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 Scalability Consistently high gas fees, while indicative of Ethereum’s growing success and adoption, have the downside of pricing out smaller investors, Aave said in a March 31 blog post. In…

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 included Joseph Lubin, Fernando Martinelli, Stani Kulechov, Mariano Conti, Robert Leshner and Tarun Chitra. The project aims to bring liquidity to the fixed-rate income and interest markets Users will be…

Delta Financial, a new on-chain options layer, is already making a big splash in DeFi—by waging war against Uniswap.  As reported by Decrypt, shortly after Delta launched their DELTA token on Uniswap on March 28, Uniswap’s 24-hour trading volume rocketed up 450%, from $1.2B all the way up to $7.2B. $DELTA accounted for $6.1B, or…

NFTs have been pitched as a radical, new form of digital ownership detached from the whims of centralized companies. Unlike digital goods in mobile games, which are traditionally tied to the lifespan of a games’ server, NFTs are said to be truly “ownable.” In other words, as long as you own the token, you own…

Visa is now settling transactions via stablecoins on the Ethereum network. While these are just a tiny sliver of Visa’s total volume, and only apply to one client, the fact that the largest payments network is using a public blockchain signals the integration between traditional finance and crypto is strengthening. The first such transaction in…

A DAO bought the artist pplpleasr’s Uniswap V3 teaser video for $525K and she has committed to donating all proceeds to charity. Here’s how probably this year’s most inspiring DeFi story went down.  The 46 second video shows a pink unicorn walking through a barren landscape while tubes, which pplpleasr has later said symbolize the…

You see, if you thought that just because you’re “decentralized” the regulators can’t touch you, well you might have to think again. There’s new guidance and the implications are startling. A big conversation about a big topic with Joseph Weinberg of Shyft Network

The highest amount of Bitcoin options ever is set to expire this Friday, which might put some temporary selling pressure on the largest cryptocurrency. $5.5B in options contracts come due tomorrow, according to derivatives data platform Bybt. Options are investment contracts which give traders the right but not the obligation to sell or buy a…

Alpha Finance Lab will be launching its ALPHA tokenomics system “in the coming days,” allowing token holders to earn fees from staking across all of ALPHA’s products, including Alpha Homora on Ethereum, Alpha Homora on Binance Smart Chain, and Alpha Homora v2.  Token stakers will gain access to features on Alpha products with the goal…

Ellipsis Finance, an authorized fork of Curve Finance, launched yesterday on Binance Smart Chain (BSC).The protocol is an exchange for stablecoins and its launch doc promises traders “very low slippage and minimal fees.”  As the protocol is an “authorized fork,” holders of veCRV, Curve’s governance token which earns trading fees and liquidity provider rewards, will…