DeFi

DeFi
Norway’s Central Bank Taps Ethereum Layer 2 For CBDC Trial
Norway’s central bank is embracing Ethereum’s Layer 2 for its central bank digital currency (CBDC) pilot. On May 16, Nahmii, an Ethereum L2, announced it had been tapped by Norges bank to host the sandbox for the country’s national currency, the krone. Nahmii said in a statement that it will “build, maintain, and train Norges…

DeFi
VillageDAO Aims To Decentralize Customer Service
ConsenSys-backed VillageDAO will provide customer care services to other web3 projects – with the first client being Metamask.

DeFi
Coinbase Rolls Out Ethereum Dapp Wallet
On May 16, Coinbase shared a wallet for its mobile app that lets customers access Ethereum-based dapps.

DeFi
Aurora+ To Offer 50 Free Monthly Transactions and Airdrop For Early Users
Aurora+, a Near Protocol EVM platform, offers 50 free transactions a month, a staking interface, airdrops and NFTs.

DeFi
UK Proposes Regulations That Would Recognize Stablecoins As A Form Of Payment
“Legislation to regulate stablecoins, where used as a means of payment, will be part of the Financial Services and Markets Bill which was announced in the Queen’s Speech,” a spokesman for Her Majesty’s Treasury told The Telegraph.

DeFi
Do Kwon Wants to Save Terra by Creating a New Chain With 1B of Tokens for LUNA and UST Holders
The Terra ecosystem’s notorious leader is trying to salvage the resources and talent left behind in the wreckage that is UST’s depegging.

DeFi
Terra Network Restarts After Second Shutdown; Binance Delists LUNA and UST Pairs
Terra Stops and Starts to Salvage Network.

DeFi
Lido Increases Liquidity Incentives as stETH Trades at Discount to ETH
Lido Finance has announced $1.3M in new incentives to improve stETH:ETH liquidity.

DeFi
Terra Temporarily Halts Blockchain To Prevent Governance Attack
The Terra blockchain was halted to deploy an emergency upgrade intended to forestall governance attacks.

DeFi
USDT Briefly Slips Below $1 Peg as Terra Contagion Spreads
Crypto's largest stablecoin USDT traded as low as $0.95 overnight before recovering.