🐢 This Week in DeFi 🐢 Total Value Locked (TVL) across DeF | Nexus Mutual na Binance Square

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🐢 This Week in DeFi 🐢
Total Value Locked (TVL) across DeFi stayed stable at around $84.8B with liquid staking, restaking, and lending commanding much of the TVL

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🐢 This Week in DeFi 🐢 Can you believe it’s already Friday again? Time flies when you’re busy… Let’s take a look at what happened this week in DeFi 👀

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Hack Recap: CREAM V1 2021 In Oct 2021, CREAM finance was hacked for $130M, the 3rd largest ever DeFi hack at the time. The attacker minted a large amount of crYUSD & exploited a vulnerability to double the value of the tokens Nexus paid out $397K in claims to cover holders 🤝

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Engineering Update If you were an active Nexus Mutual user during our V1 days (pre March 2023) and see $NXM transferred to your wallet, it’s because we are deprecating support for the V1 contracts Over the next week, our team will be covering gas fees to claim and transfer any NXM associated with users past participation as cover buyers, risk assessors, or claim assessors when Nexus Mutual V1 was live Users can verify that the NXM in their wallet is the official token by checking the smart contract address: 0xd7c49CEE7E9188cCa6AD8FF264C1DA2e69D4Cf3B Haven't been active in the Nexus Mutual community since the V2 launch? We’ve made lots of updates, so you should come see the new ways to put your NXM to work 🚀 Here are some ways you can use your NXM in V2, and you can check out the link below: - Buy Cover - Stake and Delegate NXM to a Staking Pool Manager - Create your own staking pool, manage your NXM and accept delegations from others - Redeem NXM for ETH through the Ratcheting AMM Thank you for being part of Nexus Mutual 🤝

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