Tagged: defi

November 8, 2022 @ 10:03 pm By Omar Faridi  |  

Friktion, Solana’s portfolio management platform launched in December 2021, has successfully attracted crypto-native and traditional institutions “managing up to $60 billion in AUM who seek to access leading risk-adjusted and transparent yields on DeFi.” Friktion Institutional is “a new arm of the protocol aimed to… Read More

November 7, 2022 @ 9:43 am By Omar Faridi  |  

The BIS Innovation Hub is launching a new project around central bank digital currencies (CBDCs) and Decentralized Finance (DeFi) protocols “as part of its 2022 work program.” Project Mariana “explores automated market makers (AMM) for the cross-border exchange of hypothetical Swiss franc, euro and Singapore… Read More

November 2, 2022 @ 12:08 pm By JD Alois  |  

DBS, a Singapore-based financial institution that operates across Asia, has announced that it has utilized permissioned DeFi liquidity pools on a public blockchain to test FX trading and government securities transactions. According to DBS, the first industry pilot included JP Morgan, and SBI Digital Asset… Read More

November 1, 2022 @ 10:44 pm By Omar Faridi  |  

Sei, a first sector specific Layer 1 specialized for trading and fastest chain to finality, joins together with Alpha Venture DAO, a Web 3.0 venture builder, “to deliver the most competitive incubation program, ‘Alpha Incubate Batch 2’ to DeFi builders.” They are collaborating to give… Read More

November 1, 2022 @ 9:15 am By Lee Schneider  |  

Blockchain seems to be an endless source of misunderstanding and myth-making, to the extent that sometimes it is treated as a form of magic. This needs to stop.    Blockchain is awfully cool, it solves an important issue for the internet age, and it is… Read More

November 1, 2022 @ 7:43 am By Omar Faridi  |  

The ‘Learn & Earn’ course launched with Revolut will “broaden newcomers’ understanding of DeFi and help to shape their decentralized future experience in an easy, fun and efficient way.” Aiming to empower more people with DeFi knowledge, the 1inch Network is happy to announce “the… Read More

October 25, 2022 @ 9:25 am By JD Alois  |  

QuickSwap, a decentralized crypto exchange and automated market maker (AMM), has shut down QuickSwap Lend following an exploit. According to a Tweet by the platform, approximately $220,000 was pilfered in a “flash loan” due to a vulnerability. ⚠️QuickSwap Lend is closing⚠️ 🔗$220k was exploited in… Read More

October 24, 2022 @ 9:30 pm By Omar Faridi  |  

Exodus Movement, Inc. (tZERO and Securitize ATS:EXOD), which claims to be the leading self-custodial cryptocurrency software platform, and Polygon Technology, a developer of Polygon, the Ethereum scaling blockchain protocol Polygon supporting Web3 technology for millions of users, recently announced “the addition of Polygon support in… Read More

October 24, 2022 @ 8:31 am By Omar Faridi  |  

Ottr, a Web3 mobile app that makes holding crypto easier and more secure than ever, is pleased to announce it has “closed on a $3.1 million pre-seed funding round led by Race Capital with participation from Circle Ventures, Slow Ventures, and Kamal Ravikant.” Ottr will… Read More

October 23, 2022 @ 6:34 pm By Omar Faridi  |  

Pyth Network is pleased to announce that the Pyth price feeds are now available on Aptos mainnet. Thanks to the support of Wormhole and Aptos Labs, the team is pleased “to enable anyone building the future of finance on Aptos to leverage Pyth’s high-fidelity data… Read More

October 16, 2022 @ 6:14 pm By Omar Faridi  |  

CANVAS, a DeFi infrastructure company, is pleased to announce the testnet launch of CANVAS Connect, the Layer 2 scaling solution “built for the digital economy.” CANVAS Connect was “built in partnership with StarkWare, using the company’s STARK Proofs to batch DeFi transactions.” The new service… Read More

October 16, 2022 @ 6:14 pm By Omar Faridi  |  

OKX, which claims to be the world’s “second largest” cryptocurrency exchange (presumably after Binance), announced that it is partnering with Pyth network, a next-generation Oracle solution built on the Solana blockchain and designed “to provide trusted and verifiable market data to decentralized applications.” Pyth operates… Read More

October 9, 2022 @ 10:32 pm By Omar Faridi  |  

MakerDAO, the “longest-standing” DeFi lending protocol and creator of DAI, the “original,” decentralized stablecoin, announced “the strategic investment of $500M USD (converted from $500M DAI) into a combination of US Short Treasuries and Investment Grade Corporate Bonds.” The move, which will be initiated by DeFi… Read More

October 9, 2022 @ 1:47 pm By Omar Faridi  |  

Geode Finance, a liquid staking infrastructure provider for DAOs, has successfully deployed on Avalanche Mainnet, partnering with Yield Yak “to launch their own liquid staking solution and token, yyAVAX.” With Geode’s infrastructure, DAOs can “unlock new revenue streams and capture the full value of PoS… Read More

October 4, 2022 @ 3:19 pm By Omar Faridi  |  

Uniqo, an innovative decentralized finance (DeFi) project for stable and secure financial investments, has reportedly launched a new feature. As the “first” Rebound protocol in the emerging space, Uniqo aims “to address all of the problems of the crypto market—unstable returns, extreme volatility, questionable smart… Read More

September 22, 2022 @ 10:02 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has filed and settled charges against bZeroX and founders Tom Bean and Kyle Kistner. The CFTC alleges that respondents illegally offered leveraged and margined retail commodity transactions in digital assets. The CFTC states that the activity can only be… Read More

September 21, 2022 @ 9:10 pm By Omar Faridi  |  

The team at Fireblocks is pleased to announce support for DeFi on NEAR, “enabling connection to NEAR dApps via their Web3 engine.” Effective immediately, Fireblocks users can “securely access DeFi yields through lending, borrowing, and any Web3 apps built for NEAR that integrate WalletConnect.” Fireblocks… Read More

September 20, 2022 @ 11:10 pm By Omar Faridi  |  

The BIS Innovation Hub’s Hong Kong Centre and the Hong Kong Monetary Authority have introduced Project Dynamo, which aims “to deliver a prototype for the compliant use of decentralized finance (DeFi) tools, such as blockchain and smart contracts, to improve access to finance for unfunded… Read More

September 20, 2022 @ 9:57 pm By Omar Faridi  |  

Bictory Finance, a Web3 software technology company, tackling safety & regulatory problems across chains in the DeFi & NFT space, has launched the Concordium Name Service (CNS), a wallet naming system that “maps human-readable names to blockchain addresses for a more friendly on-chain experience.” The… Read More

September 15, 2022 @ 7:45 pm By Omar Faridi  |  

Naoris Protocol, the blockchain and AI-based Decentralized CyberSecurity Mesh that restores cybersecurity across all sectors of the economy, is announcing a partnership with WACEO, a non-profit specialized in governance, legal, and regulatory compliance “serving DeFi projects, DAOs, DEXs, and other Web3 projects across the globe.”… Read More