Tagged: defi

October 16, 2023 @ 4:24 pm By Omar Faridi  |  

The Reserve Protocol is now live on Base, marking its first expansion beyond the Ethereum mainnet. This update matters because it aims to empower accessible innovation. As noted in a blog post by the Reserve Protocol team, the “low-cost,” and developer-friendly Ethereum L2 environment launched by… Read More

October 15, 2023 @ 3:31 pm By Omar Faridi  |  

During the past month, the crypto industry has experienced rapid growth. OKX Ventures has identified several scenarios where significant progress has been made: SocialFi has introduced “remarkable” products. Friend.tech has reportedly “generated over 10,000 ETH in revenue, with a TVL surpassing 30,000 ETH.” Their total… Read More

October 15, 2023 @ 11:11 am By Omar Faridi  |  

API3’s managed dAPIs are available on Base. Developers on Base can now “access over 120 verifiable, decentralized data feeds powered by first-party oracle nodes, which are operated directly by the data providers.” Base is an Ethereum L2 solution incubated by Coinbase that is “built on… Read More

October 11, 2023 @ 1:00 am By JD Alois  |  

Untangled Finance has raised $13.5 million in “strategic funding” as it seeks to tokenize “real world private credit assets.” This includes SME loans, invoices, and more. The funding was provided by Fasanara Capital, a UK-based investment firm and technology platform that manages around $4 billion…. Read More

October 6, 2023 @ 3:18 pm By Omar Faridi  |  

GFX Labs, the creators of Oku, the DeFi trading terminal powered by Uniswap v3, are pleased to announce their integration with zkSync Era, a Layer 2 scaling solution for Ethereum. This collaboration brings efficient DEX trading “to zkSync, along with the charts and analytics that… Read More

October 4, 2023 @ 7:40 am By Omar Faridi  |  

BIS, De Nederlandsche Bank and the Deutsche Bundesbank are creating a data platform that has potential to shed light on the macroeconomic relevance of crypto-asset markets and decentralized finance (DeFi). Project Atlas combines on- and off-chain information, “creating a layered approach to data vetting and… Read More

October 1, 2023 @ 5:00 pm By Omar Faridi  |  

In the DeFi realm, while innovation and opportunity are definitely arising, significant potential risks prevail, according to an update from SlowMist. SlowMist explains that addressing these challenges demands “an active and evolving security approach, parallel in its dynamism and comprehensiveness to the ecosystem it aspires… Read More

September 25, 2023 @ 8:57 am By Omar Faridi  |  

MakerDAO co-founder Rune Christensen has submitted a proposal to build the project’s upcoming native chain using Solana’s codebase, which led to Vitalik Buterin selling $580,000 worth of MakerDAO’s MKR token in rebellion. The move may be an indication that ecosystem participants want to explore different… Read More

September 9, 2023 @ 4:32 pm By Omar Faridi  |  

Socket, an interoperability protocol that allows asset and data transfer across chains for decentralized applications (dapps), announced a $5 million strategic investment from Coinbase Ventures, the venture arm of one of the world’s largest crypto platforms, and Framework Ventures, a crypto-native venture capital firm known… Read More

September 8, 2023 @ 10:04 am By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) announced charges targeting three DeFi, or decentralized finance, operations yesterday. These included Deridex, ZeroX, and Opyn. The CFTC alleges the offering of illegal derivatives trading. The CFTC charged Deridex and Opyn with failing to register as a swap… Read More

September 5, 2023 @ 3:33 pm By Omar Faridi  |  

Institutional-grade DeFi platform, Avantgarde, has appointed portfolio management specialist Ainsley To as head of asset management. Avantgarde is known for building and “maintaining the world’s first on-chain asset management protocol, Enzyme.” Appointed to research, design, and manage Avantgarde’s on-chain strategies, To brings a wealth of… Read More

August 31, 2023 @ 11:00 pm By Omar Faridi  |  

Helix, the decentralized orderbook exchange built on Injective, announces the launch of Helix Institutional, enabling the trading of DeFi derivatives products in a permissioned, KYC-enabled environment. This initiative aims “to usher in a new era of decentralized trading for prominent institutions, allowing them to access… Read More

August 29, 2023 @ 10:47 pm By Omar Faridi  |  

The funding initiates a multi-year, comprehensive growth roadmap designed to see Maple establish itself beyond DeFi and into the world of traditional finance “as a lending marketplace and technology provider.” As noted in a blog post, Maple has closed “a $5 million strategic funding round.”… Read More

August 28, 2023 @ 3:43 pm By Michael Wong  |  

OKX Wallet, a universal crypto wallet available on multiple platforms, has integrated with BaseLend, a decentralized lending protocol on the BASE chain, for seamless crypto lending. The integration allows users to access flexible and transparent borrowing and lending services within the DeFi ecosystem, according to… Read More

August 27, 2023 @ 4:41 pm By Omar Faridi  |  

The expansion to this new Coinbase-incubated blockchain is set to offer 1inch users access to deeper liquidity, lower transaction costs and higher speeds. Continuing its expansion across the DeFi space, the 1inch Network is glad to share that the 1inch Aggregation Protocol and the 1inch… Read More

August 27, 2023 @ 4:38 pm By Omar Faridi  |  

Elusiv, a privacy protocol building Web3’s universal encryption layer for a secure decentralized world, has launched the first Private Token Swaps on Solana. Now available via the Elusiv Web App, the Private Token Swap functionality “allows users to exchange assets without disclosing private information about… Read More

August 22, 2023 @ 9:14 pm By Omar Faridi  |  

When Hyperion Decimus Founders Chris Sullivan and Matt Rosen launched the quant fund they had one “headache” to solve: mitigating counterparty risk. Self-custody wasn’t secure enough, so they “started the process of carefully vetting potential custodians.” That’s how they reportedly chose BitGo. Sullivan said: “BitGo… Read More

August 21, 2023 @ 8:41 am By Omar Faridi  |  

The Avalanche Foundation is providing up to $3 million in AVAX tokens to Dexalot, the central limit order book (CLOB) decentralized exchange (DEX) built “on an Avalanche Subnet.” The incentives come from Avalanche Multiverse, “a comprehensive program nurturing Avalanche Subnet growth and adoption.” Dexalot’s Subnet… Read More

August 20, 2023 @ 9:56 pm By Omar Faridi  |  

Led by Electric Capital, Ellipsis Labs’ $3.3M seed round also saw contributions from Robot Ventures and Anagram. Notable angels in this investment round “include Anatoly Yakovenko, CEO of Solana Labs, Marc Boiron, CEO of Polygon Labs, and Keone Hon, CEO of Monad Labs.” Ellipsis Labs… Read More

August 20, 2023 @ 9:53 pm By Omar Faridi  |  

1inch has reportedly integrated with Klaytn’s Kaikas wallet. Under this partnership, the 1inch Swap API will “power token swaps in Kaikas, a versatile wallet ensuring interaction with the Klaytn ecosystem.” In its commitment to deliver a seamless DeFi experience across the globe, the 1inch Network… Read More