In Comet there are 3 steps in consensus: propose, pre-commit, and commit....The more validators you have, the longer it takes to propagate data to all of them and get 2/3 to commit...Then another round “3” runs later, again committing new blocks (X3) with referenced certificates.

DeFi Summer Four years ago, DeFi “Blue-Chips” such as lending protocol AAVE and derivatives protocol...increased at least 25% in 2023 – Created in the past 2 years Our initial chain filter leaves us with 3...Rather than myself trying to weigh these protocols against one another, I’ll simply choose the 3 that...

Osmosis pay, Sanctum pay, Moonwell, Avalanche Gen 3: True self-custody, spend crypto smart contract wallet...Gnosis Pay, Fuse Pay, Metamask card, Argent card, EtherFi The difference between gen 2 and gen 3 cards...The real debit & credit cards offered by gen 3 enables spending on a wider range of goods and services...

DEXs have a ~3% market share of the top 4 CEXs....The all-in DEX market share is closer to 3% and 1% for spot and perps, respectively....soon bring TradFi yields on-chain and has begun teasing this feature on their IPOR index analytics page...Instead, we need parallel products that help simplify the experience of using Web 3 products.

Mantle’s journey is a representation of the convergence of CeFi and DeFi, a very pertinent one at that...of the leading centralized exchanges in crypto, commanding over 25B in daily derivatives volume and 3-...BitDAO’s original vision was to act as an incubator and decentralized investor in the DeFi sector at...

Price action following the COVID crash saw DeFi outperform pretty much every asset....Several 0-1 DeFi innovations helped generate interest and attract additional capital flows....This is especially true for DeFi....Since DeFi Summer in 2020, DeFi has largely underperformed ETH throughout the previous bull market as...

Theme #3: 0-1 Speculation Primitives Speculation primitives have ample runway for progress in 2023....Ideally, the setup is semi-centralized, with a multisig wallet where the platform holds 1/3 keys and...the user holds 2/3 keys....keys and the platform holds 1/3 keys....One overlooked aspect of its potential is facilitator #3: delta-neutral positions.

Introduction Undercollateralized lending accounts for an underwhelming portion of DeFi lending activity...However, unsecured lending is one of the best ways to unlock capital efficiency in DeFi, and various...The State of DeFi’s Unsecured Money Markets It has been a tough year for crypto tokens as a whole, and...DeFi money markets have not been spared.

Quick Links Year Ahead for DeFi 2024 – Full Report Year Ahead for DeFi 2024 – Executive Summary Key Themes...DeFi made significant progress in the decentralized perps sector, but these improvements failed to carve...: Competition Between LSDs and the Restaking Economy Theme #2: All Eyes on Uniswap Liquidity Theme #3:...

Is DeFi Broken?...scale (2) Users are forced to accept heavy trust assumptions (that they are likely unaware of) and (3)...A maximum of 10 grants can be funded every cycle and a total of 3% of the treasury is the maximum AJNA...The Mom and Summer Finance teams were allocated 3% and 5.5% of the AJNA token supply respectively to...

Introduction After two years of free money, DeFi yields have fallen to unimpressive levels....Principal-protected vaults are an emerging niche of DeFi structured products that attempt to provide...portfolio theory, diversification, and advanced risk metrics are likely to become prominent narratives as DeFi...

State of Lending in DeFi DeFi lending and borrowing protocols have seen a resurgence in activity, with...Since Q4 2023, we’ve seen a resurgence in DeFi lending innovations that largely cater to a wider asset...The Morpho team subsequently decided to tackle the broader limitations of DeFi money markets and built...

Chart of The Day: UST is Now a Top 3 Stablecoin UST’s growth has been remarkable in 2022, expanding...It now has an estimated market cap of >$600M, almost similar to Azuki which launched 3 months ago....industries in crypto, but most staking solutions today have a glaring problem: they’re not built for DeFi...

Market Update With L1 szn taking hold of crypto markets, DeFi coins have fallen out of favor over the...into an index for Solana and Ethereum DeFi tokens....its outperforming individual DeFi tokens in light of SOL’s stellar rally....fit relative to all other sectors of DeFi....DeFi money markets are as strong as they ever have been.

The Path to DeFi’s ETF Moment: The Rise of Morpho, Curators, and Mullets The state of DeFi today suggests...For DeFi to grow beyond previous highs and achieve mainstream adoption, DeFi and CeFi must converge and...In this report, I’ll outline why vaults, curators, and “DeFi mullets” may help DeFi cross the chasm,...

DeFi is yet to see an efficient model for spot leverage....Opening the Door to New Strategies Access to efficient leverage opens a new door of possibilities for DeFi...But this is the first implementation of a composable leverage primitive in DeFi....reliable venues to obtain yield and trade assets, Gearbox could unlock a whole new look and feel to DeFi...

Table of Contents Purpose-Built for DeFi Optimizing Sei with ABCI++ Colocating Validators With Better...To be clear, Sei is not a DEX, it is a layer 1 optimized for DeFi....Serum, an order book application built on top of Solana, is the most used entity and accounts for ~1/3...Sei “trims the fat” and strips out all the non-DeFi activities from their chain.

Way To Earn Yields Decentralized Option Vaults (DOVs) are a relatively new product in the world of DeFi...Though the development of DeFi products built around options has been exciting, it’s still relatively...Furthermore, the requirements of full collateralization within the DeFi options market further reduces...

But the success of DeFi derivatives’ has been restrained to a select few exchanges....DeFi fixed income and yield derivatives seemed like a sure bet to those who believed DeFi trends would...However, IRS in DeFi and IRS in TradFi work very differently....DeFi fixed income is a different beast altogether....But the success of DeFi derivatives’ has […]...

Despite the prevailing market conditions, Binance facilitated $3 trillion of perp volume in May and $2...that perpetual futures are incredibly important for crypto — and now they’re making their way into DeFi...Earlier this year, we published a deep dive into DeFi perpetuals.