Tagged: defi

August 20, 2023 @ 6:23 pm By Omar Faridi  |  

A “significant” advancement has been made in the decentralized finance (DeFi) sector as 0xKYC, a developer of pioneering permissionless identity solutions, joins forces with Hinkal Protocol, a privacy-focused DeFi platform. This partnership marks a thoughtful integration of compliance and privacy, creating an environment “where private… Read More

August 19, 2023 @ 4:54 pm By Omar Faridi  |  

Enclave Markets, which claims to be the world’s first fully encrypted exchange (FEX) that combines the best parts of centralized and decentralized finance, announced it has integrated with Talos, the provider of institutional digital assets trading technology. Eligible Talos clients will now be “able to… Read More

August 16, 2023 @ 8:30 am By Omar Faridi  |  

  We recently caught up with the former CEO of Midas Finance, who built a $300 million crypto-fund that has gone bankrupt with the CeFi market collapse and who claims he has taken all his lessons with him to revive growth back into DeFi with… Read More

August 14, 2023 @ 12:52 pm By Omar Faridi  |  

Telos announces its partnership with Open Ocean, which claims to be one of the widest reaching decentralized exchange (DEX) aggregators in Web3. From swaps and gas-free limit orders to its powerful v3 API, OpenOcean is “an ‘all-in-one’ crypto-companion every crypto user and platform needs.” Through… Read More

August 13, 2023 @ 11:37 pm By Omar Faridi  |  

Tanay Ved, Lucas Nuzzi & the Coin Metrics team have examined the various features and risks associated with DeFi lending in an extensive report. The researchers at Coin Metrics noted that “over the years, the digital asset ecosystem has spawned diverse use-cases.” Among them, decentralized… Read More

August 13, 2023 @ 1:52 pm By Omar Faridi  |  

Spearbit, a smart contract audit and security solutions firm with clients such as Polygon, OpenSea, Optimism and more, announced that it “has raised a $7 million funding round led by Framework Ventures, a venture capital firm known for its early entry into decentralized finance (DeFi)… Read More

August 9, 2023 @ 11:09 am By Omar Faridi  |  

Chainlink Price Feeds are live on Base—a fast and “highly scalable” layer-2 blockchain incubated by Coinbase and secured by Ethereum. With this integration, developers building on Base can “have access to industry-standard Chainlink Data Feeds and other web3 services.” The native integration of Chainlink Price… Read More

August 8, 2023 @ 4:06 pm By Omar Faridi  |  

This announcement marks a significant milestone in the digital landscape as NexeraID in collaboration with PolygonID unveil their Web3 Compliance initiative. This project sets a standard for privacy protection while “ensuring strict adherence to regulatory requirements in the ever-evolving realm of Web3 compliance.” With the… Read More

August 7, 2023 @ 6:31 pm By Omar Faridi  |  

D8X, an institutional-grade decentralized exchange (DEX) for derivatives on Polygon zkEVM, announced a $1.5 million pre-seed round with support from Polygon Ventures and various other investors. The capital will help D8X launch “a decentralized derivatives trading platform in the second half of 2023 that provides… Read More

August 6, 2023 @ 2:34 pm By Omar Faridi  |  

The researchers at Coin Metrics have shared an update, titled, “Decoding the Digital Dollar: Unraveling the Risks of Stablecoins.” Lucas Nuzzi and Kyle Waters from Coin Metrics have noted that earlier this month, the U.S. House Committee on Financial Services convened “to discuss proposed legislation,… Read More

August 6, 2023 @ 12:33 pm By Omar Faridi  |  

On July 30, 2023, several liquidity pools on Curve Finance were exploited, resulting in approximately $70 million in losses and triggering panic within the DeFi ecosystem, the team at Chainalysis noted. In a blog post, Chainalysis also mentioned that these hacks occurred due to “a… Read More

August 5, 2023 @ 2:06 pm By Omar Faridi  |  

We recently connected with Luis Ocegueda, Engineering Lead at Trust Wallet, which claims to be the world’s most trusted and secure crypto wallet with 60 million+ downloads. It’s worth noting that, earlier this year, Trust Wallet did experience certain security issues, leading to a considerable… Read More

August 2, 2023 @ 9:14 am By Omar Faridi  |  

On-chain fund platform Solv Protocol has announced that it has secured $6 million in new funding. The platform received investments from “a variety of institutions, including Laser Digital, a subsidiary of Japanese banking firm Nomura Securities, UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners,… Read More

August 1, 2023 @ 12:03 pm By Omar Faridi  |  

Clearpool is pleased to announce the expansion of its decentralized lending marketplace to Polygon’s zkEVM solution, providing users “with high-speed transactions, increased diversification and greater capital efficiency.” Two permissionless lending pools, “opened by market makers Fasanara and Portofino, Clearpool’s borrowers since March 2023, are now… Read More

July 31, 2023 @ 7:27 pm By Omar Faridi  |  

Enclave Markets, which claims to be the world’s first fully encrypted exchange (FEX) that combines the best parts of centralized and decentralized finance, announced that it has entered into a strategic partnership with Hidden Road Partners, the global credit network for institutions. As a result… Read More

July 22, 2023 @ 3:48 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Radiant Capital, a lending and borrowing protocol built atop Binance Labs portfolio company, LayerZero Labs, and focused on “bridging fragmented liquidity across decentralized finance ecosystems.” This strategic funding round “emphasizes Binance Labs’… Read More

July 18, 2023 @ 1:45 pm By Omar Faridi  |  

The Chainlink Cross-Chain Interoperability Protocol (CCIP) has entered the Mainnet Early Access phase on the Avalanche, Ethereum, Optimism, and Polygon blockchains. DeFi protocols in derivatives and lending are “adopting CCIP, including Synthetix, which is live on CCIP mainnet, as well as Aave, with BGD Labs… Read More

July 18, 2023 @ 8:57 am By Omar Faridi  |  

We recently connected with Dr. Shira Brezis, CEO & Co-founder of Redefine, the “first” end-to-end security tech for DeFi investors. Dr. Shira discussed major issues financial institutions are concerned about regarding safety and security for web3 investing. Redefine helps enable secure transactions, monitor in real-time,… Read More

July 16, 2023 @ 11:48 am By Omar Faridi  |  

KTX.Finance, a “decentralized” perpetuals exchange on BNB Chain, announces a $4 million USD seed round financing led by Hashed. Other participants in the investment round “include: AlphaLab Capital, CRIT Ventures, 100&100 Ventures, Trinito Corporation / Morpheus, GSG Asset, KuCoin Ventures and Sky9 Capital.” Edward Tan,… Read More

July 14, 2023 @ 9:21 am By Omar Faridi  |  

On May 21, 2023, Multichain CEO Zhaojun was taken away by the Chinese police from his home and has been out of contact with the global Multichain team ever since. As noted via social media, the team claims they contacted the MPC node operators and… Read More