Latest news with #Morpho
Yahoo
3 days ago
- Business
- Yahoo
Katana Foundation launches a private DeFi blockchain
The Katana Foundation has introduced a new private blockchain that enhances the decentralized finance (DeFi) user experience by providing greater liquidity and higher user yields. The Katana mainnet, the private version, is now live, with a public launch expected in June. Katana, under the support of Polygon Labs and GSR Markets, combines several decentralized finance solutions to guide users in earning more with their digital assets and mitigating one of the most substantial challenges in capital markets: fragmented liquidity. This is important because fragmented liquidity often leaves users vulnerable to price slippage, which can impact overall returns, particularly for institutional users. By bringing together liquidity from multiple DeFi protocols, such as lending protocol Morpho, decentralized exchange Sushi, or perpetual DEX Vertex, Katana will provide users with access to trade blue-chip assets with greater liquidity and efficiency. Katana is leveraging Chainlink oracles and Conduit's sequencing tools for accurate asset price maintenance. Katana has a tool known as VaultBridge, which converts the user's assets into Ethereum lending positions to generate interest that is transferred back and compounded on Katana's platform. Another aspect of Katana's model is using a portion of network fees and some app revenues, rather than short-term rewards, to help reinforce the ecosystem. These elements work to build a sustainable and reliable investment strategy that protects users in down markets. "Katana turns inefficiencies into advantages," Marc Boiron, CEO of Polygon Labs, stated. He is confident that Katana now provides both developers and users in the DeFi world with a more consistent and productive ecosystem. Katana Foundation launches a private DeFi blockchain first appeared on TheStreet on May 28, 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Polygon Labs and market maker GSR launch DeFi-focused blockchain
Polygon Labs became a darling of the 2021 and 2022 crypto boom when it partnered with corporate stalwarts like Starbucks and Meta on various blockchain projects. But, as those brand-name companies quietly dropped their experiments amid the ensuing 'Crypto Winter,' Polygon Labs searched for other ways to popularize its network. On Wednesday, the company, along with the crypto market making firm GSR, announced the launch of the newest blockchain it's helped incubate: Katana. Instead of catering towards corporate clients, Katana is aimed at 'degens'—crypto slang for traders with a high appetite for risk who often use DeFi, or decentralized finance, platforms. Those platforms offer decentralized versions of traditional banking services like lending and borrowing. Rather than borrowing money from JPMorgan Chase, for example, DeFi users borrow from a decentralized pool of funds fronted by other crypto traders. Katana is the latest sign from Polygon Labs, founded in 2017 and one of the marquee companies of the last crypto cycle, that the firm is more explicitly focusing on crypto traders rather than brand names. Polygon's tie-ups with Meta, which focused on NFTs, and Starbucks, which built out a blockchain-based loyalty program, attracted widespread acclaim from the crypto industry in 2022. But, in 2023 and 2024, the two Fortune 500 companies abandoned their experiments with the blockchain company, respectively. Since then, Polygon Labs has built out its DeFi team, and Marc Boiron, the CEO of the company, has even branded himself 'the degen CEO' on X. 'The key is: What are people actually doing on chain, rather than what looks good because it's a big name?' Boiron told Fortune. And what users are doing 'on chain,' or on blockchains, are trading, lending, and borrowing. To that end, Katana has brought on Morpho, a decentralized borrowing and lending protocol; Sushi, which lets users swap and buy cryptocurrencies; and Vertex, an application for trading crypto futures, or bets on the upcoming prices of cryptocurrencies. Boiron said that Katana's biggest differentiator is how it prioritizes its core DeFi applications over competitors. On other blockchains, user funds may be split, for example, across several competing lending and borrowing applications. When funds are divided, users face markets where prices rise or fall abruptly in a matter of seconds. Katana, a layer-2 blockchain on Ethereum, aims to combat this through incentivizing only a handful of DeFi applications in its ecosystem. To do this, the blockchain will distribute fees generated from users on the protocol back to the users of its preferred DeFi applications—among other incentives. The blockchain is currently open to select users and will go public in late June. This story was originally featured on
Yahoo
3 days ago
- Business
- Yahoo
Polygon, GSR Release Katana Network Tackle DeFi Fragmentation
