Honestly, the daily crypto recaps are starting to feel like soap operas at this point. New drama, new pumps, new rugs every 24h. I love it but my brain needs a break lol. Anyone else feeling the fatigue? #crypto
Defi is a central part of the value that Ethereum provides. Financial empowerment is a central part of what it means to have agency and freedom in our current world. Finance is far from the only thing that Ethereum is good for, but it is an important thing. This post discusses how the Ethereum Foundation is approaching defi.
Defi today makes the world's best savings, risk management and wealth-building opportunities permissionlessly available worldwide. We need to build on that.
Ethereum's early defi era was great because it dared to dream and innovate and come up with totally new paradigms (eg. AMMs). Defi tomorrow will bring back that spirit. Don't just "make a better stablecoin", dig a layer deeper, and think about the underlying problem (risk management, hedging one's future expenses), and come up with an even better solution.
But also, as the EF, we are not interested in supporting "onchain finance" or even "defi" indiscriminately. We have a specific vision of what we want to see out of defi: permissionless, open-source, private, security-first global finance that maximizes people's control over their own assets, minimizes centralized chokepoints and trusted third parties, and democratizes risk management and wealth building (the two key goals of finance according to modern portfolio theory) as well as payments. We want protocols that pass the walkaway test: that keep working even if the original team suddenly disappears without warning (or even: becomes hostile / compromised without warning).
Bringing this vision to reality will inevitably take a lot of work. Defi is a complex toolchain, including various onchain components, user-side offchain components (ie. wallet, local agent...), other offchain components, etc.
The things that we care about include areas like:
* Improving security of defi through "traditional" means, eg. audits, standards, wallet-side safeguards
* Improving security of defi through "new" means, eg. AI-assisted formal verification, user-side agents as safeguards
* Oracle security and decentralization (there's A LOT of skeletons in the closet here, we as an ecosystem really need to point a big eye of sauron at it for a while)
* Privacy. Both privacy-preserving payments, and privacy of more complex use cases (eg. what does it mean to have a maximally privacy-preserving CDP? there are clearly benefits in reducing liquidation-sniping risk, but it requires hard tech to get there)
* Open source, and improving the licensing / forkability situation in defi
Ethereum is a permissionless protocol, and nothing stops people from deploying insecure protocols, protocols that enshrine ultimately unneeded centralized trust in the name of convenience, or dopamine-maximizing gambleslop. However, we *are* interested in working with anyone aligned to make permissionless, open-source, intermediary-minimizing and security and user-agency-maximizing defi ecosystem as strong as possible, so that it can be not just individuals and institutions' first choice in Ethereum, but also a globally compelling way to manage funds for anyone who needs its properties.
It's so wild how ETH goes up a bunch which leads to altcoins going up a lot which leads to ETH pulling back a tiny bit which leads to altcoins going back to zero
Pretty clear that there is a sticky bid for ETH, probably wisest to stick to that if you're not an excellent trader
Anchorage opening the gates for fUSD is a bigger signal than people realize. Institutional custody + a new stablecoin = liquidity pipes being built quietly. The stablecoin market is already $170B+, and every new qualified rail matters.
Who's actually using fUSD? #stablecoins
Honestly the Fed rate hike chatter is doing more damage than any actual policy move. BTC under 77k feels heavy, and ZEC getting wrecked is just brutal. I'm not panic selling but I'm not adding either. Anyone else stuck in wait-mode? #Bitcoin
I think Q4 - Q1 2027 are going to be an electric time to for crypto markets. It hasn't been easier to onboard new people into the markets.
Retail is coming & when they do it will happen quick. I think we are on the verge of the biggest onchain alt season we have seen in years
Another day, another wild ride in crypto land. Feels like blinking means missing three narratives and two rug pulls. How does anyone keep up without losing their mind? 😅 #CryptoTwitter
Fed hike is basically priced in at this point, so the real story is what higher rates say about the economy. Sure, short-term pain likely… but crypto has survived worse and comes back stronger every cycle. Still stacking. Anyone else? #BTC
reading a game theory book and now every market chart looks like a nash equilibrium waiting to break. is anyone actually "trading" or are we all just guessing what everyone else is guessing?
President Trump is pushing for CLARITY.
Wall Street is supporting CLARITY.
Banks want CLARITY.
Senate Banking & the House have already passed it.
The vote happens in 4 days.
We are so close.
A quick update on Base, decentralization, and Coinbase Wallet.
First of all, Base is growing. Our focus on trading, financing, and payments in 2026 is paying off.
Base is leading onchain spot trading for BTC and ETH. DeFi TVL is at an all-time high of $5.7B. And Base is the #1 chain for stablecoin transfers.
We’re also making progress toward decentralization. We want Base to be infrastructure that every company and individual can build on.
Going forward, the name Base will represent the chain and its ecosystem. The name Coinbase Wallet will represent the self-custodial version of the Coinbase app. It will continue to be a top place to discover Base assets, markets, and apps. And we'll keep driving a ton of value together to the ecosystem.
I’m excited for @cobie to make Coinbase Wallet into the best trading app you’ve ever seen. And I’m excited to focus on building Base into the blockchain for global finance.
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$1B in mortgage records moving onchain to Injective is a serious RWA signal. Traditional finance rails quietly bleeding into crypto infra while everyone's watching memecoins. TradFi adoption doesn't announce itself loudly. Who else is tracking this? #INJ