Hello defiers, hope you’re having a great weekend! Summing up last week: Centralized exchanges blunders highlight risks and benefits of dexes. MakerDAO’s stability fee cut makes it the cheapest place to borrow Dai out of major DeFi platforms, and CDPs are now called “vaults.” 0x prepares for an upgrade and Synthetix raises funds. Ether locked makes a new record, while the cryptocurrency lags a bitcoin rally. Tether’s transition to Ethereum is almost complete. Dai is an attractive alternative for Argentines having to deal with currency controls again.
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