Revolut has partnered with Pyth Network to contribute its trusted price data to the decentralized finance (DeFi) ecosystem, marking a significant step in bridging traditional and decentralized finance. 

The S&P 500 rose 0.16% as the bond market stabilized following a US Treasury sale. However, US stock futures dipped Thursday after the Federal Reserve highlighted increased inflation risks, potentially slowing policy easing. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.68%, with Bitcoin and Ether dropping by 2.63% and 2.08%, respectively in the past 24 hours.

Today's top performer is GAS, which surged 31.6% following the launch of Escape the Matrix, Neo's AI-powered blockchain game with a $30K+ prize pool.

Neo (GAS), launched in 2014, is a blockchain enabling a smart economy with digitized assets, smart contracts, and dBFT consensus, driving decentralized app development and ecosystem growth. Neo’s "

" is an AI-driven blockchain game on Neo X, offering a $30,000+ prize pool. Players solve challenges using multi-AI agent interactions, with fees contributing to the prize pool. Running from January 9-14, 2025, the first winner claims 80% of the prize, while 20% is donated to Freysa. A Neo X wallet and GAS tokens are required to play.

Check Out the Latest Prices, Charts, and Data of 

 to contribute its trusted price data to the decentralized finance (DeFi) ecosystem, marking a significant step in bridging traditional and decentralized finance. As a publisher for Pyth, Revolut will share its digital asset price data to enhance transparency and reliability in digital asset markets, benefiting both DeFi applications and Web3 capital markets. This collaboration allows Revolut to expand its crypto operations while Pyth’s oracle technology enables financial institutions to engage with the Web3 space securely. The partnership paves the way for more transparent, fair, and accessible financial markets.

Yesterday, BTC Spot ETF data showed a total flow of -$444.8 million, with GBTC at -$8.9 million and Non-GBTC at -$435.9 million.

SoSoValue, an AI-powered cryptocurrency research platform, has launched its 

 where users can earn points (Exp) by completing simple tasks. The program is live following SoSoValue’s $15 million Series A funding. To join, sign up with an invite code, and complete tasks like following on X, posting, and retweeting. Additional points can be earned by connecting accounts, installing apps, and checking in daily.

Beginner

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Revolut Partners with Pyth Network to Bridge Traditional and Decentralized Finance

Learn what Bybit Private Wealth Management is all about and explore how you can get started with it today.

High–net worth investors in the cryptocurrency space face unique challenges in growing their digital assets. That's why Bybit Private Wealth Management (PWM) is pioneering new paths to prosperity through an exclusive service designed for high–net worth clients.

This guide explores how Bybit PWM combines personalized investment strategies, professional expertise and market insights to help qualified investors achieve their financial objectives.

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Bybit PWM clients receive privileged access to expert market analysis, in addition to regular insight workshops that reveal emerging opportunities. This professional guidance helps clients understand market dynamics and trends, enabling them to make informed decisions about portfolio strategy and timing.

How to Get Started With Bybit Private Wealth Management

: Fill out the contact form with your information, or email the team directly at 

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 to all the products listed in your tailored investment plan.

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With its personalized service and professional expertise, Bybit Private Wealth Management transforms the way high–net worth clients approach crypto investing Its tailored investment strategies, access to exclusive opportunities and comprehensive security measures offer a sophisticated solution for the investor seeking to optimize their digital asset portfolio while maintaining control over their investment journey.

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Bybit Private Wealth Management: Tailored Paths to Prosperity

Ripple is adopting the Chainlink standard to enhance the utility and access of its Ripple USD (RLUSD) stablecoin in DeFi.

Daily Top Performer —  DeepBook (DEEP)

The S&P 500 fell 1.11% as rising Treasury yields and inflation concerns hit markets, with tech and AI stocks leading the decline. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 6.05%, with Bitcoin and Ether dropping by 5.67% and 8.17%, respectively in the past 24 hours.

Today's top performer is DEEP, which surged 4.2% following the announcement of the collaboration between DeepBook and NAVI Protocol, enhancing the utility of DEEP tokens in the Sui DeFi ecosystem.

