Tagged: defi

July 27, 2021 @ 12:04 pm By Omar Faridi  |  

We recently connected with Fernando Martinelli, the Co-founder and CEO at Balancer Labs, which supports the ongoing development of Balancer, an automated portfolio manager and digital asset liquidity provider. As covered in May 2021, Balancer Version 2.0, the “most flexible” and efficient automated market maker… Read More

July 27, 2021 @ 7:34 am By Omar Faridi  |  

Giant Wall Street investment bank Goldman Sachs (NYSE:GS) has reportedly submitted an application with the US Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that could provide exposure decentralized finance (DeFi) and blockchain initiatives to public firms. Although there are not too many… Read More

July 26, 2021 @ 8:23 pm By Omar Faridi  |  

C.R.E.A.M. Finance, a decentralized lending protocol, has revealed that it will be “the first” protocol in the decentralized finance (DeFi) space to provide a Euro-backed stablecoin in, “with the addition of Tether tokens pegged to the euro (EURt).” Paolo Ardoino, CTO at Tether Operations Limited,… Read More

July 25, 2021 @ 9:12 pm By Omar Faridi  |  

Digital assets firm Gemini announced earlier this week that they’re supporting Tez or XTZ, the native token of the Tezos ecosystem, which is one of the longest-running Proof of Stake or PoS blockchain networks. XTZ is currently available for trading and you may also now… Read More

July 25, 2021 @ 8:09 pm By Omar Faridi  |  

The team at digital assets firm Kraken has revealed that cryptocurrency savings accounts are quickly becoming an “attractive option over traditional savings accounts.” As interest rates continue to decline – sometimes going negative at European banks and other jurisdictions – consumers are increasingly looking for… Read More

July 24, 2021 @ 2:00 pm By Omar Faridi  |  

Decentralized finance (DeFi) Oracle Band Protocol is enhancing its interoperability within the Cosmos ecosystem. As of July 22, 2021, the Band Oracle has reportedly been integrated into the Cosmos ecosystem, via Starport, in order to further “the realization of the Internet of Blockchains.” As mentioned… Read More

July 23, 2021 @ 5:20 pm By Omar Faridi  |  

Chainlink (LINK) price feeds are now live on Avalanche mainnet, which should help pave the wave for advanced decentralized finance (DeFi) apps. Developers are now able to create externally connected smart contracts on Avalanche mainnet by utilizing Chainlink-based decentralized Oracle networks. As noted in an… Read More

July 22, 2021 @ 7:09 pm By Tony Zerucha  |  

dollarVenture studio Thesis has completed a $21 million Series A round. Participants include ParaFi Capital, Nascent, Fenbushi Capital, Polychain Capital, and Draper Associates along with Kain Warwick, James Prestwich, Viktor and Lisa Bunin, and Josh Cincinnati. Founded in 2014, Thesis’ portfolio includes Fold, Keep, Saddle… Read More

July 20, 2021 @ 5:24 pm By Tony Zerucha  |  

Canadian VC firm ThreeD Capital, which invests in junior resources and disruptive technologies, has invested $400,000 in DeFi Yield Technologies, developers of a proprietary automated yield engine for decentralized finance that leverages different DeFi protocols and strategies to increase diversification, maximize yield, while minimizing exposure… Read More

July 19, 2021 @ 9:19 pm By Omar Faridi  |  

Fuse Network, a blockchain or DLT infrastructure supporting mobile payments, reveals that it has teamed up with ICHI in order to empower any community to “fully control its own money.” As mentioned in an update shared with CI: “Fuse Network has grown quickly by lowering… Read More

July 19, 2021 @ 6:14 pm By Omar Faridi  |  

The team at global Fintech Circle, which will go public in a $4.5 billion SPAC deal, notes that the promise of decentralized finance (DeFi) is to transform or fundamentally improve financial services by offering greater transparency, security, and community governance by leveraging blockchain or distributed… Read More

July 19, 2021 @ 10:32 am By JD Alois  |  

Grayscale, a digital asset manager that offers crypto funds to retail investors with more than $28 billion in assets under management as of July 16, 2021, has partnered with CoinDesk on a new DeFi (Decentralized Finance) fund, according to a release. The Grayscale DeFi Fund… Read More

July 17, 2021 @ 10:34 am By Omar Faridi  |  

The team at YIELD App, the developers of a fast-growing wealth management platform for digital assets, has published their second progress report – which reveals that users for their app have doubled while assets have increased by 3x since the last update. The YIELD App… Read More

July 16, 2021 @ 5:20 pm By Omar Faridi  |  

SCB 10X, the venture division of Thailand’s Siam Commercial Bank or SCB (BKK: SCB), has confirmed its most-recent investment into the decentralized finance (DeFi) space through asset aggregator and portfolio dashboard provider, Ape Board. The firm, which currently has over 350,000 users, acquired within 4… Read More

July 16, 2021 @ 9:55 am By Omar Faridi  |  

Blockpass and OpenDeFi are pleased to confirm their new partnership. Blockpass and OpenDefi will be working together to offer regulatory compliance, security and various other benefits to the intersection of decentralized finance and real-world assets, referred to as  “Open Finance.” The two organizations will also… Read More

July 16, 2021 @ 8:09 am By Omar Faridi  |  

Switzerland’s InCore Bank, the B2B banking solution provider, reveals that it has launched a comprehensive crypto-asset service. The securitization solution, called CRYSP, was developed with assistance from GenTwo Digital, a provider of innovative securitization platforms for crypto-assets. The solution enables fund managers, whether they’re from… Read More

July 14, 2021 @ 8:49 pm By Tony Zerucha  |  

Multi-chain DeFi products ecosystem Persistence today launched the mainnet for pSTAKE, its liquid staking solution. In the first phase Cosmos will be supported with such networks as Solana, Polkadot and Ethereum being added later on. pSTAKE is designed to unlock the liquidity of staked assets…. Read More

July 14, 2021 @ 6:54 pm By Priyanka Pani  |  

Phantom, a multi-chain crypto wallet, has raised $9 million in Series A funding led by Andreessen Horowitz  (A16z).  Variant Fund, Jump Capital, DeFi Alliance, and Solana Foundation also participated in the round along with Garry Tan, an early Coinbase investor and other angel investors from Compound, dYdX, Audius, Lolli, and Ethereum Foundation. Phantom plans to use… Read More

July 14, 2021 @ 9:00 am By Omar Faridi  |  

Mettalex, a decentralized cryptocurrency and traditional commodities derivatives trading platform that is powered by Fetch.ai, reveals that it has launched DEX Yield Farming for commodities, adding new markets to the decentralized finance (DeFi) ecosystem. Liquidity providers are now able to generate a “highly-competitive” yield by… Read More

July 12, 2021 @ 11:59 am By Omar Faridi  |  

YIELD App, the decentralized finance (DeFi) wealth management platform that’s focused on combining the best of traditional and digital finance, is pleased to confirm that they have launched a Bitcoin Fund, enabling users to earn “high-interest” returns on the world’s leading cryptocurrency, Bitcoin (BTC). As… Read More