Investors are faced with a difficult situation: learn the technological knowledge required to interact with DeFi platforms individually or trust a CeFi platform with their funds. Source
Hubble aims to create a Solana-based equivalent of MakerDao: a DeFi protocol with a U.S. dollar denominated stablecoin. Whereas MakerDao is an early Ethereum-based DeFi protocol that allows users to trade its native stablecoin, DAI, Hubble users can borrow and mint USDH, Hubbleโs native stablecoin. Source
Institutional DeFi is growing at a rapid pace and some research firms say this niche sector will attract over $1 trillion in investment capital over the next five years; bitcoin rises above $19K. Source
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Technical insurance directly targets the potential of smart contract failures or attacks. Smart contract exploits are the best known form of technical risk in DeFi protocols. Nomad, Wormhole, Cream, Ronin, Badger DAO, Horizon bridge and Beanstalk have been some of the notable DeFi exploits of the last few months. These types of exploit are obviously unexpected and regularly result in irreversible losses in DeFi protocols. They are a natural candidate for insurance models. Source
Details on the actual usage of crvUSD are scanty at writing time, and Curve developers denied sharing more information about the tokens with CoinDesk. Source
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The growing number of speculators taking out Ether (ETH) loans to maximize their potential to earn forked Ether Proof-of-Work tokens (ETHPoW) has been causing headaches for decentralized finance protocols. The issue has been gaining traction over the past month or so, given that a significant number of Ether miners are expected to continue working on a forked PoW chain, or possibly even multiple chains post the long awaited Merge. In the event of a fork, on-chain ETH hodlers such as those using non-custodial wallets or those holding on exchanges that…
The exchange has pinpointed several mistakes in the platformโs data on erroneously issued stablecoins. Source
โWithin the next decade, debt capital markets will be on-chain and democratized,” wrote Credix founder and CEO Thomas Bohner in a Medium post. Credix is building the infrastructure to enable this at scale โ weโre developing a next-generation credit platform matching institutional investors and FinTech lenders.” Source