#defi

#defi

OpenDelta is a Bitcoin-centric stablecoin company utilizing bitcoin to stabilize the value of a fiat-denominated currency. [ more ]

Renzo restaked ETH (ezETH) experienced a significant crash, trading at a discount to wrapped ether (WETH) due to low liquidity and large liquidations. [ more ]

Decentralized finance's mass adoption can be facilitated through partnerships between fintech firms and centralized exchanges.

Neutral DeFi protocols are more scalable options compared to large on-chain brokers like Aave and Compound. [ more ]

The power of Uniswap validated blockchain's usefulness during the previous bear market.

New token standards like ERC-6551 may lead to innovative applications attracting non-investment users to the blockchain. [ more ]

Decentralized derivatives protocol introduced Gold Rush, a high-yield structured product involving XAUT and ETH with safety components.

Structured products in DeFi provide decent returns, market exposure, and loss protection, previously limited to traditional markets. [ more ]

Ethena is launching a governance token by airdropping 750 million ENA tokens to users on April 2.

The Ethena protocol's USDe token has seen significant growth, reaching over $1.3 billion due to its yield and anticipation of the airdrop. [ more ]

Zero-knowledge rollups technology is making its way to Bitcoin with Citrea by Chainway Labs.

Citrea aims to enhance Bitcoin's capabilities for DeFi, NFTs, and smart contracts through zero-knowledge proofs. [ more ]

Phantom's active user base has tripled in the past year, reaching 3.2 million monthly active users in January 2024.

The popularity of airdrops and the growth of decentralized finance (DeFi) are contributing to the increased usage of crypto wallets like Phantom. [ more ]

Crypto trading startup Velar raises $3.5 million to build DeFi tools for Bitcoin's DeFi scene.

Velar plans to launch the first perpetual swaps exchange on the Bitcoin network using side chains and Layer-2s. [ more ]

San Francisco-based fintech provider, Portal, raised $34 million to support the development of its bitcoin-based decentralized exchange (DEX).

Portal aims to offer a decentralized infrastructure for peer-to-peer swapping of bitcoin across different blockchains without intermediaries.

The funding round highlights the growing interest in the use of bitcoin in the decentralized finance (DeFi) world. [ more ]

ENS token surged over 50% after Vitalik Buterin praised its importance

Buterin suggested integrating ENS domains into layer-2 blockchains for improved user experience in DeFi [ more ]

Hackers stole $484,000 by inserting malicious code into the Github library for Connect Kit

Several major DeFi protocols have been impacted and users are warned to avoid using dApps until they are updated [ more ]

Sushi, a decentralized finance (DeFi) protocol, has been affected by a front-end exploit related to a commonly used Web3 connector.

The exploit allows for injection of malicious code affecting numerous dApps and has also impacted other DeFi websites like Zapper and RevokeCash. [ more ]

Sushi is expanding to layer-1 blockchain ZetaChain to add native bitcoin support in its DeFi platform.

ZetaChain's addition introduces the first native bitcoin trading in DeFi, allowing users to swap bitcoin across 30 networks without wrapping.

The move aims to empower bitcoin holders to engage with DeFi primitives and goes beyond bitcoin's traditional use case as a store of value. [ more ]

Australia's tax authority has clarified that its capital gains tax on crypto products applies to wrapped tokens and token interactions with decentralized lending protocols.

The updated guidance includes reporting capital gains and losses for the exchange of crypto assets, including wrapped tokens and participation in DeFi lending and borrowing arrangements.

The move has received criticism from the crypto industry, with concerns about the taxation of purely technological functions and potential implications for token transfers to centralized exchanges. [ more ]