This Week In DeFi – May 13

To the DeFi community, This week, TerraUSD took center stage for unfortunate reasons, as the third-largest stablecoin lost its peg – sending Terra’s native LUNA token into a “death spiral”. Kick-started by an apparent attack on the system, a significant de-pegging of UST to the dollar resulted in a rush to the exits by token … 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 15

To the DeFi community, This week Uniswap Labs has announced a venture unit, which will invest in promising web3 projects. Uniswap Labs also plans to actively participate in the governance of the projects it invests in. Unrelated to the venture unit, Uniswap has also released a widget this week to enable users to more easily … Read more

This Week in DeFi – April 8

To the DeFi community, This week Terra founder Do Kwon has declared war against prominent Dai stablecoin (DAI), via the launch of “4pool” – a stablecoin liquidity pool on Curve with an emphasis on UST and FRAX. The pool is attempting to attract liquidity from “3pool”, a similar pool containing DAI, by using large quantities … 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

This Week in DeFi – October 29

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

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