DeFi sector has been unstable over the past week

According to crypto experts, the weekly indices of the decentralized finance sector (DeFi) have fallen over the past 7 days, as of December 14, 2022. Analysts stressed that the indicators of market capitalization and trading volume were negative at the level of 1,870 (-2.03%) and 431 (-18.44%), respectively, while the volatility index turned out to be positive — 268 (+144.05%).

The main news in the DeFi industry was that the developers of the Ethereum core confirmed the launch of the Shanghai hard fork in March 2023 during the All Core Devs Call #151 conference. The update will support defrosting and withdrawal of funds from Beacon Chain staking, which will allow network participants to redeem Ethers (ETH) blocked in the original contract.

ConsenSys will begin internal beta testing of the zkEVM private network next week, which will allow developers to combine assets between the Goerli and zkEVM test network to test smart contracts and decentralized applications (dApps), as well as their deployment using MetaMask and Infura tools.

Osmosis developers have launched their own version of Curve 3Pool for the Cosmos ecosystem. This will facilitate the trading of stablecoins with “minimal impact on the price or fluctuations in value” and will allow USDC and USDT support.

The TRON-based USDD stablecoin lost its peg to the US dollar (USD) and fell to $0.97. This created an imbalance in the Curve USDD/3CRV liquidity pool, which is almost 82.5% in US dollars. Developer Justin Sun announced that TRON has allocated more capital to secure USDD and restore the binding.

Lodestar Finance credit platform has been subjected to a hacker attack. The attackers managed to take a flash loan and stole $6.5 million. The founders of Nomad Bridge announced that they will restart the bridge and partially compensate users for the loss of funds stolen by a hacker in August of this year.