This Week In DeFi – June 3

To the DeFi community, This week Binance’s venture capital arm, Binance Labs, raised $500 million for a new web3 investment fund – its first using outside investment. DST Global Partners and Breyer Capital backed the fund, along with a number of private equity funds, family offices, and corporations. The fund is looking to support projects … Read more

Balancer is Now on Optimism!

Balancer Protocol Launches on Optimism in Collaboration with Beethoven X We are thrilled to announce that Balancer has launched on leading Layer 2 rollup network Optimism with the help of our frens at Beethoven X. Ethereum’s scaling challenges have led to prohibitive gas fees that increasingly exclude people from using the network to access decentralized … Read more

This Week In DeFi – May 27

To the DeFi community, This week a16z has raised a mammoth $4.5 billion for its fourth crypto fund – also its largest to date. The fund will be split into $1.5 billion for seed investments and $3 billion for venture financing. Overall, the fund will focus on web3 gaming, DeFi, decentralized social media, zero-knowledge proofs, … Read more

This Week in DeFi – April 29

To the DeFi community, This week Optimism $OP token rumors come true, as the Ethereum Layer-2 scaling solution announces new plans for its governance structure and token distribution. The “Optimism Collective” will be governed by two houses; The Citizen’s House will govern public goods funding, while the Token House will govern protocol upgrades and project … Read more

This Week in DeFi – April 22

To the DeFi community, This week Tron crashed the algorithmic stablecoin party, announcing that it will launch its very own USDD stablecoin May 5th. The coin will be supported with TRX and $10 billion worth of crypto reserves – as well as offering 30% interest rate. This may be one to watch, as it attracts … Read more

This Week in DeFi – March 18

To the DeFi community, This week, Optimism raised $150 million in a Series B round that valued the Ethereum scaling solution at $1.65 billion. Optimism says they’ll continue improving the protocol to reduce transaction fees, including by adding additional developer talent to the team. After over a year on mainnet, our milestones keep adding up: … Read more

This Week in DeFi – February 11

To the DeFi community, This week, Ethereum scaling solution Optimism paid a $2 million bug bounty for the discovery of a bug that would have allowed users to double spend and generate an unlimited amount of tokens without backing. The exploit has been patched, and bug bounties yet again prove one of the most valuable … Read more

BarnBridge Partners with Optimism to Launch SMART Alpha Pools for Synthetix and Chainlink

We’re excited to announce that SMART Alpha is now integrated and launched on Optimism. One of our key goals is lowering barriers to entry for people looking to hedge or leverage their assets. The high gas fees on Ethereum L1 makes it prohibitive for both the average retail investor to use SMART Alpha and for … Read more

This Week in DeFi – January 21

To the DeFi community, This week, 1inch Exchange went live on Avalanche and Gnosis Chain (formerly xDai Chain) to expand DEX aggregation services to more corners of the DeFi ecosystem. At launch 1inch on Avalanche  aggregates liquidity from more than a dozen exchange protocols, and 9 from the Gnosis Chain. [email protected], one of the most … Read more

This Week in DeFi – January 14

To the DeFi community, This week, NEAR protocol raised $150 million in a round led by Three Arrows Capital. Funds will go towards developing NEAR’s regional hubs in increasing brand awareness, as well as funding various ecosystem projects. 📣 @NEARProtocol raises $150M to boost ecosystem growth! 🔥#NEAR has announced the close of a $150 million … Read more