Finance Redefined: DeFi’s downturn deepens, but protocols with revenue could thrive

Finance Redefined: DeFi’s downturn deepens, but protocols with revenue could thrive


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) staking services across the entire L2 system. Aave plans to leverage Pocket’s distributed network of 44,000 nodes to access on-chain data from various blockchains, and gamers are plugging in DeFi through the Razer reward partnership.

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The majority of the top 100 DeFi tokens traded in green, with many

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