Bitcoin & cryptocurrency news

BadgerDAO $120 Million Hack Calls for Decentralized KYC Solutions in DeFi

Decentralized Finance (DeFi) has taken the crypto ecosystem to a new level, featuring all sorts of financial services. This nascent sector took off in summer 2020 following the launch of the first governance token COMP, which set the stage for liquidity providing and yield farming. Today, the DeFi market has grown to over $150 billion in total value locked (TVL), according to Dappradar statistics.