DeFi


Opinion

DeFi Died and We Didn’t Even Notice

The behavior of Curve founder Michael Egorov is warning to all, and proof that DeFi isn’t really that different from traditional finance.

Curve founder Michael Egorov was liquidated, again. (Michael Egorov, modified by CoinDesk)

Finance

Spooked by Curve Liquidation Threat, DeFi Protocols Shore Up Defenses

They’re responding to the potential systemic risk posed by Michael Egorov’s teetering financial position.

(Callum Skelton/Unsplash)

Finance

DeFi Platform Term Finance Brings Fixed Rate Lending to Ethereum

Short term, fixed rate loans can now work in harmony with Aave and Compound's "ultimate liquidity" model.

Dion Chu, founder and CEO (Term Labs)

Videos

Curve Finance Exploit Puts $168M Lending Position Held by Founder at Greater Risk of Liquidation

Curve Finance's token (CRV) has fallen over 20% in the past three days, after the stablecoin exchange at the heart of DeFi on Ethereum fell victim to an exploit. BlockSec co-founder Yajin "Andy" Zhou breaks down the details what happened as Tron founder Justin Sun and others step in to help.

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Tech

Crisis at DeFi Giant Curve Eases After Justin Sun and Others Step In With Help

Sun said a liquidity pool that utilizes tether stablecoins issued on the Tron network would “amplify user benefits,” pointing to saving a potentially bad loan.

Consensus 2019 Justin Sun CEO TRON (CoinDesk)

Markets

Curve Founder Deploys New Liquidity Pool to Address FRAX Debt Situation

Analysts said it is an attempt to incentivize liquidity to FraxLend's pool from where Egorov has taken a loan of 15.8 million FRAX.

Curve's new pool dedicated to Fraxlend's CRV/FRAX market (Curve)

Markets

Is Sam Bankman-Fried Tied to a New Apparent Crypto Scam Called BALD?

On-chain data shows bald's deployer contract has interacted with Alameda-linked wallets and was an active DeFi participant in the early days.

Despite claims by right-wing political figures, Sam Bankman-Fried was definitely not a free man when he (right) exited a Manhattan courtroom on July 26, 2023. (Nikhilesh De/CoinDesk)

Finance

Nomura Backs $6M Round for On-Chain Fund Platform Solv Protocol

The Singapore-based startup allows institutions and venture capitalists to create, use and sell financial products.

Nomura. (charnsitr/Shutterstock)

Markets

Curve Founder’s $168M Stash Is Under Stress, Creating a Risk for DeFi as a Whole

Curve CEO Michael Egorov pledged 34% of CRV’s total market cap to back loans across DeFi protocols. A forced liquidation would result in selling at a time when prices are already falling.

Curve Finance's Michael Egorov (Michael Egorov, modified by CoinDesk)

Opinion

After the Curve Attack: What's Next for DeFi?

The $70 million weekend exploit of major platforms, including Curve, come at a time when developers are discussing changes to the prevailing AMM liquidity model.

corner, wall, white paint and sunshine (JACQUELINE BRANDWAYN/Unsplash)