MAY 2026 HIP-4: A New Way To Express A Bet​ Abstract HIP-4 introduces a new contract type that lets...Payoff Shape​ ​ HIP-4: A New Way To Express A Bet​ Delphi Digital | 05 Who Wins on HIP-4?...7% $70M 6% $60M 5% $50M 4% $40M 3% $30M 2% $20M 1% $10M 0% $0 Illustrative HIP-4 Revenues...

PayPal and Coinbase also offer native yield of 4-5% for idle cash....cards are able to mitigate security concerns and work as advertised, we likely see the birth of Gen 4...Therefore, additional UX wrappers are necessary for both Gen 3 and Gen 4 to truly unlock the next level...

...the type of CeFi-DeFi collaboration that Mantle is prioritizing....In contrast, ByReal and the DEX portion can bring DeFi’s transparency and robust settlement. ...Currently, Mantle’s market cap and fully diluted valuation stand at 4.16 billion and 7.69 billion dollars...

DEXs have a ~3% market share of the top 4 CEXs....The use of top 4 CEXs for comparison skews results in favor of DEXs....Dymension: simplified rollup deployment Astria, Espresso Systems: shared sequencing networks Theme 4:...Term Labs’ rolling 4-week auctions have produced a fixed rate substantially below Aave’s variable rate...

DeFi Summer Four years ago, DeFi “Blue-Chips” such as lending protocol AAVE and derivatives protocol...For those of us who remember when AAVE was “ETHLend”, the notion of “DeFi” did not yet exist, and the...synths, and targets a collateralization ratio closer to 100% (much lower than Synthetix’s c-ratio of 400%...

Is DeFi Broken?...DeFi’s ability to cross the chasm....Oracles Presently, oracles secure around $45B in aggregate total value secured (TVS) which constitutes...just under half of all DeFi TVL....The reality is most DeFi users frankly don’t value decentralization and instead use DeFi for the simple...

Tune in for the live webinar on January 11, at 11:30 AM (EST) / 4:30 PM (UTC)....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...

BlackRock’s iShares Bitcoin Trust (IBIT), alone holds 572K BTC, more than 2.7% of supply, with nearly $47B...$1B in TVL and has continued to accelerate, now sitting at over $2.6B in active TVL and more than $4.4B...Today however, users of Morpho’s top curators (Steakhouse & Gauntlet) have each deposited over $450M...

...hidden silver lining is that despite this massive fall from grace, DEXs on Ethereum still did about $30-40B...Theme #4: Undercollateralized Money Markets We’ve written about undercollateralized money markets like...At most, the average person probably has 4-5 financial apps they use to get everything done....reasons we remain optimistic that DeFi will thrive.

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.

State of Lending in DeFi DeFi lending and borrowing protocols have seen a resurgence in activity, with...ERC-4626, also known as the Tokenized Vault Standard, aims to address this by introducing a protocol...Fundamentally, Euler V2 is a system of modified ERC-4626 vaults called credit vaults with added borrowing...

It’s in DeFi where this trend is most pronounced and where the implications are clearest....to roughly 5.5% as supply has grown past $12.5 billion, this remains above Treasury bills at around 4%...Arbitrum, Avalanche, and Aptos, generating an estimated $1.1B annually for Circle and Tether (assuming a 4%...

This is especially true for DeFi....Overcoming the immediate resistance should result in a test of $4.37-$4.50, which is consistent with...Unless a breakout happens, the big cluster of weekly support from $4.1k-$4.7k, which is simultaneously...-4.18....Price action following the COVID crash saw DeFi outperform pretty much every asset.

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...The vault sets aside a portion of the weekly interest payments to guarantee a base yield of 4% APY.

DeFi is yet to see an efficient model for spot leverage....It currently yields about 4% per year, which is a higher yield than lending ETH....ETH loan — implying 5x leverage, since collateral is usable too — would allow a user to earn Yearn’s 4%...But this is the first implementation of a composable leverage primitive in DeFi.

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....DeFi Yield Derivatives Market As we mentioned earlier, the DeFi yield derivatives market is small, with...

To be clear, Sei is not a DEX, it is a layer 1 optimized for DeFi....Solana is a general purpose layer 1 advertised as putting NASDAQ on-chain, targeting 400ms block times...parallelizing order execution, they were able to see 75-90% reductions in block times vs. sequential and 40...Sei is an upcoming Cosmos chain aiming to be a “DeFi-optimized” layer 1.

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...

...into an index for Solana and Ethereum DeFi tokens....fit relative to all other sectors of DeFi....with the DYDX token announcement, dYdX exchange volume has gone berserk. dYdX accounted for less than 40%...DeFi money markets are as strong as they ever have been....Market Update With L1 szn taking hold of crypto markets, DeFi coins have fallen out of favor over the...

Introduction In 2020, we had “DeFi Summer.”...In 2022, we see signs of a new emerging narrative: DeFi-type products that enable greater financialization...If we take the view that: The NFT market will continue to expand in size beyond $40B....NFTfi has generated just over $400,000 in lifetime revenue, which is tiny compared to other DeFi protocols...