SushiSwap’s $60M strategic fundraising round has come under fire from community members who dislike the plan to offer investors deep discounts at a time when its tokens are slumping in the marketplace. Last week, the SushiSwap team introduced a proposal  to diversify the protocol’s treasury. The decentralized exchange holds the bulk of its treasury funds…

Damien Hirst, still the enfant terrible of the UK art scene and reportedly the nation’s richest living artist, is about to add to his fortune with a $20M NFT drop. His project, called The Currency, is a collection of 10,000 NFTs, which correspond to 10,000 unique paintings of spots created by the artist in 2016.…

It’s a good time for Layer 2 enthusiasts as Uniswap V3 has soft-launched on Optimism, a leading optimistic rollup solution for scaling Ethereum.  Users can now tap Optimism to deposit, trade and provide liquidity on the decentralized exchange (DEX), which captures roughly half of all DEX volume, according to a Dune Analytic’s query. Optimism “currently…

A series of unexpected trades in the last two days roiled the DeFi Education Fund set up by Uniswap token holders, leading to finger pointing and accusatory tweets as the newly formed lobbying organization struggled to fend off more controversy. It started yesterday when Igor Igamberdiev, a research analyst at The Block, said on Twitter…

As yields and prices cool, dampening down dreams of another DeFi summer, the hope of a Layer 2 version of the season has emerged. Pushing the dream forward is Hop Protocol, a project which allows users to “hop” across scaling solutions has launched on the Ethereum mainnet.  Hop, which works with protocols compatible with the…

What a can of worms.  This weekend, Adamant Finance, a yield aggregator on Polygon, initiated a governance vote to “blacklist” wallets it said belong to Alameda Research, a crypto hedge fund that trades up to $10B a day in tokens and derivatives. The fallout has been fast and furious. The action came in response to…

Less than a month after the spectacular implosion of Iron Finance’s algorithmic stablecoin, the DeFi project has relaunched a new yield farm on Polygon. Iron Finance’s IronSwap is an automated market maker (AMM) for stablecoin swaps. It aims to facilitate high-volume, low-slippage trades with low fees. For now, there’s no algorithmic insanity to deal with,…

What are CryptoPunks packing down there?  That’s what one new limited-run avatar NFT project, CryptoJunks, is sharing with the Internet. The CryptoJunks project uses the head and shoulders art of CryptoPunks to create matching genitalia. There’s tentacle penises, peeing pee-pees, regular ole schlongs; pink, coiffed lady parts, peach punani and sadist snatches, where the hand…

It’s shaping up to be a big month for Sushiswap. The decentralized automated market maker (AMM) is slated to release its much-anticipated V3 upgrade, codenamed MIRIN, on July 20. A host of new features are expected including limit orders, improved support for multi-token yield farming, MEV protection, and an upgraded user interface. xSUSHI Boost  A…