S&P Global Gives Sky Protocol ‘B-’ Credit Rating in DeFi First
S&P Global Ratings has, for the first time, assigned a formal credit rating to a decentralised finance (DeFi) platform. Sky Protocol, formerly known as Maker Protocol, has been given a “B-” issuer credit rating, marking a significant moment in the integration of blockchain-based financial services into traditional credit analysis. The
How Chain-Owned Liquidity Can Fix DeFi’s Liquidity Crisis
Decentralised Finance (DeFi) began with an ambitious goal to democratise access to financial services, remove the need for middlemen, and offer a transparent alternative to traditional finance (TradFi). More than ten years since its early rise, DeFi has certainly come a long way in terms of innovation. From automated market
Plume Network Rises Fast in RWA Boom
Plume Network, a new blockchain project built for real-world assets (RWAs), has skyrocketed in recent weeks, reaching over $110 million in total value locked (TVL). That’s a massive 200% increase in just one month, according to DefiLlama. Backed by the US-based Plume Foundation, the project is part of a larger
Polygon Labs Launches Katana: A Bold DeFi-Focused Blockchain Experiment
Polygon Labs, in partnership with crypto trading firm GSR, has officially launched Katana, a new Ethereum-based Layer 2 blockchain built specifically to tackle long-standing inefficiencies in decentralised finance (DeFi). With over $200 million in deposits even before its launch, Katana is setting out to reshape DeFi’s liquidity dynamics and economic
Resupply Suffers $9.3M Exploit, Exposing DeFi Security Flaws
Stablecoin lending protocol Resupply has suffered a major exploit, losing approximately $9.3 million in what appears to be a targeted attack exploiting a critical bug in its codebase. The incident, which occurred over the weekend, was confirmed by the Resupply team and has sparked fresh concerns over the security standards
