This week in DeFi saw developers behind Base and Optimism protocols join forces to create a revenue and governance sharing framework. Additionally, the $1.5 billion Multichain hack has seen some new evidence, and blockchain security provider Quantstamp has introduced a new DeFi tool to detect flash loan attack vulnerabilities in several protocols. Shiba Inu’s Ethereum layer 2, Shibarium, is also gearing up for a relaunch after its first public launch was met with FUD, technical errors and more.The DeFi market had a mixed week as the total value locked in DeFi protocols remained in the same range as last week but saw a minor dip of about $70 million. Base and Optimism developers announced a revenue-sharing and governance-sharing agreement, and Coinbase published a list of “principles of neutrality” to prevent Base from becoming centralized.The Multichain exploit saw the arrest of the CEO, identified as “Zhaojun He,” and the core team operating in Shanghai. Evidence suggests that Multichain funds may have been seized as part of an anti-money laundering operation in the context of a greater crackdown on crypto by Chinese authorities.Quantstamp has launched an automated service to detect flash loan attack vectors in smart contracts. The service is called Economic Exploit Analysis and is based on research done at the University of Toronto. It will be available to protocols, whether they have been deployed or not, and will be available on any Ethereum Virtual Machine (EVM)-compatible blockchain.The Shiba Inu team has announced that the Shibarium L2 network is running smoothly and just needs to be made public. The platform is currently live and in private mode, having functioned smoothly during its two-day test.Overall, DeFi’s total value locked in DeFi protocols saw a bullish surge in the past week, with the total value locked into DeFi protocols touching $49.1 billion.
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 10 |
| People | Zhaojun He, Coinbase, Quantstamp, Shiba Inu, Optimism Collective |
| Companies | Base, Optimism, Coinbase, Quantstamp, Shiba Inu |
| Currencies | None |
| Securities | None |
