Delphi Labs Wants to Shut Down DeFi Protocol Mars After TVL Tumbles 99% to $2.6M

A proposal has been made to shut down DeFi credit protocol Mars following the spectacular collapse of the UST stablecoin, and its sister token LUNA, last week. Sponsored Sponsored It comes as Mars’ total value locked (TVL) crashed 99% to $2.6 million from $270 million amid the Terra ecosystem dramatic meltdown, which rippled across the … Read more

DeFi Adoption: Mainstream Says “What’s In It For Us?” Actually, a Lot.

DeFi, in its current form, won’t see mass adoption if it fails to address some of the fundamental tensions that the ecosystem is facing, says Brian Fu, Co-Founder of zkLend. Sponsored Sponsored Much is said about DeFi’s core mission: to create greater financial inclusion and bank the unbanked. For mass adoption of DeFi to be … Read more

Traditional Finance is Getting Richer. DeFi Can Provide a Fairer World

Traditional finance is gloating as cryptocurrencies crash. But there’s so much more to cryptocurrencies and decentralized finance than just dips and highs. Here’s why the blockchain has the potential to change the world. Sponsored Sponsored Salaries are inflated away. Banks are getting bigger. And the gap between rich and poor is widening from year to … Read more

Hacks: Decentralized Finance Should Steal Ideas from Traditional Finance

Hacks in the DeFi world are always in the news. DeFi protocols should start using risk management rule sets and tooling already used in traditional finance, says Kate Kurbanova of Apostro. Sponsored Sponsored A single vulnerability in smart contracts can cost DeFi projects millions in user funds. While technical vulnerabilities and bugs are the first attack … Read more

Hacks: DeFi Should Emulate Ideas from Traditional Finance

Hacks in the DeFi world are always in the news. DeFi protocols should start using risk management rule sets and tooling already used in traditional finance, says Kate Kurbanova of Apostro. Sponsored Sponsored A single vulnerability in smart contracts can cost DeFi projects millions in user funds. While technical vulnerabilities and bugs are the first attack … Read more

Decentralized Finance Newbie? Here Are Some Tips to Get Started

Decentralized finance: Earn high yields with crypto in a safe, secure and easy way. Celia Zeng, DeFi Asset Manager at Cabital tells you how. Sponsored Sponsored Decentralized finance, or what we call DeFi, has been getting a lot of attention from investors as the global adoption of cryptocurrencies continues to accelerate.  Sponsored Sponsored But what is … Read more

Inverse Finance Becomes Third DeFi Project to Lose Millions to Exploit in Last Week

Multimillion-dollar hacks have become the standard news within the crypto space, and a new victim has joined the list. Sponsored Sponsored Popular Ethereum-based lending protocol Inverse Finance announced that it suffered an exploit on Saturday, leading to the loss of $15.6 million worth of digital assets. Sponsored Sponsored How the exploit happened The DeFi protocol … Read more

Anchor Targets veTokenomics as Luna Foundation Adds $450M to DeFi Protocol’s Reserves

The Luna Foundation Guard (LFG) has topped up the Anchor yield reserve with $450 million, according to Do Kwon, CEO and founder of Terraform Labs, the South Korean entity behind the DeFi lending and borrowing protocol. Sponsored Sponsored Following the announcement, a new proposal was made on Feb. 18 to change the economic model of … Read more

The Rising Standards of DeFi Amidst A Bear Market

It’s no longer enough for DeFi initiatives to simply hand out tokens to attract investors. As DeFi is not just a fringe of financial interactions, the standards for projects in the space are rising.  Sponsored Sponsored The recent market downturn is a reason for concern in the crypto space. At the time of writing the … Read more

SEC Commissioner Warns Proposal May Threaten DeFi

A proposal by the SEC could give authorities sweeping powers over crypto exchanges, warns one Commissioner. Sponsored Sponsored A recent proposal by the U.S. Securities and Exchange Commission adding oversight to systems for trading government securities could also give officials sweeping new powers over digital asset platforms, according to SEC Commissioner Hester Peirce. Sponsored Sponsored … Read more