Finance Redefined: Hacker bungles DeFi exploit, dYdx's decentralization goals, and more

Cointelegraph

Published Apr 22, 2022 04:45PM ET

Updated Apr 24, 2022 07:00PM ET

The decentralized finance (DeFi) ecosystem was filled with ups and downs —mostly the latter— this week, with two very distinct hack attempts and a heartbreaking departure of a DeFi veteran.

In this week’s newsletter, we will also look at derivative exchange dYdX’s plans to go fully decentralized by the end of the year. The price momentum of the DeFi tokens remained neutral, with several tokens registering a bullish surge. However, the market volatility meant many of them couldn’t hold onto those gains.

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