Day: February 10, 2021

AirSwap Enables Token-Based Governance

Ethereum applications incubator ConsenSys has completed the transition to Phase II of their decentralized peer-to-peer trading system, AirSwap, enabling token-based governance. AirSwap said their token launch participants included over 9k people from 135 different countries. Now with Phase II completed, they’re aiming to push their network development further. AirSwap is now inviting users to stake …

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Spartan Group Launches New DeFi Venture Fund

The Spartan Group has announced the launch of its $50M Spartan DeFi Venture Fund aimed to back new founders and innovators in the DeFi space. The group has raised $30M of their targeted $50M. Investors include bankers and finance industry veterans who want to see DeFi succeed as the future of finance.  They pitch themselves …

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Yearn Hack Sparks $1.7M DeFi Insurance Claim Controversy

Last week’s Yearn Finance hack has a DeFi user wrestling with an insurance protocol over a $1.7M claim. Twitter user kferretcrypto, who bought a claim provided by Nexus Mutual, an insurance protocol, in September, tweeted on Feb. 6 that the Yearn hack triggered a 1,000 Ether payout (or about $1.7M), by ArmorFi, an insurance aggregator …

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Yearn Restores yDAI Vault and Compensates Hack Victims

Yearn Finance, the yield aggregator protocol which suffered the first major hack of 2021 last week, is healing, making its Dai savings smart contract available to users again, and compensating victims of its recent hack. Yearn has restored its yDAI vault and returned $9.7M in DAI funds to users who had their stablecoins deposited in …

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