Tornado Cash passed its first governance proposal to make its native token – TORN – transferable yesterday afternoon. Tornado Cash offers a way for users to privately send funds between any two addresses using an anonymity pool, meaning tokens sent through the mixer can not be tracked between the sending and receiving address. It also…

It’s sometime in the near future. We’re on the moon, in a Lambo. Yes, we made it. But now what? Are we going to cash out into fiat or cling onto another bear market? Or maybe there’s another way, something more sensible…

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…

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…

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…

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…

You know we’re heading into frothy markets when an otherwise unremarkable tweet sends a token flying.  Alpha Homora’s token ALPHA jumped by almost 50% to the highest since its launch in October after the DeFi project tweeted on Monday that 0.39% of ETH supply is locked in its smart contracts. That’s $600M, or 11th in…

dYdX closed its Series B round with an investment of $10M led by Three Arrows Capital and DeFiance Capital. Other investors include Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital. The dYdX exchange, which focuses on derivatives trading, notes that since launching its  decentralized perpetual contracts for three markets in 2020, it’s…