DeFi
Decentralized finance news and analysis covering lending, exchanges, stablecoins, and the protocols rebuilding financial infrastructure without banks.
Gitcoin Quorum Cut To 1.5M GTC Already Has 2.7M Votes In Favor
The Gitcoin quorum proposal would cut the Snapshot threshold from 2.5M to 1.5M GTC and has 2.7M votes in favor. See the governor upgrade and Techne plans.
Arbitrum RAD Budget Held For Q4 As ARB Rally Is Averaged Out
The Arbitrum RAD budget stays unchanged for Q4 as OpCo uses a 3-month ARB average. See payout caps, the final MSS report and a 1,700 ETH treasury proposal.
Balancer Fork Vote Reopens As The Wind-Down Clock Runs To Oct 30
The Balancer fork vote BIP-932 runs October 9 to 13 after the DAO approved a wind-down. See how the first fork failed, the October 30 deadline and TVL.
Aave V4 Caps Rise On Arc And Ethereum As USDC Draw Cap Fills
Aave V4 caps rise in ten changes on Arc and Ethereum, with the USDC draw cap fully used on Maple. See the new limits, utilization and interest-rate tweaks.
Spark October 22 Spell Seeks 100M sUSDS Bridge And WETH Rate Cut
The Spark October 22 spell proposes bridging 100M sUSDS to Arbitrum, cutting the WETH slope 2 to 30% and funding grants. See the vote timeline and rate changes.
USAT Aave Listing Proposed For V3 Core And V4 Core Hub On Ethereum
The USAT Aave proposal would list the Anchorage-issued stablecoin on Aave V3 and V4 on Ethereum. See the vote steps, the 183.3M supply and the issuer details.
PT-AUSD Supply Cap On Aave Monad Doubles To $60M After 100% Fill
The PT-AUSD supply cap on Aave V3 Monad would double from 30M to 60M after hitting 100% use. See holder health factors, the Pendle pool and the maturity date.
Binance Collateral Ratio Rises To 60% For ENA, ONDO, BCH, 2 bStocks
Binance collateral ratio rose to 60% for BCH, ENA, ONDO, CRCLB and MSTRB on Oct 9, and ZEC tiers widened. See every change and the new tier schedules.
SoFiUSD Reserves Are 100% Cash As Supply Triples Since May
SoFiUSD reserves were $314.8M in cash on Aug 31 against 308.3M tokens. See the cash surplus, the Ethereum and Solana split and the supply jump since May.
Hyperliquid Funding Rates Held Up While Binance's Went Negative
Hyperliquid funding rates stayed near baseline while Binance's turned negative, with BTC never below zero in 120 hourly prints. See open interest and the gap.
Arc TVL Reaches $554M, With 72% In One Circle Wrapped Bitcoin
Arc TVL reached $554M on Oct 9, and 72% of it is cirBTC, Circle's wrapped bitcoin. See the lenders, supply on Arc and Ethereum, and stablecoin balances.
Ethena USDe Supply Slips $157M As Binance Funding Turns Negative
Ethena USDe supply fell $157M in two days to $4.82B, its biggest two-day drop in 60 days, as Binance funding turned negative. See backing, chains and yield.
XRP Funding Rate Stays Negative On Binance, Lowest Since August
XRP funding rate on Binance stayed negative for seven settlements, with Oct 9 the lowest since Aug 15. See prints, open interest, price and account ratios.
LayerZero TVL Jumped $3.9B On One Token Sent From Polygon To Arc
LayerZero TVL rose $3.86B in a day as 4.46B WPAY was sent from Polygon to Arc. See the onchain sends, the thin WPAY market and what TVL looks like without it.
Zcash ETF Outflows Hit $108M In Seven Sessions As ZEC Falls 28%
Zcash ETF outflows reached $108.4M from Sept 28 to Oct 8, per Farside, as ZEC fell 28% from its Sept 26 close. See daily flows, price data and fund scale.
USDGO Stablecoin Reserves: BUIDL Share Up From 28% To 37%
USDGO stablecoin reserves hit $1.249B at Aug 31, with BUIDL at $462.5M. See the attestation, the $219M supply drop on Sept 30 and OSL's new fund launch.
Bitget BTC Reserves Down 17% After Withdrawals Reopened
Bitget BTC reserves are about 17% below September 28 after withdrawals reopened, with a small rebuild since. See the wallet data and CryptoQuant outflows.
Sui 40.6M TPS Claim Is Offchain, Mainnet Averages 108 TPS
Sui 40.6M TPS came from off-chain tunnels. Sui mainnet averaged about 108 TPS this week, so the headline is roughly 376,000 times the real average rate.
USDC Supply Falls $2.6B Since Sept 25 As USDT Gains On Solana
USDC supply fell about $2.6B since Sept 25 to $73.85B while USDT added $528M in a week. Circle's own data and a chain-by-chain split show where it went.
Cardano TPS Record Claim: One Address Made 25% Of Oct 7 Traffic
Cardano TPS record claim of 329 rests on a one-second block gap. Koios data shows one address made 25% of Cardano's October 7 transactions. See the numbers.
Polygon Open Money Stack Adds TRON, A USDT Pool 119x Its Own
Polygon Open Money Stack now supports TRON, a chain whose USDT pool is about 119 times larger than Polygon's own. See the contract reads and DefiLlama data.
Robinhood Chain TVL Holds $1.05B As DEX Volume Falls 72%
Robinhood Chain TVL is near $1.05B, up a third since September, while DEX volume fell 72% from its peak. Lending vaults and USDG holders explain the gap.
Falcon USDf Supply Jumps 37% As Six Wallets Take $431M
Falcon USDf supply rose 37% in a week to $1.66B. Contract logs show 22 mints from one sender, with six wallets taking $431M and none staking or selling.
Open USD Supply Hits $730M In Week One, 67% On Tempo
Open USD supply hit $733.7M in week one, with 67% on Tempo. Contract reads show one wallet holding 40% there while 24-hour volume is only about $602K.