DeFi is Deleveraging After Liquidations
Crypto markets experienced a severe correction over the weekend, with most assets dropping double digits. While difficult to pinpoint a specific cause for the drop,
Injective Protocol Raises $10M at $1B Valuation From Investors Including Pantera
Injective Protocol, a decentralized derivatives exchange, said it raised a $10M at a $1B valuation from investors including Pantera Capital, BlockTower, Hashed, Cadenza Ventures (formerly
Synthetix to Add Tokens Linked to FAANG Stocks
Synthetix users will soon be able to trade proxies of the most popular US tech stocks. Synthetix, the synthetic derivatives protocol, will launch its Alnilam
Compound Finance Fork EasyFi Loses Over $60M in Admin Key Hack
EasyFi, a Compound Finance fork launched directly on the Polygon Layer 2 Network, suffered a major hack on Monday, losing over $60M of the project’s
Defiant Degens: How to Master Tranche Lending and Farm Yield on BarnBridge
We will be hosting a weekly tutorial on the most compelling opportunities to consider yield farming, written by our friend DeFi Dad, an advisor to
Curve Finance Launches on Layer 2 Solution Polygon
Slowly then all at once. DeFi projects’ moves to Ethereum Layer 2s are coming weekly now with Curve Finance joining Polymarket and Aave in the
NFThub Launches Landing Pad for NFT Metaverse
NFThub, which describes itself as a landing pad to navigate the NFT metaverse, emerged from “stealth Beta” this week with the launch of its governance
Balancer V2 is Now Live Along With $2M Bug Bounty
Balancer Protocol’s updated smart contracts, which allow for users to further customize token pools, are now public and open source. The project is offering a
Liquity Network Attracts Over $2.4B in Assets in Two Weeks
Liquity Network, relatively unknown before its April 5 launch, now has $2.4B of ETH locked, placing it 11th among all Ethereum protocols, ahead of open
Meme-Makers Are Finally Cashing in On Internet Fame With NFTs
Before, going viral offered didn’t much more than internet fame. Now, it’s providing the humans behind the memes with hefty paydays, thanks to NFTs. The
Ether Locked in DeFi at All-Time High After Market Crash
An all-time high of 11.2M Ether is locked in DeFi protocols, despite a weekend sell-off. Liquidations spiked, while tokens continue sliding. Locked Ether’s resilience may show
Low-ish Ethereum Gas Fees Point to Flashbots Adoption
As ETH reaches new highs and the larger DeFi market booms, average gas prices have remained surprisingly stable throughout April––and that may be all thanks
ShapeShift and THORChain Enable BTC-to-ETH Trading
ShapeShift’s mobile platform has integrated with multi-chain liquidity protocol THORChain to offer native Bitcoin trading without KYC. THORChain’s recently launched multichain “chaosnet” enables cross-chain swaps
MakerDAO Will Soon Hold Real-World Assets as Collateral
A MakerDAO proposal to accept an ERC-20 token which represents shares in a pool of real estate assets as collateral in the Maker protocol passed
It’s “Up Only” For ETH and DeFi
Ether and the most popular DeFi metrics are all smashing through new records. Ether continues to push higher, hitting a record of $2487 earlier today,
zkPorter Promises to Bring 20,000 TPS to Ethereum
zkSync introduced an Ethereum Layer 2 solution called zkPorter yesterday promising to push the blockchain’s transactions per second (TPS) capabilities to over 20,000. This would
Ethereum Berlin Upgrade Ships Tomorrow Aiming to Reduce Gas Costs
The Ethereum Berlin hard fork ships tomorrow. The upgrade contains four Ethereum improvement proposals (EIPs) mainly aimed at optimizing gas costs, and is the first
Coinbase Listing Highlights DeFi Will Shape the Crypto Exchange’s Future
Coinbase listed its stock today on the Nasdaq exchange at $381 per share and an initial market cap of $99.6B, marking the historic first entry
Defiant Degens: How to Farm 76% APR with alUSD on Alchemix
We will be hosting a weekly tutorial on the most compelling opportunities to consider yield farming, written by our friend DeFi Dad, an advisor to
DeFi is Becoming a Consumer Product
DeFi is catching the attention of the mainstream consumer, as NFTs draw artists in and Elon Musk to Mark Cuban sing its praises. Introducing DeFi
PancakeSwap’s Total Value Locked Overtakes Uniswap’s
PancakeSwap, a Binance Smart Chain automated market maker, surpassed Uniswap’s total value locked for the first time yesterday hitting $7.87B, a mark $100M higher than
Buyout Period for Top-Notch NFT Bundle B20 is Live
The buyout contract for the B20 NFT bundle is live, meaning that 20 single-edition Beeple NFTs are back on the market in a winner-takes-all lot.
