Penpie is currently on hold and seeking negotiations with the hacker to recover the stolen funds. Pendle continues to operate as usual.

As liquidations mounted to $400 million, DeFi protocols performed reliably, safeguarding user assets against losses.

They used substantial token holdings to pass a proposal withdrawing 5% of Compound Treasury for yield strategies. This move raised concerns as governance lost control of the treasury funds without clear returns, likely for the personal gains of a small group of people.

Quickly becoming a top contender, Symbiotic leverages Lido’s backing to position itself against EigenLayer in the restaking market.

By introducing these features, the company ensures that users understand the impact of their transactions and remain protected from suspicious smart contracts, phishing websites, and compromised dApps.

A relatively small segment of decentralized finance aims to replicate the processes and workflows of traditional financial institutions in the digital asset realm.

Solv Protocol emerges as a major player in DeFi. The recent partnership with Ethena allows Bitcoin owners to earn between 10-15% APY by using Ethena’s strategies through Solv’s new yield vault.

Despite pushback, the decentralized exchange introduced Sushi Labs, its new council-based governance system, and a multi-token system.