To the DeFi community, This week, the Aave community voted to approve a proposal for Aave V3, introducing the next evolution of the DeFi borrowing and lending protocol with a host of new features including adjustable borrowing limits for improved risk management and portal bridges between Aave instances on different protocols for cross-chain liquidity. 1/ … Read more
To the DeFi community, This week, Osmosis DEX announced a $21 million fundraise, led by Paradigm. Funds will support development of the Osmosis protocol on Cosmos, where the Osmosis DEX allows users to trade without being impacted by MEV and provides greater flexibility for developers to innovate with DeFi. Osmosis DEX also enables Superfluid staking, … 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
Polkaswitch Community Sep 1 · 3 min read We are excited to announce the launch and expansion of our cross-chain liquidity protocol on Avalanche! Avalanche is an open-source platform for launching decentralized applications in an interoperable, highly scalable ecosystem. It was built by Ava Labs and processes over 4500 transactions per second without the security … Read more
To the DeFi community, This week, Aave announced plans for more robust cross-chain governance as the Ethereum community supporting the initial Aave framework branch out to other chains and L2 solutions. The announcement was also paired with news that Aave will open source the Aave UI, allowing anyone around the world to contribute to, utilize, … 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
Avalanche is an open-source platform for launching decentralized financial (DeFi) applications and enterprise blockchain deployments in an interoperable and highly scalable ecosystem. Sponsored Sponsored Avalanche’s mainnet went live at the end of September 2020. It is the first smart contract platform that confirms transactions in less than a second, is compatible with the Ethereum development … Read more
This week, the Uniswap Treasury is being tapped to create a fund of UNI tokens worth $30 million to be spent on political groups and lobbying in support of sensible DeFi and crypto policy. The proposal has not been without detractors, and only passed with a 65/35 margin, but it represents one of the first … Read more