Skip to content

Web3 Unites to Help Turkish-Syrian Earthquake Victims: DeFi Redefined

  • by

• The Web3 ecosystem has come together to help victims of the Turkish-Syrian earthquake.
• Stablecoins could potentially hook regular people into the DeFi space.
• Andreessen Horowitz used Uniswap tokens to vote against the deployment of Uniswap v3 on BNB Chain, while ConsenSys voted in favor.

Web3 Community Unites for Victims

The Web3 ecosystem came together to offer all possible help and aid to the victims of the Turkish-Syrian earthquake — one of the worst natural disasters in recent history. The aftermath of this 7.8-magnitude disaster has caused significant damage and a deadly cross-border humanitarian crisis. In response, the world was quick to mobilize support, with Web3 community members pledging their commitment towards offering assistance in any capacity they can.

Stablecoins Could Unlock Regular People Into DeFi

Stablecoins could prove to be a critical factor in larger DeFi adoption, according to Aave founder Stani Kulechov. Building an effective “payment layer” involving stablecoins can potentially hook regular people into the space, introducing them into DeFi eventually. On the other hand, S&P Global Ratings believes that if done correctly, securitization of DeFi protocols could draw institutional interest as well.

Andreessen Horowitz Voted Against Uniswap v3 Deployment

Venture capital firm Andreessen Horowitz (a16z) used 15 million Uniswap tokens to vote against the deployment of Uniswap v3 on BNB Chain using Wormhole bridge technology. Meanwhile, Web3 developer ConsenSys cast 7.03 million UNI votes in favor of its deployment on BNB Chain as well.

DeFi Market Experiences Bearish Streak After Kraken Settlement

The DeFi market broke its four-week bearish streak after news about Kraken settling with United States Securities and Exchange Commission (SEC) and winding down its crypto staking services emerged. This settlement means U.S.-based exchanges must shut down their staking services — a critical time for Ethereum as Ether stakers will be able to withdraw their staked ETH following Shanghai upgrade soon enough .


In conclusion, it is clear that Web3 community is actively attempting to provide relief and aid for victims affected by natural disasters such as this one through various initiatives like raising awareness or voting on specific platforms like Uniswap v3 deployment on BNB chain.. Moreover, stablecoins are being looked at as potential catalysts for larger DeFI adoption and institutions are looking into securitizing protocols within this field which could further increase mainstream attention towards decentralized finance solutions even more so than ever before