https://blockchaining.org/tags/defi/ Recent content in DeFi on Blockchaining.org Hugo en-us Mon, 20 Oct 2025 00:00:00 +0000 https://blockchaining.org/2025/10/20/defi-regulation-and-the-permissionless-illusion/ Mon, 20 Oct 2025 00:00:00 +0000 https://blockchaining.org/2025/10/20/defi-regulation-and-the-permissionless-illusion/ <p>The word permissionless has been doing a lot of work in DeFi. It carries a promise: that financial infrastructure can be built and accessed without gatekeepers, without identity verification, without the approval of a regulator or a bank. Smart contracts execute automatically. Code is law. The system does not care who you are.</p> <p>Regulators have spent the past three years methodically dismantling this framing, and they are not wrong to do so.</p> https://blockchaining.org/2025/10/02/ethereum-staking-yield-is-becoming-a-benchmark-rate/ Thu, 02 Oct 2025 00:00:00 +0000 https://blockchaining.org/2025/10/02/ethereum-staking-yield-is-becoming-a-benchmark-rate/ <p>Every financial system eventually produces a benchmark rate. A number that anchors other numbers. A floor from which spreads are calculated, risks are priced, and comparisons are made. In traditional finance that role belongs to government bond yields — the risk-free rate against which everything else is measured. In the Ethereum ecosystem, staking yield is quietly assuming the same function.</p> <p>The mechanics are straightforward. Validators who lock ETH to secure the network earn rewards denominated in ETH. The annualized return on this activity — currently in the range of three to four percent depending on network conditions — is transparent, on-chain, and available to anyone with 32 ETH and the willingness to run a node, or to anyone who delegates through a liquid staking protocol. There is no intermediary setting the rate. The protocol sets it algorithmically based on total ETH staked.</p>