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Compound Finance has integrated Ethena’s USDe stablecoin and Mantle’s mETH liquid staking token, enhancing its DeFi offerings. This move, approved by tokenholders, aims to capitalize on the growing trend of yield-bearing assets, with USDe offering an APY of 17.5% and mETH providing a 2.86% yield. The additions are expected to boost Compound's total value locked and liquidity, fostering a more dynamic DeFi ecosystem.
Western Union and MoneyGram are facing significant declines in app downloads, with Western Union down 22% and MoneyGram 27%, as stablecoin adoption rises. Stablecoins offer faster, cheaper cross-border payments, attracting users in regions with currency instability and limited banking access. The stablecoin market surpassed $200 billion in capitalization in 2024, with major players like Tether and Circle earning substantial profits, prompting traditional remittance companies to consider integrating stablecoin payments.
Ethena is aiming for neobank status by expanding its services to include Telegram payments and the introduction of its institutional token, iUSDe. This move is part of a broader strategy to enhance its offerings and attract a wider user base in the digital finance space.
Restaking has emerged as a transformative force in decentralized finance (DeFi) in 2023, attracting over $25 billion in assets and establishing itself as a foundational element of the crypto market. Ethena leads the sector with over $5.5 billion in total value locked, integrating with major platforms like AAVE and Morpho. While Ethereum is at the forefront with protocols like $EIGEN and $PUFFER, BNB Chain is beginning to develop its restaking ecosystem, highlighted by the promising growth of #LAY3R, which currently has a fully diluted valuation of $5 million.
Solv Protocol is set to launch its native token, SOLV, on Hyperliquid, a layer-1 blockchain focused on trading, marking one of the first token launches on its spot exchange. The specific launch date is yet to be announced, and Solv has invested approximately $130,000 for the listing slot through a Dutch auction process.Hyperliquid has garnered over $2.5 billion in total value locked since its May launch and specializes in leveraged trading. Solv, which manages over $3 billion in total value locked, offers Bitcoin staking across various blockchain networks and aims to create a yield-bearing Bitcoin reserve in DeFi.
World Liberty Financial (WLFI) is integrating the sUSDe stablecoin into its DeFi ecosystem through a partnership with Ethena, proposing dual rewards in sUSDe and WLFI's WLF tokens to enhance liquidity. WLFI has invested $500,000 in Ethena and $250,000 in Ondo, expanding its digital asset portfolio to $83 million, with ETH as the largest holding at $57 million. The initiative aims to position WLFI's Aave v3 instance as a competitive DeFi destination, coinciding with a broader strategy to strengthen its presence in the digital asset sector.
Ether.Fi has proposed allocating 5% of its protocol revenue to buy back ETHFI tokens and reward stakers, aiming to enhance the token's utility and align user incentives with the platform's growth. This initiative will initially benefit tokenholders who have staked ETHFI for at least one month, with a decision expected by the end of the week following a tokenholder vote. The protocol, which has nearly $10 billion in total value locked, has generated around $60 million in revenue since its launch in 2023.
A veteran trader predicts a resurgence in the decentralized finance (DeFi) sector, citing President-elect Donald Trump's recent $50 million investment in DeFi tokens through his World Liberty Financial platform. The trader expresses optimism for the decentralized stablecoin Ethena (ENA) and Aave (AAVE), suggesting that AAVE is poised to reach all-time highs after a lengthy accumulation phase.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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