# Сопутствующие статьи по теме DeFi

Новостной центр HTX предлагает последние статьи и углубленный анализ по "DeFi", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Annual Loss Rate Only 0.03%: Data Disassembles the Real Risk of DeFi Lending

DeFi lending's real-world annual loss rate from hacks and exploits is approximately 0.03% of the Total Value Locked (TVL), excluding cross-chain bridge incidents. This analysis, based on data from DeFi Llama, shows that while lending protocols are frequent targets due to their concentrated assets, the actual financial impact relative to the sector's massive scale is minimal. The overall DeFi hack total of $77.51B is heavily skewed by cross-chain bridge breaches. Removing those, losses drop to $45.18B, with lending and AMM protocols being the most affected non-bridge categories. Risk has significantly improved as the ecosystem has matured. For the year leading to May 2026, net losses in EVM and Solana lending protocols were $30.1 million against an average daily TVL of $99.6 billion, resulting in the 0.03% loss rate. Notably, the industry's asset recovery capability, exemplified by the full recovery and surplus from the Euler Finance hack, mitigates net losses, with a ~20% recovery rate for non-bridge lending incidents. Attack scale follows a log-normal distribution, meaning most incidents are small, and catastrophic losses are rare. This demonstrates that diversification across protocols is an effective risk mitigation strategy. The data indicates that DeFi lending has evolved into a measurable, compartmentalized, and relatively low-risk sector within the broader digital asset landscape.

marsbit05/18 07:46

Annual Loss Rate Only 0.03%: Data Disassembles the Real Risk of DeFi Lending

marsbit05/18 07:46

Monarq, Flare & Upshift Launch MXRPY XRP Yield Vault on Flare

Monarq Asset Management, Flare, and Upshift have launched the Monarq XRP Yield Vault (MXRPY), a managed multi-strategy yield product for XRP holders on the Flare network. Users can deposit FXRP (XRP's representation on Flare) into the vault, which allocates capital across three strategy categories: options trading, basis and funding rate arbitrage, and onchain XRPFi deployment. The vault targets an annual percentage yield (APY) of 3-4%, with yields dependent on market conditions and strategy performance. MXRPY aims to expand XRPFi offerings beyond basic lending and staking by combining onchain and offchain execution. Depositors receive MXRPY receipt tokens representing their capital and accrued yield, with weekly redemptions and a fee-based fast redemption option. The launch reflects growth in Flare's XRPFi ecosystem, with plans for a future standalone app for direct XRPL wallet connections. The vault is built on Upshift's institutional infrastructure and managed by Monarq. It utilizes four return engines, including using XRP as collateral for options strategies and deploying capital into Flare-native DeFi applications. The firms note that yields are variable and users remain exposed to market, counterparty, and smart contract risks.

TheNewsCrypto05/17 21:02

Monarq, Flare & Upshift Launch MXRPY XRP Yield Vault on Flare

TheNewsCrypto05/17 21:02

$10M Gone: Thorchain Exploit Triggers Security Fears Across DeFi

Blockchain tracker Arkham Intelligence has identified wallets linked to a THORChain exploit, holding approximately $3 million in Bitcoin and 216 ETH. On-chain investigator ZachXBT first reported the suspicious activity, estimating total losses now exceed $10 million. The attackers moved assets like USDT, USDC, and wrapped Bitcoin across multiple chains before converting to ETH. The cross-chain trading protocol was hit simultaneously on Bitcoin, Ethereum, BNB Chain, and Base. Security firm PeckShield confirmed the breach. Following the news, THORChain's native token RUNE dropped nearly 14%. The project's team had not issued a public statement at the time of reporting, increasing market anxiety. This incident highlights the recurring vulnerability of cross-chain infrastructure in DeFi, where complex code can create significant security risks. The stolen funds remain in the identified wallets for now.

bitcoinist05/17 07:32

$10M Gone: Thorchain Exploit Triggers Security Fears Across DeFi

bitcoinist05/17 07:32

Weekly Editor's Picks (0509-0515)

