Finance Redefined: Uniswap Foundation seeks $62 million in funding, Chainlink downplays concerns, and more

Chainlink downplays worries after users notice quiet change to multisig

Decentralized oracle network Chainlink has downplayed a recent change in the number of signers required on its multisig wallet — a move that garnered backlash on social media from vocal critics.

Uniswap Foundation targets $62 million in additional funding

Decentralized exchange (DEX) Uniswap is seeking an on-chain vote to approve the second tranche of the $74 million funding for its developer, Uniswap Foundation.

Curve Finance founder cuts debt to $42.7 million, settles entire Aave loan

Michael Egorov, the founder of DeFi protocol Curve, recently settled his loans on the lending platform Aave, reducing his debt to $42.7 million across other protocols.

Mixin Network offers $20 million bug bounty to hackers in $200 million hack

Mixin Network, a decentralized cross-chain protocol, in a message to the hacker behind the $200 million exploit on Sept. 23, has offered a $20 million bug bounty for the return of the remaining funds.

Crypto exchange Upbit stems fake APT token flood, resumes services

South Korean cryptocurrency exchange Upbit has resumed Aptos APT (APT) deposits and withdrawals after fixing an issue that saw a scam APT token incorrectly recognized as legitimate.

DeFi market overview

Data from Cointelegraph Markets Pro and TradingView shows that DeFi’s top 100 tokens by market capitalization had a bullish week, with most tokens trading in the green on weekly charts. The total value locked into DeFi protocols reached $45.7 billion.

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights, and education regarding this dynamically advancing space.