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Top DeFi projects move further from decentralization in 2023

From Polygon’s recent 157 block reorg to Solana’s innumerable outages, DeFi’s success in 2023 feels anything but certain.

DeFi project LaunchZone claims to be latest victim of BNB chain exploits

80% of funds have been drained from LaunchZone’s liquidity pool, resulting in its native token LZ plummeting in value.

DeFi hasn’t seen the same amount of problems or regulatory scrutiny as many centralized platforms but it’s not been completely without drama.

If it’s true that a16z holds the rumored amount of UNI tokens, it would be able to unilaterally reach quorum for voting on Uniswap proposals.

Umami chief Alex O’Donnell has been accused of dumping tokens and crashing the price. Its team has resigned from the firm’s legal wrapper.