DeFi News

Solana-based DeFi portfolio management protocol Friktion has sunset its front end app, and asked users to withdraw their funds. Friktion was among several DeFi protocols offering structured products in the Solana space. Friktion shuts down after TVL slump Friktion announced the shutdown of its front end app via a statement issued on Jan. 27. The […] More

The International Swaps and Derivatives Association (ISDA) is working on two papers to address fundamental legal risks in the crypto markets, such as the insolvency of crypto exchange firms, according to a statement released on Jan. 26.  The initiative was motivated by the collapse of crypto exchange FTX and previous bankruptcy cases that “prompted a […] More

According to the decentralized finance (DeFi) total value locked (TVL) aggregator, DeFi Llama, the total DeFi TVL has reached $47.94 billion, up by 3% in the past 24 hours while hitting a two-month-high. Source: DeFi Llama Per the data, the top protocol remains Lido Finance since the early days of 2023. Lido’s TVL sits at […] More

Injective, a layer-1 blockchain protocol founded in 2018, has launched a $150 million ecosystem fund to support developers building on the Cosmos network. The so-called ecosystem group is backed by a large consortium of venture capital and Web3 firms, including Pantera Capital, Kraken Ventures, Jump Crypto, Kucoin Ventures, Delphi Labs, IDG Capital, Gate Labs and […] More

[PRESS RELEASE – Yoqneam, Israel, 25th January 2023] Cyvers, a web3 security company founded by Deddy Lavid and Meir Dolev, has released a security report analyzing the major events, types of threats, and best practices for protecting assets in the DeFi space. The comprehensive report provides valuable insights for projects and organizations looking to securely […] More

Pantera Capital – a blockchain-focused institutional asset manager – has released a report reviewing the state of the blockchain industry in 2022, and what to expect on the technological and adoption front going forward. The report predicted that crypto has already bottomed and that the next market cycle will be defined by greater adoption of […] More

Traditional finance, or TradFi, continues to explore the world of cryptocurrencies and blockchain technology, with the World Economic Forum holding more workshops and sessions for the sector in 2023. These were major themes seen by the Cointelegraph team as they covered the action throughout a busy week in Davos, Switzerland. In a late-night recording session, the […] More

Introduction to decentralised identities, or DIDs and the non-fungible token (NFTs) space. Decentralised identity and use of zero-knowledge proof (ZKP) innovation. Other benefits, including protection for the regular user. There is still a lot of “wild west” in decentralised finance (DeFi) today. There is no clear rule of law since there are so many competing […] More

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Following FTX’s demise, the DeFi space is up for a complete remodel as crypto users demand better security and compliance practices. SushiSwap’s roadmap for the coming year includes the […] More