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According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “identified a number of key weaknesses” associated with Alameda. Orthogonal Credit Found ‘Key Weaknesses’ Tied
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Cryptocurrency exchange Bitfinex said it will receive $189 million worth of Polygon's MATIC tokens to sponsor enhanced staking rewards for users.According to a blog post, Bitfinex will receive 90 million MATIC for the new staking program. Polygon is a "layer 2" scaling tool for the Ethereum blockchain, designed to speed
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On the other hand, “LexpunK,” another effort, is a “Builder Defense DAO” with the stated intent of waging “guerilla lawfare” against the enemies of DeFi. Proposed sorties include position papers, “legal defense against regulatory litigation” and “amicus curiae,” a Latin phrase meaning “friend of the court,” briefs in response to
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