
Borrowing demand across decentralized finance (DeFi) protocols plunged sharply in the wake of the recent crypto market turmoil, a sign of widespread deleveraging as crypto investors unwound risky positions. The average U.S. dollar stablecoin yield — what protocols pay out to lenders for lending out their assets — fell to 2.8% on Tuesday to its lowest level in a year, measured by DeFi yield-earning application vaults.fyi`s benchmark . That`s well below the average U.S. dollar money market rates on traditional markets (4.3%), and a hefty decline from mid-December`s crypto market peak, when DeFi rates topped 18%. "This is largely due to the market moving towards a risk-off environment where borrowing across protocols has decreased significantly," said Ryan Rodenbaugh, CEO of Wallfacer Labs, the team behind vaults.fyi. The move reflects risk-off sentiment spreading across crypto markets, with investors pulling back leverage amid volatile price swings. As users repay loans and liquidations clear out under-collateralized positions, demand for borrowing dips. Meanwhile, deposits available for lending on protocols remained stable, per vaults.fyi data, meaning that declining revenue from borrowers are spread among the same amount of lenders, exerting downward pressure on yields. That`s a "negative double-whammy" for the rates that the remaining lenders are getting paid, Rodenbaugh said. The sharp decline in yields and deleveraging was exacerbated by this weekend`s carnage in crypto markets, as major DeFi lending protocols reported a wave of liquidations amid rapidly plunging asset prices. Bitcoin (BTC) and Ethereum`s ETH, two assets predominantly used as collateral for crypto loans, suffered 10%-15% declines below $75,000 and $1,500, respectively. Aave, the largest decentralized lending market by total value locked (TVL), processed over $110 million in forced liquidations during the Sunday-Monday market decline, Omer Goldberg, CEO of DeFi analytics firm Chaos Labs, noted citing on-chain data. Sky (formerly MakerDAO), issuer of the $7 billion USDS stablecoin and one of DeFi’s largest lending platforms, also liquidated an ether whale`s $74 million DAI loan collateralized by 67,570 ETH, worth $106 million at the time, on-chain data shows. Another large lender with 65,000 ETH in collateral scrambled to pay off portions of their $66 million loan to avoid a similar fate, bringing down the outstanding debt to $28 million. The total value of borrowed assets on Aave dropped to $10 billion on Tuesday, a sharp drop from over $15 billion in mid-December, DefiLlama data shows. Morpho, another key lending protocol, saw a similar drop to $1.7 billion from $2.4 billion during the same period, per DefiLlama .
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HTX DAO Approves First Proposals via Token-Weighted Voting, Advancing Decentralized Governance and Brand Building

Singapore, April 17, 2025 – HTX DAO, a decentralized autonomous organization committed to building a transparent and community-driven Web3 financial hub, announced the successful ratification of its first two community governance proposals — HIP-001: HTX DAO Committee Member Policy, and HIP-002: HTX DAO’s Official Interview Series “The DAO Talks”. Both proposals garnered significant community engagement and received broad support via $HTX token-weighted voting, officially entering the implementation stage. This marks a major milestone in HTX DAO’s progression toward decentralized governance and ecosystem development. It demonstrates the DAO’s continued commitment to decentralization, participation, and open collaboration, laying the foundation for a more transparent, inclusive, and interactive DAO model. *Full Announcement: https://htxdao-1.gitbook.io/announcement-en/official-announcement-hip-001-and-hip-002-proposals-approved HIP-001: A Modular Governance System from Policy to Practice HIP-001 establishes a fundamental governance structure for HTX DAO, setting forth the responsibilities of committee members, a modular governance structure, term and rotation mechanisms, and a hybrid formation model. Key elements include: ● Implementation of a modular governance mechanism , with 1–2 committee members assigned to each module; ● Introduction of term limits and a rotation system to ensure continuity and community engagement; ● Adoption of a hybrid selection model combining community elections with appointed members to balance decentralization and stability; ● Clear delegation of responsibilities, including proposal drafting, coordination, execution, and community feedback collection. HIP-001 provides the initial standardized and scalable framework for HTX DAO’s governance, laying a solid institutional foundation for future developments such as governance tooling, committee incentives, and additional governance modules. The new framework