Vestnik Defi: AAVE offered a new stablecoin, and TVL continued to fall

The decentralized finance sector (Defi) continues to attract increased attention of cryptocurrency investors. FORKLOG collected the most important events and news of the last weeks in digest.

The main indicators of the Defi segment

The volume of blocked funds (TVL) in Defi Protocols fell to $ 77.26 billion. The leader became MakerDao with an indicator of $ 7.84 billion, and the second and third lines of the rating hold AAVE ($ 5.65 billion) and LIDO ($ 5.35 billion), respectively.

TVL in Ethereum applications decreased to $ 48.12 billion. Over the past 30 days, the indicator has decreased by 5% (June 16 was $ 50.52 billion).

The volume of trading on decentralized exchanges (DEX) over the past 30 days amounted to $ 56.7 billion.

Uniswap continues to dominate the non -keastodial exchanges market – it accounts for 67.8% of the total turnover. The second DEX in terms of bidding – Curve (14.6%), the third – Balancer.

AAVE offered to launch a decentralized GHO stabilcoin

AAVE developers invited the community to launch the GHO multisalized stabelco-stabelco-tied to the American dollar for the ecosystem of the Defi-protocol ecosystem.

“As a decentralized stablecoin on Ethereum, GHO will be created by users. As in the case of all borrowings in the AAVE protocol, it is necessary to provide security (in a certain ratio) in order to be able to mint GHO, ”the team explained.

The GHO will use a “diversified set of cryptoactives” supported by the protocol as a GHO. Users will continue to receive interest on tokens on the deposit.

All decisions regarding GHO, including interest rates, the level of security, etc., will accept Tao, the team noted.

“In case of approval, the introduction of GHO will make borrowing in stablecoins in the AAVE protocol more competitive, provide more opportunities for users and give an additional income for AAVE DAO, sending 100% percentage payments to GHO loans to the treasury of Tao,” the statement said.

The developers also proposed to provide a discount on the release of stablecoin to the AAVE token in stakeing. In their opinion, this stimulates the growth of Stkaave volumes, which will increase the security of the protocol.

It is assumed that GHO will control the release and burning of the “assistants” with the established limit of emission approved by the community.

MakerDao will distribute the backup 500 million DAI in bonds

The MakerDao Defi Platform community voted for investing 500 million DAIs in the “minimal risk bonds” unused in the treasury.

The initiative is aimed at softening the consequences of the bear market. $ 4 billion in DAI has accumulated on the balance of MakerDao. Additionally, for these purposes, $ 500 million in the DAI/USDC bullet can use.

57.67% of the voters supported the idea of ​​distributing assets in the proportion of 80:20 between state and corporate bonds of the investment category.

IOSCO will develop recommendations on cryptocurrencies and Defi

The International Organization of Securities Commissions pledged to develop regulatory standards for digital assets by the end of 2023. Plans are contained in the road map of the organization.

The task was entrusted to the target working group for the fintech created in March. Its chairman is the representative of the Cash-credit department of Singapore.

Within the framework of the group, two separate committees will be formed, which will head the US Securities and Exchange Commission and the UK Financial Supervision Office. They will provide reports with recommendations on Defi and cryptocurrencies.

Participants will focus on the integrity of the market and the protection of investors and offer ways to adapt existing regulatory frames for securities to digital assets.

Investments in Defi

Positioning itself as a Cedefi-tenge Unizen Based on BNB Chain, I agreed to attract $ 200 million from Global Emerging Markets (GEM) for ecosystem development.

GEM will provide funds in the form of “capital obligations”: Unizen will receive part of the financing immediately, some after reaching unsolved criteria.

The platform focuses on attracting both retail and institutional investors by searching and aggregating orders at the best prices at centralized and decentralized exchanges.

Unizen will direct the received funds to expand the command and the product line, as well as to accelerate the introduction of a trading aggregation system.

Supported by Kevin O’liri Defi Platform Wonderfi Technologies acquired the Canadian cryptocurrency exchange Coinberry.

According to Coindesk, the transaction amount amounted to $ 30 million.

Brokes and benches

Attackers sent malicious tokens under the guise of airrod from Uniswap for more than 70,000 addresses. Interested users were redirected to a fraudulent site where hackers stole funds.

Initially, the head of Bitcoin-Birzhi Binance Chanpen Zhao announced the potential vulnerability in the third version of Uniswap, with which the attacker allegedly withdrew 4295 ETH from the protocol. He later refuted the information and confirmed that the project is safe.

PeckShield said there was an attack on liquidity provider.

The creator of Uniswap Hayden Adams confirmed that we are talking about a phishing campaign. He advised not to follow the links that may be malicious.

July 3 team of the Decentralized liquidity protocol Crema Finance I suspended the application of the application due to a hacker attack using instant loans on the Solend landing platform.

On July 7, the cracker returned part of the stolen funds after negotiations with the Crema Finance team. He left himself 45,455 SOL (about $ 1.6 million) as a reward.

The Protocol team confirmed the receipt from the hacker 6064 ETH ($ 7 million) and 23,967 SOL ($ 879,000) four transactions.

Defi-protocol developers Yam Finance Prevented cyberataka aimed at transferring control over the reserves of the project of an unknown third party.

According to the team, the attack on July 7 was discovered two days later. The delay is due to the fact that the hacker submitted a proposal to control the protocol using internal transactions.

A malicious proposal contained an unverified smart contract designed to transmit control over the Yam Finance reserves to the address of the wallet connected to the cracker. If the attacker managed to collect a quorum to accept the proposal by a majority of the community, he would gain access to Yam Finance assets in the amount of $ 3.1 million.

Also on FORKLOG:

• MakerDao will provide a loan for $ 100 million from the USA.

The Biden administration

• The UK will study the taxation of cryptolending operations and stakeing in Defi.

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