DeFi

DeFi Protocol Yield Suffers Almost $4 Million Loss

Key Insights Yield protocol, also known as YO, lost $3.7 million due to slippage during a routine swap. The DeFi protocol swapped $3.84 million GHO stablecoin for just $112,000 USDC. It has now sent an onchain message to the liquidity pools and addresses that captured the surplus, asking for a refund. The decentralized...

Visa Looks to Expand Into DeFi Lending

Key Insights: Visa wants to provide infrastructure for traditional finance institutions to onboard to DeFi lending. The payments giant believes stablecoins have the potential to transform...

Grayscale Introduces First U.S. Spot Crypto Funds With Staking

Key Insights: Grayscale debuts Ethereum and Solana spot funds with staking options for U.S. investors. ETHE, ETH, and GSOL allow staking rewards without direct crypto ownership. CEO...

Is DeFi About to Replace Wall Street as Kraken Brings xStocks to BNB Chain?

Key Insights: Kraken and Backed launched xStocks on BNB Chain, enabling 24/7 trading of tokenized U.S. equities like Apple and Tesla. BNB Chain joins the xStocks...