Tag: DeFi

2 Bitcoin L2 Projects Secure Investments to Enhance Bitcoin’s Defi Capabilities

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On Tuesday, two Bitcoin-centric layer two (L2) initiatives successfully secured funding from strategic investors. Botanix Labs, a startup focused on developing a decentralized Turing-complete L2 EVM (Ethereum Virtual Machine), garnered $11.5 million. Meanwhile, the Bitcoin L2 ZKM attracted $5 million during a pre-seed investment phase. Bitcoin L2 Projects Gain Momentum With New Financing Rounds Throughout […] Original

CEO of Loka Mining on Bitcoin’s DeFi possibilities

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Speaking to crypto.news in an interview, Andy Fajar Hardika, CEO of Loka Mining, discussed the evolution of decentralized finance (defi) on the Bitcoin network. On April 19, 2024, Bitcoin mining rewards were slashed in half. Mining a block will now generate only 3.125 BTC, compared to the previous 6.25 BTC. Although the Bitcoin halving happens every four years or so this year, it’s really got industry participants talking about how the reduced rewards will affect the mining economy. With each halving event, mining firms have to adapt to a lower-margin…

The Four Biggest Risks in Modern DeFi

You might have heard the doomsday analyses comparing the most successful protocols of this wave, like Ethena or Eigen Layer LRTs, with risk management disasters like Terra, without really providing any credible evidence of the parallels. Fact is, this new generation of fast-growing DeFi protocols is much more mature and a lot of thought has gone into risk management. However, there is still plenty of risk. Source

Prioritizing First-Mover Advantage Over Security Leaves Defi Protocols Vulnerable to Hacks – Nikita Ovchinnik

According to Nikita Ovchinnik, founder of Barter Defi, decentralized finance (defi) protocols are increasingly becoming the primary target of most hacking attacks because defi “lays bare its inner workings for all to see.” He said the open-source nature of defi means hackers and malicious actors have ample time to study and identify weaknesses or vulnerabilities […] Source CryptoX Portal

Crypto Custody Firm Fireblocks Offers DeFi Threat Detection for Institutions

“We’ve mapped out the user journey of a DeFi and Web3 trader,” Madar said in an interview. “Usually, it starts when you scan with your phone and connect to a dApp and are asked to start signing transactions. We put mitigations and detection mechanisms throughout this journey. For instance, we scan the transaction, we scan the counterparty, we try to make sense of the contract, and also offer transaction simulation, essentially giving you the bottom line of what you should be expecting.” Source

Orbs VP Ran Hammer Says Future of Defi ‘Hinges on Liquidity Aggregation’

Although decentralized finance (defi) platforms have traditionally focused more on maintaining liquidity and volumes in their respective pools, Ran Hammer, the vice president of business development at Orbs, believes that “the future of defi hinges on liquidity aggregation.” According to Hammer, this shift is evidenced by the emergence of dominant aggregators that optimize trades by […] Source CryptoX Portal

How to generate defi passive income through lending crypto

Learn how to earn defi passive income by lending crypto, including Bitcoin, on decentralized finance platforms. One of the biggest buzzwords in the crypto space today—defi, short for decentralized finance—has made finance cool again. Apart from making financial products decentralized and easily accessible to users from all walks of life, defi platforms also offer them the option to generate passive income from their crypto holdings, including Bitcoin (BTC). In a previous live Q&A broadcast, prominent crypto personality Andreas Antonopoulos shared the best ways to generate passive income with defi on…

Bitcoin Will Power the Next DeFi Summer

Ultimately, the initial buzz about NFTs and blockchain’s expansion turned to fear during the 2022 crypto winter, although this wouldn’t be the end for NFTs. 2023 witnessed a revival in the blockchain enthusiasm, thanks in part to NFTs making a strong comeback, this time taking the form of Ordinals on Bitcoin. Similar to how DeFi Summer revealed new blockchain capabilities, Ordinals and BRC20 tokens showcased Bitcoin’s potential, sparking excitement about the future possibilities of blockchain technology. Source