DeFi

A recent report by Coinbase Research uncovered that restaking has emerged as the second-largest sector in decentralized finance (DeFi) on Ethereum. The study highlights EigenLayer’s restaking protocol as an important component for new services and middleware on the Ethereum network, potentially offering significant ETH rewards for validators in the future. EigenLayer’s Restaking Protocol Ethereum’s proof-of-stake (PoS) consensus mechanism is the largest economic security fund in the crypto space, with nearly $112 billion. While validators securing the network traditionally earned base…

The post Ripple’s XRPL Expands with DeFi Synergy & Investors Bullish on AI Altcoin’s Future Performance appeared first on Coinpedia Fintech News Ripple (XRP) has just made a significant move to unlock various decentralized finance capabilities on its XRPL blockchain as it launches its automated market maker (AMM) protocol that was developed on its blockchain.  The release of the AMM is expected to expand the decentralized capabilities of the XRP Ledger and allow for cross-chain uses among over 50 blockchains.…

Octoblock (OCTO) has emerged as a pioneering force in decentralized finance (DeFi), following in the footsteps of Maker (MKR) and Uniswap (UNI). What is Maker? Maker (MKR) is a decentralized autonomous organization (DAO) built on the Ethereum blockchain. The primary objective of Maker is to support and stabilize DAI, a collateral-backed cryptocurrency that maintains value relative to the US dollar. This stability is achieved through unique smart contracts known as Collateralized Debt Positions (CDPs), where users leverage their Ethereum assets…

Singapore, Singapore, April 4th, 2024, Chainwire LeverFi, a leading web3 innovation team, has launched OmniZK, a secure validation protocol for Bitcoin that enables developers to create complex, interoperable DeFi applications by shifting complex logic onto EVM networks and relay verified outcomes with zkOracles. The protocol’s modular design allows non-custodial, decentralized contracts to be settled natively on the Bitcoin network in a secure. LeverFi is proud to announce the launch of OmniZK, a groundbreaking secure validation protocol for Bitcoin that expands…

Brevard, NC, April 2nd, 2024, Chainwire   In a significant move within the decentralized finance (DeFi) real estate landscape, YakDAO is set to revolutionize the ecosystem with the launch of its native token, $YAKS, on the Arbitrum network, available for trading on Uniswap starting April 2, 2024. This launch is not just a testament to YakDAO’s innovative approach in DeFi but also highlights its pre-sale success and strategic partnerships aimed at fostering strength, resilience, and long-term success.   Innovative Integration…

Spacewalk Bridge has launched on the Pendulum chain, offering users of Stellar and Polkadot a trust-minimized connection for efficient transfers of stablecoins and tokens. The bridge will connect DeFi applications on both chains to forex markets, opening up new markets, especially in the developing world where Stellar has a significant presence. Spacewalk Bridge is now live! A year after it was first reported, the bridge has launched to connect two of the world’s most robust blockchain networks—Polkadot and Stellar. Spacewalk…

The post Latest DeFi Innovation (cFyF) Could Attract Even More Ethereum Users To Octoblock appeared first on Coinpedia Fintech News As the DeFi arena expands, the introduction of an innovative cFyF feature could serve as a catalyst pulling the Ethereum user base to Octoblock. What Is cFyF? Octoblock’s latest innovation, Crowd Funded Yield Farming (cFyF) is a popular cushion ensuring maximum yields and guaranteed airdrop eligibility. Octoblock trailblazes decentralized finance (DeFi), leading the charge with its pioneering cFyF technology. This…

Recent news from the blockchain and DeFi industries has highlighted the NAVI Protocol's ambitious NAVI X Ecosystem Fund. This move seeks to support the development of creative endeavors inside the SUI blockchain's DeFi and Move-based ecosystem, and it is funded with a hefty investment of 10 million NAVX tokens.  The fund aims to improve the operational functioning of the SUI blockchain and increase its user involvement by providing vital resources to projects at various phases of their life cycles. It…

Gibraltor, Gibraltor, April 2nd, 2024, Chainwire Anish Mohammed, Co-Founder, CTO, and Chief Scientist at Panther Protocol, recently joined Meher Roy on the Epicenter Podcast. They discussed Anish’s journey into crypto, the genesis of Panther Protocol, how Panther will preserve the privacy of its users, what’s coming in its Mainnet launch, and its mission to enable privacy and compliance in the DeFi space.  Who is Anish Mohammed? Anish Mohammed’s foray into the tech world began at Ericsson, where he developed payment systems…