Recap: DeFi Week of Aug. 3 🦄

Hello Defiers! hope you’re having a great weekend! Summing up this week in DeFi: Developers continued building DeFi at breakneck speed. Bancor launched its V2, pledging to solve DEXs one big fault. Aave issued its first delegated credit, where DeversiFi was able to borrow $500k without putting up collateral. YFI clones kept making headlines. Alex Masmej added liquidity incentives to his personal token ALEX. But building often comes with breaking; options platform Opyn got hacked and lost $350k. July was a record month for DEXs, which are now making up 4% of CEX volume, The Block reported. DeFi is driving Ethereum transaction volumes to record highs, according to Dapp Radar. Fundraising in crypto is picking up, with Uniswap announcing its $11M Series A round. Roll’s Bradley Miles wrote about how personal tokens are being used to strengthen communities. This week’s podcast episode is with Andre Cronje, who spoke about the paralyzing fear of building money protocols and how he overcomes it.

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