Besides the convenience of LRTs, the real draw for liquid restaking platforms recently has been “points” – a type of rewards that might entitle users to future token airdrops. While points have nebulous monetary value, they have given rise to an entirely new ecosystem of additional platforms, like Pendle, which let users maximize them through trading strategies that often involve high leverage. Source
Ethena offers a 27% annualized reward to holders of its USDe stablecoins, a yield mostly generated by shorting ether futures. Source
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Four years ago, the crypto-lambo stunt at the New York Consensus conference garnered the world’s attention. It raised eyebrows among skeptics, boosted the morale of those invested in the industry, and accelerated the clamor for crypto’s real-world purchasing power. In hindsight, it stands as a rockstar moment in crypto history. Cut to the present, the recent ruling on spot Bitcoin ETFs marks a contrasting shift—a ‘family-man’ moment…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Monero bounces back, Jupiter faces challenges, while Borroe Finance’s innovative DeFi solutions spark growing interest. Monero (XMR) and Jupiter (JUP) have been under pressure recently due to unfavorable ecosystem trends. While Binance plans to delist Monero later this month, JUP lost over 50% of its value in less than a week. Luckily, Borroe Finance ($ROE) gained more ground with its decentralized fundraising utility, and analysts believe the token will…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana outpaces Ethereum in defi, but Pullix presale hints at a new market leader in the industry’s future. Solana (SOL) has surged past Ethereum (ETH) in trading volumes as the defi space continues to gain traction. But this isn’t the end of the story, as Pullix (PLX) has the potential to overtake both when it completes the ongoing presale event and launches later this month. Let’s take a closer…
Diana Tlupova, Head of Compliance at Nexera ID, has argued players in the decentralized finance (defi) space can stay ahead of regulators who might want to impose stringent Know-Your-Customer (KYC) rules by using zero-knowledge (zk) proofs to authenticate user credentials. Tlupova contends that, in addition to allowing users to maintain control over their KYC data, […] Source CryptoX Portal
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Waller, who was appointed to the board in 2020 by then-President Donald Trump, did acknowledge that a future in which people shifted from using dollars to using digital currencies could still be a monetary-policy danger. But he argued Thursday that the repeated rhetoric about the decline of the dollar as the global reserve currency is hollow. Source
Grand Cayman, Cayman Islands, February 15th, 2024, Chainwire Wormhole data shows nearly $310 million in assets bridged from Ethereum to Sui over the last month — more than all other blockchains combined. Sui, a Layer 1 blockchain that has experienced explosive growth since its inception nine months ago, is seeing a substantial migration of funds from Ethereum to the Sui ecosystem, with nearly $310 million worth of assets flowing through the Wormhole Portal in the past 30 days. The data is issued by wormholescan.io, which tracks the flow of funds…
Liquid restaking token finance (LRTFi) is a new DeFi field that allows for the liquidity of staked assets through the issuance of liquid restaking tokens (LRTs), enabling users to earn rewards while their original assets are locked up for securing network services. Source