Chainlink quietly changes multisig rules, Mixin offers $20M bounty: 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.
The past week in DeFi was dominated by developments in some of the OG DeFi protocols, with Uniswap Foundation announcing plans to raise $62 million in new funding and decentralized oracle service provider Chainlink brushing aside concerns about changes it made to multisignature wallets.
Mixin Network, which was hacked for nearly $200 million in crypto assets on Sept. 23, has now offered a $20 million bug bounty to exploiters for the return of the remaining funds, claiming a majority chunk of the stolen funds are user assets.
Curve Finance founder Michael Egorov cut back his debts to $42 million and settled his entire Aave loan on Sept. 28. And crypto exchange Upbit managed to stem a flood of fake Aptos tokens from the platform and resumed deposits and withdrawals for the token.
Chainlink downplays worries after users notice quiet change to multisig
Decentralized oracle network Chainlink has downplayed a recent change in the number of signers required on its multisig wallet — a move that garnered backlash on social media from vocal critics.
Crypto researcher Chris Blec was among several users on X (formerly Twitter) who called out Chainlink for quietly reducing the number of signatures required on its multisignature wallet from 4-of-9 to 4-of-8.
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Decentralized exchange (DEX) Uniswap is seeking an on-chain vote to approve the second tranche of the $74 million funding for its developer, Uniswap Foundation.
According to the Sept. 27 announcement, the second tranche of funding, with a buffer of 10% for price volatility, is worth
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