DEFI
What is DeFi?
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
Venture capital firm Andreessen Horowitz voted against a Uniswap proposal
Andreessen Horowitz (a16z) opposed a final plan to instal Uniswap V3 on the BNB Chain utilising the Wormhole bridge.
Committee Appointed to Represent Unsecured Creditors in Genesis Global bankruptcy
In the Genesis Global bankruptcy case, unsecured creditors have a seven-member committee.
Russia largest bank is moving forward with the plan
Sberbank, Russia's biggest bank, will begin open DeFi platform testing in April 2023.
Web3 Builders Reveals Suite of Tools to Combat DeFi exploits
Nicholas Horelik of Web3 Builders stated, “end users ought to have this functionality” to understand asset security.
Everlend Finance, a Solana-based decentralized finance
Solana protocol decentralises finance Closing Everlend Finance.
The January figures are 92.7% lower than the $121.4 million
In January, crypto attacks cost PeckShield $8.8 million, compared to $121 million last year.
Cardano's New Algorithmic Stablecoin DJED
ADA, Cardano's native token, backs the algorithmic stablecoin, which is tied 1:1 to the US dollar.
Hackers Launder $27 Million in Stolen Ethereum From North Korean
North Korean exploiters laundering June 2022 Harmony Bridge assault funding.
The new procedures included the requirement that all future code changes be approved by the DAO
"Aave V3" was launched in March 2022 and deployed on numerous EVM-compatible blockchains soon after. V3 helps consumers save money and enhance capital efficiency. It permits riskier collateral.