DeFi

DeFi

CoinDesk Indices

The Rate Renaissance: How Benchmark Rates Unlock DeFi’s Potential

Forward rate agreements (FRAs) serve as a foundational tool in the fixed income market to allow participants to manage expected interest rate fluctuations, and ultimately provide structure and scalability to unlock the next evolution of DeFi, write Treehouse Labs’ Jun Yong Heng and Si Wei Yue.

Buidling through blinds

Finance

Crypto Treasury Fever Spreads to Ethena as $360M SPAC Deal Targets ENA Accumulation

A new Ethena treasury firm named StablecoinX aims to be listed on the Nasdaq, lined up big-name crypto investors including Pantera, Galaxy, Dragonfly, Polychain.

Digitally altered photo of a dollar bill (Ryan Quintal/Unsplash, Modified by CoinDesk)

Markets

Ethena's ENA Soars 43%. What's Fueling the Explosive Rally?

Ethena's governance token ENA has surged 43% this week, becoming the second-best-performing top 100 token by market value.

Ethena's ENA token. (CoinDesk)

Markets

Ethena's ENA Soars 20% as Protocol Sees $750M Inflow Amid Rising Crypto Funding Rates

The decentralized finance protocol pays out yield-harvesting BTC, ETH and SOL funding rates, which have been rising as the crypto rally broadens.

Ethena (ENA) price on July 20 (CoinDesk)

Finance

Decentralized Exchange dYdX Acquires Social Trading App Pocket Protector

The DEX also appointed Pocket Protector co-founder Eddie Zhang as president.

Heashot of dYdX founder Antonio Juliano (dYdX)

Markets

Bitcoin DeFi Has Ballooned 20x Since Start of 2024 as Builders Bet on Yield

A new wave of developers is building yield-generating apps on Bitcoin, pushing the network beyond store-of-value status and into a key DeFi ecosystem asset.

Hot air ballon. (bozziniclaudio/Pixabay)

Finance

Trump-Linked WLFI Token Clears Vote to Become Tradable

Holders voted 99% in favor of enabling transfers and exchange listings for WLFI, which has been locked-up since last year's $590 million presale.

Justin Sun of TRON and Zak Folkman of World Liberty Financial speak at Consensus Hong Kong 2025 by CoinDesk (CoinDesk/Personae Digital)

Finance

Tokenization Firm Midas Brings Two New DeFi Products to Etherlink

The firm’s new mMEV and mRe7YIELD products deliver institutional-grade, market-neutral DeFi exposure.

Midas CEO Dennis Dinkelmeyer (Midas)

Finance

Bitlayer's BitVM Bridge Debuts Its Mainnet, Offers Trust-Minimized Bitcoin DeFi

Central to the bridge is the YBTC token, pegged 1:1 with BTC, which enables BTC holders to engage in DeFi activities.

Bitlayer founders at Bitcoin Amsterdam.(Bitlayer)

Finance

Function Raises $10M to Bring Yield to Bitcoin; Gets Backing From Galaxy Digital, Antalpha, and Mantle

With $1.5B in FBTC TVL, Function aims to transform bitcoin into a productive institutional asset.

(Unsplash)