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DeFi News
Crypto-News-Flash
1d
270
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Aave and Chainlink Launch SVR to Boost Protocol Efficiency
- Aave integrates Chainlink’s SVR to reclaim lost oracle value and boost protocol income.
- SVR rollout includes tBTC, LBTC, AAVE, and LINK, with plans to expand to more assets.
- SVR helps Aave reclaim lost value by securing and redistributing value siphoned off during the liquidation process.
- 65% of the returned value goes to the Aave community, while 35% is converted into LINK tokens for the Chainlink community.
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TheNewsCrypto
1d
88
Image Credit: TheNewsCrypto
Why Vitalik Buterin Suggests Reference of Public Goods Funding as Open Source?
- Vitalik Buterin suggests that public goods funding should be referred to as open-source funding.
- The Ethereum co-founder believes that the term 'public goods' is problematic and creates a social desirability bias.
- Buterin sees open-source funding as a way to send a clear message and improve comprehension of projects in decentralized ecosystems.
- The crypto market has experienced significant drops, with Bitcoin and Cardano seeing a slump in the last 24 hours.
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Livebitcoinnews
2d
62
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Zeus Network Announces Apollo First On-Chain Bitcoin Exchange on Solana
- Zeus Network has launched APOLLO, the first on-chain Bitcoin exchange on Solana, introducing zBTC, a permissionless Bitcoin asset for seamless integration into Solana's DeFi ecosystem.
- APOLLO allows users to lock native BTC and mint zBTC on Solana, offering a trustless experience without custodial issues or KYC processes. The platform has processed more than $40 million in on-chain volume during private mainnet testing.
- Users can now swap zBTC on Jupiter, borrow against it on Raydium, HawkFi, and Meteora, and access advanced yield optimization strategies through Drift and Neutral Trade, providing flexibility in a secure, non-custodial environment.
- Zeus Network's multi-chain framework, powered by the Solana Virtual Machine (SVM), supports permissionless cross-chain interaction between Bitcoin and other blockchain protocols, solidifying Solana's position as a decentralized finance leader.
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TronWeekly
2d
0
Image Credit: TronWeekly
Hyperliquid Announces $JELLY Bail Out Plan After $4M Trade Crisis
- Hyperliquid will compensate JELLY long holders at $0.037555, excluding flagged addresses.
- Hyperliquid plans to improve risk management and build a better financial system.
- The DEX will implement tighter Liquidator vault caps, dynamic OI caps based on market cap, and validator-led delisting for low liquidity assets.
- The shared collateral prevented Hyperliquid's Auto-Deleveraging (ADL) mechanism from activating.
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TronWeekly
2d
123
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DeFi Protocol Linear Finance Abruptly Shuts Down After Binance Delisting and Financial Losses
- DeFi protocol Linear Finance has abruptly shut down following the delisting of its native token LINA by Binance.
- Linear Finance faced financial challenges and an unsustainable financial model, relying on token liquidations.
- Binance's delisting caused a sharp decline in LINA's market capitalization and trading prices.
- Linear Finance will provide instructions for users with active positions on its decentralized applications (dApps).
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Crypto-News-Flash
3d
199
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3 Key Ways Retail Investors Can Capitalize on Stablecoin Growth
- The stablecoin market has surged 90% since late 2023, with Ethereum and Tron hitting record circulation highs.
- Retail investors are noticing the potential benefits of investing in native tokens of blockchain networks like Ethereum (ETH) and Tron (TRX), which are leading in stablecoin circulation.
- Emerging stablecoin issuers are offering utility and governance tokens, providing retail investors an opportunity to participate in the revenue and growth of their platforms.
- DeFi platforms are thriving on the use of stablecoins, allowing retail investors to earn consistent returns through lending, borrowing, yield farming, and liquidity pools.
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Livebitcoinnews
3d
327
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COTI Announces High-Speed Layer 2 Mainnet for Web3 Privacy.
- COTI has launched its Layer 2 mainnet, providing high-speed confidential transactions for Web3 using Privacy-on-Demand.
- The mainnet is designed to be interoperable with other blockchains, addressing adoption challenges for businesses and institutions that require privacy and speed.
- Garbled Circuits, a cryptographic protocol developed in collaboration with Soda Labs, ensures secure and confidential transactions up to 3,000 times faster than existing solutions.
- COTI's Layer 2 mainnet is being integrated by Web3 applications and is also involved in central banking and government initiatives, such as the Digital Shekel pilot.
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Bitcoinist
3d
83
Image Credit: Bitcoinist
DeFi Lending Protocol Partners With Credora Network To Bring Risk Ratings To The Ecosystem
- The Credora Network has collaborated with Morpho, a decentralized lending protocol, to provide third-party risk ratings to the DeFi ecosystem.
