DeFi & Yield｜DeFi·Staking·Yield Farming

• South Korea's Media and Communications Standards Commission voted Tuesday to block domestic access to Polymarket, concluding its prediction markets facilitate illegal gambling.

• Polymarket argued it removed Korean-language services, does not accept Korean won, and uses non-custodial smart contracts rather than holding customer funds directly.

• Regulators rejected that defense, citing Polymarket's role in creating markets, setting trading rules, providing settlement infrastructure, and collecting fees.

• Four executives recruited from Coinbase Custody, Anchorage Digital, the NEAR Foundation and Maple Finance will deploy the funds; Aaron Schnarch, ex-COO of Anchorage and ex-CEO of Coinbase Custody, takes the helm as Executive Director.

• Proposal 582 executed May 10 with 1.88 million COMP in favor and none against; the $52 million splits into $28 million for operations and $24 million for growth, with only $14 million going to the Foundation's own multisig.

• The remaining $38 million sits in a Program Reserve controlled by a 5-of-7 Treasury Management Committee multisig, released against milestones including a production V3 integration kit, tier-one curator onboarding and a public V4 testnet.

• Compound V2 and V3 hold about $1.23 billion in deposits, versus $14.8 billion at Aave and $8.06 billion at Morpho Blue; the Foundation pitches zero bad debt since launch, a record that held through November 2025 when withdrawals were paused in three stablecoin markets on Gauntlet's recommendation.

• The V4 roadmap includes tokenized equities as collateral, permissioned vaults with KYC/AML controls and a third-party risk manager; the first institutional product ships within weeks.

• Under FWAir, an approved creator sets a price for each NFT and supporters back individual pieces with ETH; if every NFT is backed within the period, the collection launches into FWA and both NFTs and backing ETH enter the pool, otherwise backers are refunded.

• Creators are paid from acquisition fees their NFTs generate inside the pool rather than from backer ETH — no money at mint, with expected payout roughly the mint price multiplied by collection size.

• FWA generated $11,069 in fees over the past 24 hours, down from a peak of $1.63 million on July 25; fees over seven days totaled $424,168 against $10.25 million over 30 days.

• Total value locked stands at $3.14 million, down from $5 million on Aug. 4; the first FWAir launch is expected this week.

• The flaw affected orders placed between March 2, 2025, and April 11, 2026, leaking names, email addresses, shipping addresses, phone numbers and purchase details.

• Seed phrases, private keys, wallet passwords, bank account information and payment card numbers were not compromised, and there is no evidence of wallet or fund access.

• The file pairs home addresses and phone numbers with proof of hardware wallet ownership, making it a targeting list for phishing and physical robbery.

• SafePal emailed affected customers on Aug. 16, took down over 30 fraudulent websites and phishing links, cut personal data retention to 90 days, and is engaging an independent security firm to validate the fix.

• The SEC canceled Friday's meeting on Thursday, citing an "unforeseen scheduling issue," with no rescheduled date yet and no indication the proposal was abandoned.

• Chair Paul Atkins previewed the framework in March as a way to give crypto projects simpler capital-raising paths.

• Floated examples include a startup exemption with up to four years of runway, a fundraising exemption allowing up to $75 million annually with tailored disclosures, and a safe harbor defining when a token would no longer be treated as part of an investment contract.

• These were examples Atkins floated, not final rule terms; Friday's vote would only have decided whether to formally propose the framework for public comment.