In the first few years of Decentralized Finance (DeFi), platforms like Uniswap and Pancakeswap fueled the explosion of a field that has been defined by a series of spectacular gold rushes followed by a painful hangover. But as the industry evolves, businesses and governments alike...
It’s hard to come up with an investment riskier than crypto lending, which offered ridiculous returns of up to and even over 20% APY to anyone who’d put up the crypto collateral that funded various decentralized finance (DeFi) schemes. It’s even harder to come up...
Welcome to PYMNTS second series on decentralized finance, also known as DeFi. In the first series, we looked at what DeFi is, how it works, and the uses, risks and rewards that it brings. See also: PYMNTS DeFi Series: What Is DeFi? In this series,...
Crypto doesn’t learn. In May, terraUSD, a so-called “algorithmic” stablecoin broke its dollar peg, causing a run. Within the space of a week, investors were out $48 billion. The problem was that instead of the one-to-one reserve of dollars and highly liquid investments like short-term...
October 14, 2022
In the first few years of Decentralized Finance (DeFi), platforms like Uniswap and Pancakeswap fueled the explosion of a field that has been defined by a series of spectacular gold rushes followed by a painful hangover. But as the industry evolves, businesses and governments alike are looking to establish order in the DeFi wild west. […]
July 16, 2023
Crypto lender Aave has debuted its first stablecoin. Announced on the company blog Saturday (July 15), Aave’s GHO coin is now live on the ethereum network. “GHO was developed with the same goal as the Aave Protocol: to enable a people-powered financial ecosystem, accessible to all, that everyone can benefit from,” the blog entry said. “With the Aave […]
June 19, 2022
Babel Finance has suspended its withdrawals and redemptions, a company notice said. This comes as it notes that the crypto has seen “major fluctuations” and some industry players have seen...
