#DeFi

Floki, initially a meme coin, is venturing into the DeFi space with its new tokenization platform, TokenFi. The platform aims to tap into the burgeoning real-world asset (RWA) market, allowing users to tokenize assets like real estate and cars.

LayerZero is facing criticism for its recently introduced wstETH token from nine different DeFi protocols, including Connext, Across, Celer, ChainSafe, Sygma, LiFi, Socket, Router, and Hashi. They have serious reservations about the asset, classifying it as a vendor-locked proprietary standard.

Concerns over adherence to the Financial Conduct Authority (FCA) regulations have led Marinade Finance, Solana's top DeFi protocol, to block its UK-based users.

Elliptic's recent report unveils $7 billion laundered through DeFi platforms and non-KYC exchanges, and the trend is far from over.