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Top 100 DeFi tokens continued their bullish momentum into third week of January with majority of the tokens trading in green on weekly charts. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Following FTX’s demise, the DeFi space is up for a complete remodel as crypto users demand better security and compliance practices. SushiSwap’s roadmap for the coming year includes the development of a decentralized exchange (DEX) aggregator, a decentralized incubator and “several stealth projects.” All these projects combined can grow its market share 10x, said the CEO. The co-founder and CEO of Ava Labs spoke with Cointelegraph at the World Economic Forum in Davos, Switzerland, on the future of DeFi and traditional finance (TradFi) and said DeFi should complement TradFi, not attack it. Another DeFi report suggests that decentralized forex could reduce costs by as ...

Prominent DeFi platform Sushi ended the year by closing down two of its wings following low interest from the public. However, the platform also noted that it would lay focus on the decentralized exchange or DEX products. In a recent Twitter thread, Matthew Lilley, the chief technology officer of Sushi revealed that lending platform Kashi and token launchpad MISO would be shutting their operations. We have the plan to launch successors of these products in the future once we have the resources to dedicate product teams towards them, but believe that requires focusing entirely on the breadwinner at the time being which is inarguably the DEX. 22/24 — I'm Software 🦇🔊 (@MatthewLilley) December 28, 2022 This focus would instead be shifted onto DEX products as mentioned earlier. Lilley wrote, “In Q3/Q4 it became obvious that there was a strong need to prioritize, and we decided to focus on ideas to improve our most loved and profitable product, the ...