Tagged: defi

May 26, 2023 @ 9:15 am By JD Alois  |  

The European Systemic Risk Board (ESRB) has published a report providing a succinct outline of the global digital asset industry while outlining policy recommendations to regulate crypto and decentralized finance (DeFi). Similar to other reports, the ESRB views crypto as not systemically risky while noting… Read More

May 23, 2023 @ 3:03 pm By Omar Faridi  |  

RedStone, originator of the next-generation decentralized finance oracle platform, has announced an exclusive $350,000 angel investment round led by Web3 professionals including Stani Kulechov, Sandeep Naiwal, Alex Gluchovski and Emin Gün Sirer. The support from a host of Web3 pioneers “demonstrates the pronounced need for… Read More

May 21, 2023 @ 7:06 pm By Omar Faridi  |  

Beanstalk, which claims to be the “pioneering” monetary experiment built to address the inefficiencies of hard money, announces a series of protocol improvements voted in by the DAO. With the upcoming series of Mayflower Updates, the protocol and its DAO are focused on the task… Read More

May 9, 2023 @ 7:53 am By Omar Faridi  |  

MakerDAO, which claims to be the “longest-standing” DeFi lending protocol and creator of DAI, the original decentralized stablecoin, has announced the official launch date of Spark Protocol, a MakerDAO-centric decentralized application. Starting from May 9th, Spark Protocol will “serve as the underlying infrastructure for Spark… Read More

April 29, 2023 @ 12:32 pm By Omar Faridi  |  

The Neon Foundation, the Neon EVM ecosystem accelerator, has entered into a strategic partnership with Pyth Network, a “next-generation” oracle “designed to publish high-fidelity financial market data at sub-second latency to multiple blockchains.” Pyth Network is now “available to all protocols built on Neon. This… Read More

April 28, 2023 @ 1:04 pm By Omar Faridi  |  

Giddy, the self-custody smart wallet that connects crypto holders to DeFi earning opportunities, has raised $6.9 million in a fresh round of funding. The capital raised from the investment round will be used “to further Giddy’s mission of bringing easy crypto DeFi adoption to the… Read More

April 27, 2023 @ 10:00 am By Omar Faridi  |  

As the world becomes more digitized, auction houses are turning towards decentralized technology to improve the auction process. Decentralized Finance (DeFi) technology is one such innovation that could transform the auction industry, bringing transparency, security, and accessibility to the table. With the rise of blockchain… Read More

April 27, 2023 @ 9:40 am By Omar Faridi  |  

DFlow, a “decentralized” payment for order flow (PFOF) protocol that enables wallets and crypto trading applications to sell their flow to best-execution market makers via open and permissionless auctions, announced that it has successfully raised a $5.5 million funding round led by Framework Ventures, a… Read More

April 24, 2023 @ 6:57 pm By Omar Faridi  |  

In a move that should help lenders make better, more informed decisions on credit applications submitted using blockchain technology, TransUnion (NYSE: TRU) has partnered with Spring Labs and Quadrata in order “to deliver off-chain credit scoring to DeFi and Web3 applications (internet applications based on… Read More

April 14, 2023 @ 3:13 pm By Omar Faridi  |  

The Evergreen Subnet, “Spruce,” has been launched with an initial cohort of institutional partners that includes T. Rowe Price Associates, WisdomTree, Wellington Management, and Cumberland. Participating institutions will be using Spruce “as a testnet for a variety of applications and assets to measure the benefits… Read More

April 14, 2023 @ 8:05 am By Matthew G. White  |  

Recent headlines have highlighted significant risks associated with investments in cryptocurrency. For instance, in recent months, we have seen the price of various cryptocurrencies plummet, creating a “crypto winter” (though prices have recently been swinging back up, demonstrating the volatility risk associated with cryptocurrency). As… Read More

April 11, 2023 @ 1:27 pm By Omar Faridi  |  

Pine Street Labs says they are focused on making blockchains usable for all users. As noted in a blog post, each new blockchain “introduces unique transaction lifecycles, encoding schemes, consensus engines, architectures, and more.” As explained in an update from Pine Street Labs, the technical… Read More

April 9, 2023 @ 3:03 pm By Omar Faridi  |  

The team at TwoX Protocol, which claims to be a decentralized finance protocol issuing yield generative stablecoin, is pleased to announce that TwoX protocol will be “launched on Arbitrum.” Their team have been “researching & discussing which infrastructure is great fit to deploy TwoX primarily since… Read More

April 6, 2023 @ 6:14 pm By JD Alois  |  

Earlier today, the US Department of Treasury posted a report on DeFi entitled “2023 DeFi Illicit Finance Risk Assessment.”  For the first time, Treasury addressed the concept of DeFi  – a sector of digital assets that engenders challenges for regulators. Treasury noted that DeFi is… Read More

April 6, 2023 @ 1:29 pm By JD Alois  |  

DeFi, or decentralized finance, took fire from the US Department of Treasury today as part of an ongoing policy attack targeting the crypto industry. Treasury published the “2023 DeFi Illicit Finance Risk Assessment,” the first report on DeFi that outlines the risk of the popular… Read More

April 4, 2023 @ 10:07 pm By JD Alois  |  

Pine Protocol has announced its launch on the Polygon blockchain. Polygone enables Ethereum scaling solutions powering some big platforms like Aave, Uniswap, and OpenSea. Pine Protocol is a “decentralized non-custodial protocol that facilitates NFT asset-backed loan transactions between lenders and borrowers.” Borrowers may leverage their NFTs… Read More

April 3, 2023 @ 8:07 pm By Omar Faridi  |  

Unizen is pleased to announce a partnership with DWF Labs, a global digital asset market maker and multi-stage Web3 investment firm. This collaboration will enhance their mission “to address the challenges faced by Web3 technology and create a seamless, frictionless experience for users by bringing… Read More

March 29, 2023 @ 9:26 am By Omar Faridi  |  

MakerDAO, which claims to be the longest-standing DeFi lending protocol and creator of DAI, the original, “decentralized” stablecoin, has announced the approval of the Maker Constitution. Succeeding in a Governance Poll on the MakerDAO forum, The Maker Constitution will gradually “change the operations of MakerDAO,… Read More

March 15, 2023 @ 10:37 pm By Omar Faridi  |  

Wemade Co., Ltd, which claims to be one of the largest publicly-listed gaming companies in South Korea with a market capitalization of $1.4 billion, has announced a strategic partnership with Space and Time (SxT), a key player focused on decentralized data warehousing. The partnership will… Read More

March 10, 2023 @ 10:13 am By Omar Faridi  |  

Violet, the provider of privacy-protective compliance and identity infrastructure for Decentralized Finance (DeFi), announced the launch of Mauve, the compliant Decentralized Exchange (DEX) purpose-built “to offer the best of both DeFi and Traditional Finance (TradFi) to the crypto markets.” Backed by $15 million in funding… Read More