Curve Finance, TON drive DeFi evolution with partnerships

November 5, 2024 Coin Telegraph

CFMM

2025 will be TON’s year of DeFi, and it has partnered with Curve Finance to support a competition to find early leaders.

The approaching new year will be the year of decentralized finance (DeFi) on The Open Network (TON) blockchain, developer TON Foundation has declared. Decentralized exchange Curve Finance joined in to start the process, and TON and Curve held a competition for DeFi teams to develop stable asset swaps using Curve Finance’s proprietary technology.

TON is completing what it calls the first tier of DeFi primitives, it announced in a blog authored by TON DeFi lead Vlad Degen. The author had in mind lending solutions, liquidity staking and Constant Product Market Maker protocols. Emerging second-tier projects include launchpads, options and derivatives, and:

As part of the partnership with Curve Finance finalized in September, a competition was held to develop Curve’s Constant Functional Market Maker (CFMM). This technology promises reduced price volatility and lower slippage.

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Viral squirrel ‘Peanut’ triggers Solana memecoin frenzy

November 3, 2024 Coin Telegraph

BNB Smart Chain

Following the controversial death of Peanut the Squirrel, memecoins themed after Peanut have surged on Solana, with some hitting market caps of more than $100 million.

Memecoins, riding the sudden rise in popularity of “Peanut the Squirrel,” has hit the Solana decentralized finance (DeFi) markets, with some tokens even reaching a market capitalization above $120 million.

Mark Longo, the owner of Peanut’s social media account with over 600,000, wrote that on Oct. 30, New York’s Department of Environmental Conservation confiscated and euthanized the popular squirrel and a raccoon named “Fred.” This follows complaints of alleged unsafe housing for Peanut. Longo wrote on Instagram:

Longo said he first rescued the squirrel about seven years ago after seeing Peanut’s mother get hit by a car. Because of an injury, Longo deemed that Peanut couldn’t survive in the wild. Because of this, Peanut nursed him back to health and became his caretaker.

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How the Lindy Effect can make users overconfident in DeFi ‘brands’

October 31, 2024 Coin Telegraph

Coin Telegraph

Users have more confidence in DeFi brands the longer they survive without incident, but every new upgrade may reset the clock.

Opinion by Merlin Egalite, co-founder of Morpho Labs.

There is a great irony in crypto: it was designed to be "trustless," but trust and longevity for brands often play a major role in where users decide to allocate and use their crypto. So it's no surprise that the Lindy Effect is a concept often discussed in the DeFi space.

But it's applied inconsistently, sometimes to the companies or brands and sometimes to the code of a protocol. It's worth unpacking how the Lindy Effect can be applied to both and what users should look for when assessing their product options.

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Centralized stablecoins may pose risk to DeFi — Curve Finance founder

October 30, 2024 Coin Telegraph

Coin Telegraph

As centralized US dollar-pegged stablecoins continue to gain popularity, the potential for regulatory capture has grown.

The potential risks of overcollateralized stablecoins have recently come into sharper focus. Michael Egorov, the founder of the decentralized borrowing and lending platform Curve Finance, explained that these risks are not necessarily the reserve-related risks commonly noted by investors, but geopolitical risks posed by government regulation.

In an interview with Cointelegraph, Egorov argued that the underlying assets backing collateralized stablecoins, including cash deposits in financial institutions and government securities, such as United States Treasury bills, are vulnerable to asset freezes and seizures.

United States Senator Bill Hagerty’s bill proposal to regulate stablecoins in the US. Source: US Senate

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Winklevoss-backed DeFi platform launches after $6.9M investment round

October 22, 2024 Coin Telegraph

Winklevoss-backed DeFi platform launches after .9M investment round

Azura

Azura completed a $6.9 million investment round backed by the Winklevoss twins, Volt Capital and Alliance DAO.

Azura, a new all-in-one crypto application aggregation layer, has launched with support from some of the most notable crypto founders.

Azura, which brands itself as an onchain interfacing layer, launched on Oct. 22, aims to lower the entry barrier for new investors and enable them to trade any asset via decentralized finance (DeFi) applications.

Azura aims to support all blockchains and protocols, according to an Oct. 22 X post:

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Here’s the Crypto Sector With the Biggest Product-Market Fit, According to Investor Arthur Cheong

October 22, 2024 The Daily Hodl

Blockchain

DeFiance Capital CEO Arthur Cheong believes that one crypto sector is meeting the needs of a market much better than all other sectors. In a new interview with Alex Thorn, an executive at crypto financial services firm Galaxy Digital, Cheong says that decentralized finance (DeFi) continues to prove itself as the crypto sector with “the […]

The post Here’s the Crypto Sector With the Biggest Product-Market Fit, According to Investor Arthur Cheong appeared first on The Daily Hodl.

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Tech Advances Associated With DeFi Could ‘Profoundly Affect’ Financial Market Trading, Says US Fed Governor

October 19, 2024 The Daily Hodl

Blockchain

A crypto-skeptic US Federal Reserve governor says technology advances associated with decentralized finance (DeFi) could complement its centralized finance counterpart. In a speech earlier this week in Vienna, Austria, Fed Governor Christopher J. Waller said DeFi tech could lead to efficiency gains, though he also stressed the value of centralized financial markets. “It is easy […]

The post Tech Advances Associated With DeFi Could ‘Profoundly Affect’ Financial Market Trading, Says US Fed Governor appeared first on The Daily Hodl.

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Is Complete Decentralization of Finance Realistic? Fed Governor Waller Says No

October 19, 2024 Bitcoin.com

bitcoin.com

A Federal Reserve governor questioned whether decentralized finance (defi) can truly eliminate the need for intermediaries, despite bitcoin’s revolutionary promise. While decentralized systems aim to bypass traditional structures, he argues that trust in intermediaries still resurfaces. Could crypto ever be fully decentralized, or will it mirror traditional finance? The potential regulatory challenges and the role […]

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Stablecoins can benefit financial system, Fed governor says

October 18, 2024 Coin Telegraph

Coin Telegraph

The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone.

On Oct. 18, Federal Reserve Bank Governor Christopher Waller told an audience at the Institute of Advanced Studies that well-regulated stablecoins could benefit the current financial system.

“Stablecoins can reduce the need for payment intermediaries and thereby reduce costs of payments globally,” Waller stated, but immediately qualified his remarks by saying that stablecoin “Safety is not assured.” The Fed official explained:

Waller also noted that decentralized finance can achieve a symbiotic relationship with traditional finance instead of supplanting it altogether. This viewpoint was previously pitched by some US lawmakers, who argue that decentralized finance and dollar-denominated stablecoins can extend dollar dominance by decades.

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5 DeFi predictions for 2025: Rise of AI, Omnichain and BTC derivatives

October 18, 2024 Coin Telegraph

It's that time of year again when pundits break out the crystal ball to predict the big new trends in DeFi for 2025.

It’s the fourth quarter of the year, which can only mean one thing: prediction season is here. It’s that time when industry figures gaze into the crystal ball to glean the trends that will define the following year.

But this isn’t just guesses: those who work on the frontlines of web3 have a good idea what shape the next game-changing innovations will take, because they’re the ones currently building them.

While there are no guarantees for what 2025 will hold, just probabilities, I’m confident there’s an outsize chance of the following trends coming to pass.

decentralized finance

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