Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) One of the more interesting considerations in the world of crypto—one championed as a bastion of transparency and open-source code—is whether a decentralized platform qualifies as a public good. If it’s a public good, then the service should be open to anyone and everyone. What’s more, using such a service […]
Quick take: The team at Waves (WAVES) has announced a DeFi revival plan meant to make its users whole and restore the full functioning of protocols in its ecosystem. The plan aims to fix USDN’s depeg and the liquidity crisis (a bank run) that soon followed on Vires Finance. Waves’ plan will consist of four […]
The global cryptocurrency market witnessed another marginal drop of around 1% over the past day. The total crypto market cap has shrunk to stand at $1.19 trillion. The largest tokens haven’t performed well this month. Due to increased uncertainty, the whales have headed towards the Defi token. ETH whales add $53 mln worth of WBTC […]
The DeFi market continues to bleed as the total value locked (TVL) of the sector is down by 5.63% in the last 24 hours. The sector has been rocky even after a high in early April when it hit $289.22 billion in TVL. Today, the DeFi market has a TVL of $133.34 billion, already considering […]
BlockFi, a popular crypto lending platform, has slashed interest rates by half for some of the market’s cryptos held by non-US clients. Interest rates for Solana deposits will fall from 10% to 5% as of June 1, while rates for Avalanche (AVAX) and Polygon (MATIC) will fall from 10% to 5% and 11% to 5%, […]