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Daily Defi News from Across the Web

Daily Defi News from Across the Web

This Week in DeFi – May 21

To the DeFi community, Coinbase released a new browser extension allowing Coinbase Wallet users to connect to and interact with DeFi and other web-based dapps, adding serious competition to a critical link... Read more »

Lock an NFT on Drops to Take Out a Loan

Drops looking to bring NFTs into DeFi Drops is one of the latest protocols to bring NFT assets into the DeFi space. Through the platform users can fractionalize NFTs and then take... Read more »

Flux Protocol Raises $10.3M Seed Round to Build DeFi Infrastructure on NEAR

Some of crypto’s leading venture capitalists are placing a $10.3 million bet on decentralized finance (DeFi) burgeoning on the NEAR blockchain, according to an announcement Thursday. The seed funding round in DeFi... Read more »
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Two More Binance Smart Chain Projects Report Incidents, Prices Plummet

Source: a screenshot, Instagram/binance Binance Smart Chain (BSC), ran by the crypto exchange giant Binance, has landed in hot water due to the incidents suffered by its projects – yet again. Yesterday... Read more »
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Tranche Mainnet Launches to Spearhead CDOs in DeFi Growth

A platform designed for crypto degens Tranche Finance is a platform that allows users to split any yield-generating asset from the DeFi ecosystem into two perpetual assets. A fixed-rate asset that lets... Read more »
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BSC’s “Pancake Bunny” Exploited, Community Claims $1 Billion Loss

Binance Smart Chain DeFi protocol Pancake Bunny has been exploited via a flash-loan attack, in what the community initially believed to be a record-setting $1 billion loss. The price of the protocol’s... Read more »
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SoftBank Is Making Multiple Crypto Moves this Month

Source: Adobe/Tupungato The Japanese tech incubator giant SoftBank has had an active May so far, making a series of low-key investments in a number of crypto, non-fungible token (NFT) and decentralized finance... Read more »
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What is PantherSwap: A Simple Explanation

The First Automatic Liquidity Acquisition Yield Farm & AMM on BSC PantherSwap is an automated market maker decentralized exchange and yield farm running on Binance Smart Chain. The platform offers staking, token... Read more »
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NFT Trading Protocol Unicly Increases User Base 792%

More than 1,280 active wallets in the past 7 days NFT trading platform Unicly has grown its user base 782% in the past 7 days to 1,280 active user wallets. The platform... Read more »
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Market Wrap: Capitulation City as Bitcoin Dumps to $31K, ETH to $2K Before Reversal

An unusual confluence of bearish fundamentals caused all cryptocurrencies to fall Wednesday, but traders seem to be scooping up cheaper crypto, sparking something of a rebound. Bitcoin (BTC) trading around $39,461 as... Read more »

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