DeFi DAOs have made some serious cash in 2021 — but generally only in their native tokens. Now they’re looking to diversify. Fueled by a combination of rising token prices and an explosion in fee revenues as DeFi continues to attract new users, the decentralized autonomous organizations (DAOs) that act as a management layer for…

Fireblocks, the digital asset security firm, has posted a proposal on Aave’s forum to scrutinize and approve participants on the DeFi giant’s platform. If Aave governance passes the whitelisting proposal, Fireblocks would be able to onboard a slew of institutional clients into the lending protocol.  Fireblock’s CEO, Michael Shaulov told The Defiant that roughly 50…

Solend, a lending platform built on the proof-of-stake blockchain, Solana, has hit $100M in deposits, according to its team.  Solend has done so without liquidity mining opportunities, but those are coming. Solend works basically the same way Compound and Aave do. Users can post assets that will earn interest, and they can borrow a certain…

88MPH is a non-custodial, fully on-chain protocol acting as an intermediary between you and third-party variable yield rate protocols to offer the best fixed yield rate on your capital.

It has historically paid to be early in DeFi — literally. Traders (including yours truly) are betting that will also be the case on Arbitrum and Optimism.   DeFi has long fostered a culture of rewarding early adopters, with a great example being last year’s massive Uniswap airdrop in which the decentralized exchange airdropped 400 UNI…

Margin trading protocol dYdX launched its native token with one of the largest distributions in decentralized finance. dYdX dropped 7.5% of its initial billion-strong token supply on Sept 8. At the current price of $11.12, those 75M tokens are worth more than $800M. At one point the airdropped tokens’ value eclipsed $1B.  That’s up there…

We’ll be talking with DeFi founders who made the move from big banks in traditional finance into the wild west of crypto. We’ll chat about what it was like leaving their comfy jobs, what convinced them to take the leap, how they’re finding this new world compares with the old one, and what advice they…

Two DeFi projects tasked with helping traders in the space hedge risk announced they are shutting down on Saturday.   Cover, an insurance protocol, and Ruler, a debt market without liquidations, lost their developer team and determined that they could not continue, according to a blog post authored by a cofounder of both projects who goes…

Fantom’s liquidity mining program is once more showcasing the power incentives can have in markets as total value locked in the smart contract chain’s DeFi projects has nearly doubled in the three days since offering token rewards. TVL on Fantom soared by 80% to $990M from $547M on Aug. 29, the day before the liquidity…

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