Decentralized Finance


Consensus Hong Kong 2025 Coverage

DeFi to Have ‘Walled Garden’ Moment as Internet of Money Matures: dYdX’s D’Haussy

The CEO of the dYdX Foundation sees parallels between the internet of the 1990s and where Decentralized Finance (DeFi) is today.

Charles D’Haussy, CEO of the dYdX foundation, speaks with CoinDesk at the Hong Kong Fintech Week (Chris Lam/CoinDesk)

Tech

DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40%

Crypto users lost some $2 billion due to hacks, scams and exploits throughout 2023, one report said.

(Alpha Rad/Unsplash)

Tech

Chaos Labs Raises $55M as Demand Grows for On-Chain Risk Management

The influx of capital comes as Chaos Labs, founded in 2021, looks to expand its platform, designed to address the growing need for automated risk management in decentralized finance (DeFi).

The Chaos Labs team has raised $55M in Series A funding (Chaos Labs)

Tech

DeFi Lender Liquity Unveils New Stablecoin With User-Set Borrowing Rates in White Paper

Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and plans to pay the lion's share of protocol revenues back to liquidity providers.

(Liquity)

Tech

EigenLayer, Crypto's Biggest Project Launch This Year, Is Still Missing Crucial Functionality

The "restaking" protocol with $15 billion in deposits won't pay rewards to depositors and is missing its mission-critical "slashing" feature.

EigenLayer founder Sreeram Kannan at ETHDenver 2024 (Danny Nelson/CoinDesk)

Policy

DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study

The study was designed to look at the largely unexplored "intricacies" of user behavior and dynamics of decentralized finance lending, the authors said.

16:9 BIS tower building (BIS)

Tech

The Protocol: Restaking Tokens Are Exploding, and Restaking Isn't Even Live

In this week's issue of our weekly blockchain tech newsletter, Sam Kessler explores how "liquid restaking tokens" or LRTs are remaking decentralized finance. PLUS: Starknet's STRK airdrop, Stellar's smart-contract facelift and bitcoin's supply crunch.

(Alina Grubnyak/Unsplash)

Markets

DeFi Platform Pendle Nears $1B in Total Value Locked

Pendle crossed the $100 million TVL mark in mid-June 2023.

Pendle TVL. (DeFiLlama)

Policy

DeFi Identity Should Be Focus of U.S. Policymakers, CFTC Says

Policymakers should identify the projects of greatest concern and prioritize progress on digital identity, a report from one of the regulator's committees said.

Christy Goldsmith Romero (CFTC)

Finance

DeFi Market Rebounds to $50B as Speculators Hunt for Yield

An uptick across Solana-based protocols coupled with more than $700 million in deposits to Blast has fueled growth of the value locked in decentralized finance.

DeFi TVL and volume (DefiLlama)