Katana, a new decentralized finance (DeFi)-focused blockchain incubated by industry heavyweights Polygon and GSR, shared on Wednesday that its private mainnet has gone live. The new layer-2 blockchain will unify 'all liquidity in a set of protocols and collect yield from all potential sources," the team shared in a press release sent to CoinDesk. Katana's goal is "to power a self-sustaining DeFi engine for long-term growth,' it said. Marc Boiron, the CEO of Polygon Labs, told CoinDesk that Katana emerged to address DeFi fragmentation, where digital assets are distributed across various apps and ecosystems, making certain types of investing cumbersome. Katana was built using AggLayer — Polygon's platform for building interoperable blockchains. 'One of the things that we want is a super deep liquidity hub on the AggLayer, so that every chain can tap into that,' Boiron said. 'When you look across everything in crypto, what you realize is that there's actually no chain that's built very well for actually having deep liquidity.' Katana aims to improve blockchain liquidity — including lending, trading, and yield bearing strategies — by integrating with popular apps like Sushi, a major decentralized exchange, and Morpho, a popular decentralized lending ecosystem. Polygon Labs, the team behind the layer-2 network, helped design the chain, while GSR, the crypto market-maker, advised on the user experience and is lending liquidity to help get the platform off the ground. 'We are providing the on-chain liquidity — or 'grease' — to make sure that people can actually use the chain on day one,' said Jakob Palmstierna, President at GSR. Currently, Katana is open to a limited group of users. It includes a pre-deposit phase that allows users to park their ETH, USDC, USDT, and WBTC for a chance to win KAT tokens, the network's new governance and utility token. Though activity is limited at this private stage, early deposits are being incentivized through a lootbox-style reward system. Katana's public mainnet is expected to arrive at the end of in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-04-2025
- Business
- Yahoo
Tokenized Apollo Credit Fund Makes DeFi Debut With Levered-Yield Strategy by Securitize, Gauntlet
DUBAI, UAE — Tokenization firm Securitize and decentralized finance (DeFi) specialist Gauntlet are planning to bring a tokenized version of Apollo's credit fund to DeFi, a notable step in embedding real-world assets into the crypto ecosystem. The two firms are unveiling Wednesday a leveraged-yield strategy offering centered on the Apollo Diversified Credit Securitize Fund (ACRED), a tokenized feeder fund that debuted in January and invests in Apollo's $1 billion Diversified Credit Fund. The strategy will run on Compound Blue, a lending protocol powered by Morpho, The offering, called Levered RWA Strategy, will be first available on Polygon (POL). It is expected to expand to the Ethereum mainnet and other blockchains after a pilot phase. "The idea behind the product is we want our securities to be plug and play competitive with stablecoin strategies writ large," Reid Simon, head of DeFi and credit solutions at Securitize, said in an interview with CoinDesk. The introduction comes as tokenized RWAs — funds, bonds, credit products — gain traction among traditional finance giants. BlackRock, HSBC, and Franklin Templeton are among the firms exploring blockchain-based asset issuance and settlement. Tokenized U.S. Treasuries alone have pulled in over $6 billion, according to data from While institutions are experimenting with tokenization, the next challenge is making these assets usable across DeFi applications. That includes enabling their use as collateral for loans, margin trading or building investment strategies not possible on legacy rails. The strategy employs a DeFi-native yield-optimization technique called "looping", in which ACRED tokens deposited into a vault are used as collateral to borrow USDC, which is then used to purchase more ACRED. The process repeats recursively to enhance yield, with exposure adjusted dynamically based on real-time borrowing and lending rates. All trades are automated using smart contracts, reducing the need for manual oversight. Risk is actively managed by Gauntlet's risk engine, which monitors leverage ratios and can unwind positions in volatile market conditions to protect users. "This is expected to deliver the institutional-grade DeFi that our industry has promised for years," Morpho CEO and cofounder Paul Frambot said. "This use case uniquely demonstrates how DeFi enables investors in funds like ACRED to access financial composability that is simply not possible on traditional rails.' The vault is also one of the first uses of Securitize's new sToken tool, which allows accredited token holders to maintain compliance and investor protections within decentralized networks. In this case, ACRED investors first mint sACRED that they can use for broader DeFi strategies without breaking regulatory rules. "This is a strong example of the institutional-grade DeFi we've been working to build: making tokenized securities not only accessible, but compelling to crypto-native investors seeking strategies that objectively outpace their traditional counterparts,' Securitize CEO Carlos Domingo said in a statement.
