A cool change is going on in decentralized finance (Defi).
While the rear bull market of Defee was inspired by water from water water-and suspected-yellow and speculative frenzy, current growth has been operated by this region, which has become a backynd financial layer for user-supported apps and has increased institutional participation, according to A. Wednesday report By analytics firm Artemis and on-chain yield platform vaults.
The report shown that the Total Price (TVL) on the top DEFI lending protocol, including AAV, Euler, Spark and Morfo, has moved beyond $ 50 billion and has reached $ 60 billion in the last one year. This growth is driven by rapid institutionalization and rapidly sophisticated risk management devices.
“These are not just yield platforms; they are developing in modular financial networks passing through rapid institutionalization,” authors said.
‘Defi Melt’
One of the recently highlighted reports embedded the DEFI infrastructure in the backnd to quietly offer a yield or loan. The report stated that these features are distracted from users that make more comfortable experiences, often called “Defee Mult”, Fintech Front-end, called Defee Backndend.
For example, coinbase users can borrow against their bitcoins
Holdings run by Backnd Infrastructure of Defi lender Morfo. The report states that this month has already been generated more than $ 300 million in the loan through this integration.
Integration of bitt wallet with lending protocol Aave provides 5% yield on USDC and USDT holdings in chains without leaving the Crypto Wallet App. Paple is also doing something similar with its Pyusd Stablecoin, offering a yield near 3.7% for Paple and Venmo Wallet users, which is also without the Defi element.
The report states that the Crypto-Freedy Fintech firms with large user bases, such as Robinhood or Revolute, can also adopt this strategy and offer services such as stabechoin credit lines and asset-supported loans through DEFI markets, which create new duty-based revenue.
Token rwas in sift
Rapid, DEFI protocols are beginning to use cases for token versions of traditional devices such as American Treasury and Credit Fund, also known as real -world property (RWA).
These token assets can serve as collateral, the yield can earn directly or the more complex strategies may have bundles.
Read more: Token Apollo Credit Fund introduced DEFI, in which secure, Guntalet with liver-soled strategy
The token of investment strategies is also becoming popular. Pendall, a protocol that allows users to divide the yielding currents from the principal now manages more than $ 4 billion in total value, which involves it to the token stabechoin yield products.
Meanwhile, Ethena’s Susde and similar yield-bearing tokens have introduced products that give up 8% returns through strategies such as cash-and-carry trades, removing the operational burden for all end users.
Rise of on chain asset managers
The report is the rise of a less visible but significant tendency to be highlighted in the report. Firms like Gunts, RE7 and Stecahouse Financial Alocle Capital in DEFI ecosystems, using professional managers, similarly managed strategies.
These players are deeply embedded in DEFI protocol governance, fine-tune risk parameters and deploy capital in a range of structured produce products, tokens of real-world assets (RWAS) and modular lending markets.
The report stated that the area’s capital under management has increased four times since January – more than $ 1 billion to more than $ 4 billion.
Read more: Crypto for advisors: Defy yields, revival
