Decentralized Finance
Curve Founder’s $168M Stash Is Under Stress, Creating a Risk for DeFi as a Whole
Curve CEO Michael Egorov pledged 34% of CRV’s total market cap to back loans across DeFi protocols. A forced liquidation would result in selling at a time when prices are already falling.
Berlin: The Center for Decentralized Finance – and Techno Music
When the tech hub of Europe meets a society that prizes financial autonomy, the result is a crypto community that practices the very decentralization it preaches. Case in point: Blockchain Week Berlin, the flagship annual conference of the No. 10 spot in CoinDesk’s Crypto Hubs 2023, is a self-organized, crypto-agnostic community initiative.
Someone Flash Loaned $200M From MakerDAO to Make $3 Profit
An arbitrage bot flash loaned $200 million worth of the dai stablecoin (DAI) from MakerDAO on Wednesday, making a $3.24 profit after transaction fees. "The Hash" panel discusses the flash loan and the state of decentralized finance.
U.S. SEC Out-of-Bounds in Dragging DeFi Into Proposed Exchange Rule, Industry Says
The agency’s comment window is closing for its proposal to expand how it defines exchanges, including a major swath of decentralized finance, and the crypto sector is objecting.
Treat Crypto as Securities by Default, European Parliament Study Says
Landmark new crypto laws under MiCA may have few short-term benefits without further steps, the report commissioned by EU lawmakers says.
The Plight of Hyped-Blockchain Canto Demonstrates Dreary DeFi Outlook
Canto's slide is an example of fickle crypto investors' lack of appetite in DeFi.
Num Finance Raises $1.5M, Will Expand Stablecoins in Latin America, Middle East
Decentralized finance protocol Num Finance will offer stablecoins in Brazilian real, Colombian peso, Mexican peso and Bahrain dinar within the next month.
Lending Platform Atlendis Deploys Upgrade on Polygon, Opens $2M Lending Pool for Banxa
Atlendis Labs is a blockchain-based credit marketplace that offers revolving credit lines for small and medium-sized businesses and fintech firms.
Liquid Staking Platform Lido Surpasses 6M Ether Deposits as Shanghai Upgrade Spurs Inflows
Ethereum’s Shanghai upgrade spurred deposit inflows to liquid staking protocols, including to the largest player Lido.
Decentralized Exchange Maverick Rolls Out Liquidity Incentives for Price Stability
Maverick's rewards system lets token issuers target a specific price range, offering more efficient incentives than rival Curve Finance and helping pegged assets such as stablecoins, liquid staking derivatives keep their prices stable, the protocol said.
