Tagged: defi

March 25, 2020 @ 6:44 pm By Omar Faridi  |  

Balancer Labs, a non-custodial asset manager, has secured $3 million in funding through a seed round led by Accomplice and Placeholder. Established in 2018, Balancer began operating as an initiative under BlockScience, a data analytics company. The project has been inspired by the development of… Read More

March 24, 2020 @ 11:38 pm By Omar Faridi  |  

Uniswap, a widely-used non-custodial digital asset exchange, has revealed that the decentralized protocol’s second iteration will launch during Q2 2020. It will add new features such as support for additional ERC-20 compliant pairs, more peer to peer price oracles, flash swaps and a new protocol… Read More

March 22, 2020 @ 6:13 pm By Omar Faridi  |  

MakerDAO, a leading Ethereum (ETH)-based decentralized finance (DeFi) platform, is currently in the process of carrying out an auction of MKR governance tokens in exchange for stablecoin Dai, in an attempt to cover around $4.5 million undercollateralized debt. On-chain (blockchain) data reveals that the Maker… Read More

March 19, 2020 @ 8:07 pm By Omar Faridi  |  

There are many outstanding or unanswered regulatory questions, after the recent guidelines provided by the Hong Kong Securities and Futures Commission. They require virtual asset fund managers to work with licensed custodians as they are tasked with controlling or managing assets both on-chain, and on… Read More

March 17, 2020 @ 10:31 pm By Omar Faridi  |  

The MakerDAO community is reportedly considering the possibility of adding the USDC stablecoin as an additional type of collateral in order to provide more Dai (another major stablecoin) liquidity into the decentralized finance (DeFi) platform. MakerDAO (where DAO stands for distributed autonomous organization) is an… Read More

March 17, 2020 @ 9:30 am By JD Alois  |  

Fireblocks, a digital asset platform for institutions, has integrated with Compound (compound.finance), a Decentralized Finance (DeFi) lending platform with $163M in interest-earning assets across 8 markets, according to a company release. Compound is backed by investors including a16z Crypto, Coinbase, Paradigm, and Polychain. Fireblocks claims… Read More

March 16, 2020 @ 9:59 pm By Omar Faridi  |  

Cardano (ADA), a proof-of-stake (PoS)-based blockchain network with a market cap of around $680 million (at the time of writing), is working on developing its commercial infrastructure. Cardano’s developers have reassured the cryptocurrency’s investors and other community members and stakeholders that development is still on… Read More

March 16, 2020 @ 10:39 am By JD Alois  |  

Draper Goren Holm has invested in DeFi Money Market (DMM) a platform that enables digital asset holders to Earn 6.25% backed by real-world assets, according to a company release. Draper Goren Holm is a young venture group that includes prominent VC Tim Draper. A noted crypto… Read More

March 14, 2020 @ 12:30 pm By Omar Faridi  |  

The recent Bitcoin (BTC) sell-off during the past few days has called into question the pseudonymous cryptocurrency’s ability (and narrative) to serve as a safe haven asset. As the price of BTC dropped significantly to below $4000, COO of Fintech firm Two Prime, Alexander S…. Read More

March 13, 2020 @ 6:50 pm By Omar Faridi  |  

MakerDAO, a leading Ethereum (ETH)-powered decentralized finance (DeFi) credit facility, is reportedly planning to conduct a MKR governance token auction within two days from now. This marks the first time that this type of event will take place in Maker’s history. The MKR auction, called… Read More

March 11, 2020 @ 11:27 pm By Omar Faridi  |  

Framework Ventures, a tech investment firm that focuses on decentralized finance (DeFi) solutions, revealed on March 10, 2020, that it has invested $400,000 in Futureswap, a decentralized (or non-custodial) futures exchange. Framework Ventures has also invested $500,000 in Commonwealth Labs, the creator of Edgeware, which… Read More

March 11, 2020 @ 6:39 pm By Omar Faridi  |  

Tether Ltd., a blockchain-powered platform that powers USDT, the world’s largest stablecoin by market cap, and Aave Protocol, an open-source and non-custodial protocol, are working cooperatively in order to promote the wider adoption of USDT in the evolving decentralized finance (DeFi) industry. USDT is used… Read More

March 11, 2020 @ 9:19 am By Omar Faridi  |  

Paradigm Labs, a decentralized finance (DeFi) initiative supported by Polychain Capital, Dragonfly Capital, and Chapter One Ventures, has decided to close down its operations. Liam Kovatch, chief executive at Paradigm, noted that the project is shutting down because the initiative’s developers were unable to identify… Read More

March 10, 2020 @ 7:29 am By Omar Faridi  |  

London-headquartered Argent, a digital asset wallet provider that integrates the services of several decentralized finance (DeFi) platforms, including Maker and Compound, has secured $12 million through a Series A investment round. Argent’s funding round was led by San Francisco-based Paradigm, a leading crypto asset investment… Read More

February 27, 2020 @ 8:32 am By Omar Faridi  |  

Compound, an open finance solution provider, has launched a new project that aims to decentralize the governance process for its non-custodial lending protocol and platform. The lending solutions’ developers noted that the platform’s governance token, COMP, will let its holders suggest, discuss, and make changes… Read More

February 15, 2020 @ 10:21 am By Omar Faridi  |  

bZX, a leading Ethereum-based decentralized finance (DeFi) lending protocol has reportedly been exploited. Although the exact amount of Ether (ETH) lost due to the exploit has not been confirmed, Kyle Kristner, co-founder at bZx, says “a portion of ETH [was] lost.” As reported by The… Read More

February 8, 2020 @ 5:33 pm By Omar Faridi  |  

The developers of Compound, a decentralized Ethereum-based lending protocol that forms part of the nearly $1 billion (at current valuations) DeFi ecosystem, had commissioned a stress test, which now reveals that the platform will be able to scale its total borrowed ETH value by 10x… Read More

February 7, 2020 @ 8:15 am By Omar Faridi  |  

Nearly $1 billion is now locked up into the evolving decentralized finance (DeFi) ecosystem, according to data site DeFi Pulse. The site tracks major Ethereum-based lending protocols including Maker, a projected managed by the Maker Foundation, a non-profit organization that supports the MakerDAO initiative, which… Read More

December 17, 2019 @ 5:21 pm By JD Alois  |  

As the end of the year closes, Crowdfund Insider receives a good number of comments on past events as well as future expectations. Earlier this week, CI received a comment from Charles Lu, CEO of Findora, a confidential network protocol for financial services like online… Read More

December 16, 2019 @ 10:30 pm By Omar Faridi  |  

Jack O’Holleran, CEO and co-founder at SKALE Labs, a company that’s developing solutions to improve blockchain consensus mechanisms, recently shared his views and insights with Crowdfund Insider. According to SKALE’s management, decentralized platforms must have greater throughput and lower transaction costs to satisfy the requirements… Read More