{"id":476917,"date":"2022-07-22T23:20:00","date_gmt":"2022-07-22T20:20:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/finance-redefined-defis-downturn-deepens-but-protocols-with-revenue-could-thrive\/"},"modified":"2022-07-22T23:20:00","modified_gmt":"2022-07-22T20:20:00","slug":"finance-redefined-defis-downturn-deepens-but-protocols-with-revenue-could-thrive","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/finance-redefined-defis-downturn-deepens-but-protocols-with-revenue-could-thrive\/","title":{"rendered":"# Finance Redefined: DeFi\u2019s downturn deepens, but protocols with revenue could thrive"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3584afe90b0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3584afe90b0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-defis-downturn-deepens-but-protocols-with-revenue-could-thrive\/#%E2%80%9D_Finance_Redefined_DeFis_downturn_deepens_but_protocols_with_revenue_could_thrive_%E2%80%9C\" >&#8221; Finance Redefined: DeFi\u2019s downturn deepens, but protocols with revenue could thrive  &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-defis-downturn-deepens-but-protocols-with-revenue-could-thrive\/#DeFi_downturn_deepens_but_protocols_with_revenue_and_fee_sharing_could_thrive\" >DeFi downturn deepens, but protocols with revenue and fee sharing could thrive<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-defis-downturn-deepens-but-protocols-with-revenue-could-thrive\/#Ethereum_staking_service_Lido_announces_layer-2_expansion\" >Ethereum staking service Lido announces layer-2 expansion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-defis-downturn-deepens-but-protocols-with-revenue-could-thrive\/#Aave_taps_Pocket_Network_to_beef_up_decentralized_app_development\" >Aave taps Pocket Network to beef up decentralized app development<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-defis-downturn-deepens-but-protocols-with-revenue-could-thrive\/#Gamers_plug_into_DeFi_through_the_new_Razer_rewards_partnership\" >Gamers plug into DeFi through the new Razer rewards partnership<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/finance-redefined-defis-downturn-deepens-but-protocols-with-revenue-could-thrive\/#DeFi_market_overview\" >DeFi market overview<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Finance_Redefined_DeFis_downturn_deepens_but_protocols_with_revenue_could_thrive_%E2%80%9C\"><\/span>&#8221; Finance Redefined: DeFi\u2019s downturn deepens, but protocols with revenue could thrive  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights \u2014 a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter crafted to bring you some of the major developments over the last week.<\/p>\n<p>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.<\/p>\n<p>Lido Finance has announced plans to offer its Ether (ETH) staking services across the entire L2 system. Aave plans to leverage Pocket\u2019s distributed network of 44,000 nodes to access on-chain data from various blockchains, and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>rs are plugging in DeFi through the Razer reward partnership.<\/p>\n<p>The majority of the top 100 DeFi tokens traded in green, with many registering double-digit gains over the past week.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_downturn_deepens_but_protocols_with_revenue_and_fee_sharing_could_thrive\"><\/span>DeFi downturn deepens, but protocols with revenue and fee sharing could thrive<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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 in protocols that generate revenue and share some of it with their respective communities.<\/p>\n<p>Data from Token Terminal shows revenue positive platforms are primarily the nonfungible token (NFT) marketplaces like LooksRare and OpenSea.<\/p>\n<p>Continue reading<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_staking_service_Lido_announces_layer-2_expansion\"><\/span>Ethereum staking service Lido announces layer-2 expansion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a Monday blog post, the Lido team noted that it would initially begin by supporting Ether staking via bridges to L2s using wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed stETH (wstETH). Moving forward, it will eventually enable users to stake directly on the L2s \u201cwithout the need to bridge their assets back\u201d to the Ethereum mainnet.<\/p>\n<p>In terms of partnered L2s, the team stated that before the announcement, it had already integrated its bridged staking services with Argent and Aztec. It added that the next collection of partnerships and integrations would be unveiled over the next few weeks.<\/p>\n<p>Continue reading<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Aave_taps_Pocket_Network_to_beef_up_decentralized_app_development\"><\/span>Aave taps Pocket Network to beef up decentralized app development<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aave, an open source DeFi protocol, is teaming up with decentralized Web3 infrastructure provider Pocket Network to offer developers increased scalability and ease of use when building decentralized applications (DApps) on the Aave Protocol.<\/p>\n<p>According to the statement on Tuesday, Aave will use Pocket\u2019s distributed network of more than 44,000 nodes to access on-chain data from various blockchains to power decentralized applications. Developers building Aave-powered DApps may now access blockchain data from Pocket Network on demand following the new integration. <\/p>\n<p>Continue reading<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Gamers_plug_into_DeFi_through_the_new_Razer_rewards_partnership\"><\/span>Gamers plug into DeFi through the new Razer rewards partnership<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Gamers and customers of IT and gaming hardware firm Razer are set to plug into the world of DeFi through a new rewards swap program in partnership with Cake DeFi.<\/p>\n<p>Razer remains a household favorite brand for gamers around the world, with its Razer Gold rewards program allowing gamers to earn and redeem Razer Silver points for a variety of hardware and digital rewards, including Steam games and discount vouchers.<\/p>\n<p>Continue reading<\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_market_overview\"><\/span>DeFi market overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analytical data reveals that DeFi\u2019s total value locked registered a near $5 billion rise from the past week, posting a value of $58.65 billion. Data from Cointelegraph Markets Pro and TradingView shows that DeFi\u2019s top-100 tokens by market capitalization had a mixed week, with several tokens trading in red while a few others registered even double-digit gains.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/2c72fecc-2e71-438d-bc18-7ab1d10b53d3.png\"><\/figure>\n<p>Lido DAO (LDO) was the biggest gainer among the top 100 DeFi tokens with an 80% rise over the past week, followed by Fantom (FTM) with a 28% surge. Avalanche (AVAX) registered a 26% surge over the past week, while ThorChain (RUNE) saw a 21% rise in price over the past seven days.<\/p>\n<p><em>Thanks for reading our summary of this week\u2019s most impactful DeFi developments. Join us next Friday for more stories, insights and education in this dynamically advancing space.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/finance-redefined-defi-s-downturn-deepens-but-protocols-with-revenue-could-thrive\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Finance Redefined: DeFi\u2019s downturn deepens, but protocols with revenue could thrive &#8220; Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights \u2014 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&#8230;<\/p>\n","protected":false},"author":1,"featured_media":476918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvNGRmOWJlNGEtNzg5Zi00NGUzLTkwZjAtY2RiNWM0NTJmNmJmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[92664,74868,74891,74938,95119,77595,70934],"class_list":["post-476917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-aave","tag-defi","tag-ethereum","tag-ethereum-price","tag-layer2","tag-lending","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/476917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=476917"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/476917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/476918"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=476917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=476917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=476917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}