Decentralized Finance

EigenLayer founder Sreeram Kannan at ETHDenver 2024 (Danny Nelson/CoinDesk)
EigenLayer, Crypto's Biggest Project Launch This Year, Is Still Missing Crucial Functionality
The "restaking" protocol with $15 billion in deposits won't pay rewards to depositors and is missing its mission-critical "slashing" feature.
EigenLayer founder Sreeram Kannan at ETHDenver 2024 (Danny Nelson/CoinDesk)

BIS tower building (BIS)
DeFi Borrower Behavior Key to Gauging Tokenization Risks: BIS Study
The study was designed to look at the largely unexplored "intricacies" of user behavior and dynamics of decentralized finance lending, the authors said.
BIS tower building (BIS)

(Alina Grubnyak/Unsplash)
The Protocol: Restaking Tokens Are Exploding, and Restaking Isn't Even Live
In this week's issue of our weekly blockchain tech newsletter, Sam Kessler explores how "liquid restaking tokens" or LRTs are remaking decentralized finance. PLUS: Starknet's...
(Alina Grubnyak/Unsplash)

Pendle TVL. (DeFiLlama)
DeFi Platform Pendle Nears $1B in Total Value Locked
Pendle crossed the $100 million TVL mark in mid-June 2023.
Pendle TVL. (DeFiLlama)

Christy Goldsmith Romero (CFTC)
DeFi Identity Should Be Focus of U.S. Policymakers, CFTC Says
Policymakers should identify the projects of greatest concern and prioritize progress on digital identity, a report from one of the regulator's committees said.
Christy Goldsmith Romero (CFTC)

DeFi TVL and volume (DefiLlama)
DeFi Market Rebounds to $50B as Speculators Hunt for Yield
An uptick across Solana-based protocols coupled with more than $700 million in deposits to Blast has fueled growth of the value locked in decentralized finance.
DeFi TVL and volume (DefiLlama)

Hands of two people are seen holding pencils over a pad of paper placed between two open laptops
KyberSwap Offers 10% Bounty to Attacker Who Made Off With $50M
The attacker had said negotiations would start when they are "fully rested," and hasn't been heard from since.
Hands of two people are seen holding pencils over a pad of paper placed between two open laptops

Ramon Recuero, Kinto CEO and co-founder (Kinto)
Blockchain Startup Kinto Plans 'First KYC'd' Ethereum Layer-2 Network After Raising $5M
Ethereum layer 2 Kinto network features native know-your-customer (KYC) checks and investor accreditation mechanism to help onboard regulated financial institutions.
Ramon Recuero, Kinto CEO and co-founder (Kinto)

Parliament house, Canberra, Australia. (Unsplash)
Australia Updates Its Capital Gains Tax Guidance to Include Wrapped Tokens and DeFi
Last year, the Australian Taxation Office (ATO) warned cryptocurrency investors that capital gains and losses must be reported every time a digital asset is sold.
Parliament house, Canberra, Australia. (Unsplash)

DeFi market volume and TVL (DefiLlama)
DeFi Market Recovers From 30-Month Low as Volume Hits Highest Point Since March
Total value locked across DeFi protocols has risen from $35.8 billion to $42 billion in two weeks.
DeFi market volume and TVL (DefiLlama)