{"id":550481,"date":"2023-02-11T00:30:00","date_gmt":"2023-02-10T21:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/web3-community-unites-for-turkish-syrian-earthquake-victims-finance-redefined\/"},"modified":"2023-02-11T00:30:00","modified_gmt":"2023-02-10T21:30:00","slug":"web3-community-unites-for-turkish-syrian-earthquake-victims-finance-redefined","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/web3-community-unites-for-turkish-syrian-earthquake-victims-finance-redefined\/","title":{"rendered":"# Web3 community unites for Turkish\u2013Syrian earthquake victims: Finance Redefined"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40e8f63f7ae\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40e8f63f7ae\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-community-unites-for-turkish-syrian-earthquake-victims-finance-redefined\/#%E2%80%9D_Web3_community_unites_for_Turkish%E2%80%93Syrian_earthquake_victims_Finance_Redefined_%E2%80%9C\" >&#8221; Web3 community unites for Turkish\u2013Syrian earthquake victims: Finance Redefined   &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-community-unites-for-turkish-syrian-earthquake-victims-finance-redefined\/#The_Web3_community_responds_to_Turkish%E2%80%93Syrian_earthquake_tragedy\" >The Web3 community responds to Turkish\u2013Syrian earthquake tragedy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-community-unites-for-turkish-syrian-earthquake-victims-finance-redefined\/#Stablecoin_adoption_could_lead_to_DeFi_growth_says_Aave_founder\" >Stablecoin adoption could lead to DeFi growth, says Aave founder<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-community-unites-for-turkish-syrian-earthquake-victims-finance-redefined\/#DeFi_securitization_of_real-world_assets_poses_credit_risks_opportunities_S_P\" >DeFi securitization of real-world assets poses credit risks, opportunities: S&amp;P<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-community-unites-for-turkish-syrian-earthquake-victims-finance-redefined\/#a16z_votes_against_proposal_to_deploy_Uniswap_v3_on_BNB_Chain\" >a16z votes against proposal to deploy Uniswap v3 on BNB Chain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-community-unites-for-turkish-syrian-earthquake-victims-finance-redefined\/#ConsenSys_adds_703M_votes_to_Uniswap_BNB_Chain_migration_proposal_amid_VC_battle\" >ConsenSys adds 7.03M votes to Uniswap BNB Chain migration proposal amid VC battle<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/web3-community-unites-for-turkish-syrian-earthquake-victims-finance-redefined\/#DeFi_market_overview\" >DeFi market overview<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Web3_community_unites_for_Turkish%E2%80%93Syrian_earthquake_victims_Finance_Redefined_%E2%80%9C\"><\/span>&#8221; Web3 community unites for Turkish\u2013Syrian earthquake victims: Finance Redefined   &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-4bbf85c5>Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights \u2014 a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter crafted to bring you significant developments over the last week.<\/p>\n<p>In the aftermath of a deadly 7.8-magnitude earthquake in southeastern Turkey, the Web3 community has come together to raise awareness and aid for disaster victims.<\/p>\n<p>Stablecoins could prove to be a critical factor in larger DeFi adoption, says Aave founder Stani Kulechov. According to the Aave executive, building the \u201cpayment layer,\u201d which involves stablecoins, can potentially hook regular people into the space, eventually introducing them into DeFi. On the other hand, S&amp;P Global Ratings believe DeFi protocols can attract institutional interest if they get securitization right.<\/p>\n<p>Venture capital firm Andreessen Horowitz (a16z) used 15 million Uniswap (UNI) tokens to vote against the deployment of Uniswap v3 on BNB Chain using the Wormhole bridge. Web3 developer ConsenSys has cast 7.03 million UNI votes in favor of its deployment on BNB Chain.<\/p>\n<p>The DeFi market broke its four-week bullish streak after news about Kraken settling with the United States Securities and Exchange Commission and winding down its crypto staking services. The settlement means U.S.-based exchanges must shut down their staking services, which has come at a critical time for Ethereum, as the upcoming Shanghai upgrade will allow Ether (ETH) stakers to withdraw their staked ETH.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Web3_community_responds_to_Turkish%E2%80%93Syrian_earthquake_tragedy\"><\/span>The Web3 community responds to Turkish\u2013Syrian earthquake tragedy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A massive earthquake hit southeastern Turkey along the border with Syria on Feb. 6, which has so far caused the death of more than 18,000 people. The quake registered a magnitude of 7.8 on the Richter scale, which is internationally categorized as a \u201cmajor\u201d earthquake, and occurred along 100 kilometers of the fault line.<\/p>\n<p>Infrastructure in the area suffered significant damage, resulting in a deadly cross-border humanitarian disaster. However, the world was quick to respond. Across the internet and various <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> platforms, people have been gathering funds for local and international aid organizations to provide relief to those in the affected areas.