MakerDAO Mulls Proposal To Boost DAI Savings Rate

Blend Drives Surge In NFT Lending Activity

Hello Defiers! Here’s what we’re covering today:

Record $760M Stolen in Exploits During ‘Hacktober’

Aave Rolls Up its Sleeves With Only 5% of Goals Met

HUSD Stablecoin Delisted After Losing its Dollar Peg

Sushi To Set Up Shop In the Cayman Islands and Panama

Vitalik Urges DeFi to Slow Down Integration with Traditional Finance

SBF Defends Regulation Proposals in Two-Hour Debate

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Art Gobblers Spikes to 5,000 ETH in Volume as NFT Collectors Pile In

Crypto Markets Look To Finish Strong After Sideways October

SBF’s Industry Standards Would Be Onerous for DeFi

Daily Defiant: Binance Stablecoin (BUSD) is Taking on the Top Dogs

Weekly Recap: zkSync Goes Live, Multichain Questioned, MakerDAO Roadmap, Apple NFT Rules, SBF Responds

Surging Popularity of Ethereum Staking Keeps Lid on Yields: CoinDesk

Twitter is planning to start charging $20 per month for verification: The Verge

Today we’re kicking off an audit contest with @code4rena. Contests and bounties are an important part of helping to secure the network: zkSync

Arbitrum Co-Founder Says Ability to Process Transactions is Finite

Multichain Questioned About Management of Millions in User Funds

zkSync to Launch ‘Baby Alpha’ V2 as Skeptics Decry Marketing Hype

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Bad Month for DeFi Security Highlights Pitfalls of Freewheeling Practices

 Call it Hacktober.The crypto market suffered a record $760M in exploits in October, according to 

, a blockchain security company which lists MakerDAO, DeFi’s largest protocol, as a customer.

 to users last month, the total value of stolen funds in 2022 surged to almost $3B. That’s nearly double the $1.5B hackers took in 2021 and nearly 12 times the 2020 total.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

V3 Deployment on Ethereum, a Stablecoin, and a Debit Card in the Works

 A v3 deployment on Ethereum, a stablecoin, and a debit card. Aave, the trailblazing DeFi lending protocol, has a lot of work to do. The No. 4 DeFi protocol with $5.4B in total value locked has only completed one-twentieth of the work in its long-term strategic plan, according to Marc Zeller, the lead of Aave’s integrations team.

Become a Goldfinch Member for enhanced yields

Goldfinch is a decentralized credit protocol with a mission to connect the world’s capital to the world’s growth, with yields generated by real-world lending to growing off-chain businesses, and loans fully collateralized by real-world assets. The protocol has been noted as having one of DeFi’s highest yields for USDC lending, with Investors earning a 7.8%—18.5% USDC APY, and up to 23% est. APY including GFI rewards.

: empowering Goldfinch’s Investors and aligning the protocol’s participants with the network’s long-term success.

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Upgrade your participation for enhanced yields from Member Rewards, and own the new global credit paradigm. Sign up for the 

Huobi Exchange Boots HUSD After Stablecoin Tumbles to 33 Cents

 In a flashback to the dark days of May, HUSD, a stablecoin with a $62M market cap, lost its peg to the U.S. dollar and was delisted from the Huobi exchange on Oct. 28. The stablecoin slipped its peg and skidded to 33 cents from 99 cents.

Ethereum Co-Founder Says Pursuit of Institutional Capital May Bring Onerous Regulation

 After weeks of keeping his own counsel amid regulatory action in crypto, Vitalik Buterin, Ethereum’s co-founder and chief scientist, finally shared his thoughts on the subject over the weekend. His message: Buterin believes crypto isn’t ready to be integrated into mainstream finance and should take its time to mature.

“If DeFi Front-ends Catering To Americans Need To Be Licensed, DeFi in America Dies,” says Erik Voorhees

 Regulation is coming, and before it does, the crypto industry must know what it’s willing to sacrifice, FTX CEO Sam Bankman-Fried (SBF) argued in a live debate with ShapeShift CEO Erik Voorhees Friday.

Restructuring Plan Receives Overwhelming Support

 a restructuring plan which will see the formation of three entities in the Cayman Islands and Panama, with each overseeing a core function of the protocol. The proposal garnered near-unanimous support from SUSHI holders, as more than 11M votes were cast in its favor, with a mere 178 votes against.

Hello Defiers! Here’s what we’re covering today:

News

Record $760M Stolen in Exploits During ‘Hacktober’

Aave Rolls Up its Sleeves With Only 5% of Goals Met

HUSD Stablecoin Delisted After Losing its Dollar Peg

Sushi To Set Up Shop In the Cayman Island...

🦹🏻‍♂️ Record $760M Stolen in Exploits During ‘Hacktober’