The Future of DeFi: How Decentralized Finance is Changing the Financial Industry
DeFi has the potential to revolutionize the way we access and use financial services and is already beginning to disrupt the traditional financial industry. In this article, we will explore how DeFi is changing the financial landscape, the benefits and potential risks of using DeFi, and what the future may hold for this emerging technology.
Ethereum Staking Withdrawal Testnet ‘Zhejiang’ Set to Launch Wednesday
A testnet that will demonstrate Ethereum staking withdrawals is set to go live on Wednesday, according to statements from developers on Jan. 30. Ethereum Foundation members Parithosh Jayanthi and Barnabas Busa said the Zhejiang testnet will go live on Feb. 1 at 15:00 UTC. The Shanghai and Capella upgrade will be triggered on the testnet six days later (at epoch 1350 on the blockchain). Once the process is complete, validators can try out staking withdrawals in a practice environment without real funds. Validators can convert between credentials, test partial and full withdrawals, and fully exit their validator node. (cryptoslate)
Uniswap Temperature Check Spurs Feverish Backroom Manoeuvring Among Crypto VC Heavyweights
A community "temperature check" vote to see which cross-chain bridge would be utilized for decentralized exchange Uniswap's third iteration swung decidedly in favour of Wormhole. But there's a catch. Today's outcome isn't technically final. An official vote to approve Wormhole as a bridge between Ethereum and the BNB chain is yet to come. But a behind-the-scenes fight among deep-pocketed crypto investors could potentially swing the outcome in a different direction, three sources tell The Block — with hundreds of millions of dollars at stake. (The Block)
Breed VC Has Closed $20 Million Fundraising for Its First Fund
Breed VC, a new crypto-focused firm, has closed fundraising for its first fund and brought in a “considerable portion” of its $20 million target, founder and general partner Jed Breed told CoinDesk during an interview. The fund was backed by Nic Carter and Matt Walsh's Castle Island Ventures, Tribe Capital and Shima Capital, among others.
Bitstamp Introduces EUR-Backed IOU on The XRPL with Xumm Wallet Integration
Leading centralized crypto exchange Bitstamp has launched EUR-backed IOUs on the XRP Ledger.
DeFi Project Friktion’s Shutdown Said to Stem Partly From Founder Disagreement
Friktion Labs, a crypto startup that builds high-yielding structured products for decentralized finance (DeFi) traders on the Solana blockchain, said late Thursday that it was shutting down its user platform, citing the challenging “economics” of the current market climate.
Top DeFi Dapps To Watch Out for in 2023
Which top DeFi projects are ready to make it big in 2023? The market has had a volatile year, but amidst the challenges many DeFi projects have launched more diverse products to fulfill the increasing needs of different DeFi users. In this article, we introduce the DeFi projects with a strong user base and high revenue in the recent past. And they have the potential to continue this positive trend in the next year.
What Is Real Yield in DeFi?
With high APYs abundant in the DeFi space, how does one estimate the true value of projects and their interest-generating potential? One option is to look at a project's crypto real yield.
Ordinals Protocol Sparks Debate Over NFT's Place in the Bitcoin Ecosystem
The recent launch of a nonfungible token (NFT) protocol on the Bitcoin mainnet has the crypto community divided over whether it’ll be good for the Bitcoin ecosystem. The protocol, referred to as “Ordinals,” was created by software engineer Casey Rodarmor, who officially launched the program on the Bitcoin mainnet following a Jan. 21 blog post. The protocol essentially allows for the Bitcoin version of NFTs — described as “digital artifacts” on the Bitcoin network. (Cointelegraph)
2022 Year in Review: Lending Protocols
Attacks on lending protocols have caused more than 300 million dollar loss in 2022. This leads to a greater and more pressing demand for security expectations in the following years.
