Decentralized finance (DeFi) protocol Trader Joe has announced its very first expansion from Avalanche and onto the Ethereum ecosystem, as part of its plans to access new markets and drive up user activity. The decentralized trading platform announced its “multi-chain” expansion into Ethereum layer-2 scaling solution Arbitrum One on Dec. 1 and follows around a month after it stated its intention to expand to additional markets and ink new partnerships amid falling TVL and user activity in the third quarter. (Cointelegraph)

There’s an overallocation of talent in finance and law.

Decentralized finance (DeFi) demands more transparency and clarity in the regulatory landscape, according to a panel discussion at the International Workshop on P2P Financial Systems 2022 on Dec. 1. 

Russia’s largest bank, Sberbank, has added support for Ethereum and EVM-compatible self-custodial wallet MetaMask on its digital asset issuance platform.

The community of <a href="https://www.coindesk.com/learn/how-does-makerdao-work-understanding-the-central-bank-of-crypto/">MakerDAO</a>, one of the largest decentralized finance (DeFi) protocols, voted to increase the rewards rate for its <a href="https://www.coindesk.com/price/dai/">DAI</a> stablecoin to 1%.

Derivatives marketplace Chicago Mercantile Exchange (CME) and cryptocurrency index provider CF Benchmarks this month will introduce reference rates and real-time indices for aave (<a href="https://www.coindesk.com/price/aave/" target="_blank">AAVE</a>), curve (<a href="https://www.coindesk.com/price/curve-dao-token/" target="_blank">CRV</a>) and aynthetix (<a href="https://www.coindesk.com/price/synthetix/" target="_blank">SNX</a>), the two <a href="https://www.prnewswire.com/news-releases/cme-group-and-cf-benchmarks-to-launch-three-new-defi-reference-rates-and-real-time-indices-on-december-19-301691384.html" target="_blank">said</a> in Thursday.

Crypto trading firm Auros Global appears to be suffering from FTX contagion after missing a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance (DeFi) loan. Institutional credit underwriter M11 Credit, which manages liquidity pools on Maple Finance, told its followers in a Nov. 30 Twitter thread that the Auros had missed a principal payment on the 2,400 wETH loan, which is worth in total around $3 million. (Cointelegraph)

Auros is experiencing a short-term liquidity issue as a result of the FTX insolvency.

Furio devs decided it would be great to lower the price to “save” the project. Potentially having the opposite effect, as investors saw the price drop and panic sold their bags.

DOVs are prepackaged investments linked to digital assets that can be customized to meet different risk-return metrics.