Step Finance Raises $2M in Round Led by Alameda Research
Step Finance, a Solana app which aggregates users’ DeFi activities across the blockchain’s open finance ecosystem has raised $2M in a round led by Alameda
New York Stock Exchange Drops Six NFTs Commemorating Companies’ First Trade
The New York Stock Exchange (NYSE) announced yesterday that it will mint six NFTs on financial services company Crypto.com’s new NFT platform. The NFTs will
Defiant Media Raises $1.4M to Build the Financial Information Platform for Web3
Defiant Media Inc., the creator of The Defiant, closed a $1.4M pre-seed round to build the leading information company at the intersection of tech and
NFTs Will Be Far Bigger as Digital Clothes Than as Collectibles
When I first read about the $69M NFT being sold at Christie’s, I thought it was incredible. But I certainly did not think it was
zCloak Network Closes $1.3M Seed Round Led by IOSG and Hypersphere
zCloak Network, a Polkadot-based and privacy-focused computing platform, announced it closed a $1.3M seed round led by IOSG Ventures and Hypersphere Ventures. Other notable participants
C.R.E.A.M. Finance Unveils Cross-Protocol Flash Loans
DeFi lending protocol C.R.E.A.M. Finance is launching a protocol-to-protocol flash loan product through its Iron Bank, with the aim to increase capital efficiency and expand
NFT Focused Layer 2 Immutable X Launches Alpha Version
Immutable X, an NFT-focused layer 2 solution on Ethereum from the team behind the NFT trading card game Gods Unchained, has launched a test version
dYdX Launches Layer 2 Perpetuals Powered by StarkWare
dYdX launched its cross-margined perpetuals product on a Layer 2 scaling solution powered by blockchain software developer StarkWare. The move is significant as it highlights
Bridge Connecting NEAR Blockchain to Ethereum is Live
The Rainbow Bridge, which connects the NEAR blockchain to Ethereum, is live. NEAR Protocol is a proof-of-stake blockchain that hosts the NEAR platform, a decentralized
Bitcoin’s “Kimchi Premium” Just Blew Up to the Highest Since 2018
The so-called “Kimchi Premium,” the difference between Bitcoin’s price on South Korean exchanges versus the international price spiked to 23% before dropping to roughly 14%
Compound Assets Locked Jump After Single Whale Deposits 629k ETH
Compound has become the number one DeFi protocol by value locked. Compound had already been leading in terms of liquidity supplied—with over $15 billion deposited
Emoji-Based Username Project Yat Wants To Become Universal Internet Identity System
Yat, a project building internet identities, ran its first auction last week, selling 18 “yats,” or strings of emojis which can be used in URLs
Kyber Launches Dynamic Market Maker to Optimize Liquidity Provider Fees
Kyber Network, a decentralized exchange, launched a new product called a dynamic market maker (DMM), which the project says will optimize fees for liquidity providers
Coinbase’s Open Books Makes Crypto Hard to Ignore
Coinbase, the largest US-based cryptocurrency trading venue, has opened up the books highlighting just how powerful this crypto behemoth has become. There are more Coinbase
NFT Investing on a Budget With Fractions and Index Funds
Investing in individual non-fungible tokens or NFTs is a problematic task. The NFTs that seem likely to do well as investments are selling for astonishing
Gnosis Auction Aims to Solve ICO Volatility
DeFi market mechanism developer Gnosis is launching Gnosis Auction, a tool intended to solve initial price volatility for new ERC-20 tokens. Gnosis Auction combines batch
Grayscale Aims to Turn GBTC Into an ETF
Grayscale Investments intends to convert Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund (ETF), the asset manager said in a blog post Monday. “While several
ForceDAO Was Hacked for 183 ETH
ForceDAO, a DeFi hedge fund, was targeted in a hack that resulted in the liquidation of 183 ETH worth of FORCE token. In a post-mortem,
NFTs Are Becoming a Major Source of Income for Crypto Newbies in the Philippines to Colombia
Before April 2020, Paul had never purchased cryptocurrency, let alone even heard of an NFT. Less than a year later, his NFT trading profits have
Fei Roils Early Adopters As Stablecoin and Token Tumble After $1.3B Sale
Fei Protocol was one of the most anticipated project launches this year –– an algorithmic stablecoin backed by heavyweights like Andreessen Horowitz and Coinbase Ventures––
Internet Bonds: Bridging the Gap Between Proof of Stake and Traditional Finance
Viewing eth2 through the lens of traditional financial tools will help the industry mature and grow. Historically, it was difficult to participate financially in the
Enjin Introduces NFT-Focused Blockchain
Enjin has revealed more details about their NFT-focused blockchain, Efinity Network, which was announced earlier this month alongside their “high-speed bridge network” scaling solution, JumpNet.
Filecoin Rallying The Most Among Largest Crypto Tokens
Filecoin’s token is soaring by the most in all of crypto. FIL has jumped 168% to $231 in the last week, the most among the
Aave Sets Sights on Scalability with Polygon
Aave, DeFi’s third-largest protocol by assets in its smart contracts, will be expanding onto the Polygon network as it aims to improve scalability. Need for
DeFi Quietly Doubled By Most Metrics in Q1
While searches for “NFTs” have outpaced those for “DeFi” by seven to one at the close of 2021’s first quarter, DeFi has quietly doubled or
How I Sold a Blog Post for $6k to 3LAU
A new web3 media platform called Mirror offers a new way for journalists to monetize their work. This past month, I set out to explore
CME Group to Launch Bitcoin Mini Futures
CME Group, the world’s largest financial derivatives exchange, is set to launch Micro Bitcoin futures, at one-tenth of a Bitcoin, on May. CME Group already
Element Finance Raises $4.4M to Boost Fixed Rate DeFi Markets
Element Finance raised $4.4M in a seed round led by Andreessen Horowitz and Placeholder accompanied by SV Angel, A.Capital, Scalar Capital, and Robot Ventures. Angels