Decentralized Finance, DeFi Current Situation Is Still Poor

[coinnews]

The total value locked (TVL) in decentralised finance (defi) has been range-bound between $50 billion and $65 billion during the past 125 days, or nearly four months.

The TVL in defi has lost a lot of value over the previous six months, falling from $161 billion on April 1 to $51.72 billion today, a decrease of more than 67%.

Read more...

[https://www.coingabbar.com/en/crypto-currency-news-english/decentralized-finances-current-situation-still-poor]

[Jason B]

Amulet, a new decentralized finance (DeFi) insurance protocol for Rust language-based ecosystems, has successfully raised $6 million in its first funding round.

The seed round was led by gumi Cryptos Capital and joined by Republic Capital, Solana Ventures, DeFiance Capital, Animoca Brands, United Overseas Bank, Signum Capital, Mirana Ventures, NGC Ventures, LongHash Ventures, SevenX Ventures, CMT Digital, Matrixport Ventures, a41 Ventures, Solar Eco Fund, Daedalus, Cobo Wallet and Re7 Capital, and a few ecosystem partners such as the Serum and Acala networks.

Amulet is being built with a vision of simple, reliable insurance for everyone in Web3. The solution will be the first built on the Solana network and has been supported by Solana Ventures, which is also an investor in the project.

>Amulet is a DeFi risk protection protocol, the first one on Solana.
>With the planned multi-token ecosystem, users can secure the blockchain in multiple ways via one protocol.
>Protects stakers while ensuring payouts using Amulets unique Protocol Controlled Underwriting value(PCUV)
>Provides Smart Contract risk cover and Stablecoin de-peg Cover; soon to offer NFT, Metaverse and GameFi asset cover.
>Multi-chain strategy and expansion focused on rust ecosystem.


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