DeepBook (DEEP), launched in 2023, is a native liquidity layer for the Sui ecosystem, utilizing a central limit order book system to execute trades. It focuses on providing high throughput, minimal slippage, and low fees. 

, allowing users to use DEEP tokens as collateral to borrow from 19 other assets, enhancing their utility within the Sui DeFi ecosystem.

 to enhance the utility and access of its Ripple USD (RLUSD) stablecoin in DeFi. By using Chainlink’s Price Feeds, Ripple can now provide secure and reliable pricing data for RLUSD on the Ethereum blockchain, enabling its integration into DeFi applications like trading and lending. This collaboration allows Ripple to offer high-quality offchain data to accelerate RLUSD’s adoption. Chainlink’s decentralized infrastructure ensures secure, tamper-proof, and accurate pricing, supporting RLUSD’s expansion within both institutional and decentralized markets.

Yesterday, BTC Spot ETFs experienced total outflows of $543.7M, including $125.4M from GBTC and $418.3M from non-GBTC sources.

 offers 50 free loyalty points for completing simple tasks like following on X, reposting, and joining Discord. Participants must join the PIN AI Telegram game and have a Galxe Humanity Score, Passport, or Subscription to qualify. Keep playing to earn more points and potential eligibility for a future airdrop.

Ripple Enhances RLUSD Utility in DeFi with Chainlink Price Feeds Integration

Velodrome Finance, an AMM built on the Superchain network, aims to offer marketplace features from Convex and Uniswap in one convenient place. Learn more here.

 finance fields right now is liquidity provision. There are all sorts of 

 looking for ways to sell liquidity to markets while providing profits for their own community members. Velodrome hopes to break free from the pack and beat its competitors with its uniquely user-focused experience. This liquidity provision service boasts a helpful combination of decentralization, user incentivization and user-led governance. To learn more about Velodrome's features and see how its token is performing, keep reading this guide.

 is an automated market maker (AMM) built on the 

 network that aims to offer marketplace features from Curve Convex and Uniswap in one convenient place. It’s designed to provide liquidity to many other programs while also allowing traders to swap tokens.

The Superchain network is an ecosystem that combines multiple blockchains into one seamless network. Initially launched by the 

 ecosystem, Superchain now has a variety of partners. It works with many Ethereum-based chains, including 

Velodrome Finance’s evolution has involved various stages. The project 

 (DeFi) architect who previously helped to found 

. One of the many features of this DEX was veDAO, a 

A few months after its launch, Solidly's founders parted ways over a disagreement. Initially, this left the future of veDAO up in the air. However, community members banded together and decided to save their system. veDAO took the best parts of the Solidly DEX design and moved it to Optimism. 

Velodrome's main goal is to create a sustainable and user-focused version of other popular liquidity providers, such as Uniswap and Convex for Curve. Unlike many other automated market makers, Velodrome is entirely run by its users. As a DAO, Velodrome encourages users to submit proposals and vote on proposals. By giving users the ability to regulate everything from fees to branding, Velodrome ensures that each participant's opinions are heard.

Velodrome's governance model is also meant to incentivize users to commit to long-term community growth. Unlike some systems that are all about short-term individual profit, Velodrome has incentives that specifically reward those involved in community growth. It believes this design ensures the system has regular users who make decisions that enhance its overall sustainability.

 starts with liquidity providers temporarily placing their tokens in concentrated liquidity pools. Traders then use funds from the liquidity hub to facilitate trading with minimal 

, paying low fees for the privilege. These fees are then transmitted to liquidity providers in the form of VELO emissions. Liquidity providers can choose to lock their VELO tokens, if they wish to join the Velodrome governance model and vote on protocol upgrades. This flywheel cycle has a seven-day timeline. Every week, Velodrome updates its system to recalculate votes, trading fees and VELO emissions. 

