š° Finance Redefined: Your Weekly DeFi Insights
This week in DeFi, major developments are reshaping the space:
š¹ The World Economic Forum (WEF) is advocating for a āsandbox-first approachā for DeFi, urging regulators to experiment with regulatory sandboxes to drive innovation while managing risks.
š¹ IDA Finance is integrating Chainlink services for its HKDA stablecoin, improving transparency and security in cross-chain operations with Proof-of-Reserves technology.
š¹ The Trump-backed World Liberty Financial submitted a governance proposal to Aave, aiming to launch its project on the Ethereum mainnet, potentially expanding liquidity for major assets like ETH and WBTC.
š¹ RedStone Oracles launched Bitcoin staking oracles, allowing users to stake BTC for liquid-staking tokens like LBTC, bringing BTC into DeFi lending and more.
Stay tuned for more updates in this evolving space!
