Evolving beyond a staking protocol, the project is transforming into a full-fledged fintech platform, featuring its own credit cards and a variety of DeFi integrations for its users.

Synthetix's main stablecoin, sUSD, has been trading significantly below its $1 peg for over a month after the implementation of the SIP-420 protocol upgrade. In an act of manual intervention within a decentralized system, the project’s founder has urged users to take action and help restore the peg

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.