Today in DeFi - Revert Exploit, Hong Kong to Relax Crypto Ban, NFT Lending, and More...
Revert Exploit
AMM liquidity management protocol Revert confirmed that their “v3utils” contract was hacked, and 90% of the funds were stolen from a single account. The team stated that they would compensate each victim and provide a post-mortem soon.
HK to Unban Retail Crypto Trading
Hong Kong SFC proposes to relax the ban on crypto trading for retail investors and is inviting industry & experts to weigh in on the new policies until March 31.
New mandatory licensing provisions announced last year for HK centralized crypto service providers will come into effect on June 1.
Timeswap Live on Polygon
Lending AMM Timeswap launch V2 on Polygon. V2 enables early exit for lenders & LPs, recycling repaid assets for more capital efficiency, and bidirectionality.
OpenSea Fee Changes
OpenSea now cancels trading fees and moves to a minimum 0.5% creator earnings model with the option for sellers to pay more. OpenSea also hints at a potential airdrop/reward campaign.
Token Emissions Reduction, Potential NFT Airdrop, and More…
Keep reading with a 7-day free trial
Subscribe to Today in DeFi to keep reading this post and get 7 days of free access to the full post archives.