- Through the collaboration, Credora Network's Risk Ratings are now available on Morpho, allowing users to have access to credible and neutral risk metrics.
- Credora Network aggregates collective intelligence from leading risk experts, aiming to provide transparent and standardized risk ratings for diverse assets.
- The integration of risk standards and permissionless lending on Morpho is expected to bring transparency and risk management to the DeFi ecosystem.
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Blockonomi
3d
208
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US Senate Passes Resolution Repealing IRS DeFi Rule, Now It Heads to Trump
- The U.S. Senate has passed the Congressional Review Act (CRA) resolution aimed at repealing an Internal Revenue Service (IRS) rule imposing tax reporting requirements on decentralized finance (DeFi) platforms.
- The resolution, introduced by Representative Mike Carey, passed with bipartisan support and now heads to President Donald Trump for his signature.
- The White House has expressed strong support for the resolution, criticizing the Biden-era rule for stifling innovation, compromising taxpayer privacy, and burdening the DeFi sector.
- If signed into law, the CRA measure would prevent the IRS rule from taking effect and allow DeFi platforms to operate without the proposed reporting requirements.
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Medium
1d
145
Title: The Mask of Anonymity
- Transactions were fast, fees were low, and the privacy features worked as advertised.
- ShadowChain, a supposedly private platform, embedded tracking contracts and exposed users' IP addresses.
- A user woke up to find his main wallet drained, realizing that privacy in Web3 was not guaranteed.
- He joined a group of developers working on secure privacy solutions, aiming to build trustless systems in the metaverse.
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Bitcoinist
1d
203
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IRS DeFi Rule Gets Axed—A Major Win For Crypto?
- DeFi protocols might no longer report to American tax authorities after the US Senate repealed the IRS “broker” rule.
- Market observers believe that US President Donald Trump will issue a resolution overturning the Biden-era policy on DeFi protocols.
- The Senate voted 70-28 to pass legislation revoking the IRS DeFi broker rule, which required DeFi to comply with IRS reporting requirements.
- The DeFi Education Fund praised American lawmakers for passing the landmark legislation and is looking forward to Trump's signature to officially protect DeFi innovators in the United States.
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Medium
1d
285
Image Credit: Medium
Dmail: The Future of Email in the Web3 Era
- Dmail is a Web3-native email platform that prioritizes security, privacy, and decentralization.
- Features include end-to-end encryption, no centralized servers, and Web3 wallet integration.
- Dmail leverages blockchain verification to prevent spam and phishing attempts.
- In addition to email, Dmail enables secure transfers of NFTs, tokens, and smart contracts.
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Global Fintech Series
2d
157
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AML in DeFi: Can Smart Contracts Automate Compliance Without Centralization?
- DeFi's permissionless nature poses challenges for AML compliance, lacking centralized oversight like traditional finance.
- Key AML challenges in DeFi include the absence of KYC requirements, obfuscation techniques, and smart contract vulnerabilities.
- Smart contracts can automate AML compliance in DeFi by integrating on-chain transaction monitoring and decentralized identity verification.
- Risk-based smart contract permissions and blacklist/whitelist integration help in enforcing compliance transparently.
- Automated reporting through smart contracts can generate AML reports and facilitate decentralized regulatory integration.
- Challenges in implementing AML smart contracts include balancing privacy and compliance, resistance from the DeFi community, and governance issues.
- The future of AML automation in DeFi may involve Zero-Knowledge Proofs, decentralized risk-scoring, and smart contract governance models.
- Smart contracts offer a path to automate AML in DeFi while maintaining decentralization, aiming for financial integrity and transparency.
- Widespread adoption of ZKPs, decentralized risk-scoring, and smart contract governance are expected to shape the future of AML compliance in DeFi.
- Implementing AML in DeFi with smart contracts aims to achieve compliance without compromising the core ethos of openness and transparency.
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Medium
3d
347
Image Credit: Medium
What If You Owned Your Digital Life?
- You don't own your digital life, you rent it under conditions you didn't write.
- ZenBox offers a secure, encrypted digital container that you own, giving you control over your data.
- ZenBox encodes terms and conditions in smart contracts, making them transparent, enforceable, and revocable.
- ZenBox aims to be the first place for users to store their digital belongings, seeking user input to shape the open protocols.
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Bitcoinist
3d
52
Image Credit: Bitcoinist
Major Crypto Discussions Ahead: SEC Announces 4 Roundtables
- The Securities and Exchange Commission (SEC) has announced four public roundtables over the next three months to discuss key issues in crypto regulation and adoption.
- The roundtables will cover topics such as cryptocurrency trading, custody and custodians, tokenization, and decentralized finance (DeFi).
- The SEC Crypto Task Force aims to create clear and transparent rules for the crypto industry and balance the interests of all stakeholders.
- The roundtables will be open to the public and can help shape future policies and regulations in the crypto space.
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