Another unique mechanic of Velodrome Finance is its blockchain base. Instead of being built on a single chain, Velodrome is designed to run on the Optimism Superchain network. When operating the liquidity management system, Velodrome doesn't focus on individual liquidity pools based on a token's home chain. Instead, its protocol router evaluates multiple types of liquidity pools to automatically select the one with the most efficient prices and optimal trade execution routes.

Velodrome is a fairly focused AMM. Instead of providing a wide range of services, it prioritizes doing an excellent job at just a few things. 

Velodrome's swapping service lets traders exchange one type of coin for another. It currently supports a broad range of coins, both on and off the Optimism Superchain network. This form of trading has many uses, ranging from portfolio management to profiting from market changes. Velodrome's convenient three-step system simply requires users to link their wallets, choose their desired tokens and approve their fee quotes before swapping.

Velodrome offers concentrated liquidity pools that help DEXs function properly. In exchange for these services, liquidity providers on Velodrome earn financial rewards. For many investors, participating in a liquidity hub is a way to 

 on tokens they don't yet want to sell. Velodrome's ability to provide deep liquidity is so popular that it's the primary liquidity hub on the Superchain.

Velodrome has changed a lot since its early days as a token-swapping system, gradually adding features like decentralization, dynamic fees and a 

 (DApp) interface. Its long-term future will depend upon the changes its DAO votes on. However, there are already 

 currently in the works. In 2025, Velodrome plans to add more dynamic pricing options, additional governance methods, Superchain-based voting and bridgeless Superchain swaps.

The Velodrome ecosystem relies on the following two tokens to function properly.

 – based token that’s used for fees and liquidity provision. You can obtain VELO either by purchasing it directly through the market, or by contributing to liquidity pools and receiving VELO liquidity incentives.

If desired, users can lock their VELO tokens in order to receive veVELO, an ERC-721 governance token that exists as an NFT. The amount of veVELO you receive for your VELO is in part directly proportional to the amount of time you choose to lock your tokens. People who hold veVELO can submit and vote on community proposals for the Velodrome platform.

The VELO utility token has a circulating supply of roughly 900 million, with plans to unlock more tokens in the future. These 

The VELO token was initially selling for around $0.04. However, after the project’s DAO adapted its platform from Solidly to Velodrome, token prices took off. In April 2023, March 2024 and December 2024, VELO token prices spiked. While the VELO token price is down from its all-time high of $0.42, it’s still sitting in the $0.10–$0.20 range. 

This pricing pattern seems likely to persist for a while. Binance 

 will reach an average price of around $0.17 in 2025. However, other price predictors are even more optimistic, with CoinCodex suggesting there will be a price jump in February 2025, resulting in yearly average prices of around 

Looking to trade Velodrome tokens? Bybit now offers the VELODROMEUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Velodrome has plenty of competitors in the liquidity management field, but several factors make its token a good investment. First of all, the VELO utility token has been around for quite a while. This stability makes it more reliable than tokens that were just recently added to the market. Secondly, VELO has a history of sharp price increases; the token is highly responsive to positive press and market upturns, so there's a chance for high prices. Finally, Velodrome is performing well, and Its partnership with the Optimism ecosystem has helped it attract users.

Nevertheless, any crypto token features some volatility in its price. For example, a DAO voting for abnormally low fees could cause sudden price downturns. If you want to invest in the VELO token, make sure to 

. As with any other medium-risk token, VELO isn't reliable enough to be the only asset in your entire investment portfolio.

Velodrome has done a great job of transitioning from a DeFi tool to its own standalone liquidity provision system. By functioning as the primary liquidity hub on Superchain, Velodrome provides minimal slippage, deep liquidity and reasonable trading fees. Furthermore, its liquidity incentives appeal to a wide variety of users and help keep the system running. Ultimately, the Velodrome platform and the VELO token have a lot to offer to the world of decentralized finance.

Intermediate

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Velodrome Finance (VELO): A Liquidity Hub for the Superchain

Bybit Learn

DeFi

Did you know that anyone who holds governance tokens can influence a project's future direction? Find out more about how governance tokens work in this article.

