Welcome to Weekly Roundup, where our team of experts selects buzzworthy pools, news, and announcements for you to have on your radar.

Weekly Roundup – 11.11

Wow, what a week. Before we dig in, we wanted to take a moment to extend our sympathy to everyone impacted by the recent developments at FTX. The DeFi industry is building a new paradigm, and that comes with its own unique challenges and difficult lessons. It’s important that we don’t fall prey to the same transparency and accountability issues that plague CeFi. As we forge a new path in DeFi, it is on all of us to hold crypto to a higher standard.

Moments like these only strengthen our resolve to empower investors with the information they need to assess risk properly. We will continue to focus on bringing rationality and stability to DeFi, so it can truly be for everyone.

Protocols can be a pain to keep up with – let us help. Our team finds the most interesting protocols and breaks down what you need to know and why they need to be on your radar. This week, we’ve reviewed:

We help you stay up-to-date with new and popular assets (as well as some hidden gems) so you can invest more wisely. Here’s what we’re covering this week:

Binance scraps deal to rescue rival exchange FTX.

 Binance has decided to walk away from the FTX deal, citing issues that “are beyond our control or ability to help.” This follows a prior offer to bail out the international arm of FTX which is dealing with a liquidity crunch. FTX US withdrawals remain open.

CeFi institutions call for greater transparency in light of liquidity crisis.

 Some of the largest crypto companies including Tether, Circle, and Coinbase deny having material exposure to FTX and Alameda. Binance CEO Changpeng Zhao promised to implement a Proof-of-Reserve mechanism to provide full transparency of customer assets.

Contagion from FTX spills over to Solana ecosystem.

 Solana has lost nearly half of its TVL over the last seven days. Exchanges are halting stablecoin deposits to and from Solana. Due to lack of clarity, up to 

 could be at risk since the collateral is under FTX custody.

Join us on November 15th for our second Degen Responsibly episode with 

Accredited investors will soon be able to invest in DeFi liquidity pools across major chains directly on our custodial platform.