Polytrade's RWA Digest Edition #8: DeFi's $110 Million Gut Check
Welcome to the eighth edition of our bi-monthly newsletter, where we'll explore the intersection of Real-world Assets and DeFi. LFG 🚀👀
RWA Highlights of The Week
The Collaboration Behind the Tokenization of Real-World Assets with Chainlink PoR Minting Function
Is Tokenization of Natural Resources the Future of Global Economy?
Curve Finance's $110 Million Hack Puts DeFi's Resilience to the Test
DeFi has become the center of attention this week as an exploit targeted the decentralized exchange Curve Finance. The Curve Finance hack served as a wake-up call for the DeFi ecosystem, underscoring the importance of securing smart contracts against sophisticated attackers.
In contrast to the 2008 monetary disaster, which witnessed government interventions to save banks, the DeFi space responded differently to crises. Despite the economic implications, the response from ethical hackers and the recovery efforts provided hope for better security measures to safeguard the DeFi ecosystem from future exploits. Rather than relying on centralized authorities, DeFi sought assistance from unconventional sources, including figures like Justin Sun, the TRON blockchain founder, and a collective of anonymous online personas.
Collaboration among stakeholders played a vital role in enhancing security and will ensure the continued growth and safety of DeFi.
Polytrade Updates
Polytrade in Binance Research's report: state of the market of Real-world Assets
Agreement with Defactor Labs to place their assets as collateral and utilize Defactor’s liquidity for funding trade finance RWAs
The last batch of assets on the RWA marketplace has been settled
Polytrade Stats
Lender Stats
🌊Deal Pipeline
$62,725,150
💸 Total Credit Lines
$10.543M
💰Trade Assets Funded
$3,250,588
🔢Number of Disbursements
171
🏊♀️ Number of Pools (Active)
Trade Finance Pool 7 Ended, V3 pools are coming soon with new tenures, rates, and redemptions
Marketplace Stats
🔥Total Asset Value Purchased
$139,733.68
🔥Average Return
12.50%
🔥Assets Sold
25
Community Stats
👛 $TRADE Wallets
Polygon: 2,832 | BSC: 535 | ETH: 352
👯♀️ Community
Twitter: 61,586 | Telegram: 6,099 Members | Discord: 792 Members | Linkedin: 5,154
Suggested Reading
Professional Institutions are Using the Revamped Polytrade Marketplace
Where are real world assets growing and their future trends?
Two Ethereum altcoins are leading the new DeFi resurgence, according to Glassnode
DeFi Adoption: Polygon Backs Institutional Decentralized Crypto Exchange (DEX) D8X Deal
Substack of the week:
🔓 Get the full potential of your investments by capitalizing on the highly secure RWA USD yields offered by Polytrade.