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Wintermute Wants to Become MKR Market-Maker Via Governance Vote
DeFi

Wintermute Wants to Become MKR Market-Maker Via Governance Vote

Market-making deals are usually sorted out in private, but DeFi might be making headway for transparency. Wintermute proposed a market-making deal with MakerDAO on Friday via the MakerDAO governance forum. It requested a loan of 10,000 MKR ($24M) from the DAO in order to provide market-making services for both DAI and MKR, across all kinds…
Jam Session #7: Frontends
DeFi

Jam Session #7: Frontends

We’ll be talking with a stellar collection of DeFi powerhouses about what it takes to create the next frontier… of frontend. What are the challenges they face when looking at UX/Ui within DeFi? What are the risks when going decentralized? And what will it take to get the next BILLION users on board this DeFi…
SocGen Wants To Borrow 20M Dai on MakerDAO Using Tokenized Bonds as Collateral
DeFi

SocGen Wants To Borrow 20M Dai on MakerDAO Using Tokenized Bonds as Collateral

There’s a meme on crypto Twitter that calls DeFi the “future of France” as a play on the phrase the future of finance. Well, there may be more truth to the meme than many expected. Société Générale, the third-largest bank in France, has proposed to borrow Dai in MakerDAO using bonds it issued on the…
New 1inch Feature Seeks to Keep US Users Away
DeFi

New 1inch Feature Seeks to Keep US Users Away

1inch, a decentralized exchange aggregator, introduced a feature which pushes its users to verify whether they are US residents.  The feature requires users to sign an agreement with their cryptocurrency wallet stating that they are not in the United States. While the signature doesn’t go directly onto the blockchain, 1inch could post it there if…
Visa Sketches a Global Network of Central Bank Digital Currencies With Itself at the Center
DeFi

Visa Sketches a Global Network of Central Bank Digital Currencies With Itself at the Center

You may never be able to send a message from Telegram to a friend on WhatsApp, but you might be able to send dollars from a digital wallet issued by the U.S. Treasury to a wallet from the People’s Bank of China, only the recipient will receive the payment in yuan. That’s the vision that…
NFT Profile Pics on Twitter: Will @Jack’s DeFi Move be a Game Changer?
DeFi

NFT Profile Pics on Twitter: Will @Jack’s DeFi Move be a Game Changer?

A growing category of social media users now prefers using cartoons rather than their own photos to identify themselves online. They especially like cartoons that are as unique as their real faces.  Non-fungible token (NFT) technology makes it easy for a person to know they are the only person who owns such an image. The…
Compound Finance Pays Out Millions in Excess COMP After Buggy Update
DeFi

Compound Finance Pays Out Millions in Excess COMP After Buggy Update

Compound Finance’s smart contracts paid users an excess of millions of dollars in COMP tokens after a protocol update was deployed with a flaw in the code.  The impact of the bug is limited to 280K COMP tokens and does not affect user deposits or loans, founder Robert Leshner said in a tweet. Just over…
Avalanche's AVAX Token is Set to be Listed on Coinbase Pro
Blockchains

Avalanche's AVAX Token is Set to be Listed on Coinbase Pro

Coinbase Pro is set to list Avalanche’s AVAX token for trading on Sept. 30, according to a Medium post from the company.  Despite the listing, AVAX’s price action has been flat — changing  2.4% to $64.82 since the listing was announced on the morning of Sept. 29 on Coinbase’s Twitter.  Subscribe for free to get…
Non Fungible Debt Positions with JPEG'd
NFTs & Web3

Non Fungible Debt Positions with JPEG'd

JPEG'd is a new project that will allow NFT owners to deposit their NFTs as collateral into a vault and be able to take out a loan in PUSd.
Startup Icon AngelList Embraces DeFi by Opening Site to USDC
NFTs & Web3

Startup Icon AngelList Embraces DeFi by Opening Site to USDC

Add AngelList to the ever-lengthening list of mainstream tech outfits going crypto. On Tuesday it started letting investors use USDC-enabled funds on its site.  It’s a significant move. For the last decade, AngelList’s online bulletin board for angel investors and job-seekers has made it a valuable utility in the U.S. startup scene by playing matchmaker…