Finance Redefined: Lifeline for Terra projects, proposed Terra hard fork and more
Cointelegraph
Published May 20, 2022 04:15PM ET
Updated May 20, 2022 06:00PM ET
The past week in the decentralized finance (DeFi) ecosystem was dominated by Terra's collapse and its aftermath on various ecosystems it was connected. Now BNB chain has come to the rescue of several stranded projects on Terra by offering financial and technical assistance.
After its spiral collapse, Terra co-founder Do Kown proposed a revival plan and a hard fork to revive the blockchain. Chainalysis introduced new tools to monitor and track stolen funds across multiple blockchains. Swiss asset manager Julias Baer is eyeing crypto and DeFi potential.
h3 Do Kwon proposes Terra hard fork to save the ecosystem/h3 h3 BNB Chain offers another lifeline to Terra ecosystem projects/h3 h3 DeFi-ing exploits: New Chainalysis tool tracks stolen crypto across multiple chains/h3 h3 Swiss asset manager Julius Baer eyes crypto and DeFi potential/h3 h3 DeFi market overview/h3Continue Reading on Coin Telegraph
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Written By: Cointelegraph
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