This Week in DeFi – September 17

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

This Week in DeFi – September 10

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

This Week in DeFi – September 3

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

This Week in DeFi – August 27

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

This Week in DeFi – August 20

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

This Week in DeFi – August 13

To the DeFi community, This week, Solana-based Mango Markets raised more than $70 million in one of the largest token sales in recent memory for the decentralized spot and perpetual futures exchange. Funds raised will go towards capitalizing the Mango Markets insurance fund and MNGO tokens will serve as the decentralized governance token for the … Read more

This Week in DeFi – August 6

To the DeFi community, This week, dYdX introduced the dYdX Foundation, designed to support and grow the dYdX L2 protocol, including funding research and conduct business on behalf of the protocol, on the path to full decentralization.  To that end, the dYdX token was also announced this week, a governance token that enables rewards and … Read more

This Week in DeFi – July 30

To the DeFi community, This week, DeFi had another mainstream moment as the feature story on the cover of Fortune magazine, bringing the ethos of the early days of decentralized finance to the masses. Featuring insights and commentary from leading DeFi traders and developers, it’s another sign that the industry is being taken more seriously … Read more

This Week in DeFi – July 23

To the DeFi comunity, This week, Grayscale introduced a new DeFi fund tracking asset allocations set by the Coindesk DeFi index. As with other Grayscale products, eligible (accredited) investors and institutions can buy into the fund to track the performance of a basket of blue-chip DeFi protocol tokens, with Grayscale working towards listing the fund … Read more

This Week in DeFi – July 16

To the DeFi community, This week, Uniswap V3 soft launched Optimism L2 integration, bringing instant trades and fees up to 10x lower than a comparable transaction on Ethereum L1. Uniswap Optimism will continue to scale up in the coming weeks and may experience unexpected downtime, and comes with the known limitations of L2 providers like … Read more