Ren Project, an open protocol that facilitates value transfer between blockchains, has joined forces with quantitative trading firm Alameda Research.  Ren Project said in a Medium post that it will be prioritizing support for the Solana blockchain as part of its new partnership with Alameda.  They plan to bridge assets between Solana and Ren’s multi-chain…

Mark Cuban, the billionaire entrepreneur and investor who stars on Shark Tank and owns the Dallas Mavericks, thinks that blockchain is the future of mainstream finance. After vocally supporting Reddit’s WallStreetBets during their GME stock rally aimed against Wall Street hedge funds, Cuban made himself available to WSB community members for an AMA (Ask Me…

Balancer unveiled its V2 protocol upgrade, offering a generalized AMM solution for DeFi liquidity. Balancer allows users to create token pools with flexible constituents, weights and trading fees. With V2, Balancer will aggregate all its liquidity in one vault, while users will maintain an internal balance of the tokens they hold. The change is meant…

Synthetic assets trading in decentralized finance is picking up after stock buyers were locked out of traditional markets last week. Platforms like Mirror, FTX, and Synthetix, which are live, and others still in the works like Injective Protocol, allow investors to gain access to traditional stocks and assets via tokens which replicate their price.  Daily…

Did Robinhood freeze your account? Do you want to buy stocks but you can’t? Well, that’s exactly why we have DeFi — it’s permissionless, it’s trustless, no one can freeze your account here. In this tutorial we take a look at how to buy stocks using Mirror Protocol. Mirror Protocol is a synthetics protocol providing…

Yearn Finance token holders voted for the protocol to mint 6,666 new tokens, prioritizing the implementation of a funding model for contributors over keeping a hard cap. Holders of 1.66k YFI (83.4%) voted “yes,” compared with 330.5 YFI (16.6%) voting “no,” on the off-chain governance tool Snapshot. In a recent proposal, Yearn Finance laid out…

Goldfinch, a newly launched DeFi lending protocol focusing on loans without collateral, today announced a $1M funding round and progress on its pilot lending program in emerging markets.  Goldfinch, which launched in December, said it’s working with PayJoy in Mexico, Aspire in Southeast Asia, and QuickCheck in Nigeria, which have collectively drawn down $1M from…

The first ever DeFi mortgage may have just gone through.  An engineering lead at a top DeFi protocol, who asked to remain anonymous to keep his personal finances private, on Jan. 22 paid off his mortgage loan with Commonwealth Bank of Australia, and now is paying down his refinanced home loan through DeFi protocol Notional…

This week has seen a flurry of announcements around Layer 2 scaling solutions with Aave’s Matic bridge, Synthetix introducing Layer2 staking on Optimism and Loopring’s mobile app hitting the Google Play store bringing all the advantages of Layer 2 to mobile users. I’ve found myself using the Metamask and MyEtherWallet apps a lot recently so…

By Dan Kahan and Owen Fernau GameStop stock (GME) is going to the moon. So are AMC Theaters (AMC), Nokia (NOK), BlackBerry (BB), and maybe even Bed Bath & Beyond (BBBY)—just ask the shitposters on Reddit’s r/wallstreetbets (WSB). The WSB saga has been a fascinating black box for anyone interested in finance (or wealth redistribution,…