Number of DAOs surge, Solana launches $100M DeFi fund By Cointelegraph

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Finance Redefined: Variety of DAOs surge, Solana launches $100M DeFi fund

This previous week, the decentralized finance (DeFi) ecosystem was dominated by decentralized autonomous organizations and new fund launches for the expansion of the Web3 ecosystem. The full variety of DAOs surged by eight occasions whereas launched a $100 million DeFi fund.

Optimism, an layer-2 protocol that Vitalik Buterin lately praised for its governance mannequin, misplaced 20 million tokens as a result of a mix-up of layer-1 and layer-2 addresses. A leaked 600-page copy of a United States crypto draft invoice additionally grabbed the group’s consideration, because it proposes heavy regulatory scrutiny for DeFi and DAOs.

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