Weekly Editor's Picks (0509-0515): A Weekly Digest to Filter Noise This weekly digest curates deep analysis often lost in fast information flows. Key highlights: * **Macro:** A new "NACHO" (Not A Chance Hormuz Opens) trade emerges on Wall Street, betting on a prolonged closure of the Strait of Hormuz, shifting focus from political rhetoric to fundamental oil market data. * **Investment & Startups:** * Justin Sun discusses his long-term investment theses, highlighting future opportunities in embodied AI, drones, spatial computing, and space exploration. * Anthropic and OpenAI's crackdown on unauthorized stock transfers disrupts the pre-IPO token market, prompting a re-evaluation of its boundaries. * Bitwise analyzes massive capital inflows into new, compliant blockchains like Arc, Canton, and Tempo, tailored for stablecoins and asset tokenization. * A skeptical view questions HYPE's potential for further price appreciation, citing high fully diluted valuation, unlocking token supply, and unclear new buyer demographics. * **AI:** The "Semiconductor Century" report outlines the 2026 AI investment landscape, identifying key players (Nvidia, TSMC, ASML) and catalysts across the semiconductor supply chain, from design to manufacturing. * **Policy & Stablecoins:** The potential CLARITY Act is analyzed for its impact on DeFi. It could trigger massive institutional capital inflows and redirect stablecoin yields, benefiting structured, compliant DeFi protocols like Pendle, Morpho, and Centrifuge. * **CeFi & DeFi:** New tokens like sato and FLOOD, built on Uniswap v4's "Hook" mechanism, are gaining traction. Meanwhile, following the Kelp DAO exploit, Chainlink's CCIP is gaining market share from LayerZero in the cross-chain sector. * **Ethereum:** Grayscale suggests Ethereum's staking reward model needs reform to address issues like reduced fee burns from L2s and potentially excessive ETH lock-up, proposing a reward curve with a cap to benefit ETH's long-term value. * **Weekly Recap:** Summarizes key events including Trump's China visit, new Fed leadership, CLARITY Act progress, notable price movements (ZEC, TON), strong corporate earnings (Circle, Gemini), and institutional Bitcoin accumulation.

marsbit05/16 02:40

Institutional Shift? Jane Street Turns Toward Ethereum After Reducing Bitcoin ETF Exposure

Institutional investors are increasingly shifting focus from Bitcoin to Ethereum, with Jane Street notably reducing its Bitcoin ETF exposure while increasing its stake in ETH. This reflects a broader trend of institutions viewing Ethereum not just as an altcoin but as a distinct macro asset, driven by its growing role in DeFi and tokenization. Concurrently, Ethereum's network recorded its highest realized profits in three weeks, with $74.58 million in profits despite a recent price dip, as earlier accumulators sold into the downturn. On-chain data shows increased transaction volume and distribution activity at around $2,241, suggesting cautious investor sentiment. Analysts advise monitoring for deeper realized losses as a potential bottoming signal before considering aggressive positions.

bitcoinist05/16 02:01

Institutional Shift? Jane Street Turns Toward Ethereum After Reducing Bitcoin ETF Exposure

bitcoinist05/16 02:01

Community is Dead, Long Live Community

The author reflects on the transformative and often painful evolution of crypto communities. They nostalgically recall the early days of Web3, where genuine bonds formed around shared beliefs in projects like DeFi and NFTs, leading to deep friendships and passionate collaboration. However, the essay argues this authentic "community" is now largely dead. It has been corrupted by a culture of extraction, where most participants in modern Discord servers are motivated solely by financial gain—grinding for points, chasing airdrops, and immediately selling tokens. This dynamic creates a facade of engagement that vanishes after a token launch, often replaced by hostility. The author uses their project, Across Protocol, as a case study, announcing the shutdown of its Discord server because it no longer represents a true community but a toxic space dominated by mercenary actors. The piece concludes with a bittersweet farewell to the old era and a determined call to continue building with the few remaining genuine believers. The title's paradox, "Community is dead. Long live community," mourns the loss of the original ideal while expressing hope for its future revival.

链捕手05/15 11:54

链捕手05/15 11:54

Pump.fun with Built-in Leverage? A Deep Dive into Hyperliquid's New Project alt.fun

"Hyperliquid's 'Pump.fun'? Decoding alt.fun, a New Project with Built-in Leverage" alt.fun is a new dApp launchpad on HyperEVM, described as Hyperliquid's version of "Pump.fun." It allows anyone to permissionlessly launch meme/altcoins backed by leveraged perpetual contracts (perp-backed altcoins). Instead of a standard bonding curve with spot reserves, each token is directly tied to a leveraged token (LT) representing a Hyperliquid perp position. The token price is driven by both trading activity and the underlying perp's leveraged P&L. Key mechanics: Creators choose an underlying asset (HYPE, BTC, ETH, etc.), direction (long/short), and leverage (2x, 5x). All tokens launch with a fixed $4000 market cap. The bonding curve uses BounceTech's LTs as reserve assets. A "graduation" mechanism automatically migrates tokens to HyperSwap AMM once a USD threshold is met or the curve sells out, with LPs permanently locked. The platform token is $ALT. The project saw over $1M volume in its first hour and brought 300+ new users to HyperEVM. The whitepaper highlights significant risks: leverage exposure (LTs can go to zero), volatility decay for high leverage in sideways markets, and reliance on Hyperliquid/BounceTech infrastructure. It represents an innovative fusion of meme coin virality and real leveraged financial exposure, positioned as an "altcoin factory" and potential traffic gateway for the HyperEVM ecosystem.

