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DeFi News
Medium
5d
236
Image Credit: Medium
How DeFi is Transforming the Crypto Landscape: Trends and Predictions
- DeFi is a blockchain-based financial application that allows users to conduct transactions without intermediaries, utilizes smart contracts, enhances transparency, reduces costs, and increases accessibility.
- DeFi removes middlemen from the equation, democratizes access to financial services, and empowers individuals by giving them full control over their assets.
- DEXs have gained significant popularity as they allow users to trade cryptocurrencies directly without relying on a centralized authority, promote transparency, lower fees, provide more control over assets, and signifying a shift towards a more user-centric trading experience.
- DeFi lending platforms such as Aave and Compound have made it easier for users to lend their assets in exchange for interest or borrow against their crypto holdings, operate without credit checks, allowing individuals who may be excluded from traditional finance to access loans.
- Yield farming has become a popular strategy where users provide liquidity to DeFi protocols in exchange for rewards, incentivizing participation in the ecosystem while allowing users to earn returns on their idle assets.
- Interoperability between different blockchain networks is becoming crucial, and projects are emerging that allow assets to move seamlessly across various platforms, enhancing user experience and broadening access to diverse financial services.
- Stablecoins play a vital role in DeFi by providing a stable medium of exchange within volatile crypto markets, pegged to fiat currencies or other assets, reducing the risk of volatility.
- Risks include security breaches, lack of regulations leading to uncertainty for businesses operating in this space, and the complexity of DeFi can be intimidating for new users, manifested through various means, including better educational resources.
- Expected trends and predictions in Decentralized Finance includes the widespread adoption of its solutions, improved security measures, anticipated regulatory frameworks, technological innovations, and financial inclusion.
- DeFi represents a significant shift in how financial services are delivered — emphasizing transparency, accessibility, and efficiency — and creating new avenues for economic participation across diverse demographics globally.
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Gritdaily
5d
110
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From Wall Street to Web3: How Steve Durbin is Shaping the Future of Finance
- Steve Durbin, co-founder of a stealth-mode Web3 project, sees blockchain and Web3 as a chance to build a more inclusive, transparent, and efficient financial landscape. He views decentralized systems as modernising traditional finance and ultimately creating a more equitable, efficient, and adaptable global financial ecosystem.
- Durbin believes blockchain has the potential to fundamentally reshape how we handle trust, value transfer, and market efficiency. He expects DeFi protocols to become regulated and user-friendly, NFTs to expand beyond collectibles and art, and Layer-1 platforms to continue refining scalability, security, and interoperability.
- Blockchain offers unprecedented transparency and reduces fraud and misconduct with cryptographic techniques. This makes it a boon for any sector, where data integrity and trusted verification are paramount, including asset tokenization, intellectual property licensing, and real estate transcend borders.
- Durbin is developing a new consensus mechanism that addresses limitations of legacy blockchain models with possibilities across multiple industries and countries, including digital identity and national digital currency solutions. It could ultimately reach hundreds of millions of people.
- Durbin believes leaders in the blockchain field need to be visionary yet grounded, blending technical understanding with practical business acumen and the ability to translate complex concepts into tangible benefits for audiences who aren’t tech experts.
- Blockchain can provide a new level of access to basic financial services for people who have historically been left out. Decentralized platforms can facilitate microloans, savings accounts, and peer-to-peer lending, allowing people to build wealth and participate more fully in the global economy.
- Over the next decade, Web3 will help break down long-standing barriers and legacy infrastructure, making financial products more accessible, transparent, and efficient. Web3 will evolve into a foundational layer for the global economy where finance becomes more resilient, inclusive, and responsive to the needs of a rapidly changing world.
- Durbin has built an impressive career spanning private equity, hedge funds, and investment banking. He sees decentralization as a way to reshape how we access, engage with financial services and deliver lasting impact.
- Durbin views blockchain technology’s potential to drive transparency, accessibility, and operational efficiency by streamlining operations, lowering costs, and making transactions faster and more transparent.
- Durbin believes the most significant opportunities for traditional financial institutions to collaborate with Web3 innovators are the tokenization of real-world assets and providing regulatory expertise, compliance frameworks, and trusted brand recognition.
