Ethena competes for Hyperliquid’s USDH with proposal backed by BlackRock
Ethena plans to issue a version of its USDH stablecoin for Hyperliquid, backed by the USD Institutional Digital Liquidity Fund (BUIDL) from BlackRock. The initiative...
DeFi
Decentralized Finance News (DeFi)
Decentralized Finance (DeFi) is a completely revolutionary concept for the traditional financial system.
DeFi implies that there is no control by any government or financial entity over the finances of individuals. In this case, it is the community itself that regulates itself, setting its own rules, conditions and sanctions.
The DeFi world is growing day by day and more and more projects are being launched in this space.
Keep up to date with all the news about DeFi in this section of The Cryptocurrency Post.
Lido Launches GG Vault: one-click access to DeFi yields and new Modular staking Layer
The Lido project introduces GG Vault, a tool that provides one-click access to diversified DeFi yield strategies for users of ETH and the stETH family....
OpenEden and Ceffu Launch the First Daily Yield Collateral for Institutional Trading on Binance
TL;DR OpenEden and Ceffu integrated cUSDO as yield-bearing collateral on MirrorRSV, allowing institutional clients to retain margin trading access on Binance. Binance issues cUSDOX, a...
Vertex Bids Farewell to Arbitrum and Migrates to Ink in Search of Better Conditions
TL;DR Vertex will shut down its DEX on Arbitrum and migrate its infrastructure to Ink, a Layer 2 network backed by Kraken, eliminating its VRTX...
Wormhole Integrates Stacks to Connect Bitcoin with DeFi Applications
TL;DR Wormhole added Stacks to its multichain infrastructure, enabling native transfers of sBTC and STX to Solana and Sui. The integration aims to revive Stacks’...
Flare Network Sees 160% Surge in Total Value Locked in 10 Days
TL;DR Flare Network has seen a 160% increase in its total value locked, reaching $120 million since April 28. This growth is mainly driven by...
SpookySwap Launches Orbs Orders on Sonic
TL;DR The DeFi ecosystem continues to evolve at a rapid pace, and this time, SpookySwap takes a bold step forward in redefining decentralized trading. Starting...
PumpFi Revolutionizes Solana: Buy Now, Pay Later
TL;DR PumpFun, widely recognized as one of the most active memecoin launch platforms on the Solana network, has made a bold move by introducing “PumpFi”,...
Hyperliquid in Controversy After JELLY Manipulation and Million-Dollar Exploit
TL;DR A user manipulated JELLY on Hyperliquid and made over $6 million by exploiting the platform’s liquidation system. Although Hyperliquid removed JELLY, the attacker still...
Uniswap Boosts Its Ecosystem with a Million-Dollar InvestmentÂ
TL;DR The Uniswap community has approved a $165.5 million investment to strengthen its ecosystem, marking a major milestone in the evolution of the decentralized exchange....