Stablecoin projects have been thrust into the limelight over the past month as the popularity of algorithmic stablecoins and the collapse of the Terra project put a spotlight on the important role dollar-pegged assets play in the crypto market. In response to the void left by UST, multiple protocols have released new stablecoin projects in […]
DeFi protocols experienced their worst month as the panic caused by Terra’s and its stablecoin UST collapse resulted in the rapid decline in the total value locked by more than 40%. Causes of DeFi Crisis The large-scale DeFi crisis was mostly the result of Terra-caused market shock because its failure evaporated about $28 billion in […]
Decentralized Finance (DeFi) can be regulated by relying on its own trust-creating mechanisms to collect compliance data, according to Raphael Auer, head of the Bank for International Settlements (BIS) Eurosystem Innovation Hub. A working paper authored by Auer titled «Embedded supervision: how to build regulation into decentralized finance,» published Wednesday, argues that the compliance of […]
DeFiMons has joined the Avalanche ecosystem for the subnet. Named the MON Subnet, this network will allow the game to access low-cost evaluation and high-traffic applications from Avalanche. Following the integration, the subnet will be the home to DeFiMon’s massively multiplayer online game (MMO). DeFi is a gameplay-based MMO that has integrated several projects from […]
Kirobo, an Israeli crypto software company, is attempting to fill a massive gap in the DeFi market by allowing crypto investors to hand over private keys or transfer funds according to their last will. https://twitter.com/mcl_token/status/1531916569726574592 On May 31, the company announced the launch of an inheritance function for Liquid Vault, a decentralized crypto wallet that […]