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DeFi

Ethena Explained: USDe, sUSDe, Rewards and Exit Routes
DeFi

Ethena Explained: USDe, sUSDe, Rewards and Exit Routes

Direct issuer redemption is restricted, while sUSDe unstaking returns USDe—not dollars in a bank account.
Maple’s syrupUSDC and syrupUSDT Explained: Returns, Risks and Exits
DeFi

Maple’s syrupUSDC and syrupUSDT Explained: Returns, Risks and Exits

Pool withdrawals depend on available liquidity and have no guaranteed deadline. Selling a token on an exchange is a different exit, at a market-determined price.
THORChain Co-Founder Cites Public Data After FBI Binance Blocking Appeal
DeFi

THORChain Co-Founder Cites Public Data After FBI Binance Blocking Appeal

The FBI explicitly named THORNode operators in its appeal. The protocol’s controls allow broad trading halts, which also interrupt other users.
Pump.fun Cuts Referral Share to 37.5% as 4x Boost Ends
DeFi

Pump.fun Cuts Referral Share to 37.5% as 4x Boost Ends

Creators will earn 62.5% less from the same referral fees, while the platform says it will keep distributing all app revenue through rewards.
DeFi Fees, Revenue and Holder Payouts: How the Money Flows
DeFi

DeFi Fees, Revenue and Holder Payouts: How the Money Flows

Buybacks and burns can count as holder revenue without putting cash in a wallet. A worked example separates those flows from treasury income and staking payouts.
How Pendle Principal Tokens Turn a Discount Into a Maturity Return
DeFi

How Pendle Principal Tokens Turn a Discount Into a Maturity Return

Buying principal tokens at a discount can produce a return at maturity. Selling early brings market prices, fees and underlying-asset risk back into the calculation.
How Staking Rewards Change Token Holdings and Supply Share
DeFi

How Staking Rewards Change Token Holdings and Supply Share

Staking can increase your token balance, but that is only part of the return. New issuance can dilute your share, and a falling price can outweigh the rewards.
What Happens When a Uniswap v3 Position Goes Out of Range?
DeFi

What Happens When a Uniswap v3 Position Goes Out of Range?

An ETH/USDC worked example tracks token balances, fees and the holding benchmark—and shows why opening a new range does not reset cumulative returns.
What Zero LTV Means for an Existing Aave Loan
DeFi

What Zero LTV Means for an Existing Aave Loan

A hypothetical $10,000 collateral position loses $1,500 of borrowing headroom without changing its 1.33 health factor.
Uphold RLUSD Earn vs. Ethena Pay Earn+: Lending and Leverage Compared
DeFi

Uphold RLUSD Earn vs. Ethena Pay Earn+: Lending and Leverage Compared

Uphold lends RLUSD; Ethena Pay Earn+ uses borrowing to increase exposure. Their advertised yields come with different costs, access rules and risks.