Sushi to test Bitcoin swaps and Opyn DeFi protocol founders cave to CFTC pressure: Finance Redefined
Most of the top 100 DeFi tokens had a bullish week due to the overall positive momentum in the crypto market, with TVL remaining above $50 billion....
- A new DeFi report highlights that a significant amount of crypto lost to exploits was due to traditional Web2 flaws and security issues.
- Sushi, a decentralized exchange (DEX) platform, is testing Bitcoin swaps on 30 blockchains using the interoperability platform ZetaChain.
- The founders of the Opyn DeFi protocol have stepped down from their positions following enforcement action by the CFTC.
- The DeFi ecosystem continues to flourish, with most tokens trading positively on the weekly charts.
- A report suggests that nearly half of all crypto lost from Web3 exploits is due to Web2 security issues.
- Sushi has partnered with ZetaChain to explore native Bitcoin swaps across multiple blockchain networks.
- The founders of Opyn are leaving the crypto space after settling an enforcement action.
- Ethereum layer-2 networks have reached $13 billion in total value locked (TVL) within their contracts.
- DeFi's top 100 tokens had a bullish week, with the total value locked remaining above $50 billion.
The overall sentiment of the article is mixed. While there are positive developments in the DeFi ecosystem and the growth of Ethereum layer-2 networks, there are also concerns about security issues and enforcement actions.