Category: DeFi News

Crypto Custody Firm Launches DeFi Smart Contract Safeguards in Custodial Firewall

Crypto Custody Firm Launches DeFi Smart Contract Safeguards in Custodial Firewall

Crypto custody firm Trustology has rolled out a solution to combat the risk of smart contract security breaches in DeFi protocols. In the fast-paced and rapidly growing DeFi sector, unaudited protocols written by anonymous project owners and developers are aplenty and yield farmers often jump into new projects without fully understanding the risks they present. […]

Continue Reading

CoinGecko Survey: Yield Famers Not Concerned with DeFi Protocol Smart Contracts, Only with Liquidity

CoinGecko Survey: Yield Famers Not Concerned with DeFi Protocol Smart Contracts, Only with Liquidity

Yield farming has ballooned into a formidable sector all on its own under DeFi and for good reason. In a high volatility market such as crypto, capturing money-making opportunities and finding areas of high liquidity are paramount, so it is no wonder that yield farming almost guaranteed rewards and high liquidity providers has attracted swarms […]

Continue Reading

“Actual” Total Value Locked in DeFi is Only About 50% of Reported Value: Analyst

Reportedly, the recursive compounding of collateral on different DeFi project using the same initial capital tends to inflate the value locked in DeFi by almost 50%.  Data analytics websites reporting the ‘total value locked’ in DeFi, determine the value by analysing individual projects. However, the ecosystem has remarkable interoperability. DAI loaned in one project is […]

Continue Reading

Is Unequal Distribution of DeFi Tokens Threatening to its Security?

Is Unequal Distribution of DeFi Tokens Threatening to its Security?

The essential component of cryptocurrency or DeFi, especially, is non-custodial management and security of value. However, while decentralized governance systems are in place, the reality of the degree of control in DeFi is far from it.  In an analysis of yearn.finance (YFI) governance and decentralization, Hasu (alias), market researcher of Deribit Exchange notes that, … […]

Continue Reading