Decentralized platforms may benefit from strict US crypto tax laws
The reporting requirements present a “real risk of pushing users toward decentralized platforms,” according to industry insiders. Go to Source
Defi Platforms
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Liquid Staking Protocols See Increase in Monthly ETH Deposits Despite Withdrawals Post-Shapella Hard Fork
Following the Shapella hard fork on April 12, 2023, approximately 332,368 ether, valued at around $699 million, has been withdrawn. Despite these withdrawals, liquid staking protocols like Lido, Rocketpool, and others have experienced an increase in ether deposits over the last 30 days. Since March 14, a total of 281,498 ether worth $592 million have … Read more
7 DeFi protocol hacks in Feb sees $21 million in funds pilfered: DefiLlama
DeFi platforms lost over $21 million to hackers throughout February, according to data released by DeFi project aggregator DefiLlama. Go to Source Powered by WPeMatico
FBI issues alert over cybercriminal exploits targeting DeFi
Smart contracts governing DeFi platforms identified as a particular cause for concern for the enforcement agency. Go to Source Powered by WPeMatico
Uncollateralized Lending Platform Truefi Reveals $100 Million Single-Borrower Pool Designed for Blockchain.com
The crypto firm Blockchain.com has revealed it has secured up to $100 million in liquidity from Truefi’s single-borrower pool. The pool will be initially capped at $100 million over the first year and Blockchain.com aims to use the funds to bolster its own “liquidity pools, leverage trading support, and book of lending services.” Blockchain.com Leverages … Read more
Fantom Surpasses Binance Smart Chain as the Third-Largest Defi Blockchain
The total value locked (TVL) in decentralized finance (defi) protocols has lost 6.8% during the last 24 hours as crypto markets have experienced more losses. However, the Fantom blockchain has seen a TVL increase, jumping 46.62% over the last week. Fantom has managed to knock Binance Smart Chain (BSC) down a notch, as it now … Read more
Total Value Locked Across Defi Nears $200 Billion, Non-Ethereum Projects Gather Steam
At the time of writing, the total value locked (TVL) in decentralized finance (defi) is around $176 billion across various blockchains like Ethereum, Binance, Terra, Polygon, Solana, and Avalanche. While Ethereum commands $130 billion of the aggregate total locked, a myriad of other defi-fueled blockchains continue to see TVLs steadily rise. Total Value Locked Across … Read more
