Crypto Evening Briefing: Japanese Banks to Test Stablecoins on ‘Japan Open Chain’
Japan has taken a major step forward when it comes to stablecoins, with several notable banks testing stablecoin usage on Ethereum-compatible blockchains.
Market Byte: Governance Implications of Uniswap’s BNB Expansion
Governance is a crucial aspect of many blockchain-based applications, including Decentralized Finance (DeFi) protocols.
Folks Finance Will Join Cointime Web3 Builder Hub Daily
Folks Finance is a non-custodial DeFi protocol providing financial tools for digital assets.
CFTC’s TAC Will Include Panel to Discuss Issues in Decentralized Finance(DeFi)
The committee has an opportunity to look past labels and examine the issues presented by DeFi thoughtfully and holistically.
DeFi to Go Under Microscope at US CFTC Advisory Group’s Opening Session
Decentralized finance (DeFi) will be the first topic discussed at the opening meeting of the Commodity Futures Trading Commission’s Technology Advisory Committee on March 22, further cementing the cryptocurrency sector as a priority for the U.S. derivatives regulator.
How Does Hot Tub Compare to Other Crypto Vaults?
On-chain vault products have become popular as the cryptocurrency equivalent of a savings account, allowing users to easily deposit some assets, earn a return by automating the claiming of rewards and compounding them to generate additional profit.
Tokenized Real-World Assets (RWAs): Scaling DeFi to a Global Level
The tokenization of real-world assets provides immense opportunities for existing financial institutions and the early-stage DeFi ecosystem.
Wrapped Tokens: Blockchain Limitation Disruptors
Wrapped tokens that feature assets to be used behind the native blockchain or original design are gaining widespread application across DeFi platforms.
Platypus Finance Creates Compensation Portal for Users Following $9.1M Exploit
Decentralized finance (DeFi) protocol Platypus Finance has created a portal that enables users to view how much the platform owes them following the recent $9.1 million exploit that the platform suffered.
Wormhole Counter-exploit Forces Scrutiny of Multisigs in DeFi
The spectrum of decentralization has been a hot topic following a counter-exploit recently executed by Jump Crypto on the Wormhole hacker who stole 120,000 ETH — around $325 million — in February last year. After receiving an order from the High Court of England, Oasis — a privately owned app deployed on top of the decentralized finance (DeFi) protocol MakerDAO — carried out a counterattack by adding an “authorized third party” to its multi-sig. The third-party — believed to be Jump — then used it to upgrade Oasis’ proxy contract, ultimately seizing the funds. Many industry participants raised concerns about this move as an indication of the centralization of DeFi, and whether these upgradable contracts should be used at all. (Blockworks)
