Tag: DeFi

Defi TVL reaches its 2-year-high amid marketwide bull run

The total decentralized finance (defi) total value locked (TVL) is currently witnessing an impressive surge as the broader cryptocurrency market gains bullish momentum. According to data provided by Defi Llama, the total defi TVL increased by 9.1% in the past 24 hours and is standing at $105.63 billion at the time of writing. Notably, this is the first time since May 11, 2022, that the defi market value surpasses the $100 billion mark. Defi TVL | Source: Defi Llama With the current rally, 51 of the total 52 defi protocols…

DeFi Technologies CEO on the industry’s first Bitcoin yield-bearing ETP

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Crypto.news caught up with Olivier Roussy Newton, CEO of DeFi Technologies, to explore the Valour Bitcoin Staking ETP, the first product to merge Bitcoin with yield-bearing staking mechanisms. Bitcoin holders have traditionally missed out on staking opportunities available to other cryptocurrencies due to Bitcoin’s reliance on the Proof-of-Work (PoW) consensus mechanism. PoW requires miners to solve complex mathematical puzzles to validate transactions and secure the network. Due to the size of the Bitcoin network, substantial computational power is required, which in turn chugs in substantial amounts of electricity.  As an…

Crypto and DeFi Wallet Firm Fordefi Gets Cover from Insurance Giant Munich Re

“The policy covers external cyber threats and attacks that would compromise the platform, as well as internal fraud or employee collusion,” Schwartz said in an interview. “[Munich Re] is not involved at the smart contract level, but is getting involved with the most active players in DeFi, starting with a framework that they are comfortable with, i.e. the security of the private keys and the wallet components.” Source

Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form

Similar to EigenLayer, Symbiotic will offer a way for decentralized applications, called actively validated services, or “AVSs,” to collectively secure one another. Users will be able to restake assets that they’ve deposited with other crypto protocols to help secure these AVSs – be they rollups, interoperability infrastructure, or oracles – in exchange for rewards. Source

DeFi Lender Liquity (LQTY) Unveils Protocol Upgrade, New Stablecoin BOLD in White Paper

“LUSD is great for its decentralized capabilities, but it doesn’t have the built-in flexibility to adapt to changing market environments like rising or falling interest rates,” Samrat Lekhak, head of business development and communications at Liquity, said in an interview over Telegram. “In times of positive interest rates, this implies a need for a continuous yield source for the stablecoin, which BOLD provides.” Source

Could This DeFi Gem Be the Next Big Pick? – Blockchain News, Opinion, TV and Jobs

Besides accumulating established cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP, crypto whales are also known for hunting newer coins like RCO Finance (RCOF). Besides accumulating established cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP, altcoin whales are also known to hunt for newer coins like RCO Finance (RCOF).  An example is the Friend.tech whale, which recently accumulated over 55,000 newly issued FRIEND tokens before offloading them after the token airdrop launch. Let’s dive into the recent whale activity and explore the potential of RCOF in this dynamic landscape. Crypto…