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DeFi
While the product offers investors single-asset exposure to the liquid staking leader, the Switzerland-based firm classified this product as class 7 risk, the highest level.
Consensus 2023 visitors discussed DeFi’s growth, its need to comply with regulations, and the challenges of balancing crypto-native concepts with traditional finance requirements.
Consensus 2023 guests highlighted their concerns over ‘decentralization theater’ in DeFi projects, emphasizing the importance of genuine decentralization in the development of the Web3 ecosystem
Ether and other major cryptos spent much of the day in positive territory.
May saw fewer exploits than April, suggesting better security practices among crypto users and developers.
Version 2 of Jimbos protocol was attacked over the weekend for $7.3 million, just days after going live.
Top holders of LADYs meme coins are sitting on unrealized profits worth millions of dollars.
Tron founder Justin Sun’s potential sale of MakerDAO’s token – movements of tokens to an exchange often come before sales – coincide with the DeFi protocol’s controversial restructuring.
A malicious proposal allowed an unidentified attacker to take over Tornado Cash, opening up the floodgates to a potential treasury drain.
The platform is awaiting an expected approval from the community, says Vega’s co-founder.