Vestnik Defi: TVL slowed down, and the heads of the ECB and the Fed called for the speed of the regulation of Defi

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 $ 54.9 billion. The leader became MakerDao with an indicator of $ 7.67 billion, and the second and third lines of the rating hold LIDO ($ 6.06 billion) and Curve ($ 5.99 billion), respectively.

TVL in Ethereum applications fell to $ 31.65 billion. Over the past 30 days, the indicator has decreased by 6% (September 8 was $ 33.63 billion).

The volume of trading on decentralized exchanges (DEX) over the past 30 days amounted to $ 40.6 billion.

Uniswap continues to dominate the non -keastodial exchanges market – it accounts for 63.4% of the total turnover. The second DEX in terms of bidding – Curve (13%), the third – Dodo (9.5%).

The Heads of the ECB and the Federal Reserve has called for the enhance the regulation of the Defi sector

The chairmen of the leading Central Bank during the online statement organized by the Bank of France called the intensification of the regulation of the Defi sector against the backdrop of its development.

The head of the US Federal Reserve (Fed) Jerome Powell announced the availability of structural problems in the Defi-transist. In his opinion, one of them is the lack of transparency.

“The good news, I believe, is that from the point of view of financial stability, the interaction between the Defi ecosystem and the traditional banking system is currently not so great,” said the chairman of the Fed.

However, Powell warned that such a situation “would not persist endlessly”. He pointed out the presence of a “real need for more suitable regulation” as the decentralized finance sector expands.

In the speech of the chairman of the Federal Reserve, a parallel was traced with the recent conclusions of the researchers of the department. In their opinion, the lack of a clear regulatory framework threatens long-term risks for financial stability by Defi.

President of the European Central Bank Christine Lagarda recalled Terra’s collapse. In her opinion, this case “justifies” the tightening of regulation.

“If we do not participate in this game, if we do not participate in experiments, innovations from the point of view of digital money of the Central Bank, we risk losing the role of the anchor that have played for many, many decades,” she said.

The head of the Bank of International Settlements Agustin Karstens also made a hint of an incident with Terra. He noted the role of stablecoins in Defi and indicated that their provision is “often ineffective”. The official suggested that the sector has “structural problems and internal weaknesses”.

Opinion: CBDC will bring stability to the Defi sector

Member of the Board of the National Bank of Switzerland Thomas Moser said that CBDC can interact with the Defi sector and provide it with greater stability.

According to him, centralization and decentralization in digital currencies “can work together”. As an example, he cited USDT and USDC stablecoins.

However, the digital currency of the Central Bank wins on “stable coins”, because “does not entail the risk of a counterparty,” added Moser. He noticed that Bitcoin and Ethereum are not suitable to support the steady growth of Defi due to volatility.

MakerDao will invest $ 500 million in American securities

The community of one of the https://gagarin.news/ru/news/an-intrigue-from-the-creator-of-shiba-inu/ oldest Defi projects-MakerDao-approved an offer to transfer stabilcoins from reserves to $ 500 million to short-term treasury bonds of the United States and corporate bonds.

The Tao, working as part of the project, gave a green light of a test transaction for $ 1 million. The rest of the funds will be placed in securities in the coming days.

MakerDao participants explained the initiative with the desire to strengthen the balance of the project using liquid and low -risk traditional assets.

To implement the plan, the project concluded a partnership with the consulting company Monetalis specializing in Defi.

80% of the allocated amount will be placed in short -term treasury bonds of the United States, the remaining 20% ​​- in corporate boonds. The amount of $ 500 million will be divided equally between managing assets of Sygnum Bank and Baillie Gifford with the participation of Monetalis.

Investments in Defi

According to TechCrunch sources, team Uniswap Labs located in the early stages of negotiations on attracting from $ 100 million to $ 200 million when estimated at ~ $ 1 billion.

Interest in participation in investrand is allegedly showed by PolyChain and an unnamed sovereign fund Singapore. They plan to send the raised funds to expand the product line.

Cryptostartap Immunefi, Helping Defi projects to launch programs to search for errors on his platforms, closed the round of operations of series A for $ 24 million.

The raised funds will be directed to the development of a new version of the platform, expanding the team from 50 to 100 people and increasing the size of remuneration to “white” hackers.

Exponential, The platform for searching for investment and risk assessment in the Defi Secret, attracted $ 14 million under the SEED-Randa under the leadership of Paradigm.

The financing was also provided by Haun Ventures ex-partner Andreessen Horowitz Katie Haun, FTX Ventures, Solana Ventures, Polygon, Circle Ventures and more than 80 business angels.

Brokes and benches

Decentralized Cross-Birzha Transit Swap lost about $ 21 million as a result of a hacker attack. The attacker took advantage of the error in the smart contract of the service.

Later, the team talked about the return of 70% of the stolen funds by the hacker. He was offered to contact the developers.

Also on FORKLOG:

• The Bancor Defi Protocol community proposed burning 1 million BNT tokens.
• 1inch integrates the Unstoppable Domains service.
• Opium Protocol added support for Soulbound Tokens from Binance in NFT-authors.
• The co-founder of the Busy Birgin Quadrigacx launched the Defi Protocol.

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