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Cryptoslate
5d
380
Image Credit: Cryptoslate
BIS proposes hybrid retail CBDC model blending central bank oversight with private sector roles
- The Bank for International Settlements (BIS) has proposed a hybrid model for retail central bank digital currencies (CBDCs).
- The hybrid model integrates central bank control with private sector collaboration.
- Private intermediaries would handle user-facing responsibilities like KYC verification and transaction facilitation.
- The proposed CBDC architecture includes features like tiered KYC mechanisms, offline payment capabilities, and programmability through smart contracts.
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Livebitcoinnews
5d
81
Image Credit: Livebitcoinnews
Lido Shuts Down on Polygon Amid Low User Adoption
- Lido Finance, the biggest liquid staking protocol in DeFi, is shutting down its Polygon staking service due to low user adoption and a shift in DeFi dynamics.
- The decision was made by the Lido Decentralized Autonomous Organization and follows a vote by the community.
- The timeline for the shutdown includes a six-month transition period, during which users can unstake their tokens.
- Lido will now focus its resources on the Ethereum network and its growing ecosystem.
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Bitcoinist
5d
135
Image Credit: Bitcoinist
BlackRock’s iShares ETF Makes History with Unique Blockchain-Backed Municipal Debt Deal
- BlackRock becomes the first asset manager to acquire municipal debt using blockchain technology.
- The transaction was facilitated through JPMorgan's private blockchain platform, enhancing transparency and security.
- BlackRock's iShares ETF, MEAR, acquired $6.5 million worth of Quincy bonds through the blockchain-based transaction.
- BlackRock's iShares Bitcoin Trust (IBIT) has nearly reached $60 billion in assets under management, outperforming its gold ETF.
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Crypto-News-Flash
5d
122
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Trump’s World Liberty Financial Endorses WBTC Amid Coinbase’s Justin Sun Concerns
- World Liberty Financial (WLFI) has exchanged 102.9 cbBTC for 103.15 WBTC in strategic support of Justin Sun and trust in WBTC's infrastructure.
- The decision comes after Coinbase's delisting of WBTC, which faced criticism and litigation from shareholders.
- WLFI's move aligns with Justin Sun's criticism of cbBTC's transparency and governance process.
- WLFI's strategic alliances with Chainlink and TRON further support its infrastructure and growth in the field of decentralized finance.
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Medium
5d
328
Image Credit: Medium
RAILGUN 2024 — A Year in Review
- RAILGUN protocol experienced tremendous growth in 2024, with almost $90 million held in private 0zk addresses as of 5th December, representing a 650% increase YoY, and up by thirty times since 2023.
- The total value held by 0zk addresses determines the privacy level of the RAILGUN protocol, making RAILGUN the first choice for privacy on Ethereum/EVM in the DeFi space.
- The shielded volume hit a milestone of $2 billion in October 2024, with $1.7 billion contributed by transaction volumes in 2024 alone, thereby establishing RAILGUN as a next-generation privacy solution.
- The growth in the treasury was organic, with 0.25% of tokens entering and exiting smart contracts sent to the treasury. The Active Governors, responsible for treasury governance on their respective chain, have been rewarded with 2% of treasury's ETH/BNB/POL, DAI, and RAIL every two weeks, resulting in Active Governors receiving around $1.9 million for their efforts in 2024.
- RAILGUN also offers private DeFi volume, where users have private access to dApps on Ethereum/EVM, with all on-chain liquidity and dApps remaining undoxed and unbothered.
- RAILGUN users swapped over $68 million privately through the 0x Dex Recipe in 2024 alone, with development efforts on RAILGUN_connect ongoing for 2025.
- Vitalik Buterin himself endorsed RAILGUN in 2024 by using the protocol and citing Private Proofs of Innocence as a key differentiator and a reason for his personal preference for RAILGUN protocol.
- The RAILGUN community continues to grow, with over 10,000 followers added collectively on social media platforms, including active Twitter profiles and Telegram groups.
- RAILGUN's roadmap for 2025 includes protocol upgrades, such as RAILGUN_connect, RAILGUN v3, and Private Proofs of Innocence v2, with the goal of privacy of tens of billions of value on Ethereum possible.
- RAILGUN's success in 2024 indicates that the project has the potential to continue growing and becoming the go-to privacy solution for DeFi on Ethereum and beyond.