<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stablecoin_adoption_could_lead_to_DeFi_growth_says_Aave_founder\"><\/span>Stablecoin adoption could lead to DeFi growth, says Aave founder<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Stani Kulechov, the founder of the DeFi protocol Aave, highlighted several issues within the DeFi space at the StarkWare Sessions 2023, held at The Cameri Theatre in Tel Aviv, Israel. <\/p>\n<p>In a fireside chat titled \u201cDeFi: Resilience in the Face of Global Uncertainty,\u201d Kulechov and Cointelegraph\u2019s managing editor Alex Cohen discussed various topics, including DeFi\u2019s risks compared to traditional finance and how stablecoins can lead to more DeFi adoption.<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_securitization_of_real-world_assets_poses_credit_risks_opportunities_S_P\"><\/span>DeFi securitization of real-world assets poses credit risks, opportunities: S&amp;P<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>DeFi\u2019s use case in traditional finance could grow in the coming years as new protocols attempt to support the securitization of real-world assets, according to a new research report from credit rating agency S&amp;P Global Ratings. <\/p>\n<p>The financing of real-world assets will likely be a key focus area for DeFi protocols moving forward, S&amp;P said in a report titled \u201cDeFi Protocols For Securitization: A Credit Risk Perspective.\u201d Although the industry is still in its nascent stages, S&amp;P highlighted several benefits DeFi could bring to securitization, including reducing transaction costs, improving transparency on asset pools, reducing counterparty risks and enabling faster payment settlement for investors.<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"a16z_votes_against_proposal_to_deploy_Uniswap_v3_on_BNB_Chain\"><\/span>a16z votes against proposal to deploy Uniswap v3 on BNB Chain<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Venture capital firm a16z voted against a final proposal to deploy Uniswap v3 on the BNB Chain using the Wormhole bridge, the Uniswap DAO forum shows. <\/p>\n<p>The governance proposal to deploy the latest Uniswap iteration on the BNB Chain was submitted on Feb. 2 by 0xPlasma Labs on behalf of the Uniswap Community after it passed a temperature check with 20 million (80.28%) votes for yes, and 4.9 million (19.72%) votes for no. On Feb. 5, the venture firm used 15 million of its UNI holdings to vote against the move.<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"ConsenSys_adds_703M_votes_to_Uniswap_BNB_Chain_migration_proposal_amid_VC_battle\"><\/span>ConsenSys adds 7.03M votes to Uniswap BNB Chain migration proposal amid VC battle<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Web3 infrastructure developer ConsenSys, the maker of the popular MetaMask digital wallet, cast 7.03 million votes in favor of a proposal that would see decentralized exchange Uniswap\u2019s v3 protocol deployed on BNB Chain, according to data from Tally.<\/p>\n<p>As Cointelegraph reported, venture capital firm Andreessen Horowitz cast a vote against the proposal. A16z, which reportedly holds 55 million UNI tokens, voted 15 million UNI against the move due to its reliance on the Wormhole bridge. The VC firm instead supported using LayerZero as the interoperability protocol. LayerZero Labs is part of a16z\u2019s portfolio and raised $135 million in a funding round in March 2022, with a $1 billion valuation.<\/p>\n<p><strong>Continue reading<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"DeFi_market_overview\"><\/span>DeFi market overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analytical data reveals that DeFi\u2019s total market value fell back to $40 billion this past week, trading at about $40.1 billion at the time of writing. Data from Cointelegraph Markets Pro and TradingView shows that DeFi\u2019s top 100 tokens by market capitalization had a bearish week, with most of the tokens bleeding this past week, registering double-digit losses on the weekly charts.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/af2a28c5-7f6a-49d0-b312-7c1142bd1bfc.png\"><\/figure>\n<p><em>Thanks for reading our summary of this week\u2019s most impactful DeFi developments. Join us next Friday for more stories, insights and education in this dynamically advancing space.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/web3-community-unites-for-turkish-syrian-earthquake-victims-finance-redefined\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Web3 community unites for Turkish\u2013Syrian earthquake victims: Finance Redefined &#8220; Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights \u2014 a newsletter crafted to bring you significant developments over the last week. In the aftermath of a deadly 7.8-magnitude earthquake in southeastern Turkey, the Web3 community has come together to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":550482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/e9d4ffd6-46df-480d-979c-f5a9f83da37a.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,74868,88700,74355,71577,75393],"class_list":["post-550481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-defi","tag-uniswap","tag-adoption","tag-syria","tag-turkey"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/550481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=550481"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/550481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/550482"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=550481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=550481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=550481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}