DeFi’s downturn deepens, but protocols with revenue and fee sharing could thrive
It’s too early to know if DeFi is “dead,” but platforms that share revenue with liquidity providers and token holders could be the ones that survive the bear market. At the moment, liquidity is hard to come by, but crypto traders and protocols still need inflow and revenue to remain functional.As the crypto winter drags on, savvy crypto investors have realized that one of the reliable sources of passive income that still exists can be found on protocols that generate revenue and share some of it with their respective communities. Platforms that earn real yield through useage fees are the....
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The majority of the top 100 DeFi tokens traded in green, with many registering double-digit gains over the past week. Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights — a newsletter crafted to bring you some of the major developments over the last week.This past week, the DeFi ecosystem saw several new developments related to the DeFi lending crisis as Celsius filed for bankruptcy. At a time when bears are more dominant in the current market, DeFi protocols with a revenue system can thrive.Lido Finance has announced plans to offer its Ether (ETH)....
As things stand, only the most liquid, hyperconnected protocols will be able to thrive on Ethereum. That's why many protocols are heading to the "suburbs."
New addition to the Bitcoin ecosystem Supload will see users paid to host images and gifs in a new form of content creation platform. Bitcoin Solution To Content Revenue Sharing. Supload, a two-man operation which received a modest launch last month, aims to be “a tool for people around the world to be able to share in the revenue that their content is responsible for creating.” In its first blog post in November, the project’s creators immediately highlighted Bitcoin as the backbone of the payments mechanism. It will be used to pay users 50% of revenue their content generates. “The....
Bitcoin miners have had a tough month, with revenue and profitability tanking in May. Hash rates remain high, however. Bitcoin mining revenue and profitability have continued to slide along with the asset's price this year as the crypto winter deepens.May has been one of the worst months for Bitcoin miners in the past year as revenue and profitability continue to tank. Bitcoin daily mining revenue tanked as much as 27% in May, according to data from Ycharts sourcing data from Blockchain.com.On May 1, the analytics provider reported daily revenue of $40.57 million for BTC miners, but by the....
According to a recent report by Bloomberg, Ledger, a prominent hardware wallet manufacturer catering to crypto investors, has announced a 12% reduction in its workforce as part of a strategic effort to navigate an extended industry downturn. The decision comes in response to macroeconomic challenges that have hindered revenue generation, prompting the company to prioritize […]