defi

The DeFi insurance protocol Firelight has begun underwriting, with its insurance payouts backed by 50.02 million XRP staked on the Flare network. The first batch of underwritten positions is directed towards two Sentora vaults.According to the arrangement, relevant claims will be adjudicated by a coalition of five institutions with a three-fifths majority vote, and the audit report for the underwriting contracts is currently marked as forthcoming.

According to The Block, Nasdaq-listed Solana Treasury company DeFi Development Corp. (DFDV) announced that it has approved an open-ended buyback plan to repurchase all outstanding shares of its CHAD preferred stock, including any shares that may be issued in the future.The plan gives the company flexibility to repurchase when the trading price of CHAD is below the $10 par value. The company stated that it does not intend to immediately buy back CHAD but hopes that the preferred stock will stabilize near the par value first.DeFi Development CEO Joseph Onorati stated that the company's primary goal is simple: to bring CHAD back to par value. He mentioned that this is not an announcement to buy CHAD today, but rather to set up the infrastructure, so that once CHAD stabilizes near par value, if it subsequently falls below par, the company will have an additional tool available. He also stated that the company views CHAD as a long-term financing platform rather than a one-time issuance.This open-ended authorization adds a potential funding allocation tool to DeFi Development's existing $300 million At-the-Market (ATM) issuance plan for CHAD, which the company previously stated would be used to raise funds for increasing its holdings of SOL. The company paid the first dividend on CHAD on October 1.Additionally, the company stated on Monday that preliminary estimates for the third quarter show that as its Solana Treasury increased to 2.56 million SOL over the past week, the net asset value per share has more than doubled compared to before. DFDV's stock price rose 3.3% during Tuesday's trading session.

In August, the U.S. trade deficit significantly widened to $105.6 billion, the highest level since early 2025. A surge in capital goods imports drove overall imports to a record high, increasing by 4.3%, while exports rose by 1.4%.Adjusted for inflation, the goods trade deficit expanded to $114.7 billion. Imports of crude oil and petroleum products increased by $9.1 billion, while exports rose by $6.3 billion.

According to Defimon Alerts monitoring, a new address funded by Tornado Cash withdrew 200 WETH from a dormant MakerDAO ETH-A liquidation bot on October 6, resulting in a loss of approximately $538,000.This upgradable proxy had won four ETH-A liquidation auctions in 2020 (numbers 1457 to 1460, each with 50 WETH), but did not call deal(), leaving the collateral in Flipper.The withdrawal function of the implementation contract was not protected by ds-auth, allowing any caller to trigger it: first calling deal() on the aforementioned old auctions, then transferring the collateral to the keeper via Vat.flux, and subsequently using GemJoin.exit to transfer 200 WETH to the address specified by the caller and unpacking it into ETH. The MakerDAO core contracts operated as designed, with the vulnerability lying in the unprivileged exit function of the third-party bot.

TRON DeFi Summer S3 is in full swing, with a total prize pool of 2 million USD, covering four major asset pools: TRX, USDD, JST, and SUN, providing a 60-day Boosted APR incentive.JUST has simultaneously launched a community interactive vote, inviting users to share the asset directions they are more focused on this season, adding more community engagement to S3. Now, by entering JustLend DAO through Binance Wallet, you can choose the corresponding asset pool to participate------cast your S3 choice and simultaneously open your 60-day Boost earnings window.

Cryptocurrency trader Ansem posted that he believes correlating the current cycle with the markets of 2020, 2023, or 2024 has limited reference value. For him, the closest environment to the current one is the DeFi expansion from 2020 to 2021, when a brand new business sector brought billions of dollars into the blockchain.In this cycle, stablecoins, especially tokenized stocks, are opening new markets while attracting participation from retail investors, institutions, and developers. New fields will bring new capital flows, products, and a large amount of speculative activity, which is the framework he uses to analyze this cycle.

The decentralized lending protocol Compound is currently conducting a governance vote on Proposal 612. This proposal aims to extend the delay time for treasury operations from 2 days to 10 days and grants the governance mechanism the power to cancel treasury operations.According to The Defiant, a wallet associated with Humpy has cast 1.75 million COMP tokens in support of this proposal.

Token Terminal announced on platform X that a tokenized ETF valued at $53.4 million has been deposited into DeFi, tracking asset sizes of $35.3 million and $25.8 million for STRC and FWDI, respectively.In the tokenized stock market of approximately $3.7 billion, about 7% has been deposited into DeFi.

According to The Block, S&P Global Ratings has launched a new risk assessment framework for on-chain lending vaults. The report states that the deposit scale in this field has reached $10 billion, up from $1.5 billion two years ago.The framework will assess credit, liquidity, managers, blockchain, protocols, security, and governance risks, with the first batch of vault assessments to be announced soon.

TRON DeFi Summer S3 officially begins, with a total prize pool of 2 million USD, including a TRX pool of 1 million USD, a USDD pool of 600,000 USD, a JST pool of 300,000 USD, and a SUN pool of 100,000 USD. The four major asset pools will simultaneously open a 60-day Boosted APR incentive.Users can enter JustLend DAO through Binance Wallet DeFi to participate. Users who participated in S2 do not need to reapply; they can maintain their current holdings to seamlessly continue their S3 reward eligibility. Although S2 has concluded, the 60-day Boost window for S3 has just opened------both new and existing users can join immediately to continue writing a new chapter of earnings in TRON DeFi at JustLend DAO.

