Finance Redefined: Vitalik bearish on cross-chain, dYdX decentralizing, Jan. 7–14

Finance Redefined: Vitalik bearish on cross-chain, dYdX decentralizing, Jan. 7–14


Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.

Despite the market printing bearish numbers for a second consecutive week, the industry is not short of bullish fundamental news. Read on to hear about the most impactful DeFi stories of the last seven days.

What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments over the last week, subscribe below.

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Vitalik is optimistic for multichain, not cross-chain, Web3 world

Vitalik Buterin, a co-founder of Ethereum, shared a candid assessment of the security limitations in implementing fully functional cross-chain bridges within the blockchain industry.

Buterin argued that storing assets on their native chain provides a higher level of security against 51% attacks than cross-chain activities, stating, “It’s always safer

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