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, we can't talk about cryptocurrencies and 

 without mentioning the utility of governance tokens. While most crypto investors focus on 

, there are a wide range of tokens to consider, including 

While Bitcoin perennially remains a hot topic in the crypto scene, governance tokens preserve a critical aspect of 

. Not only can governance token holders help shape a protocol's future, but they also bring the community’s members closer. This guide offers a detailed overview of governance tokens and how they work.

Governance tokens are cryptocurrencies built on blockchain platforms, that grant holders the right to participate in the governance of a protocol.

Token holders have a say in proposing new features to a project and making changes to its governance system, depending upon their voting powers. The voting power of each token holder is proportional to the number of tokens they hold. The more governance tokens they hold, the more influence they have.

Governance tokens are designed to provide holders with ownership in fully decentralized protocols. Anyone who holds a governance token can influence a protocol’s future direction.

Most protocols accommodate a standard proposal submission process that lets developers make various proposals. In the event that a submission is taken to a vote, token holders can use their voting power to influence any potential change to the project. Governance tokens are considered to be a key decision-making mechanism within 

Centralized governance means that the board of directors or shareholders of a corporation has full discretion over decisions about strategic direction. Governance tokens gained popularity within the DeFi system (as opposed to centralized governance) as a way to govern the decentralized ecosystem, and to foster better community involvement, decentralization and decision-making without relying on centralized decision-makers.

, they’re outfitted with characteristics such as transparent distribution and immutable token ownership, which makes DAOs a perfect laboratory for the decision-making process.

When a governance proposal is taken to a vote, token holders get the opportunity to position their vote on the blockchain. In most cases, the voting power a token holder has is directly proportionate to the total number of tokens that they hold. Therefore, anyone who has 1,000 governance tokens will have double the voting power of a holder with 500 tokens. Nevertheless, each DAO has slightly different governing methods. The types of governance proposals for which token holders can vote typically include:

The following are the two distinct governance models for decentralized governance.

On-chain governance refers to the decentralized decision-making processes implemented directly on a blockchain. With on-chain governance, rules are essentially hard-coded into the protocol, which means that any decision will immediately be translated into readable codes. Projects such as 

 plan to use on-chain governance in the future. 

One of the core challenges includes the difficulty for token holders to be participating in decision-making processes, disagreements and conflicts that arise within a community that can result in a governance deadlock. This occurrence may lead to a potential hard fork, or blockchain splits which different governance approaches. 

Off-chain governance means that decision-making processes occur on a more social level before developers encode them into the protocol. At the moment, 

 primarily use off-chain governance. For instance, Ethereum obtains improvement protocols through 

, while developers on Bitcoin display their improvement proposals via the mailing list.

Many users believe that off-chain governance has more checks and balances in place than on-chain governance. Miners are responsible for deciding if proposals will be adopted. However, users can respond by selling their tokens or switching to another protocol.

Governance Tokens vs. Security Tokens vs. Utility Tokens

Governance tokens represent voting rights within DeFi protocols. They distribute the power of decision-making on a blockchain, from a completely centralized structure over to a community — token holders who are also protocol owners. Token holders are typically invested in the project's future because their decisions will influence the outcome of the project. 

Beyond voting rights, governance tokens distinguish themselves from their utility for staking purposes, yield farming and crypto loans. For example, the most popular governance tokens used include 

Security tokens, on the other hand, are designed to comply with securities regulations and offer investors protection and regulatory compliance across different jurisdictions. These tokens are usually backed by real-world assets, such as art, company equity, commodities and more. Security tokens facilitate the entry of investors into high-value assets by allowing them to own a fraction of them through the exchange of compliant security tokens.

A utility token is a digital asset mainly used for payment and for access to a product or service. These tokens boast adaptability and functionality for blockchain protocols or decentralized applications (

). For example, Binance Coin (BNB) serves its utility by giving holders the right to vote to list tokens, unlock trading rebates and enjoy priority for exclusive events and services, such as Binance Launchpad.

