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02 Dec 2021

Current state of DeFi in 2021: Part 2

Quick Take

  • This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report
  • The nature of decentralized stablecoins became more diverse with the rise of algorithmic stablecoins backed by fractional reserves or endogenous collateral
  • Centralized custodians played a pivotal role in bringing Bitcoin into DeFi
  • Lido denominated the liquid staking sector with billions under management
  • Most miner extractible value originated from arbitrage

This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block.

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