DeFi Projects Will Develop Decentralized Frontends After Tornado Cash Fallout

A small but growing number of decentralized finance (DeFi) projects including dYdX, Liquidity, GMX, Kwenta and more, are working on decentralized frontends (DeFe) in the wake of sanctions against Tornado Cash. Earlier this month, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned the privacy-protecting coin mixer Tornado Cash (TC) in an unwelcome … Read more

Aave Responds to Blocking Addresses Over Tornado Cash Clampdown

DeFi lending protocol Aave Protocol said the TRM API on its app was responsible for blocking addresses that received ETH from unknown sources through Tornado Cash. In a Twitter thread on Saturday, the protocol claims that it receives blockchain intelligence from TRM Labs and has integrated TRM API into its frontend to ensure a safe and secure … Read more

This Week in DeFi – December 3

To the DeFi community, This week, 1inch announced closing a $175 million Series B funding round, led by Amber Group. The AMM aggregator will spend the additional capital scaling up the development team and developing new protocols to serve as an access point to DeFi for institutional investors. https://mobile.twitter.com/1inch/status/1466029911408324612   L2 non-custodial exchange DeversiFi announced … Read more