Bank of England (BoE), the UK’s central bank, warned consumers about the risks of using decentralized finance (<a target="_blank" href="https://cryptonews.com/tags/defi">DeFi</a>) protocols shortly after the crypto exchange FTX collapsed. The warning from the central bank was given in a <a target="_blank" href="https://www.bankofengland.co.uk/speech/2022/november/-/media/8331cfac3f284b4c94567d24912b0bba.ashx">speech</a> by Deputy Governor of the Bank of England, Jon Cunliffe. According to Cunliffe, there are three reasons why it is essential to regulate crypto-related activities now.

MakerDAO, a DeFi protocol, has accepted the LSD token of Rocket Pool. This deal might elevate the competition for the giant Lido, MakerDAO. Users can use the token, rETH, to mint the stablecoin of Maker’s DAI.

Decentralized finance protocols do not yet provide an effective way to manage risk, the Bank of England deputy governor warned on Monday.&nbsp;

The fallout from FTX’s collapse has been devastating, and the market is poised for more losses. But according to a recent report by DappRadar, Web3 remains resilient.

Osmosis, a DeFi project on the Cosmos blockchain, could be imperative for the latter’s growth in the DeFi space. This was because Osmosis managed to take a lead among DeFi protocols, such as MakerDAO and Lido in terms of development activity over the last few days.

Ren is in danger of not having enough funds for its development following the collapse of Alameda Research.

The raise closed in Q2 of this year and was led by Libertus Capital, with participation from Castle Island Ventures, Tribe Capital, DACM, C^2 Ventures, Palm Drive Capital, Figment Capital, and GFC.

Analysis shows that the services most frequently offered by DeFi platforms (decentralized exchanges, liquid staking, yield farming, and lending) are also associated with the highest total value locked on average.

With the launch of the Arbitrum network, a new wave of DeFi protocols has emerged, these protocols offer a number of exciting financial primitives.

According to Julian Hosp, co-founder of the decentralized finance entity Defi Chain, the fall of the crypto exchange FTX and the domino effect it has had may have rekindled interest in decentralized finance (defi) and associated products. Hosp, however, conceded that the crypto exchange’s dramatic collapse also encourages regulators to adopt a harder line when dealing with crypto entities.