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DeFi

EigenLayer Raises $100M Series B Led By a16z
DeFi

EigenLayer Raises $100M Series B Led By a16z

The highly anticipated Ethereum restaking protocol is DeFi’s fourth-largest, with nearly $8B in TVL.
Ondo Brings Treasury-backed Stablecoin to Aptos
DeFi

Ondo Brings Treasury-backed Stablecoin to Aptos

Lending protocol Thala will integrate USDY as a collateral asset.
Euler Finance Seeks Redemption Arc With V2 Deployment
DeFi

Euler Finance Seeks Redemption Arc With V2 Deployment

Euler's TVL crashed to less than $100,000 after suffering a $197M exploit in early 2023.
Vitalik Remains Wary Of Overly Complex Layer 2s
DeFi

Vitalik Remains Wary Of Overly Complex Layer 2s

The Ethereum founder thinks it could be “worth adding some pretty sophisticated L1 features to reduce the code burden of L2s.”
image of someone walking out the door
DeFi

Gauntlet Quits As Aave Risk Steward Citing Clashes With Community

The risk management firm “will be terminating its payment stream as soon as possible.”
Starknet’s $2 Billion Airdrop Is Crypto’s Biggest Yet
DeFi

Starknet’s $2 Billion Airdrop Is Crypto’s Biggest Yet

With STRK initially trading at a fully diluted valuation of $30 billion, the value of the airdropped tokens on launch day surpassed Arbitrum’s $1.5 billion.
 image with "27%" at the center surrounded by skeptical eyes in neon colors and a minimalistic style
DeFi

Ethena Stablecoin’s 27% Yield is Triggering Terra-Induced PTSD

The startup’s token, USDe, is backed by staked ETH and ETH short positions.
Avalanche Stages Comeback Amid Growth In Memecoins, GameFi, and RWAs
DeFi

Avalanche Stages Comeback Amid Growth In Memecoins, GameFi, and RWAs

Flipside Crypto reports that Avalanche’s TVL doubled in Q4 2023.
Wormhole Inks Partnership With AMD Amid Zero-Knowledge Embrace
DeFi

Wormhole Inks Partnership With AMD Amid Zero-Knowledge Embrace

AMD will provide advanced hardware and develop light clients for the Wormhole ecosystem.
Burn Rate Surges Amid Spike In Ethereum On-Chain Activity
DeFi

Burn Rate Surges Amid Spike In Ethereum On-Chain Activity

Nearly $63M worth of ETH was burned in the past two weeks.