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Daily Defi News from Across the Web

Daily Defi News from Across the Web

Galaxy Digital, IOSG Lead $4.3M Funding Round for ‘DeFi Bridge’ Centrifuge

Centrifuge, a blockchain startup focused on bringing real-world assets to decentralized finance (DeFi), has raised millions from big-name investors. According to a press release provided to CoinDesk Tuesday, Centrifuge has secured $4.3... Read more »

Convergence Protocol Raises $2M in Funding Round Led by Hashed

Convergence Protocol, a decentralized project focused on bringing liquidity to real-world assets in decentralized finance (DeFi), has secured $2 million in its latest funding round. According to a press release Tuesday, the... Read more »

Impermanent loss is a death sentence for DeFi mining

Decentralized finance is a prevalent industry that keeps reaching new milestones. Despite the appeal, no one can deny plenty of issues with the current DeFi mining model. In my opinion, we need... Read more »
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What is Venus Finance

The latest Binance Smart Chain DeFi dapp Venus Finance is a decentralized finance application running on the Binance Smart Chain, offering users an algorithmic-based money market system to utilize cryptocurrencies. Importantly, Venus... Read more »
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What is BNB

Binance token surges to all-time highs in 2021 BNB is the native coin of the Binance Chain and powers the Binance ecosystem launched through an initial coin offering (ICO) on June 26th,... Read more »
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What is PancakeSwap

The Binance Smart Chain answer to SushiSwap PancakeSwap is a decentralized finance application running on Binance Smart Chain. Looking past the creative name, PancakeSwap is fundamentally Ethereum’s SushiSwap running on the Binance... Read more »
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DeFi platform hacks itself to safeguard users’ funds

The developers of Primitive, Ethereum-based decentralized finance (DeFi) permissionless options protocol, “whitehacked” their own platform after a severe exploit was discovered today. “EMERGENCY ALERT @PrimitiveFi has whitehacked our contracts to safeguard user... Read more »
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Tokenlon Doubles Trading Volume to $670 Million

Daily trading volume tripled The decentralized exchange Tokenlon has seen its audience double in the past seven days, while the total trading volume doubled to more than $670 million. The platform’s services... Read more »
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mStable Explained. Interview with Co-founder

Nick Sawinyh on 23 Feb 2021 James told us how mStable started, why they choose guarded launch for mUSD, and where is mStable’s protocol business model. Hello! What’s your background, and what... Read more »
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Crypto.com burns $10 billion worth of CRO ahead of mainnet launch

Crypto.com, the Hong Kong-based payments and crypto exchange platform, will conduct one of the biggest token burns ever ahead of its mainnet launch. Crypto.com’s DeFi move Crypto exchange and payments tool provider... Read more »

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