To the DeFi community, This week, 1inch announced closing a $175 million Series B funding round, led by Amber Group. The AMM aggregator will spend the additional capital scaling up the development team and developing new protocols to serve as an access point to DeFi for institutional investors. https://mobile.twitter.com/1inch/status/1466029911408324612 L2 non-custodial exchange DeversiFi announced … Read more
To the DeFi community, This week, DeFi-focused L1 Elrond announced a massive $1.29 billion liquidity mining program for the Maiar DEX denominated in the MEX token. The program will also include a follow-up incentive program for users of currently leading DEX including Uniswa, Pancakeswap and Sushiswap. 1/ TODAY IS THE DAY. The Maiar DEX is … Read more
To the DeFi community, This week, Sushiswap and Celo announced a partnership to bring $12.6 million in liquidity mining rewards to Celo’s mobile-first user base, with rewards going live at 4pm ET on October 14. The partnership also launches with support from Optics, an L2 token bridge that will now allow users to bridge from … Read more
This week, 1inch Exchange adds Arbitrum to its growing list of L2 solutions integrations and brings much needed DEX aggregation to the most recent scaling standout. 1inch will combine liquidity from Arbitrum-based exchanges including Balancer, Uniswap, Sushiswap, and others to increase efficiency and reduce slippage in decentralized swaps. Just like L1’s, L2’s will have their … Read more
The expansion to Arbitrum is set to offer 1inch users lower transaction costs, higher transaction speeds and fast withdrawals. The 1inch Network continues conquering more and more of the DeFi space and is happy to share that the 1inch Aggregation Protocol and the 1inch Limit Order Protocol have been deployed on Arbitrum One, an L2 … Read more
To the DeFi community, This week, Avalanche announced raising $230 million in a private token sale to investors led by Polychain and Three Arrows Capital. The sale was completed in June 2021, and the funds will be used to accelerate the growth of DeFi and enterprise applications on Avalanche through token purchases, grants, and technological … Read more
To the DeFi community, This week, Harmony unveiled a $300 million fund to support development of startups working in the Harmony ecosystem, with specific funding for DAOs, bug bounties, hackathons, partnerships, and more. The fund will plan to pay out more than $180 million in its first year, with the full amount to be disbursed … Read more
To the DeFi community, This week, Ethereum L2 solution Arbitrum finally launched with a fresh $120 million from a series B funding round led by Lightspeed Venture Partners. The differences between Arbitrum and competitors like Optimism are subtle, but in general Arbitrum is likely to have cheaper transaction fees long term, and will function more … Read more
To the DeFi community, This week, Balancer introduced the Balancer Grants DAO, a community-driven DAO with the power to grant between $1,000 and $75,000 to projects committed to helping Balancer become the leading DeFi protocol for programmable liquidity. The initial round of grants will be disburse 20,000 BAL tokens over the next three months. Follow … Read more
A direct bridge for BTC and more is now live on Arbitrum Michael Burgess Aug 18 · 3 min read We are very excited to announce that the RenVM x Arbitrum integration is live! While Arbitrum is still in a closed Mainnet Beta, RenBridge is fully integrated and is ready to be used by the … Read more