🦄 Recap: DeFi Week of May 1

Hello Defiers! Happy weekend! Or is it??? For those of us who dared to hope the bear market would be short-lived this week was a serious bummer. The Federal Reserve raised its benchmark interest rate by 0.50 percentage point to combat inflation, and while that wasn’t a surprise given the surge in inflation to 39-year-highs, the market got spooked by fears that a recession may be in the offing as well. Owen Fernau

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