DeFi

Green and orange spiral as abstract object on the dark background, representing Ethereum layer 2, rollups, sharding and blobs.
Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes
An ongoing crisis situation stemming from a large curve token collateral can be prevented by pausing all borrowing activity, Gauntlet argued in a Wednesday protocol.
Green and orange spiral as abstract object on the dark background, representing Ethereum layer 2, rollups, sharding and blobs.

Justin Sun Says He's 'Excited' to Assist Curve; DeSantis Accuses Biden of 'War on Bitcoin'
Justin Sun Says He's 'Excited' to Assist Curve; DeSantis Accuses Biden of 'War on Bitcoin'
Coin Desk Daily breaks down some of the top headlines from the world of crypto including Justin Sun's efforts to help De Fi giant Curve after a recent exploit There could be a path forward to reboot FTX but the revamped exchange would only be available to offshore customers And a closer look at what [...]
Justin Sun Says He's 'Excited' to Assist Curve; DeSantis Accuses Biden of 'War on Bitcoin'

Curve founder Michael Egorov took out highly leveraged loans. (Michael Egorov, modified by CoinDesk)
DeFi Died and We Didn’t Even Notice
The behavior of Curve founder Michael Egorov is warning to all, and proof that DeFi isn’t really that different from traditional finance.
Curve founder Michael Egorov took out highly leveraged loans. (Michael Egorov, modified by CoinDesk)

(Callum Skelton/Unsplash)
Spooked by Curve Liquidation Threat, DeFi Protocols Shore Up Defenses
They’re responding to the potential systemic risk posed by Michael Egorov’s teetering financial position.
(Callum Skelton/Unsplash)

Dion Chu, Founder and CEO (Term Labs)
DeFi Platform Term Finance Brings Fixed Rate Lending to Ethereum
Short term, fixed rate loans can now work in harmony with Aave and Compound's "ultimate liquidity" model.
Dion Chu, Founder and CEO (Term Labs)

Curve Finance Exploit Puts $168M Lending Position Held by Founder at Greater Risk of Liquidation
Curve Finance Exploit Puts $168M Lending Position Held by Founder at Greater Risk of Liquidation
Curve Finance's token (CRV) has fallen over 20% in the past three days, after the stablecoin exchange at the heart of DeFi on Ethereum fell victim to an exploit. BlockSec co-founder Yajin "Andy" Zhou breaks down the details what happened as Tron founder Justin Sun and others step in to help.
Curve Finance Exploit Puts $168M Lending Position Held by Founder at Greater Risk of Liquidation

Justin Sun (CoinDesk)
Crisis at DeFi Giant Curve Eases After Justin Sun and Others Step In With Help
Sun said a liquidity pool that utilizes tether stablecoins issued on the Tron network would “amplify user benefits,” pointing to saving a potentially bad loan.
Justin Sun (CoinDesk)

Curve's new pool dedicated to Fraxlend's CRV/FRAX market (Curve)
Curve Founder Deploys New Liquidity Pool to Address FRAX Debt Situation
Analysts said it is an attempt to incentivize liquidity to FraxLend's pool from where Egorov has taken a loan of 15.8 million FRAX.
Curve's new pool dedicated to Fraxlend's CRV/FRAX market (Curve)

Sam Bankman-Fried (right) exits a Manhattan courtroom on July 26, 2023. (Nikhilesh De/CoinDesk)
Is Sam Bankman-Fried Tied to a New Apparent Crypto Scam Called BALD?
On-chain data shows bald's deployer contract has interacted with Alameda-linked wallets and was an active DeFi participant in the early days.
Sam Bankman-Fried (right) exits a Manhattan courtroom on July 26, 2023. (Nikhilesh De/CoinDesk)

(charnsitr/Shutterstock)
Nomura Backs $6M Round for On-Chain Fund Platform Solv Protocol
The Singapore-based startup allows institutions and venture capitalists to create, use and sell financial products.
(charnsitr/Shutterstock)