Friday, March 29, 2024
Home > Opyn

Sushi to test Bitcoin swaps and Opyn DeFi protocol founders cave to CFTC pressure: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.A new DeFi report has highlighted that a significant amount of crypto lost to exploits was due to traditional Web2 flaws and security

Read More

Opyn DeFi protocol founders are leaving crypto after CFTC crackdown

Zubin Koticha and Alexis Gauba, two founders of the Opyn decentralized finance (DeFi) protocol, are stepping down from the project and “leaving crypto,” according to a statement from Koticha posted to social media on Nov. 14. The statement comes approximately two months after Opyn settled an enforcement action against it

Read More

CTFC cracks down on DeFi protocols Opyn, ZeroEx and Deridex

The United States Commodity Futures Trading Commission (CFTC) is taking regulatory action against three decentralized finance protocols for allegedly failing to register various derivatives trading offerings.The U.S. commodities regulator announced that it issued orders against protocol Opyn, ZeroEx and Deridex in a Sept. 8 statement.Today @CFTC issued orders against operators

Read More

CFTC Goes After Opyn, ZeroEx, Deridex DeFi Operations in Enforcement Sweep

The three firms face a number of accusations based on their use of blockchain-based protocols and smart contracts to function as trading platforms, according to the CFTC. The U.S. derivatives regulator is ordering Opyn, ZeroEx, and Deridex to cease the activity and pay penalties of $250,000, $200,000, and $100,000, respectively.

Read More

Opyn Upgrade Aims to Add Capital Efficiency and Liquidity to DeFi Options Market

Opyn, a marketplace for decentralized finance (DeFi) options, has rolled out a host of new features in its updated protocol that aim to make the crypto options markets more efficient and liquid. While Opyn entered DeFi with an insurance-like product for governance tokens such as compound, its focus has since pivoted

Read More