This Week’s DeFi Drama
Oh, the world of decentralized finance (DeFi) never sleeps, and this past week was no exception. The spotlight shone brightly on Uniswap, which has decided to spice things up with a new 0.15% swap fee starting October 17. Just when you thought DeFi was getting too cozy, the hook for Know Your Customer (KYC) checks stirred up a bit of controversy. We like a good drama!
Platypus Finance’s Heroic Comeback
In an inspiring tale of redemption, Platypus Finance has recovered an impressive 90% of the funds it lost due to an exploit on October 12. That’s right, folks. The hackers may have temporarily disrupted their party, but the team managed to reclaim nearly all the “stolen” assets. The total loss? A mere 18,000 Avalanche tokens, which amounted to about $167,400 at the time. Remarkably, the hacker returned the funds without needing a superhero to swoop in! Platypus has taken the high road by promising not to pursue legal action—how magnanimous!
Let’s Talk Ethereum’s LSDFi Surge
Those familiar with Ethereum’s liquid staking derivatives finance (LSDFi) sector witnessed something incredible this week. According to a report from CoinGecko, the LSDFi ecosystem has grown a staggering 58.7x since January! That’s growth you’d barely see in your houseplants! With 43.7% of the total 26.4 million Ether staked attributed to liquid staking derivatives, Lido is basking in its dominance, holding nearly a third of that. So, if you’re not staked, what are you waiting for? A sign from the DeFi gods?
zkEVM Scroll Makes Waves
As if we needed more excitement, the zero-knowledge Ethereum Virtual Machine (zkEVM) known as
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