However, not every token is considered to be a currency. It's common for global supply chains to use these tokens in order to benefit from blockchains and 

Below is a brief table describing the differences between the three tokens being discussed.

Governance tokens protect a blockchain’s integrity by giving participants the right to make decisions and govern the platform. The value of these tokens comes primarily from governance rights to make changes to the existing protocol, which eventually benefits holders as the platform takes shape. These tokens are usually traded, swapped, exchanged and staked, which means possessing them can be considered a type of passive income stream.

In general, governance tokens become more valuable as projects get adopted 

 their value mostly gained from the success of the projects. While they may not be valuable initially, the value of governance tokens tends to appreciate proportionally to a project's growth, and increases further as the number of tokens in circulation reduces once a DeFi protocol initiates token burning.

If you've obtained governance tokens due to your investment in a blockchain project, you'll gain several benefits when using them, from better efficiency to more opportunities for collaboration.

The main benefit of governance tokens is that they accommodate decentralized governance. Developers who implement decentralization within their web3 projects can use governance tokens to do so. If these tokens weren't in place, DeFi solutions would mainly involve copious amounts of smart contracts.

Once a proposal is made, token holders are free to collaborate after holding discussions among themselves. Anyone who holds tokens can state how they’ll vote, while also obtaining incentives to collaborate with other community members who intend to vote the same way.

Another benefit of governance tokens involves the efficiency that they offer. Having a governance token gives community members a sense of involvement in the project, as they now have a say in it. This then leads to more active participation, since members want to see the project succeed, effectively resulting in more efficient decisions pertaining to the project.

While governance tokens are highly beneficial for web3 and blockchain projects in general, there are a few challenges for crypto companies issuing governance tokens to consider.

The most serious challenge involves the potential for malicious actors using their governance power to make decisions that only benefit themselves, as opposed to the overall community. If someone with a large amount of voting power is also a bad actor, the resulting decision for the protocol could be a poor one.

 are investors who make exceedingly large investments, which means that they gain access to a considerable amount of governance tokens. This can pose a problem, due to the sheer magnitude of their voting power — since decentralization is one of the primary purposes of blockchain projects.

At the moment, governance tokens don't come with much accountability. If a project fails, it's difficult to determine who's responsible for the failure.

, which focuses on full decentralization. The developers’ main goal for this governance token is to provide the Yearn Finance community with control over the project. This token also emphasizes the potential for developing a truly self-sufficient DAO.

, considered to be among the most popular lending platforms on web3. Anyone who holds MKR governance tokens can use them to vote on changes to the platform's economic rules.

 is the primary governance token for the Uniswap protocol. Token holders can take part in decision-making processes as they relate to the Uniswap platform. However, Uniswap developers still retain control over how the project will continue in the months and years ahead, which means that this protocol is more centralized than some others.

Initially designed for the purpose of rewarding early adopters, ENS governance tokens were 

, toward the end of 2020. Subsequently, the price of these tokens has increased significantly. Because of the large increase in their value, early adopters have been rewarded for the initial support they gave.

Anyone who holds a COMP token can use it to participate in Compound’s decision-making process, or to delegate their voting rights to someone else who can then vote on behalf of the token holder.

Even though it's difficult to predict the future of any aspect of the crypto industry, governance tokens have already proven their worth in the crypto space and will likely be critical to future industry growth. By facilitating DAOs, token holders can help create a lasting community, while also being sure to voice their own opinions. These communities can take many different shapes, from 

Because of the importance of governance tokens to decentralization, they will likely continue to grow in relevance depending upon how widely DeFi and DAO models are adopted. By providing the broader community with the ability to manage a project, a DAO allows that community’s decisions to directly influence a project’s success.

Anyone holding a governance token can vote on proposals, from changing reward distributions to altering the entire governance structure of a DeFi project or organization. Governance tokens foster active collaboration in ongoing decision-making processes among token holders. Despite their already-proven relevance, the value of these tokens is likely to grow further as adoption spreads.  

Governance Tokens: What Are They and How Do They Work?

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