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.
Industry experts are confident in DeFi and believe the sector would continue to see adoption despite its security flaws, primarily due to the mammoth failure of centralized exchanges. Despite the continued growth, however, the decentralized exchanges have lost $30 million on liquidity provider incentives.
Popular hardware crypto wallet Ledger introduced a new DeFi tracking feature that pairs with its hardware wallets to monitor performance analytics of over 1,000 protocols.
The Lodestar Finance protocol that was exploited for over $5 million on Dec. 10 had a Mango Markets connection, wherein the exploiter copied the methods used by the Mango Markets’ hacker to drain funds.
The DeFi market had a mixed week in terms of price action, where the majority of the tokens remained in the same price range as last week but lost bullish momentum.
Industry execs voice confidence in DeFi adoption despite security flaws
With DeFi being a hub for various hacks and exploits, some may feel discouraged or wary of entering the space. However, professionals within the crypto space are confident…
