Coinbase Layer-2 Success Shows Power of Marketing Over Cutting-Edge Tech coindesk.com 10 September 2024 08:41, UTC As well as creating envy among other crypto exchanges, Base appears to out-gunning other secondary Ethereum networks. Base’s largest DeFi protocol, Aerodrome Finance, shows that almost all of the top markets, especially when excluding stablecoin swaps, are memecoin-linked…
Ethena's Yield Machine Sees $1B Outflows as Crypto Market Cools – But There's Good News coindesk.com 10 September 2024 19:20, UTC The market cap of Ethena’s USDe token fell below $2.7 billion from $3.6 billion as demand faltered. The protocol generates yield for investors by shorting bitcoin and ether derivatives in a “carry trade,”…
Ethereum stablecoin volume hits record $1.46 trillion as DeFi demand surges theblock.co + 1 more 10 September 2024 21:35, UTC theblock.co
Liquity V2 Unveils Protocol Incentivized Liquidity (PIL) to Strengthen Ecosystem cryptonewsland.com 10 September 2024 13:08, UTC Liquity V2 introduces Protocol Incentivized Liquidity (PIL), directing 25% of Trove revenue to sustain BOLD liquidity and boost ecosystem growth. Staking LQTY in V2 allows users to direct PIL incentives, earn LUSD and ETH rewards, and increase voting…
YieldNest Unveils First Liquid-Restaking Token on BNB Chain as Return-Boosting Strategy Gains Ground coindesk.com 2 h YnBNB becomes the first liquid-restaking token on the BNB Chain. Restakers will accrue additional yield and “Seeds” rewards points, which qualify holders to receive token airdrops. YieldNest will work with existing restaking protocols Kernel, Karak and Binominal. Restaking…
Solv Protocol launches Bitcoin staking for cbBTC holders on Base crypto.news 42 m Binance Labs-backed Solv Protocol is bringing Bitcoin staking to Base via the newly launched Coinbase wrapped Bitcoin token, cbBTC. On Sept. 12, Coinbase revealed that its cbBTC token was now live on Ethereum (ETH) and the layer 2 chain Base. Solv…
DeFi abstraction platform Infinit raises $6 million from investors including Electric Capital, Arthur Hayes' Maelstrom theblock.co 2 h theblock.co
