![R&I DeFi Weeky Banner](https://contenthub-static.crypto.com/wp_media/2022/06/RNI-DEFI-Weeky-banner.png)
Key Takeaways
- MakerDAO (MKR) users rejected multiple proposals to centralise the protocol’s structure, while exploring diversification by investing in bonds.
- Tether (USDT) reduced its paper holding to US$8.4 billion following its announcement to remove all commercial paper from its reserves.
- Aave (AAVE) launched Aave Arc, a new lending and liquidity service approved by 30 financial institutions.
- This week’s price, volume, and volatility indices were negative at -14.77%, -25.75%, and -42.56%, respectively.
Highlights
- Crypto firm Voyager Digital secures a US$500M line of credit from Alameda Ventures to cope with 3AC exposure
- FTX walked away from a deal with Celsius after seeing state of its finances: sources
- FTX seeks to acquire troubled crypto lender BlockFi: sources
- Circle denies comments USDC stablecoin is troubled amid market downturn
- Azuro raises US$4M for ‘decentralised sportsbook protocol’
- Centrifuge introduces Connectors mechanism to integrate RWAs into DeFi
- Crema Finance shuts liquidity protocol on Solana amid hack investigation
- Napster reinvents itself as a Web3 company — complete with a $NAPSTER token
- Wonderland puts US$25M in new Sifu project
- Gnosis Safe adds support for Integral SIZE to simplify DeFi trading
Check the latest prices on Crypto.com/Price
![Image 11](https://contenthub-static.crypto.com/wp_media/2022/07/image-11.png)
*Top DeFi tokens based on CoinGecko
Source: CoinGecko
![Image 9](https://contenthub-static.crypto.com/wp_media/2022/07/image-9.png)
* DeFI index tokens: AAVE, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI
![Image 8](https://contenthub-static.crypto.com/wp_media/2022/07/image-8.png)
* % change is based on the difference between two consecutive weekly periods
** Omitted due to incomplete source data
Sources: CoinGecko, DeFi Llama, Nomics
![Image 7](https://contenthub-static.crypto.com/wp_media/2022/07/image-7.png)
TVL does not include borrowed assets value
* % change is based on the difference between two consecutive weekly periods
** Omitted due to incomplete source data
*** LDR = Total Borrowed / TVL
Sources: CoinGecko, DeFi Llama
Author
Research & Insights team