On October 3, TRON DeFi Summer announced that S3 will officially launch tomorrow (October 4) at 08:00 SGT, with a total prize pool of 2 million USD, including a TRX pool of 1 million USD, a USDD pool of 600,000 USD, a JST pool of 300,000 USD, and a SUN pool of 100,000 USD. The four major asset pools will simultaneously open a 60-day Boosted APR incentive.Users can enter JustLend DAO through Binance Wallet DeFi to participate. Users holding S2 positions do not need to take additional actions to automatically extend their S3 reward eligibility. New users can prepare assets in advance to seize the first day's earnings. With the S3 opening approaching, we sincerely invite both new and old users to join together and share in the 60 days of Boosted earnings.

Coinbase's Ethereum Layer 2 network Base announced on X that 26 new tokenized stocks have been launched on Base, available for trading around the clock and can be used in combination within Base's DeFi ecosystem.

TRON DeFi Summer announces the latest arrangements for S3: the event will officially launch on October 4 at 08:00 (SGT) and will last for 60 days, with a total prize pool of 2 million USD, including a TRX pool of 1 million USD, a USDD pool of 600,000 USD, a JST pool of 300,000 USD, and a SUN pool of 100,000 USD.Users can enter JustLend DAO through Binance Wallet DeFi to participate in the Boosted APR incentives. Users who participated in S2 do not need to reapply; simply maintaining their holdings will automatically extend their eligibility for S3 rewards. New users can prepare their assets in advance to join as soon as it opens. More S3 gameplay will be announced soon.

Aave founder Stani Kulechov expressed disappointment on the X platform regarding the responses from the European Central Bank (ECB) and the European Banking Authority (EBA) to the MiCA consultation. He stated that both institutions not only advocate for banning stablecoin payment yields but also propose restrictions on crypto asset service providers (CASP) offering users access to DeFi, including services involving non-MiCA authorized stablecoin yield protocols.Kulechov indicated that the relevant opinions also involve restricting DeFi services to specific user groups through "suitability tests" and potentially establishing a certification system for DeFi lending protocols. He believes that if regulators decide which protocols are suitable for European users, it could lead to more closed ecosystems, weakening the liquidity and network effects of open DeFi, and limiting opportunities for European users to participate in on-chain finance.

According to The Defiant, SMBC Nikko Securities announced on October 2 that it has signed a memorandum of cooperation to develop a decentralized finance (DeFi) platform called "DeFi Gateway" aimed at Japanese investors.Participants include blockchain development company Nethermind, Uniswap Labs, the general incorporated association Nyx Foundation, and Coinbase Technologies, which operates the Ethereum Layer 2 network Base. The project will develop a liquidity provision protocol and proprietary liquidity pool, complying with Japanese laws and regulations, with plans to complete development by mid-2027.The cooperation mainly focuses on three areas of development: first, creating a "proxy vault" with verifiable and reproducible AI and an intuitive user interface; second, utilizing Uniswap v4's Hooks feature to build a compliant liquidity pool public framework that incorporates anti-money laundering and counter-terrorism financing (AML/CFT) and investor protection mechanisms; third, developing asset management strategies covering digital assets such as stablecoins and real-world assets (RWA).The project is jointly led by SMBC Nikko Securities and Nethermind. SMBC Nikko Securities leads communication with regulatory agencies and provides compliance, risk modeling, and portfolio management expertise; Nethermind is responsible for technical design and development, including AI strategy and integration, smart contract security, as well as automated market making and Uniswap v4 Hooks strategies.

According to The Defiant, Kinetiq announced the termination of the kPoints reward mechanism, transitioning to a paid redemption model. Users holding points have 10 days to participate in the distribution of a total of 50 million tokens at a price of $0.26 per KNTQ.Based on this price, if the full allocation is distributed, this issuance could bring approximately $13 million in revenue to the project team. Meanwhile, the market price of KNTQ has dropped by 23%, as the token shares that could previously be obtained through point accumulation now require actual payment to acquire.

According to on-chain analyst Yu Jin's monitoring, a certain whale/institution recently liquidated its long-term investment in DeFi tokens, incurring a loss of 9.61 million dollars. Ten days ago, it liquidated 37.26 million CRV that it had held for 3 years, realizing a loss of 5.97 million dollars.Three hours ago, it transferred 4.01 million PENDLE that it had held for 1 year to OKX, with an unrealized loss of 3.64 million dollars.

TRON DeFi Summer announces the conclusion of S2, with S3 officially starting on October 4 at 08:00 (SGT), bringing a continuous 60-day Boosted APR incentive and a total prize pool of 2 million USD. The four major assets TRX, USDD, JST, and SUN will continue to participate.Users can enter JustLend DAO through Binance Wallet DeFi to explore on-chain yield opportunities. Users who have participated in S2 do not need to reapply; they can seamlessly participate in S3 and continue to qualify for rewards by maintaining their current holdings. Users who have not yet participated can prepare their assets in advance and join as soon as the event starts. More S3 gameplay will be announced soon, and the next chapter of the yield journey continues without interruption.

According to Crypto Briefing, Orca's Chief Legal Officer Christopher Montagano stated at the Korea Blockchain Week that the innovation exemption released by the SEC on September 17 provides the conditions to verify whether DeFi blockchain tracks are more efficient than traditional infrastructure.The exemption offers a conditional relief period of 5 years, until September 17, 2031; under this framework, tokenized securities venues and specific liquidity providers can operate tokenized U.S. stock licensed trading without registering as exchanges or brokers.Montagano stated that the exemption is specifically designed for AMM but does not constitute a ruling on DeFi; relevant parties must still comply with sanction rules and obtain issuer consent to distinguish it from unlicensed DeFi. Orca has been involved in discussions with the SEC since 2025 and began trading tokenized stocks in November of the same year.