Lemma uses a market neutral derivatives position to issue a stablecoin and generate sustainable yield

Delta neutral is a portfolio strategy utilizing multiple positions with balancing positive and negative deltas so that the overall delta of the assets in question totals zero. A delta-neutral portfolio evens out the response to market movements for a certain range to bring the net change of the position to zero.

Binance, the world’s largest cryptocurrency exchange, has allocated $1 billion in funding to a new growth fund that aims to kickstart the next phase of expansion for Binance Smart Chain (BSC). According to the announcement, $100M will be earmarked for talent development to enable a “new generation of crypto-native professionals to push crypto adoption forward.”…

Robinhood, the wildly popular brokerage app, just made a move that could be a shot in the arm for DeFi.  It plans to introduce crypto wallets in 2022 that will enable customers to deposit and withdraw Bitcoin, ETH, and other digital tokens from their accounts to external wallets. Robinhood’s current system doesn’t provide customers with…

We’ll be talking with DeFi founders who made the move from big banks in traditional finance into the wild west of crypto. We’ll chat about what it was like leaving their comfy jobs, what convinced them to take the leap, how they’re finding this new world compares with the old one, and what advice they…

It’s hard to believe that this channel is barely a year old and here we are with 227 videos uploaded and a ton of data to work with. We’ve covered so many different topics and NFTs are clearly a favourite but of all the L1s we’ve looked at there’s one in particular that just floats…

DeFi is getting easier for CeFi users.  Crypto’s largest centralized exchange, Binance, now allows users to withdraw and deposit Polygon’s MATIC token directly from and onto the protocol’s proof-of-stake mainnet. Previously users needed to go through a multi-step process, either utilizing one of Binance’s two blockchains or swapping for Ethereum-based versions of MATIC when withdrawing…

Retail investor-focused stock trading app Robinhood plans to bolster its crypto functionality. Ahead of its upcoming IPO on July 29, Robinhood livestreamed its “roadshow” to give investors insight into the company’s growth plans. Referring to Robinhood’s crypto offerings during the livestream, CFO Jason Warnick said the company would be “making a lot of investments in…

Bucking a bearish crypto market, FTX, the two-year-old cryptocurrency exchange, announced a $900M Series B funding round at a valuation of $18B, the company said in a statement released yesterday.  The deal is a clear sign that for all the angst in the markets, well-heeled investors are only too eager to play the long game…

Grayscale is now offering institutional investors index exposure to DeFi. The Grayscale DeFi Fund tracks Coindesk’s DeFi Index (DFX), a new market cap-weighted benchmark index following a representative basket of ten DeFi crypto tokens. These include Uniswap (UNI) weighted at 49.95%, Aave (AAVE) weighted at 10.25% and Compound (COMP) weighted at 8.38%.  Grayscale’s new index…