Yahoo
29-04-2025
- Business
- Yahoo
Trust Wallet Launches ‘Stablecoin Earn' to Boost Crypto Earning Opportunities
DUBAI, UAE — April 28, 2025 — Trust Wallet, the world's leading self-custody Web3 wallet trusted by over 200 million users, has launched Stablecoin Earn, a new feature that lets users deposit stablecoins and earn seamlessly with full flexibility. By integrating secure and automated onchain strategies, Trust Wallet makes earning passive rewards seamless, flexible, and fully non-custodial—all within the app. With no lock-up periods and support for stablecoins like USDC, USDT, DAI, and USDA across multiple blockchains—including Ethereum, BNB Chain, Base, and Arbitrum - Stablecoin Earn offers a simple way to put your stablecoins to work while maintaining full control over assets. 'Last September, we observed that billions in USDT held by Trust Wallet users on-chain remained inactive for six months despite somewhat bullish market conditions. For our 'holder-ish' users, our goal is to help them put their assets to work, while also activating valuable liquidity to support on-chain projects," said Eowyn Chen, CEO of Trust Wallet. "By integrating secure on-chain strategy platforms through a user-friendly interface, we aim to empower users to easily earn rewards while maintaining full control of their funds.' Stablecoin Earn offers a seamless way to earn on your stablecoins—directly from your wallet, with full control at every step. By tapping into established onchain protocols, the feature simplifies the earning experience without requiring users to manage complex DeFi setups. Just deposit and start earning rewards—all while keeping your assets self-custodied and accessible. With Stablecoin Earn, users can: Earn passively on stablecoins—no active trading required Deposit and withdraw anytime—no lock-ups Access multiple DeFi protocols in one place Earn across Ethereum, BNB Chain, Arbitrum, and Base Receive bonus rewards (e.g., MORPHO tokens) in select vaults Stay in full control 100% of the time—Trust Wallet is fully non-custodial Enjoy transparent, onchain yield strategies—no intermediaries Everything happens onchain, transparently, and without intermediaries—giving users confidence in how their stablecoins are earning yield To deliver a simple and rewarding experience, Trust Wallet integrates Kiln to power Stablecoin Earn's backend, providing access to leading DeFi infrastructure providers like Morpho for its users. Users have the opportunity to earn exclusive bonus rewards powered by Morpho, the go-to infrastructure for lending and borrowing onchain. These additional earning opportunities include MORPHO token incentives for participating in select vaults. 'We're excited to see Morpho selected as the default earn option in Trust Wallet's new Earn Hub at launch, helping make DeFi yields accessible to the masses. Morpho was designed to provide self-custody solutions like Trust Wallet with a simple yet highly secure way for their users to earn the best risk-adjusted returns.' said Paul Frambot CEO and Co-Founder of Morpho Labs. Kiln, a leading digital asset rewards management platform enabling businesses to earn rewards or to whitelabel earning functionality into their products, enables secure and automated access to multiple onchain yield strategies in Trust Wallet's Stablecoin Earn feature - abstracting complexity so users can earn effortlessly. 'We are pleased to bring access to stablecoin yield to Trust Wallet, a longtime partner of Kiln with a history that includes our earlier projects such as Kiln Onchain, Connect, and Validators. As DeFi becomes more widespread and stablecoin yield reached double digits during the bull market, many users have recognized that stablecoins offer notable advantages. With Trust Wallet's feature now live, our goal is to provide a solid experience for its users and continue refining the product.' said Laszlo Szabo, Co-founder and CEO of Kiln. To get started with Stablecoin Earn, download Trust Wallet today. *Note: Until further notice this feature will not be available in the UK or U.S. This communication is intended solely for audiences outside the United Kingdom. If you are accessing this content from within the United Kingdom, please exit immediately. — About Trust Wallet Trust Wallet is the secure, self-custody Web3 wallet and gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, as well as buy, sell, and stake crypto to earn rewards — all in one place and without limits. For media enquiries, contact:press@ About Kiln Kiln is the leading digital asset rewards management platform, enabling businesses to earn rewards on their digital assets, or to whitelabel earning functionality into their products. Our platform is API-first and enables fully automated validators, rewards, and data and commission management. With over $11 billion crypto assets being programmatically staked, Kiln has a particularly strong track record on Ethereum as we run about 5% of the network; this includes 50,000+ active validators with 0 slashing events. About Morpho Morpho is the second-largest lending protocol on Ethereum and largest on Base, by total deposits. Morpho is a permissionless platform that operates on two levels. First, it offers tailored solutions that allow users to earn yields and borrow on their own terms. Second, it provides flexible infrastructure that enables businesses to build custom applications, such as Coinbase's crypto-backed loans product. Sign in to access your portfolio
