DeFi

DeFi

Tech

A 'Bitcoin DeFi' project just shut down with a brutal post-mortem: Users just didn't care

"It did not work," Botanix said. "At least not in this market and not in this timeline."

Closed sign (Tim Mossholder/Unsplashed, modified by CoinDesk)

Finance

Ethena lands Janus Henderson backing as asset manager invests in ENA, eyes USDe distribution

The deal underscores the trend of traditional asset managers backing DeFi infrastructure, following BlackRock's Uniswap and Apollo's Morpho investments.

Guy Young

Finance

Aave chief defends protocol's 'resilience' after $8.45 billion bank run

The founder of the largest DeFi platform blamed "third-party” entities for decentralized finance’s vulnerabilities, while independent data highlights severe gaps in Aave’s own risk architecture.

Stani Kulechov, Aave Labs (Olivier Acuna/CoinDesk)

Policy

New DeFi entrant widens field of crypto political campaign funds as elections loom

The Defend Developers PAC is aiming to contribute to lawmakers who seek to shield crypto developers from legal vulnerabilities.

political action committees (PACs) (illustration by Jesse Hamilton/CoinDesk)

Finance

DeFi won't win over big banks until it fixes its hacking problem, executives say

Lenders are particularly interested in blockchain's back-office applications, but security failures are blocking wider adoption.

The panel at Proof of Talk in Paris.

Finance

Coinbase backs Ethena ahead of savings product launch for exchange's 100 million users

Coinbase Ventures, the exchange's venture arm, bought Ethena tokens on the open market as the protocol is set to roll out a Coinbase integration next week.

Coinbase (appshunter.io/Unsplash)

Finance

Bitcoin faces an 'identity crisis' and DeFi devs need to stop acting like tech bros

Solstice Labs CEO Ben Nadareski says developers must act like financial managers to win back institutional trust amid ongoing security exploits.

Ben Nadareski (Olivier Acuna/CoinDesk)

Finance

Symbiotic aims to make tokenized assets easier to cash out with new liquidity network

Liquid Lane aims to solve a key bottleneck that is holding back growth of tokenized funds and credit: long redemption times, Symbiotic cofounder Misha Putiatin said.

Symbiotic cofounders Misha Putiatin and Algys Ievlev (Symbiotic)

Finance

Wall Street’s trillion-dollar dilemma: Why AI-powered hackers are keeping big banks off the blockchain

CertiK CEO and co-founder Ronghui Gu says April was the worst month for DeFi in four years with exploits on 27 out of 30 days.

CertiK's Ronghui Gu (Ronghui Gu for CoinDesk)

Finance

Toddlers learn by falling: Why DeFi's $20 billion TVL drop is just a market stress-test

DeFi Technologies president Andrew Forson says the stablecoin layer is thriving, with more than $150 billion in U.S. Treasuries backing coins like USDT and USDC.

Andrew Forson, DeFi Technologies (Olivier Acuna/CoinDesk)