Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
The past week in DeFi saw developers behind Base and Optimism protocols join hands to develop a revenue and governance sharing framework. The $1.5-billion Multichain hack has seen some new evidence — read our detailed investigation to learn about every aspect of the exploit and the plight of the victims thereafter.
Blockchain security provider Quantstamp introduced a new DeFi tool to detect flash loan attack vulnerabilities in several protocols. Shiba Inu’s Ethereum layer 2, Shibarium, is gearing up for a relaunch after its first public launch was met with FUD, technical errors and more.
The DeFi market had a mixed week as the total value locked in DeFi protocols remained in the same range as last week but saw a minor dip of about $70 million.
Base, Optimism unveil shared governance and revenue-sharing framework
Developers behind the Base and Optimism networks have jointly announced a revenue-sharing and governance-sharing agreement. Coinbase, the parent company of Base, has also published a list of “principles of neutrality” it will follow to prevent Base from…
