9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
The decentralized finance (DeFi) sector continues to attract increasing attention from crypto investors. ForkLog has gathered the most important events and news of the last weeks into a
The decentralized finance (DeFi) sector continues to attract increasing attention from crypto investors. ForkLog has gathered the most important events and news of the last weeks into a summary.
The amount of blocked funds (TVL) in DeFi protocols fell to $77.26 billion, with MakerDAO leading with $7.84 billion, while AAVE ($5.65 billion) and Lido ($5.35 billion) took second and third places, respectively.
TVL fell to $48.12 billion in Ethereum applications. In the last 30 days, the indicator has decreased by 5% (value on June 16th was $50.52 billion).
The decentralized exchange (DEX) trading volume in the last 30 days was $56.7 billion.
Uniswap continues to dominate the non-custodial foreign exchange market, which accounts for 67.8% of the total turnover. In terms of trading volume, the second is the DEX Curve (14.6%) and the third is the Stabilizer.
Aave developers have proposed to the community to launch a multilateral US dollar-pegged stablecoin GHO, native to the DeFi protocol ecosystem.
“As a decentralized stablecoin on the Ethereum network, GHO will be created by users. As with all borrowings in the Aave protocol, collateral (to a certain extent) must be provided to be able to mint the GHO,” he said.
As collateral for the GHO, a “diversified set of crypto assets” supported by the protocol will be used. Users will continue to receive interest on pledged tokens.
The team has a lot to say about interest rates, collateral levels, etc. He stated that all decisions regarding the GHO, including
“If approved, the implementation of the GHO will make stable money borrowing more competitive in the Aave protocol, provide more opportunities for users, and generate additional revenue for the Aave DAO by channeling 100% interest payments on GHO loans into the DAO’s treasury,” he said. said in the statement.
The developers also offered to offer AAVE token holders a discount on a stablecoin issuance during staking. According to them, this encourages the growth of stkAAVE volumes, which will increase the security of the protocol.
It is assumed that the release and combustion of the GHO will be controlled by community approved “helpers” (Facilitators) with a set emission limit.
The MakerDAO DeFi community voted to invest its non-treasury 500 million DAI in “low risk bonds.”
The initiative aims to mitigate the effects of the bear market. MakerDAO has amassed $4 billion in DAI on its balance sheet. Additionally, $500 million in the DAI/USDC pool can be used for these purposes.
57.67% of voters supported the idea of an 80:20 distribution of assets between government and investment grade bonds.
The International Organization of Securities Commissions has committed to developing regulatory standards for digital assets by the end of 2023. The plans are included in the roadmap of the organization.
The task was given to the fintech task force created in March. It is managed by a representative of the Monetary Authority of Singapore.
The group will form two separate committees, which will be chaired by the US Securities and Exchange Commission and the UK Financial Conduct Authority. They will present reports with recommendations on DeFi and cryptocurrencies.
Participants will focus on market integrity and investor protection and propose ways to adapt existing securities regulatory frameworks to digital assets.
Positioning itself as a CeDeFi exchange uni Based on the BNB Chain, it has agreed to raise $200 million from Global Emerging Markets (GEM) to develop the ecosystem.
GEM will fund in the form of “capital commitments”: Unizen will receive a portion of the funding immediately after meeting undisclosed benchmarks.
The platform focuses on attracting both retail and institutional investors by searching and collecting orders at the best prices on centralized and decentralized exchanges.
Unizen will use the funds received to expand its team and product line and accelerate the implementation of the trade consolidation system.
DeFi platform powered by Kevin O’Leary WonderFi Technologies Acquired Canadian cryptocurrency exchange Coinberry.
According to CoinDesk, the deal was worth $30 million.
The attackers sent malicious tokens under the guise of an airdrop. change To more than 70,000 addresses. Interested users were redirected to a scam site where hackers stole money.
Initially, Changpeng Zhao, head of the Binance bitcoin exchange, announced a potential vulnerability in the third version of Uniswap, where the attacker claimed to have extracted 4295 ETH from the protocol. He later denied the information and confirmed that the project is safe.
PeckShield stated that there was an attack on the liquidity provider.
Uniswap creator Hayden Adams has confirmed that this is a phishing campaign. He advised not to click on potentially malicious links.
July 3 decentralized liquidity protocol team Cream Finance Application suspended due to a hack that uses instant credits on the Solend landing platform.
On July 7, the hacker returned some of the stolen funds after negotiations with the Crema Finance team. He left 45,455 SOL (approximately $1.6 million) for himself as a reward.
The protocol team confirmed that 6,064 ETH ($7 million) and 23,967 SOL ($879,000) were received from the hacker in four transactions.
DeFi protocol developers Yam Finance prevented a cyberattack aimed at transferring control of the project reserves to an unknown third party.
According to the team, the attack, which started on July 7, was noticed two days later. The delay is due to the hacker making an offer to control the protocol using internal processes.
The malicious offer contained an unverified smart contract designed to transfer control of Yam Finance’s reserves to an address associated with the attacker’s wallet. Had the attacker managed to gather enough majority for the proposal to be accepted by the majority of the community, he would have gained access to $3.1 million worth of Yam Finance assets.
Also on ForkLog:
Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
