NEW YORK: Decentralised-finance (DeFi) investors are betting on ethereum’s revamp to help thaw out the market’s more than two-months-long crypto winter.
The DeFi sector, where investors earn yields by trading and staking cryptocurrencies without centralised intermediaries, has declined sharply following the collapse of the TerraUSD stablecoin, and as soaring inflation puts the Federal Reserve on a path of monetary tightening.
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