facilitates broader community involvement in decision-making and governance, enhancing the DAO’s professionalism, operational efficiency, and transparency. As the committee expands with more members, HTX DAO’s governance will become increasingly diverse and representative, driving deeper decentralization across the ecosystem. HIP-002: Empowering Governance Through Content and Building Communication Channels HIP-002 launches a new branded content initiative titled “The DAO Talks”, led by second-term honorary committee member DaDa and produced by HTX DAO. The series will feature interviews with promising Web3 projects, discussions on DAO governance, analysis of market trends, and interactive AMAs with the community. Airing weekly on X Spaces and HTX Live, the program functions as both a regular touchpoint for HTX DAO’s outreach and a strategic conduit linking the community, project teams, and investors. Through open conversations with high-potential projects, the series offers a community-driven perspective to boost token listing decisions on the HTX exchange and acts as a discovery mechanism for ecosystem growth. Paired with real-time market insights and community engagement through AMAs, the initiative strengthens user participation and offers $HTX holders access to rewards such as airdrops and whitelist opportunities. HTX DAO is redefining governance as a transparent and participatory process, evolving from a closed organization to a collaborative hub that links projects, exchanges, and users, thereby delivering decentralized coordination and shared value creation. By integrating content with governance, HTX DAO is establishing an efficient platform for communication, due diligence, and ecosystem synergy. Community-Driven Future for HTX DAO The transition of HIP-001 and HIP-002 from conceptualization to reality is a direct result of community votes and widespread support. These proposals fortify the DAO’s institutional foundation and underscore its inherent dynamism. Looking ahead, HTX DAO remains committed to its principles of openness, transparency, and community-driven governance. The DAO will continue to encourage global contributors to actively participate in building a more inclusive, sustainable, and decentralized ecosystem. About HTX DAO As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. It pioneers a blended CeFi/DeFi paradigm, including listing and community governance, through its focus on building an exchange DAO and a free financial hub ecosystem. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates openness and encourages all DAO participants to propose ideas that can promote the development of HTX DAO. Contact information Website: www.htxdao.com Email Address: media@htxdao.com The post HTX DAO Approves First Proposals via Token-Weighted Voting, Advancing Decentralized Governance and Brand Building first appeared on HTX Square . CoinDesk

Analyst Shares Strong Bullish Signal For Bitcoin (BTC)! "It Came From The US!"
Bitcoin (BTC) failed to meet expectations in the first quarter of 2025 and had one of its worst quarters. However, there are still hopes for an uptrend in the market for the third and fourth quarters. At this point, one analyst said that US stock market activity is giving a bullish signal for Bitcoin in 2025. Analyst Axel Adler said that US-based cryptocurrency platforms have regained their influence on Bitcoin, and that this situation gives an important signal for the rise. Stating that the US-offshore rate has reversed from its downward trend, the analyst said that this rise indicates the increasing dominance of US stock markets and that BTC transfer volumes on US stock exchanges have started to rise again, in line with previous bull market rallies. According to the analyst, increasing Bitcoin transfer volumes on US exchanges signal a possible bull run in late 2025. The “US vs. Offshore Ratio” metric shows the extent to which US exchanges dominate or lag behind offshore platforms in the volume of token transfers. Essentially, after the ATH in January, the metric fell sharply to a level close to 1, signaling a significant decline in US stock market dominance. However, we are now witnessing a reversal in the metric.” The analyst also noted that a key point on the chart is the 90-day simple moving average (SMA) crossing above the 365-day SMA, as historically, this transition has occurred before major price increases. “Specifically, when Bitcoin was at $60,000, SMA-90 crossed SMA-365. A week after this crossover, an uptrend began and we are currently observing a similar pattern.” This suggests a potential price rally in the coming weeks, but only time will tell if this indicator will spark another rally in Bitcoin. *This is not investment advice. Continue Reading: Analyst Shares Strong Bullish Signal For Bitcoin (BTC)! "It Came From The US!" CoinDesk