defi

The decentralized exchange Orca based on Solana has announced a merger with the lending platform Loopscale, with the new entity named Formation. After the merger, the team will be led by Loopscale co-founder Luke Truitt as CEO. Formation plans to combine Orca's trading infrastructure with Loopscale's lending and investment vaults to provide a one-stop path for emerging assets from issuance, financing to trading.The company aims to extend from crypto trading and lending into capital-intensive fields such as AI, energy, robotics, and defense. Truitt stated that the pace at which the frontier economy creates new business models and financing demands is faster than the evolution of traditional market infrastructure. Formation claims that traditional financing is too costly for smaller-scale transactions and plans to reduce costs and eventually connect to regulated U.S. capital markets. In the coming year, Formation will launch tools and new investment strategies aimed at asset issuers and has already partnered with Figure, Shinhan Asset Management, Superstate, R3, and Securitize to promote asset tokenization and distribution.Christopher Montagano from Orca will serve as Formation's Chief Strategy and Legal Officer, stating that mere liquidity is not enough to scale assets. Both parties confirmed that the existing agreements will still form the basis for the ORCA and xORCA token networks, and the financial terms of the merger have not been disclosed.

Lido announced the launch of the lending protocol Lido Lend, which is built on a modified fork of Morpho Blue and is planned to go live in the fourth quarter of 2026. Lido stated that the platform is aimed at long-term passive investors, with the goal of enhancing returns while controlling risks. Lido is a decentralized liquid staking protocol on Ethereum that issues stETH.Lido Lend has three core designs: first, an isolated market structure where each lending market operates independently, so issues in a single market do not affect others; second, a deposit screening mechanism to prevent bad collateral and funds that have been hacked from entering the system; third, a reliable lender exit mechanism, allowing lenders to smoothly redeem their funds even when the market reaches full utilization.The market will focus on low-volatility blue-chip asset trading pairs, such as stETH/ETH. The protocol is intended to be governed by Lido DAO, but the relevant governance arrangements have not yet been finalized and will await future DAO votes. Morpho Blue was launched in 2024, supporting users in creating isolated markets with specific collateral and lending parameters through a simple, immutable framework.

According to PRNewswire, the publicly traded company Universal Safety Products (UUU) announced that it will be renamed DeFi Capital Markets on October 19 and will trade under the new ticker "DCM." In the future, it will gradually cease its original product business and focus on asset tokenization, digital assets, market making, as well as quantitative trading and blockchain financial markets.

Moody's has assigned a B3 rating to the decentralized finance protocol Sky, with a stable outlook. This rating places Sky in Moody's speculative grade category.Moody's noted that Sky's capital buffer is relatively weak, with equity capital of approximately 90 million dollars, while the assets under management are about 10 billion dollars.

Tether announced the signing of a Memorandum of Understanding (MoU) with the National Bank of Kazakhstan (NBK) and the Almaty City Administration (ACA), where the three parties will explore cooperation opportunities in areas such as stablecoin applications, asset tokenization, and decentralized finance.

On October 6, TRON DeFi Summer S3 is ongoing, and TRX holders are welcomed with a new round of on-chain earning opportunities. Users can enter JustLend DAO through Binance Wallet DeFi to participate in the $1 million TRX Boost reward pool.From TRX to sTRX, users can earn basic rewards by staking TRX, and also stack additional Boost incentives from the S3 event. By simply depositing 500+ TRX through Binance Wallet, users can explore more DeFi gameplay. This S3 total reward pool is $2 million and will last for 60 days. The real-time APR may vary with market changes; please refer to the activity page for the latest information.

Financial technology startup Navra announced the completion of a $19 million Series A financing round, led by Ribbit Capital, with participation from Baseline, DCM, and others, while Jump Crypto and Figure Technology Solutions acted as strategic investors.Navra primarily connects multiple blockchain venues through a single interface, directly linking DeFi yield protocols and cash channels, providing keyless self-custody services that meet qualified custody requirements, and includes an AI agent; the institutional version also supports enterprise team management and full audit tracking.

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.