Tag: DeFi

Hashdex engages in dialog with SEC over Bitcoin DeFi ETF filing

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According to an Oct. 24 memorandum, digital asset management firm Hashdex has had a discussion with the SEC about their ETF filing that would purchase physical Bitcoin. In a follow-up post on X, Nate Geraci, the co-founder of the The ETF Institute and host of the ETF Prime Podcast, shares the importance of this ongoing dialogue and why it is interesting for the community. Looking back to 2022 The memorandum, which included a presentation from Hashdex, shares that the CME market has sufficiently developed to support its new product, quoting the…

Diving into cross-chain DeFi lending

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Cointelegraph’s Hashing It Out podcast talked with MultiChainZ chief operating officer Aanchal Thakur to discuss a popular decentralized finance (DeFi) use case: lending. Host Elisha Owusu Akyaw and Thakur explored what makes a cross-chain lending platform different from other platforms and the potential risks it entails. Other highlights include conversations about institutions, DeFi lending, nonfungible token lending, and how projects embrace decentralized autonomous governance.  Thakur started her cryptocurrency journey by falling for a crypto doubling scam, which she claims taught her an important lesson to take her research of the industry…

Why Are DeFi Users Worried About This Feature?

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Devin Walsh, Executive Director of the Uniswap Foundation, a non-profit organization supporting the growth and decentralization of the Uniswap decentralized exchange (DEX), believes that Uniswap is decentralizing. Walsh even compares the current state of the DEX to that of Ethereum. The executive also acknowledged that the DEX’s current level of success is due to the active participation and contribution of the developer community. Uniswap Becoming More Decentralized? The Executive Director responded to a thread on X where Antonio Juliano, the founder of dYxX, a layer-2 DEX on Ethereum, insinuated that Uniswap is…

Ethereum DeFi protocol Hope Lend drained after exploit

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Ethereum decentralized finance (DeFi) protocol Hope Lend has next to zero assets left in its protocol after a devastating hack. According to multiple blockchain security firms, on Oct. 18, two individuals — a frontrunner who beat the original hacker after discovering the exploit and the original hacker themselves — stole a combined 526 Ether (ETH) from Hope Lend, worth $825,357 at the time of publication. “The successful attacker gained 264 ETH and paid a 263 ETH bribe to an ETH validator,” wrote CertiK.  Hope.money, the DeFi protocol’s developer, presented a different…

The Rise and Challenge of Lido Finance in the World of DeFi

PEAK LIDO? As Ethereum transitioned over the past year to a fully functional proof-of-stake blockchain, market observers chronicled the staggering rise of Lido Finance, which effectively allows investors to stake their ether (ETH) – and thus earn rewards, yield – while also getting a token, stETH, that they can trade in the meantime. For many, that combination proved more attractive than the technically cumbersome job of setting up a validator and locking up ETH into the main blockchain. The problem now is that Lido has become too popular – bumping…

European regulators assess DeFi risks, Uniswap launches Android wallet: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. In this week’s newsletter, European securities regulators have published a report on the DeFi ecosystem that lists the risks it poses to the European Union’s financial system — but also highlights the benefits of DeFi. Uniswap has launched Android wallet beta on Google Play, with the app gaining popularity among desktop and Apple iOS users. DeFi platform Star Arena recovered 90% of…

French regulator sees DeFi as ‘disintermediated,’ not ‘decentralized’

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On Oct. 12, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), part of the French Central Bank, published a summary of its public consultation on a regulatory framework for decentralized finance (DeFi). The public consultation lasted two months, from April to May 2023, in response to the initial paper discussing possible regulations for DeFi in the country. External contributions nudged the ACPR to surprising revelations, especially regarding the structural persistence of centralization patterns: “The ACPR therefore believes that the term ‘disintermediated’ finance is more appropriate than that of ‘decentralized’…