The project aims to disrupt the reinsurance industry by bringing reinsurance contracts on-chain and making them accessible to a broad range of Web3 investors.

The project’s team introduces a fundamentally new approach to decentralized trading and liquidity provision, addressing inefficiencies in existing protocols.

Berachain has extended its Proof-of-Liquidity system to include third-party decentralized applications, which can now apply for emissions. At present, all approved vaults are tied to decentralized exchange liquidity pools, though additional use cases are anticipated in the near future.

With over $5.5 billion in Total Value Locked, the project currently ranks among the top nine protocols in the entire DeFi space.

With Solana’s staking market booming, centralized exchanges like Binance and Coinbase are reaping the rewards, leveraging their position to maximize staking and trading revenues.

The platform enables users to lock their Bitcoin, gain validation rights on PoS chains, and earn yield in return.

Penpie is currently on hold and seeking negotiations with the hacker to recover the stolen funds. Pendle continues to operate as usual.

The initiative marks a year of building Lido's community by engaging new users, developing educational materials, supporting node operators, and coordinating upgrades such as the Simple DVT, a technology poised to bolster security and decentralization in Ethereum staking.