DeFi


Markets

Celsius Network Pays Off Maker Loan, Freeing Up $440M of Collateral

The troubled crypto lender paid down the remaining $41 million of its debt on the DeFi platform.

Celsius CEO Alex Mashinsky (CoinDesk archives)

Finance

Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of 'Lending Demand'

The venture capital-backed firm said the lack of “institutional fixed income DeFi adoption” drove its decision.

(Don Mason/Getty Images)

Markets

Celsius Repays $183M on DeFi Protocol Maker, Gets Back Collateral, Blockchain Data Shows

The troubled crypto lender paid down $183 million of its debt to the decentralized lending protocol Maker, blockchain data shows, possibly in a bid to recover bitcoin-linked collateral that otherwise would remain trapped.

Celsius CEO Alex Mashinsky (CoinDesk archives)

Opinion

The Era of Easy DeFi Yields Is Over

Alpha in DeFi is about to get a lot scarcer (although still super attractive). Luckily, risk management will eventually get much simpler.

A hand squeezing a lemon. (j4p4n/OpenClipArt)

Policy

UK Government Seeks Views on DeFi Taxation

The deadline for submitting comments is Aug. 31.

The U.K. government is looking for comments on the taxation of DeFi. (Shutterstock)

Opinion

From One to Zero: BlockFi’s Fire Sale Shows the Uber Startup Model Is Disastrous for Finance

Peter Thiel’s monopolistic theories about building companies have clearly hit their limit: banking.

Subsidizing shadow-banking yields turns out to be a really, really bad idea. (Getty Images/wakila)

Policy

Crypto World Is Cautious of Finer Details In EU's MiCA Law

Web3 advocates are cautiously welcoming Europe's new law, but must first resolve its paradoxes – like when is a non-fungible token fungible?

French diplomat Philippe Léglise-Costa and EU lawmaker Irene Tinagli huddle in the closing hours of talks on the MiCA law (Jack Schickler)

Finance

STEPN’s DEX Surpasses Orca to Become Largest Decentralized Exchange on Solana

The anonymous founder of the Solend protocol has expressed interest in integrating STEPN’s tokens into its lending platform.

STEPN’s DEX surpasses Orca. (Danny Nelson/CoinDesk)

Policy

Hurry Up With Crypto ID Checks, FATF Tells Countries

After the potentially privacy-busting "travel rule" for crypto transfers, global standard setters at the Financial Action Task Force have their eyes on DeFi, NFTs and unhosted wallets.

The Financial Action Task Force wants to outlaw dirty money flows through crypto. (Richard Levine/Corbis/ Getty Images)