Defi

DeFi Protocol iZUMi Finance Raises $30M, Launches Exchange

The funds were raised through the sale of bond vouchers and claims to back the new iZiSwap decentralized exchange. iZUMI Finance, a multichan decentralized finance (DeFi) platform, has raised $30 million through the sale of bond vouchers and claims on its iZUMi…

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Billionaire backer breaks silence on Terra fiasco calling it ‘heart wrenching’

Mike Novogratz addresses the crypto community after more than a week of silence on the matter. Speaking for the first time since the sensational collapse of the Terra ecosystem, Galaxy Digital CEO Mike Novogratz penned an open letter warning of the risks of cryptocurrency.…

Cryptocurrency Defi by Cawrey John May 17, 2022

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Coinbase unveils Web3 mobile DApp and DeFi wallet and browser

Coinbase is rapidly expanding its product offerings this month as some select users can now access DeFi and other DApps on Ethereum through the Coinbase app. America’s largest crypto exchange Coinbase has rolled out Web3 application functionality including a hot wallet and…

Cryptocurrency Defi by Jaxson Clark May 14, 2022

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DeFi attacks are on the rise — Will the industry be able to stem the tide?

Dozens of DeFi systems have been hacked over the past year, and the trend doesn’t seem to be abating. The decentralized finance (DeFi) industry has lost over a billion dollars to hackers in the past couple of months, and the situation seems…

Cryptocurrency Defi market by Lee Daniel May 13, 2022

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Crypto Market Onslaught Stretches to DeFi as TVL Slumps to $114bn

With a broad-based caution being exercised by investors regarding risk assets, there have been a massive outflow of funds from Decentralized Finance (DeFi) protocols as many investors anticipate calm to re-engulf the ecosystem. The DeFi world is not spared from the current…

Cryptocurrency Defi market by Allen Adam May 5, 2022

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DeFi Protocol Lido Finance Hits A Whopping $19.52 Billion In TLV

Lido Finance, a liquid staking solution for ETH 2.0, has emerged as the DeFi protocol with the highest trading volume, according to data from TVL aggregator for DeFi, DeFiLama. LidoFinance’s trading volume hit $19.52 billion, as 7-days consecutive value remains bullish. Lido Finance Unseats Curve to achieve this…

Cryptocurrency Defi market by Jaxson Clark May 2, 2022

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Value Locked in Defi Drops Below $200 Billion, April’s Dex Trade Volume Drops 21% Lower Than March

While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion range to $196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $592 billion in…

Cryptocurrency Defi Knowledge Opinion by Lee Daniel May 1, 2022

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Liquidity has driven DeFi’s growth to date, so what’s the future outlook?

On-chain liquidity was the catalyst of DeFi Summer 2020, but what will lead the DeFi markets to hit a trillion dollars within another year or two? In mid-February 2020, the total value locked within decentralized finance (DeFi) applications first exceeded $1 billion. Fueled…

Cryptocurrency Defi Event by Cawrey John April 30, 2022

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Hashstack Finance releases Open protocol for DeFi lending

Hashstack announces Public testnet of the world's first ever secure, under-collateralised lending protocol HashStack has just released the public testnet of its Open protocol, the world’s first-ever DeFi lending protocol to offer under-collateralized loans. The testnet is fully functional with over $5 million…

Cryptocurrency Defi by Walker Luca April 28, 2022

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DeFi Argent raises $40 million and focuses on the gaming industry

Argent, a London-based firm competing to create a DeFi super-app, has secured $40 million in a Series B round of funding. The investment was spearheaded by Fabric Ventures and Metaplanet, the investment business of Skype co-founder Jaan Tallinn. New strategic supporters Starkware,…

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