Ruler and Cover DeFi protocol shuts down amid mass developer desertion
DeFi insurance protocol is a procedure that protects against financial loss, owners of tokens have been promised a part of the remaining treasury funds by Ruler and Cover. In an honest open letter, “DeFi Ted,” the chief contributor to the Cover and Ruler Protocol, revealed that the protocol would be shutting down its virtual doors […]
Lobby Lobsters NFT raises $4 million in one hour from sales
The revenues made from secondary sales will also be disbursed to support DeFi lobbying efforts globally. This is the main purpose it is to serve upon its creation. Nonfungible tokens (NFT) with cartoon lobsters in suits have garnered almost $4 million to assist lobbying efforts for the decentralized finance (DeFi) sector. Universe, a nonfungible token […]
Global crypto exchange OKEx launches DeFi hub and NFT marketplace
A DeFi Hub and a marketplace for the creation and sale of non-financial tokens (NFTs) are being launched by OKEx to broaden its decentralized finance footprint. Introducing the DeFi Hub, a decentralized digital asset ecosystem that includes a marketplace for nonfungible tokens, global cryptocurrency exchange OKEx is stepping up its efforts in decentralized finance (DeFi) […]
DeFi Protocol from Kyber Network is now available on Binance Smart Chain
Kyber Network’s multi-chain technology, which was previously introduced on Ethereum and Polygon, is now available on Binance Smart Chain. Kyber Network , a liquidity platform for decentralized finance (DeFi), has launched its KyberDMM protocol on Binance Smart Chain (BSC). DeFi is a common moniker for a set of blockchain protocols designed to deliver financial products […]
Evrynet’s raise $7M for its forthcoming DeFi app
The market for decentralized finance is continuing to grow at an alarming rate, because of the more than $155 billion in total value that has been locked in, DeFi is becoming more appealing to large institutional investors. Evrynet, a financial services platform , has completed a $7 million fundraising campaign for their upcoming decentralized finance […]