Welcome to CryptoWhisper.com weekly round-up for DeFi in week 17-April-2022.
I am using a social listening tool called BrandMention.com to round up top DeFi updates posts of the week.
In this round-up, I am using “defi” as the keyword for this research from 10-April-22 to 16-April-22. With the analysis of 19,698 mentions around the webs, Twitter, Facebook, YouTube, Instagram, Pinterest, LinkedIn, Reddit, and Quora, the roundup below is arranged based on the number of reach measurements from BrandMention.com and the relevance of the content.
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Harmony Protocol announced the launch of “Harmony Launcher DEX” on the Harmony Network
Harmony Protocol announced the launch of the most anticipated product “Harmony Launcher DEX” on the Harmony Network.
Since its inception, they aimed towards providing an AMM DEX capable of amplifying the power of the Harmony Blockchain, easing the lives of those who always wanted to carry out decentralized financial activities without any restrictions.
DEX would facilitate numerous activities such as 1:1 SWAP, LP-Staking, $HARL Staking, and Cross-Bridge solution for $HARL.
This tweet from DEFI EAGLE has garnered 2,566,155 social media reach.
Rochi Crypto Tweet on Black Bear Finance Airdrop Campaign
Black Bear Finance is committed to incentivizing global action toward conservation. Every person can become an influential participant in creating a sustainable, regenerative earth.
The community behind Black Bear Finance can promote philanthropic goals on a sustainable level to support and preserve wildlife. Their team alongside the community, utilizing critical decision processes, will be responsible for vetting successful conservation organizations that provide tangible benefits to the cause they are working towards.
This tweet from Rochi Crypto has garnered 2,566,155 social media reach and 1,794 reactions
Cointelegraph Release its How-To DeFi Guide
If you are new to the field, start off with some play money, testing, and learning along the way. Alternatively, if you want to participate but not deal with the hassle, you can also invest in professional managers designing, executing, and monitoring these strategies in an institutional setting. But, one should use the same nuanced assessment approach provided earlier in your due diligence process of selecting a manager.
Learn more about DeFi Guide check out the guide below. This tweet from Cointelegraph has garnered 1,528,841 social media reach.
Abu Dhabi financial regulator issues discussion paper on Decentralized Finance ‘DeFi’
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has issued a discussion paper on DeFi, which is a new way to deliver financial services through automated software protocols, according to a report by Emirates News Agency (WAM) on Wednesday.
The move aims to engage with industry practitioners and other stakeholders to explore the potential opportunities arising from DeFi, associated risks, and what a future regulatory framework may resemble.
“DeFi is an emerging part of the global financial ecosystem that holds the promise of delivering more efficient and tailored financial services. In order to achieve this potential, the risks arising from DeFi must be identified and appropriately addressed. We are pleased to contribute our views on DeFi and its potential future direction to the ongoing discussion in the community, in association with industry practitioners. We also look forward to collaborating and starting a dialogue with the industry that will help us make informed policy choices to address these risks and thereby realise the potential benefits of DeFi and on any future regulatory developments.“
Emmanuel Givanakis, CEO of the ADGM FSRA
This Facebook post from Al Arabiya English has 1,357,722 social media reach
Fast-Moving FinTech Poses Challenge for Regulators
As more financial-services activity moves from regulated banks to entities and platforms with little or no oversight, so do the associated risks. Despite FinTech stepping in to challenge traditional banks on their own playing field, they bring more than the competition. In fact, the two often remain intertwined, including through the provision of liquidity and leverage by banks to FinTechs.
These pose challenges for financial authorities in the form of regulatory arbitrage (in which firms move or set up operations in less-regulated sectors and regions) and interconnectedness that may require supervisory and regulatory action, including better consumer and investor protection.
Policies that target both FinTech firms and traditional banks proportionately are needed. This way, the opportunities that FinTech offers are fostered, while risks are contained. For neobanks, this means stronger capital, liquidity, and risk-management requirements commensurate with their risks. For incumbent banks and other established entities, prudential supervision may need a greater focus on the health of less technologically advanced banks, as their existing business models may be less sustainable over the long term.
The absence of governing entities means DeFi is a challenge for effective regulation and supervision. Here, regulation should focus on the entities that are accelerating the rapid growth of DeFi, such as stablecoin issuers and centralized crypto exchanges. Supervisory authorities should also encourage robust governance, including industry codes and self-regulatory organizations. These entities could provide an effective conduit for regulatory oversight.
This Facebook post from IMF has garnered 997,803 social media reach
