Decentralized Finance


Markets

Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid Debt

1754 Factory, the originator of the debt pool with the most distressed loans, said it is liquidating the assets off-chain and negotiating with borrowers for repayments.

Wikimedia Commons

Finance

Synapse Token Surges 44% as Cross-Chain Momentum Builds

The token has outperformed the broader DeFi sector since the turn of the year as investors flock to its cross-chain bridge.

Elliptic says RenBridge was used to launder $540 million in illicit funds. (Charlie Green/Unsplash)

Tech

DeFi Project Friktion’s Shutdown Said to Stem Partly From Founder Disagreement

The official reason given by Friktion officials for the shutdown was that costs outpaced revenue, creating challenging economics for the Solana-based project.

There was friction between the founders at Friktion. (DALL-E)

Markets

DeFi Protocol Aave Clears Bad CRV Token Debt from Exploit Attempt

The maneuver comes ahead of the activation of a major tech upgrade of the protocol called Aave v3.

(MidJourney/CoinDesk)

Markets

Maple Finance Plots Comeback With New $100M Liquidity Pool for Tax Receivables With 10% Yield

After defaults and a major overhaul, crypto lending protocol Maple Finance moves away from uncollateralized lending toward bringing yield-generating real-world assets to crypto investors.

(Unsplash)

Videos

Uniswap DAO Members Vote for New Governance Process

Uniswap community members chose Wednesday to reform the voting process on the popular decentralized finance (DeFi) protocol in an effort to make it easier to change the way the system is governed. "The Hash" hosts discuss what this means for the Uniswap ecosystem in the latest move in the latest story illuminating the power of DAOs.

Recent Videos

Finance

Protocol Developer Archblock Aims to Bring US Community Banks to DeFi Through Partnership

Archblock and Adapt3r's joint effort highlights an accelerating trend in DeFi to cozy up with old-school banking.

The partnership aims to close ties between traditional banking and decentralized finance. (Getty Images)

Videos

Osmosis Labs' Sunny Aggarwal: Why Appchains Are the Future of DeFi

Osmosis Labs Co-Founder Sunny Aggarwal joins I.D.E.A.S. 2022 to discuss why application-specific blockchains are the future of decentralized finance.

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Markets

Maple Finance's $54M of Sour Debt Shows Risks of Crypto Lending Without Collateral

Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade. The project's MPL token has plunged, and depositors are likely to stomach big losses. Here's how it happened, and what comes next.

There's some $54 million of sour debt on Maple Finance's lending platform because some of its largest borrowers were devastated in the FTX-blowup. (Michael Diane/Unsplash)

Finance

DeFi Protocol Perennial Launches, Announces $12M in Funding

Polychain Capital and Variant co-led a seed round for the decentralized derivatives protocol.

DeFi protocol Perennial makes public a $12 million fundraise. (Unsplash)