China News Daily TheBitTimes.com

Uniswap’s founder burned $650 billion of HayCoin, amounting to 99% of the token’s supply. 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 was filled with bullish resurgences for many projects , but it was the Uniswap founder’s $650 billion HayCoin (HAY) burn — 99% of the token supply — that grabbed headlines. In other news, a new report highlighted that 85% of the rug-pulled DeFi projects in Q3 didn’t report an audit, and the largest DeFi protocol on Solana has shut down its United Kingdom operations due to strict regulations imposed by the Financial Conduct Authority (FCA). The top 100 DeFi tokens had a bullish week, with most of the tokens trading in green with double-digit weekly gains. 85% of crypto rug pulls in Q3 didn’t report audits: Hacken Cryptocurrency rug pulls are not too difficult to spot by investors, as the...

Author: @0xMavWisdom LayerZero, also known as the “king of the full-chain,” completed a $120 million Series B financing on April 4th, led by a16z Crypto and Sequoia Capital, bringing its valuation to $3 billion . As a full-chain interoperability protocol, LayerZero has integrated with multiple protocols in the DeFi and NFT fields, including some excellent projects . This article will introduce LayerZero’s main projects . Bridge Stargate Stargate is the first dApp built on LayerZero and also a fully composable native asset bridge. With LayerZero’s Series B funding, Stargate’s daily interactions have surged. Currently, users can transfer various assets, including USDC, USDT, DAI, STG, RDNT, FRAX, and more, across 8 public chains that including Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Fantom, Metis, and Avalanche. A 0.06% fee will be charged for non-STG asset transfers. Additionally, users can provide liquidity on different public chains through Stargate and receive staking rewar...