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“As protocol revenue for LSD protocols directly correlates with ETH prices, liquid staking protocols can be seen as a levered bet on ETH as they gain a stronger market share over staked ETH,” the authors write, arguing that the liquid staking market share will take a sizable amount from solo
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In the coming months, we can expect more DeFi protocols to divide their functionalities into extensible, programmable micro-primitives. This will lead to a DeFi landscape that is more granular, flexible, and developer-friendly, but also more complex. If DeFi is to become a true parallel alternative to traditional finance, primitives such
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Another area of focus for teams has been reinforcing the links that lock DeFi protocols together. Last night, a representative for the stablecoin-focused Reserve Protocol, which builds on top of DeFi majors including Lido, Compound and Rocketpool, asked in their respective Discords for help to establish “a more robust incident
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In recent years, the rise of blockchain technology has paved the way for groundbreaking innovations in the realm of decentralized systems. Among the revolutionary concepts are decentralized applications (DApps) and protocols. While both are integral components of the decentralized ecosystem, they serve distinct purposes and play different roles. This article
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. Senate is again preparing to tackle crypto industry regulation through a new bill. The proposed Crypto-Asset National Security Enhancement Act of 2023, backed by bipartisan support, aims to enforce strict anti-money laundering (AML) measures on
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Blockchain protocols can’t (and shouldn’t) ignore AI’s potential, but it’s
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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.This week, Finance Redefined looks at the growing popularity of zero-knowledge proof-based scalable solutions. Zero-knowledge rollups (ZK-rollups) technology has gained a lot of
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Ethereum scaling protocols dominate the use of zero-knowledge rollups (ZK-rollups), with major launches, new research and healthy competition key points in a sector report published by ZKValidator.The node infrastructure operator’s “State of ZK Q2” report reflects on significant events across the ZK ecosystem, with notable launches of ZK-powered layer 2’s highlighting
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The San Francisco Superior Court has reportedly taken control of Fei Protocol’s Discord server in a class action settlement. Fei Protocol is a decentralized stablecoin project whose native algorithmic stablecoin, FEI, is backed by diverse coins,
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The Bitcoin network’s proof-of-work consensus mechanism could become a useful means of securing a variety of proof-of-stake (PoS) smart contract blockchain protocols, thanks to efforts from a Stanford University professor.David Tse and his research team are driving the use of the preeminent cryptocurrency to provide added security to PoS networks. Tse’s
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