DeFi

Oryen Network

Oryen Network a new upcoming staking protocol enabling investors to yield high-passive income through a new auto-compounding tool announced the roll-out of its 7th presale’s phase later on this week.

Ankr

Earlier last week, Ankr reported a successful $5M hack of its aBNBc token contract through an unlimited mint bug and halt trading for several days before resuming operations earlier this week and reimbursing all affected users.

Aave & Compound

DeFi giants Aave and Compound recently decided to cap loans and freeze a number of token markets in order to enhance the overall security of their cryptoeconomic designs and prevent liquidity attacks such as the one attempted earlier this year by Avraham Eisenberg

Web3

Aurox

Aurox a leading DeFi-focused software development company, aiming to compete with Metamask, recently unveiled its new web3 wallet extension enabling users to profit from industry-leading security features as well as from an innovative reward program being applied on each transaction.

Permaswap

Arweave’s first cross-chain DEX Permaswap, recently announced the successful ending of its second testnet phase and officialy announced the upcoming release of its Beta version.

RedStone

Earlier this week, Redstone announced a new partnership with the Fantom network aiming to enable developers to build data-driven decentralised applications on top of the Fantom network in a fast and reliable way.

Ecosystem

Vitalik

In a recent blogpost, Vitalik Buterin, co-founder and chief scientist of Ethereum, weigh-in on the decentralised voting system debate arguing that token value should not be tied to their democratic utility given the risk of attacks by specialised investors and the negligible leverage of retails users in those type of governance framework relaunching as such the heated debate around the best type of possible decentralised governance.

US regulators

The Financial Crimes enforcement Network (FinCEN) recently stated that it is looking carefully at DeFi and referred to digital currencies as its key priority area making some market participants fear a strengthening of the future regulatory framework for DeFi companies in the US.

Market

• BTC     $17,237

• ETH $1285

• BNB. $290

• ADA. $0.31

• SOL $13.89

Perennial

Perennial, a decentralized-finance derivative trading platform recently successfully closed a $12 million seed funding round that led by Polychain Capital and Variant.

Auros Global

Crypto trading firm Auros Global appears to be suffering from FTX contagion after missing a principal repayment on a 2,400 Wrapped Ether (wETH) DeFi loan.

Disclaimer: All information/documents contained in this blog rely solely  on my personal beliefs, and do not constitute professional investment advice.

Be careful in your investment and do not invest more than you can afford to loose.