Protocols
Deep-dive protocol analysis covering DEX mechanics, lending markets, derivatives, stablecoin design, and DAO governance.
110 live articles · Page 6
Ethena Foundation Proposes Fee Switch for ENA Token Buybacks
The Ethena Foundation has proposed a fee switch that would route protocol revenue toward ENA token buybacks, a governance-level change to how the protocol allocates its fee flow. The measure is a proposal, not an active mechanism, and would require governance approval before any buyback program begins.
Ethena Proposes Sending All Net Revenue to ENA Buybacks
Ethena has floated a governance proposal to redirect all of the protocol's net revenue toward ENA buybacks, a change that would rewire how value flows back to the token rather than accumulating in the treasury. The plan is a proposal at this stage, not an enacted policy, and its exact terms still require confirmation.
Bitwise Launches Self-Custodied Tokenized Stock Portfolio on Base
The launch pairs two distinct design choices, a self-custody model and a Base deployment, into a single tokenized equities product. It is a product-launch story rather than a broad tokenization thesis, and the details that matter are how the portfolio is held and where it settles.
LayerZero Unveils ATLAS Exchange Engine: What the Launch Signals
LayerZero has unveiled ATLAS, an exchange engine positioned as infrastructure for global markets, marking the interoperability protocol's push beyond cross-chain messaging and into the matching-and-settlement layer of the DeFi stack.
Robinhood Chain DEX Arcus launches pTokens for transferable perp accounts
Arcus, a decentralized perpetuals exchange building on Robinhood Chain, has launched pTokens, a product that wraps a perpetual trading account into a transferable ERC-20 token. The launch of Arcus pTokens reframes a perp account from a wallet-bound position into a fungible, movable on-chain asset.
Coinbase Launches Tokenized Stocks on Base: What It Means
Coinbase is bringing tokenized stocks to Base, its Ethereum layer-2 network, moving equity exposure onchain and positioning Base as the settlement venue for a new class of tokenized real-world assets.
Coinbase Debuts Tokenized Stocks on Base Network
Coinbase has debuted tokenized stocks on Base, its Ethereum Layer 2 network, extending real-world equity exposure directly onto on-chain rails through the exchange's tokenization program. The move positions Base as the settlement venue for equity tokens rather than routing users to an off-chain brokerage.
Solana Cuts Mainnet Slot Time to 350ms in Push Toward 200ms
Solana has reduced its mainnet slot time to 350 milliseconds, activating the first concrete step in a staged roadmap aimed at eventually reaching 200-millisecond block production.
Circle targets Sept. 16 for Arc public mainnet launch
Circle is targeting Sept. 16 for the public mainnet launch of Arc, its blockchain network, moving the project from pre-launch phases toward broader availability.
Optimism Redirects $49.7M in Airdrop Reserves After Governance Vote
Optimism has redirected $49. 7 million in airdrop reserves toward a new strategic fund following a governance vote, moving a pool of OP tokens that had been earmarked for user distribution into protocol-controlled ecosystem spending.
Deribit to Launch Stock and ETF Perpetual Contracts on August 31
The exchange is identified as a Coinbase derivatives platform. Deribit's own documentation describes a framework for real-world-asset perpetual contracts , the product category the stock and ETF perpetuals fall under.
Securitize brings Neuberger fixed-income platform onchain with tokenized fund
The fund serves as an onchain wrapper for a fixed-income strategy that has traditionally been distributed through conventional channels. Securitize provides the tokenization and issuance infrastructure, while Neuberger contributes the underlying fixed-income platform and investment management.