Decentralized Finance
MakerDAO Community Rejects CoinShares Proposal to Invest up to $500M in Bonds
The MakerDAO community rejected a proposal to use up to $500 million in stablecoin USDC to invest in bonds with crypto investment firm CoinShares. MakerDAO founder Rune Christensen discusses the reason behind the rejection and his outlook for decentralized finance. Plus, details on the community’s voting on increasing DAI stablecoin rewards.
DeFi Lender Compound Tightens Borrowing Limits After Aave Exploit Attempt
A passed proposal introduces borrowing caps for five cryptocurrencies and sets stricter loan limits for another five.
3 Things We Learned at Tornado Cash Dev Alexey Pertsev's Trial
The prosecution said little about free speech during the trail of the Tornado Cash privacy protocol developer. The focus may be on the mechanics of DeFi.
DeFi Protocols Are Winning Users as Centralized Crypto Exchanges Suffer Ether Outflows
In the wake of the downfall of Sam Bankman-Fried’s FTX exchange, crypto traders are increasingly turning toward decentralized-finance (DeFi) protocols – as Ethereum tokens flow off big centralized crypto exchanges like Binance and OKX.
Terra-Victim Invictus Capital Defaults on $1M TrueFi Loan
This is the second time in a month that a lender defaulted on an unsecured loan on the decentralized lending protocol.
DeFi Protocol Voltz Opens Door for Passive Traders With Liquidity Optimizer Vault
The new product will give traders the opportunity to earn passive liquidity provider returns without the risk of impermanent loss, Voltz's CEO said.
Crypto Staking Platform Freeway Halts Withdrawals, Citing Market Volatility
The small-cap platform that promised users up to 43% in annual awards puts the brakes on withdrawals and scrubs its team from the site.
Developers Excluded From Broker Label in New DCCPA Bill Draft
Stakeholders say that this latest draft of the bill tempers language that would be detrimental to DeFi.
Decentralized Exchange Token GMX Surges After Binance, FTX Listings
GMX gained popularity for defying this year’s crypto rout, and it nearly hit its previous all-time high after the listings news.
Native USDC on Cosmos to Fill Vacuum Left by Terra’s UST Stablecoin
Circle said on Wednesday that it plans to launch its USD coin (USDC) stablecoin – the second-largest dollar-backed stablecoin by market capitalization – natively on Cosmos in early 2023. Jelena Djuric, ecosystem lead at Cosmos Research, discusses what this means for the Cosmos ecosystem and decentralized finance.
