It has been an eventful week for Uniswap, and Platypus successfully recovered 90% of the funds stolen in a hacking incident: Finance Redefined.
On October 17, Uniswap made a significant announcement, revealing its plan to implement a 15% swap fee, a move that stirred diverse reactions within the cryptocurrency community.
David Becker 
Welcome to "Finance Redefined," your weekly source for crucial insights into the world of decentralized finance (DeFi). In this newsletter, we aim to deliver the most significant developments from the past week.
Uniswap's Fee Announcement:
Last week, Uniswap took center stage in the DeFi world with its announcement of a 0.15% swap fee starting from October 17. This decision sparked a range of reactions within the crypto community.
Controversial KYC Hook for Uniswap:
An open-source hook on Uniswap raised eyebrows due to its Know Your Customer (KYC) checks. This feature has garnered mixed responses within the crypto community, as it opens the possibility of DeFi protocols being whitelisted by regulators.
Platypus Recovers Hacked Funds:
Platypus Finance made headlines by successfully recovering 90% of the funds lost in an exploit that occurred on October 12.
Layer-2 zkEVM "Scroll" Mainnet Launch:
Scroll, a newcomer in the layer-2 zero-knowledge Ethereum Virtual Machine (zkEVM) space, confirmed the launch of its mainnet. This development allows existing applications and developer toolkits on Ethereum to migrate to the new scaling solution.
Bullish Week for Top 100 DeFi Tokens:
DeFi tokens in the top 100 by market capitalization had a bullish week, with many of them recording double-digit gains on the weekly charts. However, this price action did not correspond with the total value locked (TVL), which decreased by almost $2 billion.
Ethereum LSDFi Sector's Remarkable Growth:
The Ethereum liquid staking derivatives finance (LSDFi) ecosystem witnessed significant growth this year, with protocols accounting for a substantial portion of the total staked market.
Thank you for joining us in exploring the most significant DeFi developments of the week. We look forward to bringing you more stories, insights, and educational content about this ever-evolving space next Friday.
