(USDT) Tether News Are Quite Surpising! Is MakerDAO (MKR) Going To Be Centralised? What Is Just Launched Aave Arc?

Key Takeaways 

• MakerDAO (MKR) users rejected multiple proposals to centralise the protocol’s structure, while exploring diversification by investing in bonds.
• Tether (USDT) reduced its paper holding to US$8.4 billion following its announcement to remove all commercial paper from its reserves. 
• Aave (AAVE) launched Aave Arc, a new lending and liquidity service approved by 30 financial institutions.
• This week’s price, volume, and volatility indices were negative at -14.77%, -25.75%, and  -42.56%, respectively.

Highlights

• Crypto firm Voyager Digital secures a US$500M line of credit from Alameda Ventures to cope with 3AC exposure
• FTX walked away from a deal with Celsius after seeing state of its finances: sources
• FTX seeks to acquire troubled crypto lender BlockFi: sources
• Circle denies comments USDC stablecoin is troubled amid market downturn 
• Azuro raises US$4M for ‘decentralised sportsbook protocol’
• Centrifuge introduces Connectors mechanism to integrate RWAs into DeFi
• Crema Finance shuts liquidity protocol on Solana amid hack investigation
• Napster reinvents itself as a Web3 company — complete with a $NAPSTER token
• Wonderland puts US$25M in new Sifu project
• Gnosis Safe adds support for Integral SIZE to simplify DeFi trading

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Author

Research & Insights team