How censorship-proof is crypto? The war has begun

Aug 19, 2022

After the sanctions two weeks ago against mixer Tornado Cash, the discussion has flared up in the crypto world about how censorship-resistant crypto is. Addresses that were hit could no longer trade on Aave, for example. If it is already so easy to put down DeFi, what does this mean for the future of crypto? How censorship-proof are Ethereum and Bitcoin anyway?

MakerDAO is weighing in to drop USDC for Ethereum

Aug 12, 2022

MakerDAO is a decentralized stablecoin protocol that works fine. The protocol’s stablecoin is backed by digital assets like USDC. Recently it became clear that Circle, the issuer of USDC, would follow through and start to freeze funds on the Ethereum blockchain when the US Department of the Treasury sanctioned Tornado Cash. There is a huge debate going on whether this is a good thing or if a decentralized economy should be 100 % censorship resistant no matter what. Why is MakerDAO discussing turning in $3,5 billion USDC for Ethereum and is this a good idea?

UNI holders likely to vote in favor of fee switch

Aug 07, 2022

An overwhelming majority of UNI holders are voting in favor of the pilot to introduce a fee switch. This means that in the future, Uniswap's liquidity providers may receive a fraction less of the transaction fees paid by traders. The money this would free up could be used for the development of Uniswap.

Waves: Community votes to reboot Vires.Finance

Aug 03, 2022

Terra wasn’t the only protocol that saw a stablecoin crisis. Waves also took a big loss one month prior in April when the stablecoin Neutrino USD (USDN) started depegging. Another consequence was a liquidity crisis for the DeFi protocol Vires Finance. Vires provides similar services as Aave or Compound on Ethereum. It seems that the community came to a resolution on how to deal with this situation and revive Vires Finance.

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