DeFi Resources

In this report, we examine the impact of USDC’s largest depegging event in its history on DeFi markets.

Since the beginning of FTX’s collapse the week of November 7th, industry contagion has been ongoing and far-reaching.

Decentralization is one of the most compelling narratives driving crypto adoption today. It is core to the value proposition of protocols like Bitcoin and Ethereum, as well as the applications that are built on top of them.

Commonly referred to as the “internet of blockchains,” Cosmos is an ecosystem composed of the Cosmos SDK toolkit and IBC, a cross-chain messaging protocol.

There has been growing interest in owning/holding native ETH on the Ethereum mainnet in anticipation of an ETH PoW fork.

Stablecoins are digital representations of other assets for use on blockchains and in the crypto economy. While stablecoins may also be designed to track the price of other underlying assets such as gold and other exchange-traded commodities …

There has been an interesting symbiosis between NFTs and DeFi that has birthed some novel applications. As NFTs start to bring more users into the world of DeFi through these novel applications, we take note of some major protocols and ongoing challenges.

In this report, Will Nuelle of Galaxy Digital’s Principal Investing team identifies the emerging risk-free rate in DeFi and discusses factors contributing to its variance, including the basis trade.