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DeFi

Firelight Raises $8 Million to Backstop DeFi Vaults With Staked XRP
DeFi

Firelight Raises $8 Million to Backstop DeFi Vaults With Staked XRP

The Sentora-incubated cover protocol already holds $76 million in staked XRP on Flare. Its first cover integrations go live this month, into a market where onchain protection covers about 0.1% of DeFi.
Securitize's HINC Becomes Collateral on Solana's Loopscale
DeFi

Securitize's HINC Becomes Collateral on Solana's Loopscale

Eligible investors can now borrow USDG against a fund holding high-yield corporate bonds and CLO tranches, collateral whose value moves daily with credit spreads.
Bloomberg: Hyperliquid in Advanced Talks With Kraken Parent on US Perpetuals Push
DeFi

Bloomberg: Hyperliquid in Advanced Talks With Kraken Parent on US Perpetuals Push

The reported plan would route U.S. traders through CFTC-regulated Bitnomial, while neither Payward nor Hyperliquid has confirmed a deal.
Balancer Warns Legacy V1 LPs to Exit After Pool-Draining Bug
DeFi

Balancer Warns Legacy V1 LPs to Exit After Pool-Draining Bug

Balancer said the deprecated pools are non-pausable, while SlowMist attributed a roughly $234,000 V1 drain to a fixed-point rounding flaw.
Bullish Provides USD.AI $100 Million Facility for GPU-Backed Loans
DeFi

Bullish Provides USD.AI $100 Million Facility for GPU-Backed Loans

The commitment will fund more GPU loans; USD.AI’s API reported $265 million in loan reserves and $491 million in TVL.
Stellar RWA Assets Outgrow Its DeFi Markets
DeFi

Stellar RWA Assets Outgrow Its DeFi Markets

RedStone puts tokenized real-world assets on Stellar above $3 billion in July, against DeFi value it measures at $213 million.
Ethena Plans Equity-Perpetual Basis Trades for USDe Backing
DeFi

Ethena Plans Equity-Perpetual Basis Trades for USDe Backing

The announced rollout is still forthcoming, with the first partner exchange announcements and deployments expected in the coming weeks.
Aave V4 Deposits Reach $806 Million After 30% Weekly Gain
DeFi

Aave V4 Deposits Reach $806 Million After 30% Weekly Gain

EtherFi Cash was V4’s second-largest market at $257 million, while Aave V3 retained a much larger $31 billion deposit base.
FRIEND Soars After Machi Big Brother Bids $1 Million For Friend.tech
DeFi

FRIEND Soars After Machi Big Brother Bids $1 Million For Friend.tech

FRIEND rose 28-fold within an hour of the post, and friend.tech fees jumped. Machi would buy the X account and the domain as the trading contracts have belonged to the null address since 2024.
Ethena Proposes Sending All Net Revenue to ENA Buybacks
DeFi

Ethena Proposes Sending All Net Revenue to ENA Buybacks

A new framework assigns protocol IP and value accrual to the Ethena Foundation, while a live vote would use effectively 100% of net revenue for ENA purchases.