In an announcement published by crypto.news on August 27, Ondo Finance and Arbitrum said that the tokenized debt instrument USDY has been launched on Ethereum’s L2 scaling solution. Ondo U.S. Dollar…
Maker, which just rebranded to Sky, announced a new version of its $5 billion stablecoin DAI but crypto enthusiasts weren't impressed. The new token called USDS apparently has a piece of code that…
Decentralized lending protocol Echelon has raised $3.5 million in a seed funding round led by Amber Group, with backing from several crypto venture capital firms. The platform plans to use the funding…
The new USDS stablecoin and SKY governance token will be available on Sept. 18 with a new DeFi application to interact with the protocol. The protocol's established tokens DAI and MKR will remain in…
Solana, a leading blockchain platform, keeps on making significant advancements in the DeFi sector. The total value locked in the DeFi ecosystem of Solana is reportedly standing at nearly $5.4…
Luca Prosperi, the head of M^0 Labs (a company that helps institutions create their own cryptodollars), shared his thoughts on decentralized finance (DeFi) and more in a recent interview on the…
Aave Labs proposed an update to its GHO Stability Module (GSM) on Aug. 26, which involves using BlackRock’s tokenized fund BUIDL’s shares to help maintain the dollar peg of its stablecoin. According…
Is the Ethereum co-founder doubtful about the long-term potential of DeFi? Well, one of his latest statements about DeFi in X sounds so. Unsurprisingly, the controversial statement has received strong…
Solana’s DeFi ecosystem has exploded over the past year, with the ease of trading meme coins attracting more participants to this Layer 1 chain. The latest stats on DeFi Llama show a total value…
The DeFi sector has seen a significant shift this week. As per the data from DappRadar the top DeFi projects based on the total value locked take into account LIDO, Aave V3, EigenLayer, Maker DAO, and…