Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.
Chainalysis chief scientist shared his views on the Tornado Cash saga and said that the incident has left a void for illicit fund mixing services, but the real impact of the sanctions could be determined in the long run.
The staking ecosystem of Ethereum post Merge could have a significant impact on the crypto economy, according to a new report. Institutional lending platform Mapple Finance launched a $300 million lending pool for Bitcoin mining farms.
The Tribe DAO, a decentralized autonomous organization, voted in favor of repaying affected users of the $80 million exploit on DeFi platform Rari Capital’s liquidity pools. BNB Chain launched a new community-led security initiative called Avenger DAO.
Top-100 DeFi tokens by market cap have a mixed week in terms of price action, where many tokens traded in red while a few others showed weekly gains.
Tornado Cash left a void, time will tell what fills it — Chainalysis chief scientist
The sanctions on cryptocurrency mixer Tornado Cash have left a vacuum for illicit fund mixing services, but more time is needed before we’ll know the full impact, according to Chainalysis’ chief scientist.
During a demo of Chainalysis’ recently launched blockchain analysis platform Storyline, Cointelegraph asked Chainalysis chief scientist Jacob Illum and country manager for Australia and New Zealand Todd Lenfield about the impact of the Tornado Cash ban.
Tribe DAO votes in favor of repaying victims of $80M Rari hack
After months of uncertainty, the Tribe DAO has passed a vote to repay affected users of the $80 million exploit on DeFi platform Rari Capital’s liquidity pools.
Following several rounds of voting and governance proposals, Tribe DAO, which consists of Midas Capital, Rari Capital, Fei Protocol and Volt Protocol, took the decision to vote on Sunday with the intent to fully reimburse hack victims.
Staking providers could expand institutional presence in the crypto space: Report
The Ethereum blockchain’s carbon footprint is expected to reduce by 99% following last week’s Merge event. By positioning staking as a service for retail and institutional investors, the upgrade could also have a significant impact on the crypto economy, according to a report from Bitwise on Tuesday.
The company said it projects…
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