SEC Signals DeFi-Friendly Innovation Exemption
SEC Signals DeFi-Friendly Innovation Exemption
🤔 SEC Finally Gets DeFi?
The SEC has proposed new rules at their June 9 crypto round-table that could significantly benefit decentralized platforms. The innovation exemption would:
- Remove broker/dealer requirements for code-based protocols
- Protect developers from smart contract liability
- Accept on-chain transparency for compliance
- Offer conditional relief during technology proving period
This regulatory shift could provide U.S. builders with legal clarity while maintaining DeFi's core benefits. Minterest demonstrates alignment through:
- In-protocol liquidations via Solvency Engine
- 100% fee distribution to stakers
- Deployment on Mantle, Taiko & Morph networks
In case you missed it: the U.S. SEC just floated an “innovation exemption” built for DeFi. Here’s why that’s a green light for protocols like Minterest👇
Weekly Audit Update: Keys Secured, Interest Activation Pending
**Weekly Protocol Status Update:** - ✅ Security: Keys successfully transferred and secured - ❌ Asset Status: Coins currently inactive - 🎯 Next Steps: Increase supply to activate interest generation The protocol maintains its commitment to transparency with 24/7 on-chain verification. Users can monitor all activities in real-time through the platform. Previous update highlighted the protocol's multi-chain deployment across Mantle, Taiko, and Morph networks, offering low-fee options for users. The native liquidation engine ensures fair pricing and automated risk management. *Visit [Minterest](http://minterest.com) to start earning yield on idle assets.*
Minterest Updates: Rewards, Seasons, and Opportunities
**Key Updates:** - Minterest users who supplied $mETH can now claim $EIGEN rewards - Season 1 of methamorphosis is ending soon - Time-sensitive opportunities: - mETH Protocol Methamorphosis S1 - Mantle Rewards Station x $COOK - Rewards distributed for: - Mantle Rewards Station x Skate: 5M Ollies Raffle - Mantle AI Fest: Next Phase - Last chance to earn exclusive badges: - mETH Explorer - Emoji Enthusiast - mETH Guru - mETH Advocate - Upcoming: Final phase of Mantle AI Fest with 100k $MNT prize pool **Remember:** Only click links from official accounts for security.
Minterest Announces Higher Borrowing Limits on Taiko
Minterest, a cross-chain DeFi lending protocol, is set to increase borrowing limits on the Taiko network. This update aims to enhance user experience and expand lending opportunities. Key points: - Higher borrowing limits coming soon - Available on the Taiko network - Accessible via http://taiko.minterest.com Minterest is known for redistributing 100% of captured value back to users, making this update potentially beneficial for both lenders and borrowers on the platform. Users are encouraged to visit the Minterest platform on Taiko to explore these new opportunities and take advantage of the increased borrowing capacity.