DeFi

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decentralized, non-custodial delegated staking protocol built on the Ethereum blockchain

🔔 Weekly industry update

🛡️ OpenCover
🔹 We launched 3 Comprehensive Covers with @nexusmutual—Entry, Essential, and Elite.
🔹 OpenCover is now listed on the @coinbase cbBTC ecosystem page.

🌀 Protocols
🔹 @euler started the year with $200m in TVL and a proposal to go multichain.
🔹 @superform reached $69m in TVL.
🔹 @etherfi-app's TVL went from 45k ETH to 2.5m+ ETH in 2024 (+6,159.3%).
🔹 f(x) Protocol launched V2, allowing users to leverage ETH, BTC, and other blue chips without funding or interest rates.
🔹 Aave is now the largest DeFi protocol, with $35b in net deposits.