Against a market correction<\/a> backdrop, the total value locked (TVL) in DeFi protocols fell to $197.42 billion. Curve Finance remains the leader with $19.17 billion. MakerDAO ($16.23 billion) ranked second, Convex Finance ($13.22 billion) third.<\/p>\n DeFi Llama includes a final value for a group of tokenized Bitcoins. WBTC with $10.46 billion ranked fifth. hBTC with $1.59 billion placed 19th. The total value of \u201cBitcoin on Ethereum\u201d stood at<\/a> $13.19 billion.<\/p>\n TVL in Ethereum applications fell to $115.75 billion. Over the last 30 days the metric fell by 15% (January 19 value was $135.94 billion).<\/p>\n Trading volume on decentralized exchanges (DEX) over the last 30 days was<\/a> $88.8 billion.<\/p>\n Uniswap continues to dominate the non-custodial exchange market \u2014 its share accounts for more than 79% of total turnover. The second DEX by volume is Curve (7.2%).<\/p>\n Deputy Finance Minister Alexei Moiseev said that the ministry with concern observe the development of the DeFi sector<\/a>, as it is associated with significant risks due to the lack of proper regulatory oversight.<\/p>\n He noted the risk of violations of anti-money laundering and counter-terrorism financing requirements, and the need to protect consumers of financial services.<\/p>\n \u00abThirdly, the central bank through macroprudential measures is currently regulating the financial sector with a view to controlling the possible emergence of bubbles and everything else, and the appearance of DeFi \u2014 it completely deprives it of these levers\u00bb, \u2014 said Moiseev.<\/p>\n<\/blockquote>\n The official noted that the DeFi sector requires a separate study due to the associated risks, while the Finance Ministry generally takes a relatively liberal stance on crypto assets:<\/p>\n \u00abAll that we proposed in our concept was to buy cryptocurrency within an existing decentralized system, but that does not move us towards legalizing DeFi\u00bb.<\/p>\n<\/blockquote>\n While the ministry does not yet know how to regulate the sector, Moiseev stressed.<\/p>\n The Wonderland DeFi project co-founder Daniele Sestagalli stated he is prepared to shut it down<\/a> in light of a serious split in the community.<\/p>\n In late January it emerged that Sestagalli\u2019s partner and treasury manager is Michael Patryn<\/a>. The man, who goes by the alias 0xSifu, is known as the co-founder of the bankrupt exchange QuadrigaCX. He has previously been convicted of financial crimes.<\/p>\n Because of community backlash, Sestagalli proposed Patryn step down before a vote on approval to the role. 87.56% opposed allowing 0xSifu to continue handling the protocol’s assets.<\/p>\n The next vote on the proposal to dissolve the project and return funds to investors followed. It was supported by over 34%, though at times the figure was higher.<\/p>\n \u00abThe Wonderland experiment is drawing to a close. The vote results show the community is split. It is the core and heart of the project. If we cannot agree on whether to continue or not, then we have failed,\u201d wrote Sestagalli.<\/p>\n<\/blockquote>\n He said, as the results were nearly 50\/50, there is \u201conly one way forward \u2014 compensate and wind everything down.\u201d He added that he is working with the team on a new proposal.<\/p>\n DeFi project 1inch Network introduced the spot-price aggregator<\/a>. The solution allows \u201cinstant\u201d display of token quotes in website and app interfaces, ForkLog representatives said.<\/p>\n The instrument provides a liquidity-weighted average price of a token across multiple DEXs.<\/p>\n According to the team, the need for the solution arose from a specific problem: not all aggregated 1inch tokens are supported by existing price-tracking systems.<\/p>\n The spot-price liquidity aggregator interacts with various DEX through smart contracts to obtain \u201cinstant\u201d data from the blockchain. If there is no direct pair between two tokens, the tool calculates data using an intermediary asset.<\/p>\n According to the project team, the main advantages of their solution are:<\/p>\n Among the potential use cases for the new 1inch aggregator are crypto wallets, price trackers and portfolio managers.<\/p>\n The startup Qredo<\/strong> raised $80 million<\/a> in a Series A round. It was led by 10T Holdings\u2019 Dan Tapiero.<\/p>\n Also participating in the round were Coinbase Ventures, Avalanche and Terra, Kingsway Capital, HOF Capital, Raptor Group and GoldenTree Asset Management.<\/p>\n The startup is valued at $460 million.<\/p>\n According to the team, in the last 12 months they raised $120 million, including from strategic investors.<\/p>\n Qredo provides infrastructure for managing digital assets and products designed \u201cto open new opportunities for institutional investors in cryptocurrencies and decentralized finance.\u201d<\/p>\n The Dego Finance team, specializing in cross-chain compatibility and NFTs, reported a hacking attack<\/a>.<\/p>\n As a result of the hack, attackers withdrew liquidity from DEGO pairs. The project team contacted Bitcoin exchanges to close deposits in the token.<\/p>\n According to PeckShield, more than $10 million in digital assets were stolen during the attack.<\/p>\n The QiDAO protocol for issuing a stablecoin on the Polygon network reported a hack of the authorization-transfer smart contract<\/a>, which uses the Superfluid money-flow management platform’s code.<\/p>\n According to SlowMist, the hacker withdrew about $13 million in various coins, including USDC, WETH and the QI DAO governance token.<\/p>\n According to the QiDAO team, user funds were not harmed. The incident affected early investors’ assets and some \u201cother tokens\u201d.<\/p>\n The project temporarily suspended cross-chain bridges and began investigating the incident.<\/p>\n![\"\u0412\u0435\u0441\u0442\u043d\u0438\u043a](\"https:\/\/forklog.com\/wp-content\/uploads\/1-624-1024x727.png\")
![\"\u0412\u0435\u0441\u0442\u043d\u0438\u043a](\"https:\/\/forklog.com\/wp-content\/uploads\/2-519-1024x364.png\")
Russia’s Finance Ministry sees risks in DeFi development<\/strong><\/h2>\n
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The Wonderland DeFi project founder contemplates shutting down<\/strong><\/h2>\n
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1inch Network launches spot-price aggregator<\/strong><\/h2>\n
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Investments in DeFi<\/strong><\/h2>\n
Hacks and Scams<\/strong><\/h2>\n