GM Defiers!
MakerDAO's MKR token has broken the $1,000 mark for the first time since October 2022. Meanwhile, Layer 1 blockchain Avalanche is betting on asset tokenization with a $50 million incentive scheme.
However, it's not all sunny in DeFi, as we dissect the aftermath of the recent exploits on Conic Finance, a painful reminder of the inherent risks that come with the quest for high yields.
✍️ In today’s newsletter:
- Rune proposes a temporary increase to the DSR to boost growth
- Avalanche launches $50M fund to purchase tokenized RWAs
- Conic Finance exploited for $4M
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