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Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January

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Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in value, trade volumes are lower, and the value locked in decentralized finance (defi) has shed billions, treasuries held by decentralized autonomous organizations (DAOs) … Read more

Report: Equitiesfirst Named as ​​Mystery Debtor to Celsius, $439 Million Owed to Crypto Lender

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Ever since Celsius paused withdrawals on June 12, the company has been the focus of attention due to the lender’s financial hardships. A month later, Celsius filed for bankruptcy in the U.S. by leveraging the Chapter 11 process. Two days after the bankruptcy filing, a report disclosed that two people familiar with the matter allege … Read more

Top 4 Cryptocurrency Borrowing & Lending Protocols to Watch in 2022

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There are several widespread lending and borrowing projects in the crypto ecosystem. This article will highlight 4 of them. These platforms help users borrow cryptocurrencies and earn interest while leveraging crypto assets to generate revenue. You can also invest in these projects using your cryptocurrency. While regulators are still trying to figure out whether to … Read more

Decentralized Autonomous Organization Statistics Show $10 Billion Is Held by DAO Treasuries

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During the early years of the cryptocurrency space, decentralized autonomous organizations (DAOs) and smart contracts were discussed in theory. Nowadays many people consider The DAO, launched in 2016 by members of the Slock.it development team, to be the first smart contract-based DAO. In 2022, there’s a lot more DAOs, as statistics show that $10 billion … Read more