Recap of DeFi Space, April 2021
Defiprime Monthly #32
New DeFi Products
Greenwood V2, an interest rate optimizer for borrowers, launched at the very start of April, and automatically borrows from the lending protocol with the lowest APR.
Instadapp Protocol introducing INST governance token
Instadapp, a middleware protocol for the DeFi space, aims to aggregate DeFi into a single layer, using the DSA system, and introducing concepts like decentralized governance, account extensions, and L2 integrations.
Krystal, a new app built by KyberSwap, aims to save users time, money, effort, and more by consolidating some of the best DeFi services.
kCompound is a wrapper for the Compound lending platform that lets you and many others deposit collateral, and borrow assets. But, the kCompound loans are constantly monitored and protected by KeeperDAO, protecting borrowers from liquidation.
Recipe Creator, made by the DeFi Saver team, aims to allow users greater freedom, and setting up first building blocks for countless automated options.
Scalar is a scalable microtransaction solution, built on the Connext Vector protocol, and aims to aggregate and compress transactions, before being finalized on-chain.
Opium TURBOS aims to be a product with a short expiry, that gives you highly leveraged exposure to the asset itself. Once you buy Turbo for a fixed price, and it goes above the strike price, you earn a high return within a short period.
Tokemak, a DeFi product, is a utility for sustainable liquidity, and aims to create just that, along with capital efficient markets through a decentralized market making protocol.
Aave is a sponsor of our monthly newsletter 🙏
Aave is an open-source and non-custodial protocol for money market creation on Ethereum. Originally launched with the Aave Market, it now supports a Uniswap Market and enables users and developers to earn interest and leverage their assets. Aave also pioneered Flash Loans, the first uncollateralized loan option in DeFi, and an innovative building block for developers.
What’s new at Defiprime
Defiprime listed a handful of new products this month. They include:
Beefy Finance, a multi-chain yield optimizer ✅
Lien, a protocol for options and stablecoins out of ETH ✅
Ellipsis, a decentralized exchange that enables swapping of stablecoins with low slippage on BSC ✅
Interviews with DeFi projects
NFTX - Core contributor ChopChop explains what NFT Index Funds are, and more.
Reflexer - Co-Founder Stefan of Reflexer Labs explains Reflexer and RAI, along with how he turned an old idea from a DAI Purple Paper into a new protocol.
💸 Venture Financing
Polygon launched a $100M fund.
Alchemy raised $80M, being valued at $505M.
Dfyn completed seed and private financing rounds, ending with $2.4M.
NFTb had secured funding under $100M to boost the BSC ecosystem.
Injective Protocol had raised $10M from Pantera Capital, and Mark Cuban
The same day, Smoothy raised $2.4M during a private funding round.
O3 Swap secured $2M from multiple investors.
BENQI closed its $6M strategic round, in an attempt to create algorithmic liquidity markets.
Sheesha Finance raised $9.4M.
ConsenSys closed a $65M round backed by JPMorgan and Mastercard.
Binance Labs led a $1.6M seed round in the startup MOUND.
Loda secured $3M a day earlier, from investors like Spartan, Framework, and more.
ChainSwap closed a $3M Strategic Round, so that they could make a Multi-Asset Hub for Smart Chains.
Upcoming DeFi Events
DeFi Connected - 05 May 2021 - Online
0xHack - 14 May 2021 - Online
DeFi Summit - 17 May 2021 - Online
Consensus by CoinDesk - 24 May 2021 - Online
The Conference.NFT - 17 Jun 2021 - Online
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