marsbit05/15 09:00

Pump.fun with Built-in Leverage? A Deep Dive into Hyperliquid's New Project alt.fun

marsbit05/15 09:00

Behind USDH's Acquisition by Coinbase: Hyperliquid's Interest-Driven Choice

Coinbase announces its integration with Hyperliquid, becoming the official USDC treasury deployer on the platform. The native stablecoin USDH, issued by Native Markets, will be gradually phased out as Coinbase acquires its brand assets. Users can convert USDH to USDC or fiat without fees during the transition. The move solidifies USDC as Hyperliquid's official stablecoin and pricing asset. The arrangement is framed as a three-way win: Coinbase deepens its ties to the Hyperliquid ecosystem; Hyperliquid gains the vast majority of future USDC reserve yield revenue (estimated at up to 90%); and Native Markets exits with compensation from the asset sale. However, some community members criticize the outcome, viewing USDH's shutdown as a retreat from decentralization and arguing that the original governance vote favored internal interests over users. The partnership also sees Circle and Coinbase staking HYPE tokens to support the network's AQAv2 upgrade. Ultimately, the article suggests the resolution underscores pragmatic economic interests over earlier community-centric rhetoric.

marsbit05/15 06:52

Behind USDH's Acquisition by Coinbase: Hyperliquid's Interest-Driven Choice

marsbit05/15 06:52

Behind the Coinbase Acquisition of USDH: Hyperliquid’s Interest-Driven Choice

The article discusses the transition of the Hyperliquid ecosystem's native stablecoin, USDH, following its acquisition by Coinbase. Last September, USDH, issued by Native Markets, was a focal point in the ecosystem. Recently, Coinbase announced it will become the official USDC treasury deployer on Hyperliquid. Native Markets granted Coinbase the rights to purchase the USDH brand assets, leading to the gradual phase-out of USDH. Users can convert USDH to USDC or fiat without fees during this period. USDC is now Hyperliquid's official stablecoin. The move is framed as a three-way win: * **Coinbase & Circle:** Deepen ties with Hyperliquid's on-chain economy. Both companies are staking HYPE tokens. Circle had already invested in HYPE previously. * **Hyperliquid:** Becomes the primary beneficiary, set to receive the vast majority (estimated ~90%) of the reserve yield income from the ~$5.16 billion in USDC on its platform. This could translate to significant daily HYPE buybacks. The alliance with Coinbase may also offer regulatory advantages in the US. * **Native Markets:** While exiting the stablecoin business, the team reportedly received economic compensation from Coinbase for the USDH brand assets, framing it as a successful conclusion to USDH's role. However, the article notes criticism from some Hyperliquid community members. They view the shift as a step back for decentralization and argue that the original USDH issuer vote was driven by internal interests rather than user benefit, leaving regular users with nothing. The conclusion reflects that the eventual partnership between Hyperliquid and the giants (Coinbase/Circle) underscores a reality of利益分配 (interest distribution) over initial ideals of community and ecosystem advocacy.

Odaily星球日报05/15 06:48

Behind the Coinbase Acquisition of USDH: Hyperliquid’s Interest-Driven Choice

Odaily星球日报05/15 06:48

Hyperliquid (HYPE) Surges 14% As Coinbase And Circle Expand USDC Integration

Coinbase is expanding its integration of Circle's USDC stablecoin on the Hyperliquid protocol. It will become the official treasury deployer for USDC, treating it as the primary Aligned Quote Asset, while the network's USDH token will be phased out. Circle will handle technical infrastructure. As part of the transition, both companies will stake HYPE tokens, and Coinbase gains rights to acquire USDH brand assets. Coinbase emphasized a smooth migration, with users able to redeem USDH for USDC or fiat without fees for months. The Hyper Foundation will distribute grants to affected deployers and builders. Separately, Circle confirmed USDC will become the main collateral on Hyperliquid and plans to stake 500,000 HYPE tokens. Following this news and a positive regulatory development for the CLARITY Act, the price of Hyperliquid's native HYPE token surged 14% to around $44.50.

bitcoinist05/15 02:01

Hyperliquid (HYPE) Surges 14% As Coinbase And Circle Expand USDC Integration