On-chain lending and borrowing — borrow rates, liquidations, governance, and collateralized debt activity.
A round-up of major protocol moves this week paints a picture of an L2 and DeFi stack digesting end-of-cycle pressure.
The platform originated over $737M in loans since 2020, but a thinner collateral base means per-loan revenue no longer clears operating costs — and the wind-down signals broader stress in NFT-native…
Aave is now bank-sized, yet the $2.9T US corporate loan market is still priced by humans — the gap is where AI-onchain credit is being pitched.
Curve Finance has deployed Llamalend v2 on Optimism as its first destination, backed by a 250,000 OP token grant from…
A new risk framework for Aave is under proposal following an exploit involving KelpDAO, a liquid restaking protocol…
Three of crypto's most insider VCs co-led alongside Apollo, Circle and VanEck — a cap-table that signals Morpho's real target isn't DeFi natives, it's the institutions it already services through…
Co-led by Paradigm, a16z crypto, and Ribbit Capital with participation from Apollo, Circle Ventures, and VanEck, the round ranks among the largest in DeFi history and signals TradFi's deeper push…
An 18,000-ETH borrow-and-deposit to a venue deep enough to absorb that size reads as a directional short, not a treasury rebalance — and $30M is the kind of flow that moves front-month perps.
Total value locked across DeFi protocols has shed nearly $100 billion since October 2025, marking one of the sharpest…
Bridges, flash-loans and key compromises have been engineered out. The remaining risk is bespoke protocol logic — and a single flaw now lands on Ethereum, Base, Arbitrum, Polygon, OP Mainnet and…
The protocol is also freezing locked LAB from NAV until August — but on-chain investigator ZachXBT says the strategy was the real mistake, not the unwind.
As Abra prepares for a $750M Nasdaq debut under ABRX, the CEO is staking the next phase on BTCAF, USDAF and DeFi-powered lending — and calling tokenization more consequential than the ETF debate.
Two of Hyperion's marquee 'triple-dip' yield deals — 800,000 HYPE, roughly 40% of its treasury — come back to the firm as Coinbase prepares to install USDC as Hyperliquid's quote asset.
Five storylines from the week that matter for DeFi: Hyperliquid's perp volume peaks, Radiant Capital plans a wind-down, Polymarket alleges Kalshi espionage, Kelp DAO's bridge loses funds, and the…
The Hyperliquid trader's account is down to $52K after a relentless stretch of forced unwinds — yet he's now adding back risk at a lower liquidation price, betting on a bounce that keeps failing to…
The risk stack concentrates just below current levels — $1.57B in cumulative exposure awaits a 5–10% ETH drawdown, with the heaviest cluster waiting at $1,362.
A $68K BTC wick triggered ~$400M in liquidations in an hour — Buterin's proposed fix targets the same reflexive cascade that punishes crowded longs first.
Ethena has selected Anchorage Digital as its custody partner for offchain collateral, marking a significant step in the…
October's $50M+ loss proved unrecoverable: no new financing, no growth, and no path back — the protocol will keep running for user exits but stops building.
The October 2024 exploit drained $51M across Arbitrum and BNB Chain, and 18 months later the omnichain money market says it cannot raise fresh capital — another casualty in a record-breaking year for…
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