September became the worst month for cryptocurrency losses in the DeFi space, with losses exceeding $300 million, Cointelegraph reported. Yield, a popular DeFi lending protocol, announced that it will be shut down permanently in December. Polygon co-founder Jaynti Kanani stepped down from his day-to-day duties at the company, saying he would be on the sidelines. According to a report from a prominent scientific magazine, decentralized autonomous organizations (DAOs) can help scientists find funding and communities. The DeFi market had a mixed week in terms of price action, with most of the top 100 tokens trading in the same price range as last week. According to CertiK data, September 2023 became the worst month for cryptocurrency losses, with losses of up to $329.8 million. Yield Protocol announced that it will be shut down at the end of 2023 due to lack of business demand and global regulatory pressure. Polygon co-founder Jayant Kanani announced that he has stepped down from the day-to-day work of the project, the first time in six years. The Nature science magazine recently published an editorial in its Nature Biotechnology section, saying that DAOs are a revolutionary new way for researchers to create communities in these fields and raise funds that would not be available otherwise.
