The DeFi Frontier

Welcome back to another DeFi Frontier! In this edition, we'll dive into the latest news in crypto and DeFi. Bitcoin has recently peaked at just over $44,000, with a slight dip of around 4% since then. Ethereum has held steady at approximately $2,300 for the past two weeks. Tether has frozen wallets connected to the OFAC-sanctioned wallets, and Fidelity has met with the SEC to discuss potential amendments to their ETF application. Let’s dive right in. 

DeFi News ✨

Chainlink launches staking v0.2

Chainlink launched an early access staking program, which saw an impressive $650 million in LINK tokens locked into the Staking v0.2 protocol. Stakers from the previous version (v0.1), filled up half of the pool because they were given priority during this process.  [Read More]

Project Evergreen: Hong Kong's Green Bond Tokenization Explores DLT's Potential and Challenges

The Hong Kong Monetary Authority (HKMA) initiated Project Evergreen in February 2023 to explore integrating capital markets into Distributed Ledger Technology (DLT) through the tokenization of green bonds. The project aims to enhance efficiency and reduce user errors while addressing the regulatory challenges and the need for refining the current framework to facilitate wider adoption. [Read More]

Regulatory news ‼️

The US Gov removed two crypto AML rules from the national defense bill. 

Congress recently passed a defense bill with some changes to crypto regulations. Two key provisions were removed, one about reviewing crypto risks and the other about tracking anonymous transactions. This has sparked debates on how to handle money laundering and terrorist financing in the crypto world. [Read More]

Tether Freezes OFAC Wallets 

Tether proactively freezes wallets with OFAC sanctions. This move, as highlighted in this article, was to expand the working relationship with global law enforcement and regulators. [Read More]

Fidelity meets with SEC for more ETF discussions

Fidelity met with the SEC to discuss its proposed spot Bitcoin ETF, focusing on the efficiency of "In-Kind" creation and redemption models. This meeting coincided with a rise in Bitcoin's price due to market anticipation of SEC decisions on similar ETFs. Discussions have centered on technical details, with potential for both in-kind and cash creations in these funds. Fidelity also filed an amended S-1 form for its proposed ETF, indicating ongoing regulatory engagement. [Read More]

Tribal Finance is on Mainnet! 🎉🎉

It’s been a long year of dedication and hard work, and we’re finally happy to launch the lender app and protocol.

We’re just getting started. We kicked off the protocol with two lending pools where they can generate up to 14% in USDC. For more details, visit here.

The Learning Den 📚

This week, we’re including a great article by RWAworld that talks about the history of rwaworld.fi Check it out here.