Busy week for Uniswap, and Platypus recovers 90% of hacked funds: Finance Redefined

Invite to Finance Redefined, your weekly dosage of important decentralized finance (DeFi) insights– a newsletter crafted to bring you the most substantial developments from the previous week.The past week in DeFi was dominated by developments in the popular decentralized exchange platform Uniswap after it revealed a 0.15% swap cost starting on Oct. 17, and an open-source hook on Uniswap generated debate due to Know Your Customer (KYC) checks.In other major DeFi advancements, Platypus Finance managed to recuperate 90% of the funds it lost to an Oct. 12 exploit while the layer-2 zero-knowledge Ethereum Virtual Machine (zkEVM) “Scroll” launched its mainnet.The top 100 DeFi tokens by market capitalization had a bullish week thanks to Friday momentum in the market, with a bulk of the tokens trading in green and taping double-digit gains on the weekly charts. It likewise hinted that withdrawal information concerning users possessions will quickly be posted.Continue reading Uniswap charges 0.15% swap charges beginning Oct. 17Decentralized exchange Uniswap began charging a 0.15% swap charge on particular tokens in its web application and wallet on Oct. 17. The hook enables users to be inspected for KYC before they can trade in token pools.Criticizing the hook, a user on X (previously Twitter) noted that the hook opens up the possibility of decentralized finance protocols being whitelisted by regulators.Continue readingDeFi market overviewData from Cointelegraph Markets Pro and TradingView reveals that DeFis leading 100 tokens by market capitalization had a bullish week, with a lot of tokens trading in the green on weekly charts.