and possibly the Securities and Exchange Commission could usher in a crypto-friendly era. The crypto-based financial services platform released a report suggesting that the narrative in the country around Bitcoin as ...
Read moreDetailsDeFi lending protocol DeltaPrime has issued an ultimatum to the perpetrators of its recent $4.8 million hack. In a November 13 X post, the protocol’s co-founder, Gavin Hasselbaink, warned that legal action will be taken if the attacker fails to engage in dialogue, and efforts to track down the individual ...
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