PrimeDAO raises $2M in DeFi funds to help DAOs
PrimeDAO has received $2 million in startup funding to help decentralized autonomous organizations (DAOs) in the DeFi industry coordinate and cooperate more effectively. The round included major DeFi investment groups such as Signum Capital, LD Capital, and Stacker Ventures, according to a release shared with Cointelegraph. The funding will be used to create PrimeDAO’s “DAO2DAO” […]
dTrade derivatives exchange raises $22.8M for market makers
dTrade, a decentralized exchange, has funded $22.8 million for a market-making fund aimed at providing more liquidity to the ecosystem, which might pave the way for larger DeFi adoption on Polkadot. According to the business, the funding would allow dTrade to debut with “deep liquidity” supported by some of crypto’s largest market makers. The funds […]
Avalanche reportedly exploited for crypto tokens worth $3.2 million
Zabu, a DeFi app under Avalanche confirmed that the attacker was successful in withdrawing 4.5 billion tokens from the Zabu Farm Contract and stealing around $600,000 in total. It has been revealed that Zabu Finance, a DeFi application running on the Avalanche blockchain, has been attacked in order to obtain crypto tokens worth $3.2 million. […]
Arbitrum’s TVL increases to $1.5 billion as DeFi morphs into ArbiNYAN
Over $1 billion worth of Ether remains locked in the ArbiNYAN yield farm, despite the native token’s price collapsing by more than 90% in less than 24 hours. Rollup network at layer two of Ethereum Arbitrum One is experiencing significant growth, with its total value locked (TVL) increasing by nearly 2,300 percent in the last […]
Bank for International Settlements: The Rise of Stablecoins and DeFi Make Central Bank Currencies “Urgent”
Traditional banking is under threat, according to Benoit Coeuré, the director of the Bank for International Settlements’ Innovation Hub. According to Benoit Coeuré, head of the Bank for International Settlements ‘ (BIS) Innovation Hub, key pillars of today’s cryptocurrency economy, such as stablecoins and decentralized financial infrastructure (DeFi), pose a danger to the world’s central […]