Decentralized finance (DeFi) giant Aave is taking a major step into retail market by unveiling a mobile app on Apple’s App Store targeted towards mainstream consumers dubbed Aave: Save and Earn. Users will be able to deposit fiat via bank account link or debit card and convert into stablecoins or cryptocurrencies at over 5% annualised...
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Former SEC Aide and UniSwap Founder Argue Over Decentralization’s Importance
A public disagreement between former U.S. Securities and Exchange Commission (SEC) aide and Hayden Adams of Uniswap has reignited one of crypto’s ongoing debates: what decentralization really means and how much is necessary for blockchain platforms to meet regulatory expectations. It illustrates an emerging tension between policymakers seeking accountability and developers defending principles underpinning decentralized...
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RedStone integrates realtime oracles and DeFi risk ratings weeks after $20 B cryptocurrency market crash
As crypto assets experienced a severe market correction that erased over US $20 billion across crypto assets, DeFi markets are under increased scrutiny for risk transparency. RedStone responded with an important strategic shift: its acquisition of Credora and implementation of on-chain risk ratings for decentralized finance protocols and yield strategies. -Crowdfund Insider.Why now? What are...
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In Defi
DeFi Protocol Stream Finance Suspends Platform After Reporting $93 Million Loss
Decentralized finance platform Stream Finance has taken immediate steps to protect their funds following reports of an estimated US $93 million loss, sparking widespread concern across the crypto ecosystem. When MEXC’s TradingView published this news story on 1 February 2019 about these losses they expressed disbelief that all deposits and withdrawals had been suspended immediately,...
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In Defi
DeFi Aims to Displace Traditional Finance by 2028 With $2 Trillion in Tokenized Assets: Standard Chartered Forecast
Decentralized finance (DeFi) could soon experience a monumental upheaval, which may see it increasingly replace traditional finance (TradFi). A recent report by Standard Chartered projects that tokenized real-world assets (RWAs) held on DeFi platforms will reach $2 trillion by 2028 — representing an astounding increase from current levels. CoinDesk cannot guarantee these figures are correct.An...
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In Defi
Aave DAO Proposes $50M Annual Token Buyback Using DeFi Revenues
The Aave decentralized autonomous organization (DAO) has introduced a proposal to establish a permanent $50 million annual buyback program for its native token, AAVE. This initiative aims to utilize protocol-generated revenues to repurchase AAVE tokens, thereby enhancing token value and supporting long-term ecosystem growth. Strategic Buyback Plan The proposal, submitted by the Aave Chan Initiative...
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In Defi
How the New Movement of RPCfi Aims to Revive DeFi Yield
The decentralized finance (DeFi) sector is experiencing a resurgence, driven by the emergence of Real-World Collateralized Finance (RPCfi). This innovative movement seeks to address the challenges of yield sustainability and transparency in DeFi by integrating real-world assets (RWAs) as collateral. Understanding RPCfi: A New Paradigm in DeFi Yield RPCfi represents a shift towards grounding DeFi...
