Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between December 11th and December 18th, 2022.
Welcome to the 124th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between December 11th and December 18th, 2022.
🔥 The DeFi Bulletin
SBF was arrested by Bahamian authorities and served a lawsuit by the CFTC.
A US Judge in the Ooki DAO trial ordered the CFTC to serve its original founders with the lawsuit.
According to a lawyer, the BZeroX founders are no longer part of Ooki DAO.
Compound DAO was sued by plaintiffs who held only $100 in $COMP tokens.
A bill was recently introduced, supported by Warren and Marshall, that aims to tighten money laundering rules for crypto.
ConsenSys has collaborated with PayPal, aiming to integrate PayPal seamlessly with the MetaMask wallet.
MetaMask has also integrated with Connext.
Sense Finance also announced its own integration with Idle Finance.
ENS DAO elected stewards to helm their three working groups.
Ava Labs launched its own Core Mobile Wallet, which currently supports Avalanche, Ethereum, and Bitcoin.
Maple Finance has unveiled a major overhaul and stopped lending on Solana.
Opyn’s Crab Strategy was recently unveiled, which allows users to use the Crab Strategy as collateral on the Yield Protocol.
SynFutures added a ‘permissionless listing’ of futures in their new V2 upgrade.
Aztec closed a $100M funding round, aiming to build encrypted Ethereum.
Blocknative raised $15M in funding, hoping to provide global infrastructure for Ethereum.
Nametag, a web3 identity platform, announced their $2M seed funding round.
💵 State of the Stablecoins
Bermuda Digital Bank Jewel issued their own ‘fully-backed’ stablecoin.
💱 DEX Report
Raydium, a Solana-based exchange, lost $2M to an exploit.
SushiSwap’s CEO revealed that their DEX lost $30M on LP incentives over this year.
💎 NFT News
Decent, an NFT infrastructure protocol, secured $3.5M in funding.
Thanks for reading, and be sure to catch the 125th issue of The Defiprime Post out this time next week! 👋♦️👋