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TronWeekly
5d
389
Image Credit: TronWeekly
Kraken Surprises with Early Launch of Ink Blockchain, Boosting DeFi Accessibility
- Kraken's Layer 2 blockchain, Ink, has launched ahead of schedule on mainnet.
- Ink is built on the Optimism Superchain and aims to bridge the gap between users and builders in the DeFi space.
- The blockchain will facilitate easier access to decentralized assets and tools within the DeFi ecosystem.
- Ink plans to transition towards decentralization by introducing permissionless fault proofs in January 2025.
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Medium
5d
184
eral public but also affects the construction workers by causing mental
- Noise pollution is caused by various technological devices such as mobile phones, electricity generators, music systems, and loud TVs.
- The excessive use and lack of consideration for others contribute to noise pollution.
- Technology-related irritants include not switching off mobile phones, excessive use of generators in residential areas, and listening to TV at a loud volume.
- Noise pollution can have negative impacts on human health, including aggression, hypertension, stress, hearing loss, restlessness, depression, insomnia, anxiety, bad temper, and emotional stress.
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Cryptoslate
6d
124
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Polygon rejects proposal to bridge funds into Morpho to drive DeFi growth
- The Polygon community rejects a proposal to deploy $1.3 billion in stablecoins from its PoS bridge to Morpho for DeFi growth.
- Concerns were raised about the lack of a consent mechanism and potential risks to the network.
- Critics highlighted risks to the stability of Polygon's ecosystem and the potential for liquidity crises.
- Aave-Chan Initiative founder Marc Zeller submitted a counter-proposal, causing a dispute with Aave.
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Pymnts
6d
194
Image Credit: Pymnts
This Week in Web3: Bitcoin Price, Crypto Interest Hit All-Time Highs
- Crypto payments and stablecoins are driving innovation in consumer and business transactions.
- Both consumers and businesses benefit from the underlying technology of blockchain.
- Revolut plans to offer anti-fraud security measures to cryptocurrency customers.
- BVNK is expanding to the US to make stablecoin payments accessible to businesses.
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Cryptoslate
6d
359
Image Credit: Cryptoslate
Ethena Labs introduces sUSDe as collateral for Trump-backed WLFI protocol
- Ethena Labs proposed integrating its synthetic stablecoin, sUSDe, into World Liberty Financial (WLFI) on Dec. 18.
- The partnership aims to boost capital efficiency and liquidity in WLFI's new Aave instance.
- sUSDe has become the third-largest stablecoin with a $6.1 billion market cap.
- Integrations with major DeFi protocols and its high annual percentage yield (APY) of 27% contributed to the rise of sUSDe.
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Medium
6d
4
Image Credit: Medium
How AI is Quietly Transforming Your Money: 5 Game-Changing Applications in Finance
- AI is revolutionizing the financial world in five game-changing ways.
- Smarter fraud detection systems powered by AI protect your money by analyzing transactions in real-time.
- AI provides personalized financial advice based on your spending habits, income, and savings.
- AI-powered algorithms streamline loan and credit approvals, making it faster and more accessible.
- AI-driven automated trading optimizes investment decisions by analyzing market trends and removing human bias.
- AI simplifies everyday banking with tools like virtual assistants and budgeting apps.
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Bitcoinist
6d
20
Image Credit: Bitcoinist
Wave Of Crypto ETFs Expected In 2025: Bloomberg Expert Reveals Top Picks For Early Approval
- A wave of crypto ETFs is expected to gain approval in 2025, signaling a transformative shift for digital assets in the US.
- Dual Bitcoin and Ethereum ETFs from firms like Hasdex, Franklin Templeton, and Bitwise Invest are likely candidates for approval.
- Complex legal issues surrounding the classification of tokens as securities need to be resolved for approval.
- Trump's regulatory shift towards digital assets aligns with the anticipated surge in crypto ETF approvals.
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Newsbtc
6d
78
Image Credit: Newsbtc
Whales Snap Up 30 Million XRP As Ripple Launches Its RLUSD Stablecoin
- XRP whales have been on a buying spree as Ripple launches RLUSD stablecoin.
- RLUSD stablecoin is now available for trading on multiple crypto exchanges.
- RLUSD experienced volatility, trading at $1.50 on MoonPay.
- Large investors bought 30 million XRP prior to the launch, boosting its price.
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