Tagged: defi

September 6, 2022 @ 9:23 am By JD Alois  |  

Credix, a Brazilian Fintech, has raised $11.25 million in Series A funding, according to a corporate statement. The Credix funding round was led by Motive Partners’ Early Stage fund and ParaFi Capital. Other investors include Valor Capital Group, Victory Park Capital, MGG Investment Group, Circle… Read More

September 4, 2022 @ 2:31 pm By Omar Faridi  |  

So far in 2022, $2,338,910,183 billion has been “lost to various scams and exploits in the Web3 world and a total of ~377 attacks recorded this year,” according to an update shared by CertiK. Just like in July, August has “seen the same number of… Read More

August 31, 2022 @ 8:12 pm By Omar Faridi  |  

The team at RedStone is pleased to announce that in August 2022, they successfully raised a $7M seed round led by Lemniscap in order “to pursue [their] mission of powering Web3 innovation with a novel approach to on-chain data storage.” The funds will play a… Read More

August 31, 2022 @ 1:07 pm By Omar Faridi  |  

dAMM Finance is building a decentralized borrowing and lending protocol for crypto assets that is “highly capital efficient” and accessible for many token projects. Credora is partnering with dAMM “to conduct privacy-preserving credit evaluations and real-time risk monitoring on eligible dAMM borrowers.” The partnership will… Read More

August 31, 2022 @ 10:00 am By Omar Faridi  |  

The FBI [Federal Bureau of Investigation] is warning investors that cybercriminals are “increasingly exploiting vulnerabilities in decentralized finance (DeFi) platforms to steal cryptocurrency, causing investors to lose money.” The FBI has “observed cybercriminals exploiting vulnerabilities in the smart contracts governing DeFi platforms to steal investors’… Read More

August 30, 2022 @ 8:13 am By Omar Faridi  |  

Robert Leshner, the full-stack founder of Compound, notes that transparent, fair, autonomous interest rate markets should be available for all consumers. Compound launched in September 2018, and was reportedly “the first instance of user-to-protocol (rather than peer-to-peer) collateralized borrowing.” The ideas and innovations from this… Read More

August 27, 2022 @ 4:41 pm By Omar Faridi  |  

Liminal, a wallet operations infrastructure, extended its existing partnership with Polygon to offer staking “within the digital wallet platform.” Digital asset holders may now “benefit from the security of Liminal’s self-custody wallets along with the earnings potential of staking on Polygon.” Furthermore, with this announcement… Read More

August 25, 2022 @ 8:29 pm By Omar Faridi  |  

MakerDAO, the “longest-standing” DeFi lending protocol and creator of DAI, the “original,” decentralized stablecoin, announced that Huntingdon Valley Bank (HVB) has been “approved to utilize a $100M participation facility, funded by a Maker Vault.” Through this development, HVB, a Pennsylvania Chartered Bank founded in 1871… Read More

August 24, 2022 @ 7:27 pm By JD Alois  |  

Interest Protocol, a borrow/lend protocol launched in June 2022, has announced a strategic partnership with Chainlink Labs. Interest Protocol previously incorporated Chainlink Price feeds for data. Interest Protocol states that it is integrating Chainlink Keepers to help automate smart contract functions. Chainlink Proof of Reserves… Read More

August 24, 2022 @ 11:34 am By Omar Faridi  |  

In a recent interview, Michael Shaulov, Co-founder & CEO of Fireblocks– a digital asset and crypto technology provider – offered his insights into what’s happening now with DeFi, banking, and Web3. Fireblocks, which claims to be the #1 provider of digital asset and crypto custody… Read More

August 15, 2022 @ 8:58 am By JD Alois  |  

Acala’s stablecoin aUSD, the “decentralized stablecoin of Polkadot” has lost its stablecoin status as it has depegged from the US dollar – now trading at around $0.85 but having dropped to almost $0.50. In a series of Tweets, Acala claimed the fall in value was… Read More

August 15, 2022 @ 8:31 am By Omar Faridi  |  

Michael Nadeau, the Director of Ecosystem Strategy at Invenium and Founder of The DeFi Report, recently noted that the Ethereum merge to proof of stake is “setting up to be one of the most important moments in the history of crypto.” The investing community is “bullish… Read More

August 14, 2022 @ 10:56 pm By Omar Faridi  |  

Maven 11 has introduced a Permissioned Pool with assistance from Maple Finance. The initial pool size will be $40 million in USDC with a decent risk-adjusted return to investors. Initial participants for the pool include Flow Traders, Wintermute and Auros. The pool may issue loans… Read More

August 12, 2022 @ 10:20 pm By Omar Faridi  |  

The 1inch API continues to expand in the DeFi space, “now strengthening the swapping functionality of the KuCoin Wallet, focused on opening the gateway to Web3 world to its users.” As noted in an update shared with CI, the 1inch Network confirmed that the 1inch… Read More

August 12, 2022 @ 4:59 pm By Omar Faridi  |  

Injective, a blockchain built for finance, recently announced a new $40 million funding round led by Jump Crypto. BH Digital, the crypto arm of famed hedge fund manager Alan Howard, has also joined the investment round. Injective claims it is “the first fully decentralized smart… Read More

August 5, 2022 @ 8:52 am By Omar Faridi  |  

Advanced smart contracts are “finally coming” to Bitcoin. The DFINITY R&D team has announced “the beta release of the Internet Computer’s direct integration with the Bitcoin network, which eliminates any reliance on a trusted intermediary or bridge.” Developers can immediately “begin testing and building with… Read More

August 3, 2022 @ 11:56 am By JD Alois  |  

Portal, a blockchain firm that has gained the backing of Coinbase Ventures, is raising growth capital on Republic. As it stands today, Portal has raised over $581,000 in less than two weeks. The offering has garnered the backing of 94 investors with just five days… Read More

July 23, 2022 @ 9:17 am By Omar Faridi  |  

Decentralized finance (DeFi) trading platform Hashflow, founded in 2021, has announced it has raised $25 million in funding “bringing its valuation to $400 million.” The investment round included returning investors Electric Capital, Dragonfly Capital Partners, LedgerPrime, and Balaji Srinivasan, “along with crypto-native new investors and… Read More

July 22, 2022 @ 11:02 am By Omar Faridi  |  

Sommelier, the automated DeFi portfolio management platform, announced the launch of the first Cellar, or “community-governed,” dynamic investment strategy vehicle, on the platform. This Cellar is “active on Aave and leverages machine learning to dynamically move assets between several stablecoin lending positions.” Users need “only… Read More

July 21, 2022 @ 11:54 am By Omar Faridi  |  

AQRU plc, an incubator specializing in decentralized finance (DeFi), announces that its wholly owned subsidiary, Accru Finance Ltd., has entered into a partnership with Sweden’s crypto company Quickbit eu AB (publ), in order to “bring its yield generating products to a wider audience.” Quickbit is… Read More